Nvidia Q1 2018 Earnings Surprise the Analysts
Last year turned out to be great for Nvidia, as the company had launched the Nvidia GTX 10 series GPUs that sold like hot cakes and in the first few weeks of launch people couldn’t even get their hands on one of these cards. Nvidia Q1 2018 earnings is reported to be $507 Million as compared to a revenue of $1.93 Billion. Analysts estimated $1.89 Billion but actual numbers are higher.
Looking at Nvidia Q1 2018 earnings, we can see that Nvidia is able to sustain growth even after launching the new Pascal architecture and GTX 10 series GPUs last year. Taking that into consideration, it would not have been surprising if earning dropped but that is not the case. Nvidia will pay a dividend of $0.14 per share on June 14, 2017.
Gaming is not the only segment that Nvidia operates in and we see double-digit growth across the board. Nvidia is also getting comfortable in the AI segment of the market as well and seeing how different companies are trying to get in this segment it is possible that Nvidia will be able to make huge profits from this segment as well.
According to Jensen Huang, founder and chief executive officer of Nvidia:
The AI revolution is moving fast and continuing to accelerate. NVIDIA’s GPU deep learning platform is the instrument of choice for researchers, internet giants, and startups as they invent the future. Our Datacenter GPU computing business nearly tripled from last year, as more of the world’s computer scientists engage deep learning. One industry after another is awakening to the power of GPU deep learning and AI, the most important technology force of our time.
Nvidia Q1 2018 earnings is very impressive but this is not the end for the company. The GTC conference is only a few hours away and we will be able to learn more about what Nvidia has planned for the future and reports claim that Nvidia Volta will be the center of attention at the event.
Let us know what you think about Nvidia Q1 2018 earnings!