Nvidia Non-GAAP EPS of $1.36 beats by $0.07, revenue of $8.28B beats by $190M
Nvidia press release (NASDAQ:NVDA): Q1 Non-GAAP EPS of $1.36  beats by $0.07.
Revenue of $8.28B (+46.3% Y/Y)  beats by $190M.
Shares -2.2%.
Record quarterly revenue for Data Center and Gaming
On May 23, 2022, the board of directors increased and extended the companyâs share repurchase program to repurchase additional common stock up to a total of $15 billion through December 2023.


NVIDIAâs outlook for the second quarter of fiscal 2023 is as follows:

Revenue is expected to be $8.10 billion vs. $8.44B consensus, plus or minus 2%. This includes an estimated reduction of approximately $500 million relating to Russia and the COVID lockdowns in China.
GAAP and non-GAAP gross margins are expected to be 65.1% and 67.1%, respectively, plus or minus 50 basis points.
GAAP and non-GAAP operating expenses are expected to be approximately $2.46 billion and $1.75 billion, respectively.
GAAP and non-GAAP other income and expense are expected to be an expense of approximately $40 million, excluding gains and losses from non-affiliated investments.
GAAP and non-GAAP tax rates are expected to be 12.5%, plus or minus 1%, excluding any discrete items.