Nvidia (NVDA) easily beat consensus for the fiscal first quarter, though the share price was largely unimpressed afterhours on Wednesday.
Founder and CEO Jensen Huang’s company posted adjusted EPS of $1.87, beating the consensus by 10 cents. Nvidia’s sales hit $81.6 billion in the quarter, $2.65 billion ahead of consensus.
Nvidia was able to achieve this feat by producing $75.2 billion in data center revenue, up an impressive 92% from a year ago.
And overall revenue might have risen 85% from a year ago, but Jensen doesn’t expect the AI revolution to end anytime soon. Nvidia is guiding for $91 billion in revenue in Q2. That’s about $4 billion above consensus and almost $10 billion higher than Q1.
Besides all that, Jensen says the company has approved an additional $80 billion worth of share buybacks and raised Nvidia’s quarterly dividend from $0.01 to $0.25.
However, the stock doesn’t seem to know what to do. Afterhours it fell from $223.47 to $216.23, then it jumped to just under $227 before easing back to near its original regular session closing price.
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