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Nvidia Earnings With Jim Cramer: What to Watch

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Nvidia is set to report earnings after the bell on Thursday, May 21.

The GPU giant is sporting a $215 billion market cap ahead of earnings.

As a result, informal sales and EPS expectations might be above official analyst estimates going into Nvidia’s April quarter (fiscal first quarter) earnings report. Currently, the consensus among analysts polled by FactSet is for revenue of $2.97 billion (up 34% annually), GAAP EPS of $1.39, and non-GAAP EPS of $1.66.

TheStreet’s Eric Jhonsa weighed in on what he’s watching ahead of the earnings report.

He broke down the biggest segments he’s watching.

The first one? GPU sales to cloud giants.

The consensus is for Data Center revenue to be up 66% annually in the April quarter to $1.05 billion. For the July quarter, which should benefit from initial sales of Nvidia’s new A100 flagship server GPU and DGX A100 server, the consensus is for Data Center revenue to rise 71% to $1.12 billion, noted Jhonsa.

Then, of course, investors should keep their eyes on gaming GPU sales. And any commentary around the Mellanox deal, which closed in April. The deal was worth $6.9 billion.

He’s also watching the automotive segment sales, and gross margin growth.

So, what is Jim Cramer watching ahead of the earnings report?

Watch the full video above for more.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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