NVIDIA Reports $81.6 Billion in Q1 Revenue, Surpassing Expectations
Second-Quarter Revenue Forecasted at $89.1 Billion to $92.8 Billion
EPS at $1.87
NVIDIA announced that its first-quarter results far exceeded market expectations, surpassing $81.6 billion.
On this day, NVIDIA reported revenue of $81.62 billion for the first quarter of the fiscal year. This significantly exceeds the market estimate of $78.86 billion.
Jensen Huang, CEO of NVIDIA, is speaking at a press conference held in March at the San Jose by Hilton Hotel in California, USA. Photo by Hyunji Kwon, The Asia Business Daily
View original imageAccording to Bloomberg, the company forecasted second-quarter revenue to be in the range of $89.18 billion to $92.82 billion. Earnings per share were reported at $1.87, and it was added that the margin for the current period is expected to be between 74.5% and 75.5%.
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Bloomberg assessed NVIDIA's first-quarter earnings announcement, stating, "It is likely to alleviate concerns about intensifying competition in the artificial intelligence computing market and supply chain constraints."
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