Nvidia Q1 earnings beat estimates as data centre revenue hits $75.2B
Nvidia posted Q1 adjusted EPS of $1.87, topping estimates of $1.77, as revenue rose to $81.62B. The chipmaker guided Q2 revenue to $91B plus or minus 2%, above the $87.36B consensus.
Summary:
- Adjusted EPS came in at $1.87 versus an estimate of $1.77, per company results
- Revenue reached $81.62B against a consensus estimate of $79.19B, per company results
- Q2 revenue is guided to $91.0B plus or minus 2%, with a range of $89.18B to $92.82B, above the $87.36B estimate, per company results
- Data centre revenue for Q1 totalled $75.2B, ahead of the $73.48B estimate, per company results
- Adjusted gross margin for Q1 was 75.0%; Q2 adjusted gross margin is guided to 74.5% to 75.5%, per company results
- The quarterly cash dividend was raised to $0.25 per share from $0.01, and an additional $80B share buyback was authorised, per company results
- The company said it is moving to a new reporting framework built around two platforms, per company results
Nvidia delivered a record quarterly result, with revenue of $81.62B exceeding Wall Street's $79.19B forecast and adjusted earnings per share of $1.87 coming in ahead of the $1.77 estimate. The figures underline the sustained pace of capital flowing into artificial intelligence infrastructure, with the company's data centre division again doing the heavy lifting.
Data centre revenue reached $75.2B in the first quarter, surpassing analyst expectations of $73.48B and reinforcing Nvidia's position at the centre of the global AI buildout. The segment has become the dominant driver of the company's financial profile, with hyperscalers and cloud providers continuing to absorb GPU capacity at a pace that shows little sign of moderation.
The forward guidance was equally striking. Nvidia projected Q2 revenue of $91.0B, plus or minus 2%, translating to a range of $89.18B to $92.82B and clearing the consensus estimate of $87.36B by a meaningful margin. Adjusted operating expenses for the second quarter are expected to come in at approximately $8.3B, above the $7.93B estimate, suggesting the company is continuing to invest heavily in its cost base to sustain growth.
Gross margins held firm. The Q1 adjusted gross margin of 75.0% was accompanied by Q2 guidance of 74.5% to 75.5%, indicating that pricing power across Nvidia's product stack remains robust despite an increasingly competitive environment and ongoing questions around supply chain capacity.
Beyond the operational numbers, management made two significant capital allocation announcements. The quarterly cash dividend was lifted to $0.25 per share from the prior $0.01, a 25-fold increase that signals considerable confidence in the company's ability to generate cash. An additional $80B share buyback authorisation was also announced, providing a substantial return of capital mechanism for shareholders.
The company also said it is transitioning to a new reporting framework structured around two platforms, a change that will likely require analysts to remodel their segment-level forecasts ahead of upcoming quarters. The structural shift adds a layer of complexity to near-term comparisons but may ultimately provide cleaner visibility into the business as product lines evolve.
The results arrive at a moment when investor scrutiny of AI-related capital expenditure remains intense. Nvidia's ability to post another beat-and-raise quarter while guiding margins higher will be read as a strong signal that demand for its chips is not softening, even as geopolitical constraints on chip exports and the emergence of alternative accelerators continue to generate uncertainty around the longer-term competitive picture.
This article was written by Eamonn Sheridan at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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