The company will aim to push forward on AI, graphics, robotics, and self-driving cars. NVIDIA expects to ramp up several of its divisions in the second half of 2022, including new GPU, CPU, DPU, and robotics processors. EPS came in at $1.36 per share, which passed the Wall Street consensus estimates of $1.20 per share. Revenue came in at $8.29 billion, which is more than the initial projected $8.12 billion that was expected. Non-GAAP earnings per diluted share were $1.36, up 49% from a year ago and up 3% from the previous quarter. GAAP earnings per diluted share for the quarter were $0.64, down 16% from a year ago and down 46% from the previous quarter, and include an after-tax impact of $0.52 related to the $1.35 billion Arm acquisition termination charge. NVIDIA (NASDAQ: NVDA) today reported record revenue for the first quarter ended May 1, 2022, of $8.29 billion, up 46% from a year ago and up 8% from the previous quarter, with record revenue in Data Center and Gaming.

Here is the statement from the NVIDIA investor relations website: The news appears to be mostly good, as the company has surpassed its revenue and EPS expectations. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.NVIDIA ($NVDA) has reported in with its earnings for Q1 2023. On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The company reported that, primarily as a result of a decline in the sales of its products used in crypto mining, the company’s “other revenue” category had tumbled 52% YOY.īefore today, NVDA stock had tumbled 42% so far this year. Nvidia also had negative news for the cryptocurrency sector. Nevertheless, Nvidia CEO Jensen Huang said that “the underlying dynamics of the gaming industry is really solid.” The company anticipates that its revenue from them would fall by 13%-19% in Q2, compared with Q1. Revenue from its gaming chips, however, grew by a much lower 31% YOY. The company reported that the demand for its graphics processors remains strong, while the sales of its data center chips had soared 83% YOY last quarter. Weakening Game Demand Weighs on NVDA Stock

Nvda earnings date q1 2022