Nvidia Q4 earnings preview: Can the chipmaker manage a sequential upswing?
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Nvidia (NASDAQ:NVDA) is scheduled to announce Q4 earnings results on Wednesday, February 22nd, after market close.
The consensus EPS Estimate is $0.80 (-39.4% Y/Y) and the consensus Revenue Estimate is $6.02B (-21.2% Y/Y).
Over the last 3 months, EPS estimates have seen 2 upward revisions and 3 downward. Revenue estimates have seen 4 upward revisions and 3 downward.
Shares of the semiconductor stalwart have surged over 40% to start 2023, rebounding sharply alongside many of its peers.

Ahead of the results, increased interest in AI was cited as a positive catalyst for the company in 2023 by Bank of America.
However, Wells Fargo warned clients that reduced capital expenditures among major tech players could be a negative for the chip company.
BMO Capital Markets also cautioned an increasing weaker environment for Nvidia's Data Center business, particularly for the first half of 2023, although it sees a "multibillion dollar opportunity" for the long-term emerging in generative AI.
Meanwhile, Stifel is more positive for Nvidia's April quarter guidance as the gaming segment inventory re-balancing is likely complete and H100 shipments are expected to begin in earnest, driven by solid demand. However, visibility beyond Q1 is likely limited with hyperscale customers reassessing their capex allocation.
Over the last 2 years, NVDA has beaten EPS estimates 75% of the time and has beaten revenue estimates 88% of the time.