Nvidia beats on revenue and earnings, announces 10-for-1 stock split

Summary

NVIDIA reported a Q1 revenue beat of $26.04 billion, exceeding estimates and matching the whisper number. The data center segment also outperformed with $22.6 billion, driven by strong and accelerating demand. The company highlighted the next industrial revolution as a key growth area. Additionally, NVIDIA announced a 10-for-1 stock split to increase accessibility for employees and investors, set to take effect on June 6th through an amendment.

Takeaways

• 📈 The company reported Q1 revenues of $26.04 billion, exceeding estimates and matching the whisper number of $26 billion.
• 💻 Data center revenue was a standout, with a beat of $22.6 billion, higher than anticipated.
• 🔧 The script mentions the 'Next Industrial Revolution', indicating a focus on growth driven by strong and accelerating demand.
• 📉 While the script does not provide specific numbers, it suggests that both the top and bottom lines are of interest and may have implications for the company's performance.
• 🔄 A 10-for-1 stock split of common stock is announced, aimed at making ownership more accessible to employees and investors.
• 📅 The stock split will be effective through an amendment to NVIDIA, with the split to be implemented on June 6.
• 📊 The split details will be finalized with the close on Thursday, June 6, suggesting a significant date for shareholders and investors.
• 📈 The stock split could potentially boost the stock's liquidity and attractiveness to a broader range of investors.
• 🤔 The mention of a stock split may indicate the company's confidence in its growth and future prospects.
• 📝 The transcript hints at further discussion and details to come, suggesting that investors should stay tuned for more information.

Q & A

What was the reported revenue for Q1?

The reported revenue for Q1 was $26.04 billion.

Did the Q1 revenue meet or exceed the estimates?

Yes, the Q1 revenue was stronger than the estimates and matched the whisper number at $26 billion.

What was the performance of the data center revenue in comparison to expectations?

The data center revenue beat expectations, coming in at $22.6 billion.

What is the term used to describe the ongoing industrial revolution as mentioned in the script?

The term used is 'The Next Industrial Revolution'.

What is fueling the growth mentioned in the script?

The growth is being fueled by strong and accelerating demand.

What significant announcement was made regarding stock ownership?

A 10 for 1 four stock split of common stock was announced to make ownership more accessible to employees and investors.

When will the stock split be effective?

The stock split will be effective through an amendment to NVIDIA and to scan through on June 6.

What is the significance of the stock split for investors?

The stock split makes the stock more accessible and affordable for a broader range of investors and employees.

How will the stock split impact the number of shares and their value?

The stock split will increase the number of shares by a factor of 10, and each share's value will be reduced proportionally.

What is the closing date for the stock split to take effect?

The closing date for the stock split to take effect is Thursday, June 6.

What does the term 'whisper number' refer to in the context of financial reporting?

The 'whisper number' refers to an unofficial and unconfirmed estimate of a company's earnings or revenue, often circulated by traders and analysts.