trending Market Intelligence /marketintelligence/en/news-insights/trending/Mcb-NJBgQZ3fgHrEReooqg2 content esgSubNav
In This List

NVIDIA profit misses consensus by 28.6% in fiscal Q1

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


NVIDIA profit misses consensus by 28.6% in fiscal Q1

Nvidia Corp. said its normalized net income for the fiscal first quarter ended April 27 came to 16 cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.

EPS increased 80.2% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $91.2 million, a gain of 66.0% from $55.0 million in the year-earlier period.

The normalized profit margin increased to 8.3% from 5.8% in the year-earlier period.

Total revenue increased 15.5% year over year to $1.10 billion from $954.7 million, and total operating expenses climbed 9.1% from the prior-year period to $951.4 million from $872.0 million.

Reported net income rose 70.0% from the prior-year period to $136.9 million, or 24 cents per share, from $80.5 million, or 13 cents per share.