NVIDIA said quarterly revenue was $26.0 billion, up 262% from a year earlier and up 18% from the prior quarter. It said Data Center revenue rose 427% from a year earlier.

1. 01

   NVIDIA said quarterly revenue was $26.0 billion, up 262% from a year earlier and up 18% from the prior quarter. It said Data Center revenue rose 427% from a year earlier.

2. 02

   The company said gross margin rose to 78.4% this quarter from 64.6% a year earlier. It also said it expects gross margin for fiscal 2025 to be in the mid-70% range.

3. 03

   The company said it had $31.4 billion in cash, cash equivalents and marketable securities as of April 28, 2024. It also said it repurchased 9.9 million shares for $8.0 billion this quarter.

4. 04

   NVIDIA said its Data Center revenue in China fell significantly from the level before the new export control restrictions were imposed in October 2023, and that it has not received licenses to ship the restricted products to China.

Key figures

Quarter ended April 28, 2024

Revenue

$26.0B

Operating income

$16.9B

Net income

$14.9B

EPS

$5.98

Gross profit

$20.4B

Operating cash flow

$15.3B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.