No company has ever posted financial results quite like Nvidia’s, but that just means Wall Street now expects the Silicon Valley chip maker to do something else that has never been done
Nvidia Corp. has just given the world the details of its historic financial year. Its reward: Expectations that the chip maker will accomplish something that has never been done before.
But if you think closely about a few of the numbers that were included in Nvidia’s recent financial report, you will realize just how incredible Nvidia’s last financial year turned out. It really is one for the record books. The Dow Jones Market Data team crunched the data on those 25 years and discovered that no company had ever accomplished that feat at Nvidia’s scale. Since 1999, nearly 300 companies had produced profits that were higher than any previous revenue total, but most were much smaller companies that produced profit of less than $1 billion in their record years.Previously, the highest profit total that exceeded any previous revenue total belonged to Moderna Inc. MRNA, -5.
Those earnings expectations stand out in another way, though. After last week’s blowout earnings report, analysts’ forecasts increased to the point that Wall Street now expects Nvidia to surpass $100 billion in revenue this year, a barrier even Intel Corp. INTC, +2.52% has never broken.When we put the revenue and profit expectations together, something stands out — the margin.
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