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The company has been capitalizing on the current semiconductor shortage over the past year, as evidenced by its impressive financials and profit margins. Its trailing-12-month revenues and EPS increased 64.3% and 52.7% respectively year-over-year. And for its fiscal 2022 third quarter, ended October 31, 2021, NVDA’s revenues increased 50% year-over-year to a record $7.10 billion. Its non-GAAP operating income came in at $3.39 billion, up 70% from the same period last year, and its non-GAAP net income improved 62% from the prior-year quarter to $2.97 billion. Its non-GAAP EPS rose 60% from the year-ago value to $1.17, beating the Street’s estimate by 5.4%.
NVDA has become a signature of reopening trade, thereby gaining momentum over the past year as the global economy gradually reopened following pandemic-driven lockdowns and social distancing restrictions. The stock gained 132.8% in price over the past year and 73.3% over the past six months. However, NVDA has declined 1.6% over the past five days amid the surging market volatility and the broader market pullback.
