Nvidia Q1 Non-GAAP EPS, Revenue Increase; Sets Fiscal Q2 Revenue Guidance — Shares Rise After Hours

Nvidia (NVDA) reported fiscal Q1 non-GAAP earnings late Wednesday of $6.12 per diluted share, up from $1.09 a year earlier.

Analysts polled by Capital IQ expected $5.58.

Revenue for the quarter ended April 28 was $26.04 billion, up from $7.19 billion a year earlier.

Analysts surveyed by Capital IQ expected $24.59 billion.

The company said it expects Q2 revenue of $28.0 billion, plus or minus 2%.

Analysts polled by Capital IQ expect $26.84 billion.

The company’s shares were rising past 2% in recent after-hours activity.

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