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Other Pre-Announcement

NVIDIA Announces Financial Results For First Quarter Fiscal 2023

Published: 05/25/2022 21:02 GMT
NVIDIA Corp (NVDA) - Nvidia Announces Financial Results for First Quarter Fiscal 2023.
Q1 Non-GAAP Earnings per Share $1.36.
Q1 GAAP Earnings per Share $0.64.
Q1 Revenue Rose 46 Percent to $8.29 Billion.
Nvidia - on May 23, Board Increased & Extended Share Repurchase Program to Repurchase Additional Common Stock Up to Total of $15 Billion Through Dec 2023.
First-quarter Data Center Revenue Was a Record $3.75 Billion, Up 83% From a Year Ago.
Q2 of Fiscal 2023 Revenue is Expected to Be $8.10 Billion, Plus Or Minus 2%.
First-quarter Gaming Revenue Was $3.62 Billion, Up 31% From a Year Ago and Up 6% From Previous Quarter.
Q2 Revenue Outlook Includes an Estimated Reduction of Approximately $500 Million Relating to Russia and Covid Lockdowns in China.
First-quarter Automotive Revenue Was $138 Million, Down 10% From a Year Ago and Up 10% From Previous Quarter.
Q2 of Fiscal 2023 GAAP and Non-GAAP Gross Margins Are Expected to Be 65.1% and 67.1%, Respectively, Plus Or Minus 50 Basis Points.
Qtrly GAAP Gross Margin 65.5%.
Qtrly Non- GAAP Gross Margin 67.1%.
Q1 Revenue View $8.12 Billion -- Refinitiv Ibes Data (analyst estimates).
Q2 Revenue View $8.45 Billion -- Refinitiv Ibes Data (analyst estimates).