NVIDIA Corporation Q1 2024 Earnings Analysis
Revenue declined 13.2% year over year and fell 88.2% sequentially. Margins improved from the previous quarter, suggesting stronger cost discipline and operational efficiency. NVIDIA Corporation also posted year-over-year earnings growth, reinforcing a more resilient operating profile.
Revenue trend
Revenue pressure continues, indicating softer demand or pricing headwinds.
Margin and earnings quality
Margins improved from last quarter, suggesting that cost controls are starting to offset topline weakness.
What matters next
The earnings story is shifting from pure growth toward efficiency, pricing discipline, and margin defense.
Revenue & YoY Growth
QuarterlyRevenue trend and year-over-year growth across recent reported quarterly periods.
Net Income & Net Margin
QuarterlyNet income and net margin trend over recent reported quarterly periods.
Revenue Analysis
NVIDIA Corporation reported $7.2B in revenue for Q1 2024, down 13.2% YoY and down 88.2% QoQ. The year-over-year decline indicates ongoing pressure on topline performance.
Profitability Analysis
Net income came in at $2.0B, up 26.3% YoY and up 44.5% QoQ. Net margin was 28.4%. Sequential margin improvement suggests stronger operating discipline despite a mixed revenue environment.
Frequently Asked Questions
Quick factual answers for this report. Need the why behind them? Ask the report assistant.
What was NVIDIA Corporation's revenue in Q1 2024?
NVIDIA Corporation reported revenue of $7.2B in Q1 2024.
What was NVIDIA Corporation's net income in Q1 2024?
NVIDIA Corporation reported net income of $2.0B in Q1 2024.
How did NVIDIA Corporation's revenue change year over year?
NVIDIA Corporation's revenue decreased by 13.2% year over year in Q1 2024.
What was NVIDIA Corporation's net margin in Q1 2024?
NVIDIA Corporation's net margin was 28.4% in Q1 2024.
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Data Source & Methodology
Financial data is sourced from company filings and internal processed earnings data.
YoY and QoQ values are derived from reported quarterly figures when not directly available.
This page is for informational purposes only and does not constitute investment advice.
