NVIDIA reports adjusted EPS of $1.87 and revenue of $81.62B for Q1, exceeding estimates and raising Q2 revenue outlook.
NVIDIA posted Q1 adjusted earnings per share of $1.87 and revenue of $81.62B, surpassing the $79.19B estimate. The company’s data center revenue reached $75.2B, above the $73.48B forecast, driving the beat.
The chipmaker guided Q2 revenue to a range of $89.18B to $92.82B, centering on $91.0B, well above the $87.36B consensus. Adjusted gross margin for Q1 was 75.0%, with Q2 guidance set at 74.5% to 75.5%.
Shares reacted positively in after-hours trading as the results and outlook exceeded market expectations.