Nvidia releases earnings report and talks about ARM acquisition
Last Thursday (18th), Nvidia released its earnings report for the third quarter of 2022, which covers the period between April 1st and June 30th of the respective year. Surprising investors, the GPU giant has achieved around $7.1 billion in profit, posting a 50% increase over the 2021 metrics, as it continues towards the $1 trillion mark in market capitalization.
In addition to the surprising profit marks, which are even more impressive when considering the crisis in semiconductor supply, the report’s highlight is the updates on the acquisition of ARM. So far, the process faces difficult barriers imposed by regulators in markets across different regions — a strong group that has just received “support” from the UK.
According to Nvidia, the United States is also not very satisfied and has shown interest in imposing restrictions on the ARM acquisition agreement, which already exceeds US$ 40 billion — about R$ 224.55 billion, in direct conversion.
Nvidia has a large profit margin, but still faces difficulties in acquiring ARM. (Source: David Paul Morris, Bloomberg via Financial Times / Reproduction)Source: David Paul Morris, Bloomberg
Nvidia explains in its report: “The acquisition of ARM is subject to customary closing conditions, including receipt of permits, government and regulatory approvals,” it adds. Despite the odds, the company is still confident: “Although regulators and some ARM licensees have expressed concerns or objections to the transaction, we continue to believe in the merits and benefits of the acquisition for ARM, its licensees and the industry,” it concludes. .
The release and earnings report can be read in full directly in the document published by Nvidia, clicking here.