This year-over-year upswing was driven by the strong demand for its Ampere architecture products from cloud computing and AI providers. Revenues from Data Center (45.2% of revenues) jumped 83% year over year and 15% from the previous quarter to $3.75 billion. Story continues Market Platform’s Top Line Detailsīased on the market platform, Gaming revenues (43.7% of revenues) shot up 31% year over year and 6% sequentially to $3.62 billion. NVDA continues to benefit from the strong demand for its Ampere architecture products. The year-over-year top-line growth was driven by higher sales of GeForce Graphic Processing Units (GPUs). The top line climbed 8% on a quarter-over-quarter basis. Revenues of $8.29 billion beat the consensus mark by 2.1% and surged 46% year over year. The reported figure jumped 49% year over year and 3% sequentially. For the first quarter, NVIDIA reported non-GAAP earnings of $1.36 per share, which beat the Zacks Consensus Estimate by 4.6%. NVIDIA kick-started fiscal 2023 on a strong note by reporting better-than-expected first-quarter results. NVIDIA Q1 Earnings Beat Estimates, Revenues Surge Y/Y Will the recent negative trend continue leading up to its next earnings release, or is Nvidia due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Shares have lost about 9.1% in that time frame, underperforming the S&P 500. A month has gone by since the last earnings report for Nvidia (NVDA).
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