NASDAQ$NVDA
NVIDIA Corporation · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
NVIDIA's Q1 2021 financial results were announced, demonstrating significant year-over-year growth.
NVIDIA reported a strong first quarter in fiscal year 2021, with revenue of $3.08 billion, up 39% year-over-year, driven by record Data Center revenue. The company's GAAP earnings per diluted share were $1.47, a 130% increase from the previous year, and non-GAAP earnings per diluted share were $1.80, up 105% year-over-year.
- Revenue reached $3.08 billion, a 39% increase year-over-year.
- Data Center revenue hit a record $1.14 billion, up 80% year-over-year.
- GAAP earnings per diluted share were $1.47, up 130% year-over-year.
- Non-GAAP earnings per diluted share were $1.80, up 105% year-over-year.
Headline financials
Revenue & EPS history
NVIDIA · Revenue · Quarterly
$3.08B
Revenue by segment
NVIDIA · $2.94B total across 4 segments · Q1 2021
- Graphics$1.34B+27.0%45.5%
- Data Center$1.14B+80.0%38.7%
- Professional Visualization$307M+15.0%10.4%
- Automotive$155M-7.0%5.3%
Forward guidance
NVIDIA's outlook for the second quarter of fiscal 2021 includes the impact from the acquisition of Mellanox. Revenue is expected to be $3.65 billion, plus or minus 2 percent. GAAP and non-GAAP gross margins are expected to be 58.6 percent and 66.0 percent, respectively, plus or minus 50 basis points.
Tailwinds
- Revenue is expected to be $3.65 billion, plus or minus 2 percent.
- Mellanox is expected to contribute a low-teens percentage of combined second quarter revenue.
- Non-GAAP gross margins are expected to be 66.0 percent, plus or minus 50 basis points.
- GAAP and non-GAAP tax rates are both expected to be 9 percent, plus or minus 1 percent, excluding any discrete items.
- NVIDIA is well positioned to advance the most powerful technology forces of our time – cloud computing and AI.
Headwinds
- GAAP gross margins are expected to decline sequentially due to an increase in acquisition-related costs.
- GAAP operating expenses are expected to increase sequentially due to stock-based compensation and acquisition-related costs.
- GAAP and non-GAAP other income and expense are expected to be an expense of approximately $50 million and $45 million, respectively.
- Due to current market uncertainties, NVIDIA is evaluating the timing of resuming share repurchases and will remain nimble based on market conditions.
- The COVID-19 pandemic may continue to impact the company's operations and financial results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
+1.9%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+4.0%
Avg return
30 days after
55%
39 / 71 earnings
Positive
+25.7%
Q3 2017
Best reaction
-16.6%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -1.0% | — | — | |
| Q4 2026 | -1.7% | -7.9% | -14.3% | |
| Q3 2026 | -7.6% | -4.7% | -3.0% | |
| Q2 2026 | +1.7% | -6.0% | -1.9% | |
| Q1 2026 | +3.0% | +4.8% | +17.0% | |
| Q4 2025 | -8.5% | -11.6% | -16.5% | |
| Q3 2025 | -0.2% | -7.5% | -8.4% | |
| Q2 2025 | -8.3% | -7.0% | -5.4% | |
| Q1 2025 | -0.5% | +11.6% | +32.7% | |
| Q4 2024 | +13.1% | +13.9% | +35.8% | |
| Q3 2024 | -3.4% | -5.2% | -2.8% | |
| Q2 2024 | +3.3% | +2.6% | -8.9% | |
| Q1 2024 | +23.8% | +26.9% | +37.5% | |
| Q4 2023 | +14.5% | +13.8% | +29.6% | |
| Q3 2023 | -5.9% | -8.1% | -0.6% | |
| Q2 2023 | +4.2% | -8.0% | -27.2% | |
| Q1 2023 | +10.5% | +16.4% | +6.0% | |
| Q4 2022 | -7.5% | -10.8% | -0.2% | |
| Q3 2022 | +4.9% | +5.8% | -8.0% | |
| Q2 2022 | +1.7% | +12.8% | +12.6% | |
| Q1 2022 | -1.0% | +3.8% | +21.6% | |
| Q4 2021 | -5.9% | -2.1% | -9.2% | |
| Q3 2021 | +0.1% | -2.1% | -1.1% | |
| Q2 2021 | -1.0% | +3.7% | -0.6% | |
| Q1 2021 | +0.7% | -2.8% | +3.2% | |
| Q4 2020 | +6.3% | +8.8% | -11.6% | |
| Q3 2020 | -2.1% | -0.3% | +7.4% | |
| Q2 2020 | +6.4% | +11.9% | +21.2% | |
| Q1 2020 | -2.0% | -2.8% | -9.4% | |
| Q4 2019 | +2.9% | +2.5% | +11.1% | |
| Q3 2019 | -16.6% | -24.4% | -25.7% | |
| Q2 2019 | -5.6% | -2.2% | +6.7% | |
| Q1 2019 | -0.5% | -4.0% | +2.5% | |
| Q4 2018 | +1.4% | +1.7% | +7.2% | |
| Q3 2018 | +3.3% | +2.4% | -8.4% | |
| Q2 2018 | -9.3% | -3.0% | -4.9% | |
| Q1 2018 | +17.9% | +24.4% | +55.6% | |
| Q4 2017 | -4.4% | -8.3% | -16.4% | |
| Q3 2017 | +25.7% | +23.2% | +31.2% | |
| Q2 2017 | +8.2% | +7.0% | +1.7% | |
| Q1 2017 | +13.1% | — | — | |
| Q4 2016 | +11.3% | — | — | |
| Q3 2016 | +12.6% | — | — | |
| Q2 2016 | +11.7% | — | — | |
| Q1 2016 | -5.8% | — | — | |
| Q4 2015 | +6.4% | — | — | |
| Q3 2015 | -1.7% | — | — | |
| Q2 2015 | +7.7% | — | — | |
| Q1 2015 | -1.9% | — | — | |
| Q4 2014 | +6.8% | — | — | |
| Q3 2014 | +4.4% | — | — | |
| Q2 2014 | -0.8% | — | — | |
| Q1 2014 | +4.6% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | -3.3% | — | — | |
| Q2 2013 | +2.7% | — | — | |
| Q1 2013 | +5.7% | — | — | |
| Q4 2012 | +1.3% | — | — | |
| Q3 2012 | +4.6% | — | — | |
| Q2 2012 | +4.4% | — | — | |
| Q1 2012 | -8.1% | — | — | |
| Q4 2011 | +1.1% | — | — | |
| Q3 2011 | +4.1% | — | — | |
| Q2 2011 | -7.9% | — | — | |
| Q1 2010 | -0.8% | — | — | |
| Q1 2011 | -1.1% | — | — | |
| Q4 2008 | -4.7% | — | — | |
| Q3 2009 | -4.6% | — | — | |
| Q3 2010 | -4.6% | — | — | |
| Q2 2010 | +5.7% | — | — | |
| Q2 2009 | +5.7% | — | — |
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