NVDA FY3Q25 ER Preview
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美股重點新聞
財經台韭菜
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Ok 正評樓豬
樓主今個星期竟然講漏咗史上最強美股 mstr 
唔需要分析 只需要知佢每日都會升10%
一齊加入呢個大家庭
好快美國佬就會幫大家財自
唔需要分析 只需要知佢每日都會升10%
一齊加入呢個大家庭
好快美國佬就會幫大家財自
樓豬點睇打仗 
N卡拉升 樓主點睇
冇咩肉食，唔會加碼，me睇緊software 
ESTC+28%
Total Revs $365M vs street at $354M
Cloud revs came in +25% to $169M vs buyside in mid to high 160s (street 166M).
Billings $384M +23% y/y accelerating from +6% last q vs street at $353M
OPM 18% vs guide at 13%
Q2 guide $367-369M vs street at 366M and inline with buyside. OPM 15% vs street at 13.5%.
Another Cloud consumption beat following SNOW earlier this week although this one not as big or clean. Beat driven by accelerated consumption from major customers alongside broad-based strength across enterprise and commercial segments. Sales reorganization benefits materializing, with pipeline creation and progression returning to historical levels. Improved execution led to robust customer commitments, notably in Gen-AI where deal value nearly doubled, including three $1M+ ACV wins.
CFO Janesh is leaving; investors I’m hearing from are viewing that as a big positive as he has a history of rug-pulling and over-promising and under delivering and contributing to the big move this morning.
Bulls will say you get an AI winner with SMID/SMB exposure and takeout potential trading at 6x CY’26 sales and an overhang lifted with CFO leaving.
Bears will say FY guide was only raised slightly and still implies Q4 exit rate of only 11-12% and Q1 commitment shortfall will impact 2H cloud revs as they take months to ramp and that new customer growth remains low. They’ll say 11-12% is pretty uninspiring consider GenAI tailwinds. RPO looked a bit squishy. They’ll say stock is only up this much because of CFO leaving.
Gets an upgrade at Baird saying significant operational improvements in Q2, marked by strong commitments, consumption trends, and improved win rates, alongside emerging GenAI momentum as reasons for the upgrade. Baird notes quick management response to Q1 challenges through territory stabilization and pipeline discipline has proven effective. Baird also points out GenAI commitments doubled, validating AI search leadership position, while Express Migration strengthens competitive stance against SIEM competitors, saying increased margin guidance and sustainable profitability metrics (Rule-of-30+) support the bull case.
Total Revs $365M vs street at $354M
Cloud revs came in +25% to $169M vs buyside in mid to high 160s (street 166M).
Billings $384M +23% y/y accelerating from +6% last q vs street at $353M
OPM 18% vs guide at 13%
Q2 guide $367-369M vs street at 366M and inline with buyside. OPM 15% vs street at 13.5%.
Another Cloud consumption beat following SNOW earlier this week although this one not as big or clean. Beat driven by accelerated consumption from major customers alongside broad-based strength across enterprise and commercial segments. Sales reorganization benefits materializing, with pipeline creation and progression returning to historical levels. Improved execution led to robust customer commitments, notably in Gen-AI where deal value nearly doubled, including three $1M+ ACV wins.
CFO Janesh is leaving; investors I’m hearing from are viewing that as a big positive as he has a history of rug-pulling and over-promising and under delivering and contributing to the big move this morning.
Bulls will say you get an AI winner with SMID/SMB exposure and takeout potential trading at 6x CY’26 sales and an overhang lifted with CFO leaving.
Bears will say FY guide was only raised slightly and still implies Q4 exit rate of only 11-12% and Q1 commitment shortfall will impact 2H cloud revs as they take months to ramp and that new customer growth remains low. They’ll say 11-12% is pretty uninspiring consider GenAI tailwinds. RPO looked a bit squishy. They’ll say stock is only up this much because of CFO leaving.
Gets an upgrade at Baird saying significant operational improvements in Q2, marked by strong commitments, consumption trends, and improved win rates, alongside emerging GenAI momentum as reasons for the upgrade. Baird notes quick management response to Q1 challenges through territory stabilization and pipeline discipline has proven effective. Baird also points out GenAI commitments doubled, validating AI search leadership position, while Express Migration strengthens competitive stance against SIEM competitors, saying increased margin guidance and sustainable profitability metrics (Rule-of-30+) support the bull case.
NTAP delivered strong Q2 results ($1.66B/$1.87 vs. street $1.65B/$1.78), showing 6% revenue growth driven by product (+9%) and public cloud (+9%). All-flash array revenue reached $3.8B annualized (+19% YoY). Gross margins remained robust at 72.0% gross/28.6% EBIT. Company raised FY25 guidance to 6% sales growth (from 5%) and $7.30 EPS (+20c).
Mgmt called out strong execution with market share gains and TAM expansion in all-flash arrays, plus sustained public sector strength. Balance sheet concerns easing as memory pre-buying concludes.
Not much for bears to nitpick in the print. Solid down the middle while bulls will say we are still early in upcycle, storage demand increasing according to VAR surveys, margins have more room to expand and NTAP remains an AI inference beneficary.
NTAP 2025 F/Y GUIDANCE
- Guides ADJ EPS $7.20 to $7.40, saw $7 to $7.20, EST $7.11
- Guides net revenue $6.54B to $6.74B, saw $6.48B to $6.68B
- Guides ADJ operating margin 28% to 28.5%, saw 27% to 28%
- Still sees ADJ gross margin 71% to 72%
GUIDANCE: Q3
- Guides net revenue $1.61B to $1.76B, EST $1.68B
- Guides ADJ EPS $1.85 to $1.95, EST $1.85
RESULTS: Q2
- ADJ EPS $1.87 vs. $1.58 y/y, EST $1.78
- Net revenue $1.66B, +6.1% y/y, EST $1.64B
- Hybrid cloud net rev. $1.49B, +5.8% y/y, EST $1.49B
- Product revenue $768M, +8.8% y/y, EST $769.8M
- Support rev. $635M, +1.9% y/y, EST $633.5M
- Public cloud net rev. $168M, +9.1% y/y, EST $164.3M
- ADJ gross margin 72% vs. 72% y/y, EST 71.6%
- EPS $1.42 vs. $1.10 y/y
Mgmt called out strong execution with market share gains and TAM expansion in all-flash arrays, plus sustained public sector strength. Balance sheet concerns easing as memory pre-buying concludes.
Not much for bears to nitpick in the print. Solid down the middle while bulls will say we are still early in upcycle, storage demand increasing according to VAR surveys, margins have more room to expand and NTAP remains an AI inference beneficary.
NTAP 2025 F/Y GUIDANCE
- Guides ADJ EPS $7.20 to $7.40, saw $7 to $7.20, EST $7.11
- Guides net revenue $6.54B to $6.74B, saw $6.48B to $6.68B
- Guides ADJ operating margin 28% to 28.5%, saw 27% to 28%
- Still sees ADJ gross margin 71% to 72%
GUIDANCE: Q3
- Guides net revenue $1.61B to $1.76B, EST $1.68B
- Guides ADJ EPS $1.85 to $1.95, EST $1.85
RESULTS: Q2
- ADJ EPS $1.87 vs. $1.58 y/y, EST $1.78
- Net revenue $1.66B, +6.1% y/y, EST $1.64B
- Hybrid cloud net rev. $1.49B, +5.8% y/y, EST $1.49B
- Product revenue $768M, +8.8% y/y, EST $769.8M
- Support rev. $635M, +1.9% y/y, EST $633.5M
- Public cloud net rev. $168M, +9.1% y/y, EST $164.3M
- ADJ gross margin 72% vs. 72% y/y, EST 71.6%
- EPS $1.42 vs. $1.10 y/y
SW
巴打點睇MU
呢排走勢幾靚
呢排走勢幾靚
小弟唔係好識TA
SQQQ time?
我建議你做指數投資
聽日收市後準備好比人dell老母未
利空出盡
樓主打算幾時入返TSLA?
樓豬已經唔再回應dell
問左幾次都唔覆
一路問dell一路升
問左幾次都唔覆
一路問dell一路升
一gel就會跌，定律嚟
未有咁嘅打算住
呢隻係曼聯 唔係Mu黎