Nvidia Corporation Intrinsic Value – NVIDIA CORPORATION Reports Record Revenues of USD 13507.0 Million in Q2 FY2024
September 7, 2023
🌥️Earnings Overview
For the quarter ended July 31, 2023, NVIDIA CORPORATION ($NASDAQ:NVDA) reported total revenue of USD 13507.0 million, a 101.5% increase from the same period in the previous year. Net income for this quarter was USD 6188.0 million, versus USD 656.0 million for the same quarter in the prior year.
Market Price
On Wednesday, NVIDIA CORPORATION reported record revenues of USD 13507.0 million in Q2 FY2024, with the stock opening at $458.7 and closing at $471.2, a 3.2% increase from the previous day’s closing price of 456.7. The record quarterly revenue is a testament to the strong performance of the company’s key products, such as its gaming and data center products. NVIDIA CORPORATION has experienced double digit growth in its gaming segment, driven by strong demand for its new graphics processing units (GPUs). The company also reported double-digit growth in data center revenues, driven by investments in artificial intelligence and machine learning applications.
Additionally, NVIDIA CORPORATION’s automotive business also delivered strong growth during the quarter, as its DRIVE platform continues to be adopted by more companies for autonomous driving applications. The record quarterly revenue is also a result of the company’s strong product portfolio, as well as its ongoing investments in research and development. NVIDIA CORPORATION has been at the forefront of developing leading-edge technologies such as ray tracing for gaming and AI acceleration for deep learning applications. Overall, NVIDIA CORPORATION is well positioned to continue its strong performance in the future, given its innovative product portfolio and strong investments in research and development. As the company looks to expand its market share and capitalize on new opportunities, investors can expect the stock to remain a strong performer in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nvidia Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 32.68k | 10.33k | 31.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nvidia Corporation. More…
| Operations | Investing | Financing |
| 11.9k | 1.86k | -10.89k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nvidia Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 49.55k | 22.05k | 9.93 |
Key Ratios Snapshot
Some of the financial key ratios for Nvidia Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 35.7% | 45.0% | 34.7% |
| FCF Margin | ROE | ROA |
| 31.6% | 28.9% | 14.3% |
Analysis – Nvidia Corporation Intrinsic Value
After conducting an analysis of NVIDIA CORPORATION‘s fundamentals, we at GoodWhale have determined that the intrinsic value of the company’s stock is around $277.4. This estimate was calculated using our proprietary Valuation Line. Currently, NVIDIA CORPORATION stock is trading at $471.2, which is overvalued by 69.9%. Our analysis suggests that investors should exercise caution when investing in the stock at its current price. More…
Peers
Nvidia Corporation is an American technology company headquartered in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SOCs) for the mobile computing and automotive market. Nvidia’s primary GPU product line, labeled “GeForce”, is in direct competition with Advanced Micro Devices’ (AMD) “Radeon” products.
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Summary
Investors are encouraged by NVIDIA Corporation‘s strong second quarter earnings results ending in July 2023, which saw total revenue of USD 13507 million, a year-on-year increase of 101.5%. Net income for the period was USD 6188 million, compared to USD 656 million in the same period in the prior year. This impressive performance caused the stock price to increase on the same day, which signals the high confidence investors have in the company’s sustained growth. With its strong financials and positive outlook, NVIDIA Corporation is a prime investment opportunity.
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