Nvidia Corp reported first quarter earnings that beat analysts’ expectations.
The semiconductor company’s non-GAAP earnings for the three months ending April 26 came in at $1.80 per share, exceeding the Street consensus estimate of $1.69 per share. The figure is more than double the year-ago quarter.
Revenue surged +38.7% to $3.08 billion, above analysts’ estimate.
The company experienced a +80% year-on-year surge in data center chip sales.
Nvidia ha projected current quarter revenue of $3.65 billion (higher than expected), plus or minus 2% - partly due to last year's $6.9 billion purchase of Mellanox Technologies.