TMTB: NVDA PANW First Takes

NVDA +3%: Looks solid with quarter bang in line with bogeys; guide much better at $65B vs. bogeys of $64B, but GMs a tad light.

3Q Revs $57B vs. bogeys of $57B and street at $55B and guide at $54B
3Q GM of 73.6% vs. 74% vs street at 73.6% and guide of 73,5%
4Q Rev guide $65B vs. bogeys of $64B and street at $62B
4Q GM 74.9% vs bogeys of 75% and street at 74.5%

From the PR, “Blackwell sales are off the charts, and cloud GPUs are sold out,” said Jensen Huang, founder and CEO of NVIDIA. “Compute demand keeps accelerating and compounding across training and inference — each growing exponentially. We’ve entered the virtuous cycle of AI. The AI ecosystem is scaling fast — with more new foundation model makers, more AI startups, across more industries, and in more countries. AI is going everywhere, doing everything, all at once.”

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PANW -6%: Quarter looks ok / Acquiring Chronosophere for $3.35B

Overall, looks ok although some calling out NGS NN ARR for being a tad light tad and some not excited about another acquisition.

1Q NGS NN ARR : $5.85B vs street at $5.83B and buyside at $5.85B+
1Q revenue of $2.47b vs. Street at $2.46b.
1Q RPO: $15.5B vs. street at $15.45B (22.6%)
2Q next gen ARR for F2Q of $6.125b vs. Street at $6.12b

FY guide reiterated with a slight bump to EPS: