Nvidia: Q1 net income up almost 50%
(CercleFinance.com) - On Wednesday evening Nvidia reported a 49% increase in adjusted net income (non-GAAP) to 3.
44 billion dollars for its first fiscal quarter, or 1.36 dollar per share, along with a 55% increase in its adjusted operating profit to 3.95 billion dollars.
The programmable graphics processor supplier reported a 46% increase in revenue to 8.29 billion dollars and benefited from a 90bp improvement in its adjusted gross margin to 67.1%.
For Q2, Nvidia expects revenue of 8.1 billion dollars, give or take 2% (including a 500 million dollar impact from Russia and China), with an adjusted gross margin that is still at 67.1%, give or take 50 bp.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
44 billion dollars for its first fiscal quarter, or 1.36 dollar per share, along with a 55% increase in its adjusted operating profit to 3.95 billion dollars.
The programmable graphics processor supplier reported a 46% increase in revenue to 8.29 billion dollars and benefited from a 90bp improvement in its adjusted gross margin to 67.1%.
For Q2, Nvidia expects revenue of 8.1 billion dollars, give or take 2% (including a 500 million dollar impact from Russia and China), with an adjusted gross margin that is still at 67.1%, give or take 50 bp.
Copyright (c) 2022 CercleFinance.com. All rights reserved.