3 outlets·5 reports
NVIDIA beats again, guides to $91bn for Q2 and authorises another $80bn of buybacks
ThinkingNews Desk · how this was written
Nvidia reported Q1 revenue of $81.6 billion, up 85 percent year-over-year, with Data Center revenue at $75.2 billion, a 92 percent increase. Net income rose 211 percent to $58.3 billion, surpassing analyst expectations of $42.9 billion. The company raised its Q2 revenue forecast to $91 billion and authorized an additional $80 billion in share repurchases.
Written from all 3 reports below, not from any single one.
How it was reported
- TechMeme·Sources: Nvidia's business development group, not its VC arm NVentures, has led much of its ~$90B dealmaking push across 145+ companies over the past 16 months (Financial Times)
- TechMeme·Nvidia reports Q1 revenue up 85% YoY to $81.6B, Data Center revenue up 92% to $75.2B, and announces an $80B additional share repurchase authorization (Nvidia Newsroom)
- TechMeme·Nvidia reports Q1 net income up 211% YoY to $58.3B, beating analyst estimates of $42.9B, and raises Q2 revenue forecast to $91B (Robbie Whelan/Wall Street Journal)
- TechCrunch·Nvidia posts another record quarter, reveals $43 billion of holdings in startups
- The Next Web·NVIDIA beats again, guides to $91bn for Q2 and authorises another $80bn of buybacks
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