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Nvidia Non-GAAP EPS of $1.09 beats by $0.17, revenue of $7.19B beats by $670M
May 24, 2023 4:24 PM ET NVIDIA Corporation (NVDA)By: Pranav Ghumatkar, SA News Editor 45 Comments
Nvidia press release (NASDAQ: NVDA):
- Q1 Non-GAAP EPS of $1.09 beats by $0.17.
- Revenue of $7.19B (-13.3% Y/Y) beats by $670M.
- Record Data Center revenue of $4.28 billion.
- During the first quarter of fiscal 2024, NVIDIA returned to shareholders $99 million in cash dividends.NVIDIA will pay its next quarterly cash dividend of $0.04 per share on June 30, 2023, to all shareholders of record on June 8, 2023.
- Q2 Outlook: Revenue is expected to be $11.00 billion vs. consensus of $7.11B, plus or minus 2%.
- GAAP and non-GAAP gross margins are expected to be 68.6% and 70.0%, respectively, plus or minus 50 basis points.
- GAAP and non-GAAP operating expenses are expected to be approximately $2.71 billion and $1.90 billion, respectively.
- GAAP and non-GAAP other income and expense are expected to be an income of approximately $90 million, excluding gains and losses from non-affiliated investments.
- GAAP and non-GAAP tax rates are expected to be 14.0%, plus or minus 1%, excluding any discrete items.
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