The segment’s top line surged 34% year over year and 4% sequentially to $4.62 billion.Ĭompute & Networking represented 44.3% of fiscal first-quarter revenues. Graphics accounted for 55.7% of fiscal first-quarter revenues. Graphics includes GeForce GPUs for gaming and personal computers, the GeForce NOW game-streaming service and related infrastructure, along with solutions for gaming platforms, Quadro GPUs for enterprise design, GRID software for cloud-based visual and virtual computing and automotive platforms for infotainment systems. NVIDIA reports revenues under two segments – Graphics and Compute & Networking.

NVDA continues to benefit from the strong demand for its Ampere architecture products. The year-over-year top-line growth was driven by higher sales of GeForce Graphic Processing Units (GPUs). The top line climbed 8% on a quarter-over-quarter basis. Revenues of $8.29 billion beat the consensus mark by 2.1% and surged 46% year over year. The reported figure jumped 49% year over year and 3% sequentially. For the first quarter, NVIDIA reported non-GAAP earnings of $1.36 per share, which beat the Zacks Consensus Estimate by 4.6%. NVIDIA kick-started fiscal 2023 on a strong note by reporting better-than-expected first-quarter results.

NVIDIA Q1 Earnings Beat Estimates, Revenues Surge Y/Y Will the recent negative trend continue leading up to its next earnings release, or is Nvidia due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

Shares have lost about 9.1% in that time frame, underperforming the S&P 500. A month has gone by since the last earnings report for Nvidia (NVDA).

Why is nvda stock down