NVIDIA (NVDA) Tops Q1 EPS by 18c

NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $0.85, $0.18 better than the analyst estimate of $0.67. Revenue for the quarter came in at $1.94 billion versus the consensus estimate of $1.91 billion.

• Revenue of $1.94 billion, up 48 percent from a year ago
• GAAP EPS of $0.79, up 126 percent from a year ago
• Non-GAAP EPS of $0.85, up 85 percent from a year ago
• Broad growth across all platforms

"The AI revolution is moving fast and continuing to accelerate," said Jensen Huang, founder and chief executive officer of NVIDIA. "NVIDIA's GPU deep learning platform is the instrument of choice for researchers, internet giants and startups as they invent the future.

"Our Datacenter GPU computing business nearly tripled from last year, as more of the world's computer scientists engage deep learning. One industry after another is awakening to the power of GPU deep learning and AI, the most important technology force of our time," he said.

For earnings history and earnings-related data on NVIDIA (NVDA) click here.

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