Nvidia's Q1 Surge
Key points:
- Nvidia's Q1 EPS projected to be $5.52
- Q1 revenues expected to reach $24.27 billion
- BofA analysts predict Q1 sales of $26 billion
Nvidia is anticipated to report a substantial increase in its quarterly earnings and revenues for fiscal Q1. The earnings per share (EPS) are projected to be $5.52, marking a 406.4% increase from the same quarter last year. The revenues are expected to reach $24.27 billion, a 237.5% increase year over year.
The company's financial performance is assessed based on key metrics such as 'Revenue- Gaming', 'Revenue- Professional Visualization', 'Revenue- Automotive', 'Revenue- OEM and Other', and 'Revenue- Data Center'.
Furthermore, BofA analysts have provided their estimates. They predict Nvidia's fiscal Q1 sales to reach $26 billion. The gross margins are expected to peak at 77% in Q1 and then decline to 75% to 76% in Q2.