Impact of Outside Factors on Nvidia Is TemporaryĪs I touched on, the big problem with Nvidia’s Q1 earnings was the guidance for Q2. And why NVDA stock - currently down more than 35% in 2022 - is a great buy right now for investors in search of long-term growth investments. That Q2 guidance may have spooked the market, but I’ll explain why it shouldn’t spook you. The company’s revenue guidance of $8.1 billion, “plus or minus 2%” came in well below analyst expectations of $8.44 billion. Or more accurately, Nvidia’s Q2 guidance. At this point it is rallying, but why the initial reaction? It was all about the second quarter. However, despite what looks like another solid quarter for the company, NVDA stock dropped in pre-market trading. That all sounds pretty good if you’re a shareholder. In fact, it will spend up to a total of $15 billion through December 2022. Moreover, the company announced it is committed to continuing and increasing its share repurchase program. Adjusted EPS of $1.36 topped analyst expectations. Two very important divisions - Gaming and Data Center - also set quarterly revenue records.
The company posted record quarterly revenue of $8.29 billion, up 46% from a year ago. Nvidia Corporation (NASDAQ: NVDA) reported its first quarter 2022 earnings after the bell on May 25.
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