secwatch.observer — SEC 8-K summary
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Issuer:     NVIDIA CORP (NVDA)
CIK:        0001045810
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0001045810-23-000087
Event type: earnings
Sentiment:  positive
Materiality: 1.00
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045810/000104581023000087/0001045810-23-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045810/000104581023000087/nvda-20230524.htm
  HTML page:      https://secwatch.observer/filing/0001045810-23-000087

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