Nvidia +1.1% following FQ1 beat, margin improvement

Though Nvidia (NVDA) originally planned to release its FQ1 results on Wednesday, the company was forced to release its core numbers early after a preliminary draft was accidentally e-mailed to ~100 people.

FQ1 gross margin was 55.1%, +130 bps Q/Q and +50 bps Y/Y, and above guidance of 54.5%. That provided a boost to EPS, as did the fact opex only rose 4% Y/Y, less than FQ4's 13% and below revenue growth of 16% (up soundly from FQ4's 3% growth).

Nvidia's guidance and full FQ1 results will be delivered on Wednesday, as originally planned.

FQ1 results, PR

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