Nvidia exceeds Q1 estimates alongside strong revenue outlook

00:00 Speaker A

Let’s get to Yahoo Finance’s Dan Howley on the latest. Dan, what are you seeing?

00:02 Dan Howley

Yeah, but they obviously beat on the top and bottom line and they provided a better than anticipated Q2 outlook, but the stock initially fell around 2%. Right now, it’s just hovering around uh 1%.

00:13 Dan Howley

Uh in the quarter they uh said for Q2, they said they anticipate between 89.1 and 92.8 billion dollars in revenue. Uh Wall Street initially was looking for 87.3 billion. That’s for Q2.

00:26 Dan Howley

For Q1 though, uh the company came in with EPS of $1.87 and revenue of 81.62 billion. Uh the estimate was for a $1.77 and 79.18 billion. So obviously a big beat there.

00:40 Dan Howley

And then on the data center side, obviously the most important business for Nvidia, they had revenue at 75.2 billion. The projection was for 73.47 billion.

00:50 Dan Howley

Just to give you uh uh kind of put that into perspective, the company brought in 39.11 billion in the same quarter just last year on the data center side of things.

00:59 Dan Howley

Now, CFO Colette Kress said that they didn’t see any Hopper product revenue out of China during that quarter. You’ll recall that Jensen Huang, the CEO, was just in China with President Trump trying to get more chips or at least ship any chips into the country.

01:13 Dan Howley

The US has offered Nvidia licenses to ship, but China has to…