- option implied move of 10%, that's a big swing either way
- Q4 EPS $0.89, Est $0.84
- Q4 Gross Margins 73.5%, Est 73.5%
- Q4 Rev $39.3B Est $38.5B
- Q4 Data center rev $35.6B, Est $34.1B
- Forecasts Q1 Rev of $43B, so expecting a new year bump
- Automotive Rev $570M Est $500M
- Networking Rev $3B, Est $3.6B, look for a a Q1 increase
- R&D expenses $3.7B up 51% yoy, Est $3.75B
- Q4 gaming revenue down on limited supply of ADA and Blackwell supply, which is fine as gaming rev is around $2.5B. Hard to believe that this was the entire company just 10 years ago
To Watch:
- Look at geography of sales of H series chips
- what do they say about next refresh
- used to be counted on to beat Est by 10-20%, now expected to meet Estimates
- Can they ramp up Blackwell, turns out they can, nothing wrong with their pipeline so far( $11B delivered in Q4)
Notes:
- company now has $43B in cash, close to double what it had a year ago. Watch for a fat 1 time Div, MSFT, AAPL, etc all did it when their cash pile got to large
- shares down YTD which could be profit taking for those hedge funds that deferred gains till the new year
- Current data center GPU break down is 94% NVDA, 5.9% AMD and 0.1% Intel
- Market so far is Meh about this, which is probably a win for the markets at the moment
- other chip makers are flat as well in the after hours
- other MAG7 companies are pretty flat as well.
- IMHO the thing that the markets love the most is the forward guidance not the current quarters numbers
Numbers:
- option implied move of 10%, that's a big swing either way
- Q4 EPS $0.89, Est $0.84
- Q4 Gross Margins 73.5%, Est 73.5%
- Q4 Rev $39.3B Est $38.5B
- Q4 Data center rev $35.6B, Est $34.1B
- Forecasts Q1 Rev of $43B, so expecting a new year bump
- Automotive Rev $570M Est $500M
- Networking Rev $3B, Est $3.6B, look for a a Q1 increase
- R&D expenses $3.7B up 51% yoy, Est $3.75B
- Q4 gaming revenue down on limited supply of ADA and Blackwell supply, which is fine as gaming rev is around $2.5B. Hard to believe that this was the entire company just 10 years ago
To Watch:
- Look at geography of sales of H series chips
- what do they say about next refresh
- used to be counted on to beat Est by 10-20%, now expected to meet Estimates
- Can they ramp up Blackwell, turns out they can, nothing wrong with their pipeline so far( $11B delivered in Q4)
Notes:
- company now has $43B in cash, close to double what it had a year ago. Watch for a fat 1 time Div, MSFT, AAPL, etc all did it when their cash pile got to large
- shares down YTD which could be profit taking for those hedge funds that deferred gains till the new year
- Current data center GPU break down is 94% NVDA, 5.9% AMD and 0.1% Intel
- Market so far is Meh about this, which is probably a win for the markets at the moment
- other chip makers are flat as well in the after hours
- other MAG7 companies are pretty flat as well.
- IMHO the thing that the markets love the most is the forward guidance not the current quarters numbers