Nvidia +6% on Q1 beats, gaming recovery

|About: NVIDIA Corporation (NVDA)|By:, SA News Editor

Nvidia (NASDAQ:NVDA+6.2% after Q1 beats with revenue down 31% Y/Y. In-line Q2 guidance has $2.5-2.6B in revenue (estimate: $2.53B) with 59.2-59.5% gross margin. Rival AMD (NASDAQ:AMD) is up 0.8%.

Revenue breakdown: Gaming, $1.05B (estimate: $0.93B; +11% Q/Q, -39% Y/Y); Ponal Visualization, $266M (estimate: $289.9M; -9% Q/Q); Data Center, $634M (estimate: $663.7M; -7% Q/Q); Auto, $166M (estimate: $162.3M; +2% Q/Q); OEM and Other, $99M (estimate: $111.5M; -15% Q/Q).

Non GAAP gross margin was 59% versus the 58.9%.

Operating expenses were $753M compared to the $760.2M estimate.

Earnings call starts at 5:30 PM ET with a webcast here.

Press release / CFO comments 

Previously: Nvidia beats by $0.07, beats on revenue (May 16)

Previously: Nvidia declares $0.16 dividend (May 16)

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