Nvidia Corporation (NASDAQ:NVDA) is up more than 44% today following the company’s first-quarter earnings report, released Tuesday night.
Here, we look at the highlights of Nvidia earnings:
- Earnings: Up 85% year-over-year to 85 cents per share. Beat profit estimates of 67 cents per share.
- Revenues: Up 48% year-over-year to $1.94 billion. Beat revenue estimates of $1.91 billion.
- GAAP earnings: Up 126% year-over-year to 79 cents per share
- Operating expenses: Up 18% to $596 million
- Operating income: Up 126% to $554 million
- GPU sales: Up 45% year-over-year
- Gaming market revenue: Up 49% year-over-year
- Datacenter sales: Up 186% year-over-year
- Automotive sales: Up 24% year-over-year
- Q2 revenue outlook: $1.95 billion, +/- 2%
- Q2 GAAP gross margins outlook: 58.4%
- Q2 non-GAAP gross margins outlook: 58.6%
- Q2 GAAP operating expenses outlook: $605 million
- Q2 non-GAAP operating expenses outlook: $530 million
- Q2 capital expenditures outlook: $55 million to $65 million
