Nvidia announces its Q1 2019 earnings, exceeding expectations

Nvidia presented its new earnings report for the first quarter of fiscal year 2019 (April to June) just after the stock market closed, exceeding the expectations of several analysts:

  • Revenue of US $ 2580 million, compared to US $ 2540 million expected by analysts
  • Earnings per share of US $ 1.24 compared to US $ 1.15 expected by analysts
  • Earnings 16% higher compared to last quarter, 17% lower than the same quarter last year
  • Gross margin increased 1.4% to 59.8%

The star as always is the Gaming section, which generated revenues of about US $ 1310 million, compared to US $ 1000 million last quarter. In any case, this is much less than the US $ 1800 million obtained during the same quarter last year when the mining bubble was still a bit.

For the current quarter, Nvidia expects to earn US $ 2.9 billion thanks to an increase in hardware sales for Datacenter and increase the gross margin to 62%, although again less profits will continue to be seen than the same period last year. Once the numbers from the mining era are over, Nvidia should begin to see positive results year after year, which is what investors expect to see. In any case, having exceeded analysts’ expectations this last quarter is excellent, and it will surely bring increases in its stock market value throughout today.

What do you think about the current situation of Nvidia?

Source: WCCFTech

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