Notably, inventory purchase obligations rose by $920M Q/Q to $3.46B, something Nvidia attributes to longer lead times for Data Center products and with other component suppliers.Ĥ:48 PM ET: Nvidia's non-GAAP operating expenses were roughly flat Q/Q and (thanks in part to Mellanox) up 45% Y/Y to $1.19B. Nonetheless, thanks to the demand environment, days of inventory fell by 8 Q/Q to 89. Here's the webcast link.Ĥ:54 PM ET: Nvidia ended the April quarter with $12.67B in cash and $7B in debt.Ĥ:52 PM ET: Inventory rose by $160M Q/Q to $1.99B. Typically, Kress shares opening remarks, after which Kress and Huang both field questions from analysts.Ĥ:57 PM ET: Nvidia's call will be starting in a few minutes. As usual, CEO Jensen Huang and CFO Colette Kress will be on the call. Adds that Nvidia expects gaming GPUs to remain supply-constrained into the second half of the year.ĥ:02 PM ET: IR chief Simona Jankowski is going over Nvidia's safe-harbor statement. Notes Y/Y Gaming growth has accelerated for 3 quarters in a row, and that desktop and laptop GPU sales both set records. She starts by going over Nvidia's FQ1 gaming performance. Says more than 140 RTX 30-powered laptops have been designed.ĥ:04 PM ET: Kress is talking. Our FQ2 outlook assumes CMP (mining GPU) revenue of $400M.ĥ:07 PM ET: Kress: Nvidia's Reflex technology (reduces game latency) is becoming a must-have feature for eSports gamers.ĥ:05 PM ET: Kress goes over recent notebook GPU design wins. No cash balance or cash flow is included in the calculation.5:08 PM ET: Kress: We've taken actions to reduce sales of gaming GPU sales to miners and increase their availability to gamers. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Disclaimer: The TipRanks Smart Score performance is based on backtested results.

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