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Earnings Release 2018

NVIDIA Announces Financial Results for First Quarter Fiscal 2019

SANTA CLARA, CA - NVIDIA ( NASDAQ: NVDA)

  • Record revenue of $3.21 billion, up 66 percent from a year ago
  • Record GAAP EPS of $1.98, up 151 percent from a year ago
  • Record Datacenter revenue of $701 million, up 71 percent from a year earlier

SANTA CLARA, Calif., May 10, 2018 -- NVIDIA (NASDAQ:NVDA) today reported record revenue for the first quarter ended April 29, 2018, of $3.21 billion, up 66 percent from $1.94 billion a year earlier, and up 10 percent from $2.91 billion in the previous quarter.

GAAP earnings per diluted share for the quarter were a record $1.98, up 151 percent from $0.79 a year ago and up 11 percent from $1.78 in the previous quarter. Non-GAAP earnings per diluted share were $2.05, also a record, up 141 percent from $0.85 a year earlier and up 19 percent from $1.72 in the previous quarter.

“We had a strong quarter with growth across every platform,” said Jensen Huang, founder and chief executive officer of NVIDIA. “Our datacenter business achieved another record and gaming remained strong.

““At the heart of our opportunity is the incredible growth of computing demand of AI, just as traditional computing has slowed. The GPU computing approach we have pioneered is ideal for filling this vacuum. And our invention of the Tensor Core GPU has further enhanced our strong position to power the AI era,” he said.