![]() NVIDIA has also noted the advancements to GeForce NOW, which now features RTX 3080-class streaming, a larger library, and even the ability to access Fortnite on mobile devices, which now offers one of the only ways to play the battle royale on iOS. ![]() The company also hailed its revenue from its gaming division, noting that it has overcome many of the challenges created by the ongoing supply chain crisis to record a substantial $3.62 billion revenue, which is up from 31 percent at this time one year ago. The company will aim to push forward on AI, graphics, robotics, and self-driving cars. NVIDIA expects to ramp up several of its divisions in the second half of 2022, including new GPU, CPU, DPU, and robotics processors. EPS came in at $1.36 per share, which passed the Wall Street consensus estimates of $1.20 per share. Revenue came in at $8.29 billion, which is more than the initial projected $8.12 billion that was expected. Non-GAAP earnings per diluted share were $1.36, up 49% from a year ago and up 3% from the previous quarter. ![]() GAAP earnings per diluted share for the quarter were $0.64, down 16% from a year ago and down 46% from the previous quarter, and include an after-tax impact of $0.52 related to the $1.35 billion Arm acquisition termination charge. NVIDIA (NASDAQ: NVDA) today reported record revenue for the first quarter ended May 1, 2022, of $8.29 billion, up 46% from a year ago and up 8% from the previous quarter, with record revenue in Data Center and Gaming. Here is the statement from the NVIDIA investor relations website: The news appears to be mostly good, as the company has surpassed its revenue and EPS expectations. NVIDIA ($NVDA) has reported in with its earnings for Q1 2023.
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