Nvidia reports a 262% jump in sales, signals continuing AI boom
Nvidia reported first fiscal-quarter earnings on Wednesday that beat expectations for sales and earnings, and the stock rose slightly in extended trading.
Nvidia said it was splitting its stock 10 to 1.
- Earnings Per Share: $6.12 adjusted vs. $5.59 adjusted, per LSEG consensus estimates.
- Revenue: $26.04 billion vs. $24.65 billion expected by LSEG
Nvidia said it expected sales of $28 billion in the current quarter. Wall Street was expecting earnings per share of $5.95 on sales of $26.61 billion, according to LSEG.
Nvidia reported net income for the quarter of $14.81 billion, or $5.98 per share, compared with $2.04 billion, or 82 cents, in the year-ago period.