Categories AlphaGraphs, Earnings, Technology

Earnings: Nvidia (NVDA) Q1 adj. profit declines; revenue down 13%

Nvidia Corporation (NASDAQ: NVDA) announced financial results for the first quarter of 2024, reporting a decline in adjusted earnings and revenues.

Nvidia Q1 2024 earnings infographic

The Santa Clara-headquartered tech firm reported adjusted earnings of $1.09 per share for the April quarter, compared to $1.36 per share in the same period of last year. The bottom line was negatively impacted by a 13% decline in revenues to $7.19 billion.

Net income, including special items, was $2.04 billion or $0.82 per share in the three-month period, compared to $1.62 billion or $0.64 per share in the first quarter of 2023.

“Our entire data center family of products — H100, Grace CPU, Grace Hopper Superchip, NVLink, Quantum 400 InfiniBand, and BlueField-3 DPU — is in production. We are significantly increasing our supply to meet surging demand for them,” said Nvidia’s CEO Jensen Huang.

Prior Performance

  • Nvidia Q3 2023 earnings infographic
  • Nvidia Q2 2023 earnings infographic
  • Nvidia Q1 2023 earnings infographic


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

What to expect when Signet Jewelers (SIG) reports Q1 earnings

Shares of Signet Jewelers Limited (NYSE: SIG) were over 3% on Monday. The stock has dropped 13% over the past 3 months. The jewelry retailer is set to report its

MDB Infographic: Highlights of MongoDB’s Q1 2024 earnings report

Software company MongoDB, Inc. (NASDAQ: MDB) has announced financial results for the first quarter of 2024, posting an increase in revenues and adjusted profit. The company reported a 29% increase

Campbell Soup to report Q3 results Wednesday. Here’s what to expect

Campbell Soup Company (NYSE: CPB) is coming out of a rough patch after the packaged food company's sales and earnings got affected by the pandemic, due to the widespread movement

Add Comment
Viewing Highlight