Quick answer: latest quarter results, by ticker or company name

Reported Q: Q1 2024 Rev YoY: -13.2% EPS YoY: +27.7% Move: +3.13%

NVIDIA Corporation

NVDA

$191.22 3.13%

Exchange NASDAQ Sector Technology Industry Semiconductors

Q1 2024

Published: May 26, 2023

Company Status Snapshot

Fast view of the latest quarter outcome for NVDA

Reported

Report Date

May 26, 2023

Quarter Q1 2024

Revenue

7.19B

YoY: -13.2%

EPS

0.08

YoY: +27.7%

Market Move

+3.13%

Previous quarter: N/A

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Earnings Highlights

Revenue of $7.19B down 13.2% year-over-year
EPS of $0.08 increased by 27.7% from previous year
Gross margin of 64.6%
Net income of 2.04B
""Generative AI drove significant upside in demand for our products, creating opportunities and broad-based global growth across our markets."" - Colette Kress, CFO

NVDA

NVIDIA Corporation

Period Q1 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 9, 2026

Executive Summary

NVIDIA Corporation reported impressive financial results for Q1 2024, marked by a revenue increase of 19% sequentially to $7.19 billion, although it represented a 13% decline compared to the previous year. The surge in data center revenue, which achieved record highs of $4.28 billion thanks to robust demand for AI and accelerated computing solutions, has significantly contributed to these results. Management cited generative AI as a critical driver of growth, creating unprecedented market opportunities across various sectors, including cloud services and enterprise applications. This performance is set against a backdrop of ongoing inventory corrections within the gaming segment, demonstrating resilience in a challenging consumer spending environment.

Key Performance Indicators

Revenue

Decreasing

7.19B

QoQ: 18.86% | YoY: -13.22%

Gross Profit

Decreasing

4.65B

64.63% margin

QoQ: 21.26% | YoY: -14.42%

Operating Income

Increasing

2.14B

QoQ: 70.38% | YoY: 14.56%

Net Income

Increasing

2.04B

QoQ: 44.48% | YoY: 26.27%

EPS

Increasing

0.08

QoQ: 45.61% | YoY: 27.69%

Revenue Trend

Margin Analysis

Financial Highlights

### Financial Performance Highlights:
- Revenue: $7.19 billion, up 19% QoQ, down 13% YoY.
- Net Income: $2.04 billion, up 44% QoQ, and up 26% YoY.
- Gross Margin: 64.6% (GAAP); demonstrating significant stability amid cost pressures.
- Operating Income: $2.14 billion, increased by 70% QoQ.
- Earnings Per Share (EPS): Diluted EPS was $0.082, reflecting a 45.61% increase QoQ.
- Free Cash Flow: $2.66 billion, indicating strong cash generation capacity.

### Operational Metrics:
- Data Center Revenue: $4.28 billion (+18% sequentially; +14% YoY).
- Gaming Revenue: $2.24 billion (+22% sequentially; -38% YoY).
- Professional Visualization Revenue: $295 million (+31% sequentially; -53% YoY).
- Automotive Revenue: $296 million (+1% sequentially; +114% YoY).

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	7.19B	-13.22%	18.86%
Gross Profit	4.65B	-14.42%	21.26%
Operating Income	2.14B	14.56%	70.38%
Net Income	2.04B	26.27%	44.48%
EPS	0.08	27.69%	45.61%

Key Financial Ratios

Gross Profit Margin

Excellent

64.60%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Excellent

29.80%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Excellent

28.40%

Net profit margin is exceptional, indicating strong pricing power and operational efficiency

Return on Assets

Fair

4.60%

Return on assets is acceptable but below top-tier companies

Return on Equity

Fair

8.33%

Return on equity is acceptable but below top-tier companies

Current Ratio

Strong

3.43

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Moderate

0.49

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

High Growth

87.38x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

High Premium

29.12x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2026	46,743.00	1.08	+55.6%	View
Q1 2026	44,062.00	0.76	+69.2%	View
Q4 2025	39,331.00	0.89	+77.9%	View
Q3 2025	35,082.00	0.78	+93.6%	View
Q2 2025	30,040.00	0.67	+122.4%	View
Q1 2024	7,192.00	0.08	-13.2%	View

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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