NVIDIA reported Q1 FY24 total revenue of $7.19 billion (down 13% YoY, up 19% QoQ), with Data Center revenue reaching a record $4.28 billion (up 14% YoY, 18% QoQ). The company raised Q2 FY24 guidance to $11.0B, implying sequential QoQ growth of 53 percent and signaling strong demand for inference and training GPUs from cloud providers and enterprises building AI infrastructure. Non-GAAP gross margin expanded to 66.8 percent, free cash flow was $2.64 billion, and the company maintained operating leverage despite sequential OPEX decline. This represents a material inflection point in which AI workload revenue (data center) has become the dominant driver of NVIDIA's business trajectory.
388 other tracked developments touching the same claims.