Earnings

Nvidia (NVDA) earnings Q1 2022

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Jen-Hsun Huang, CEO, Nvidia

David Paul Morris | Bloomberg | Getty Images

Nvidia reported first-quarter results for its fiscal 2022 on Wednesday, with sales growing 84% compared with last year.

Earnings and sales both beat Wall Street expectations, but the shares were basically unchanged in extended trading.

Here’s how the chipmaker did, versus Refinitiv consensus estimates:

  • Revenue: $5.66 billion versus $5.41 billion estimated
  • Earnings: $3.66, adjusted, versus $3.28 per share estimated

The earnings period ended May 2.

Nvidia’s earnings come during a period of sustained, massive growth in its business amid a shortage of semiconductors worldwide. Nvidia said it expected $6.30 billion in revenue…



Source cnbc.com

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