NVIDIA beats by $0.17, beats on revs; guides Q2 revs far above consensus
4:33 PM ET 5/24/23 | Briefing.com
Reports Q1 (Apr) earnings of $1.09 per share, $0.17 better than the S&P Capital IQ Consensus of $0.92; revenues fell 13.2% year/year to $7.19 bln vs the $6.52 bln S&P Capital IQ Consensus.Data Center: First-quarter revenue was a record $4.28 billion, up 14% from a year ago and up 18% from the previous quarter.Gaming: First-quarter revenue was $2.24 billion, down 38% from a year ago and up 22% from the previous quarter.Professional Visualization: First-quarter revenue was $295 million, down 53% from a year ago and up 31% from the previous quarter.Automotive: First-quarter revenue was a record $296 million, up 114% from a year ago and up 1% from the previous quarter.Co issues upside guidance for Q2, sees Q2 revs of $11.0 bln, +/- 2%, equating to revenue of $10.78-$11.22 bln vs. $7.11 bln S&P Capital IQ Consensus. GAAP and non-GAAP gross margins are expected to be 68.6% and 70.0%, respectively, plus or minus 50 basis points."A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process. ... Our entire data center family of products - H100, Grace CPU, Grace Hopper Superchip, NVLink, Quantum 400 InfiniBand and BlueField-3 DPU - is in production. We are significantly increasing our supply to meet surging demand for them." |
