NASDAQ$NVDA
NVIDIA Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported revenue decrease of 13% year-over-year but increased 19% from the previous quarter.
NVIDIA reported Q1 fiscal year 2024 revenue of $7.19 billion, a 13% decrease year-over-year but a 19% increase from the previous quarter. GAAP earnings per diluted share were $0.82, up 28% from a year ago and up 44% from the previous quarter. The company's data center revenue reached a record $4.28 billion.
- Quarterly revenue was $7.19 billion, up 19% from the previous quarter.
- Data Center revenue reached a record $4.28 billion.
- GAAP earnings per diluted share were $0.82, up 28% from a year ago.
- Second quarter fiscal 2024 revenue is expected to be $11.00 billion.
Headline financials
Revenue & EPS history
NVIDIA · Revenue · Quarterly
$7.19B
Revenue by segment
NVIDIA · $7.11B total across 4 segments · Q1 2024
- Data Center$4.28B+14.1%60.2%
- Graphics$2.24B-38.1%31.5%
- Automotive$296M+114.5%4.2%
- Professional Visualization$295M-52.6%4.1%
Forward guidance
NVIDIA’s outlook for the second quarter of fiscal 2024 is as follows: Revenue is expected to be $11.00 billion, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 68.6% and 70.0%, respectively, plus or minus 50 basis points. GAAP and non-GAAP operating expenses are expected to be approximately $2.71 billion and $1.90 billion, respectively. GAAP and non-GAAP other income and expense are expected to be an income of approximately $90 million, excluding gains and losses from non-affiliated investments. GAAP and non-GAAP tax rates are expected to be 14.0%, plus or minus 1%, excluding any discrete items.
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 2024
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro