Nvidia's Earnings Call Date: A Sneak Peek at the Key Highlights

Nvidia is set to host its earnings call, giving investors and analysts a glimpse into the company's financial performance for the first quarter of the year. As we count down the minutes until the call begins, let's take a look at some of the key highlights that have been revealed so far.

Inventory Purchase Obligations on the Rise

Notably, Nvidia has seen a significant increase in its inventory purchase obligations, rising by $920 million from the previous quarter to a total of $3.46 billion. This is largely attributed to longer lead times for Data Center products and other component suppliers. Despite this increase, the company's days of inventory fell by 8% from the previous quarter, indicating that the demand environment remains strong.

Non-GAAP Operating Expenses on the Rise

Nvidia's non-GAAP operating expenses were relatively flat compared to the previous quarter, but up 45% year-over-year to $1.19 billion. This increase is partly due to the company's acquisition of Mellanox. Despite this expense, the company remains committed to its long-term growth strategy.

Cash and Debt Position

As of the end of the April quarter, Nvidia ended with a strong cash position of $12.67 billion and debt of $7 billion. This financial flexibility will allow the company to continue investing in its future growth initiatives.

Gaming Performance

Nvidia's gaming performance has been nothing short of impressive, with year-over-year growth accelerating for three quarters in a row. The company notes that desktop and laptop GPU sales both set records, driven by strong demand from gamers and content creators.

CMP Revenue Outlook

In terms of revenue outlook, Nvidia expects CMP (mining GPU) revenue to reach $400 million in the second quarter. This is a significant increase compared to previous quarters, highlighting the growing importance of this segment for the company.

Reflex Technology: A Must-Have Feature for eSports Gamers

Nvidia's Reflex technology has been gaining traction among eSports gamers, with many considering it a must-have feature for reducing game latency and improving overall gaming performance. This is just one example of how Nvidia is innovating in the gaming space to meet the evolving needs of its customers.

In conclusion, as we await the start of Nvidia's earnings call, these key highlights provide a glimpse into the company's financial performance and growth initiatives. With its strong cash position, growing demand for its products, and commitment to innovation, Nvidia remains well-positioned for continued success in the future.

Nvda earnings call date