NVIDIA reports Q1 revenue $7.19B, guides Q2 to $11.00B on AI demand surge

NVIDIA CORP

2024-Q1 EPS reported $0.82 revenue$7,192,000,000

Q1 GAAP EPS $0.82 (up 44% QoQ); non-GAAP EPS $1.09 (up 24% QoQ).
Record Data Center revenue $4.28B (+14% YoY) driven by generative AI and large language models.
Gaming revenue $2.24B (-38% YoY) due to macroeconomic slowdown and channel inventory normalization.
Q2 FY24 revenue outlook of $11.00B (+53% QoQ midpoint) far above consensus; GAAP gross margin guided 68.6%.
Automotive revenue record $296M (+114% YoY); design win pipeline grew to $14B over six years.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NVIDIA CORP reported first quarter ended April 30, 2023 results: revenue $7.19 billion, net income $2,043 million, EPS $0.82.

Period: first quarter ended April 30, 2023
Revenue: $7.19 billion
Net income: $2,043 million
EPS: $0.82
Result: reported results

Exact text from the filing

NVIDIA (NASDAQ: NVDA) today reported revenue for the first quarter ended April 30, 2023, of $7.19 billion, down 13% from a year ago and up 19% from the previous quarter. GAAP earnings per diluted share for the quarter were $0.82, up 28% from a year ago and up 44% from the previous quarter.

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Source: SEC EDGAR

accession 0001045810-23-000087

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