| Non-GAAP | |||||||||||
| ($ in millions, except earnings per share) | Q1 FY22 | Q4 FY21 | Q1 FY21 | Q/Q | Y/Y | ||||||
| Revenue | $5,661 | $5,003 | $3,080 | Up 13% | Up 84% | ||||||
| Gross margin | 66.2% | 65.5% | 65.8% | Up 70 bps | Up 40 bps | ||||||
| Operating expenses | $1,189 | $1,187 | $821 | -- | Up 45% | ||||||
| Operating income | $2,557 | $2,089 | $1,205 | Up 22% | Up 112% | ||||||
| Net income | $2,313 | $1,957 | $1,120 | Up 18% | Up 107% | ||||||
| Diluted earnings per share | $3.66 | $3.10 | $1.80 | Up 18% | Up 103% | ||||||
NVIDIA’s outlook for the second quarter of fiscal 2022 is as follows:
- Revenue is expected to be $6.30 billion, plus or minus 2 percent.
- GAAP and non-GAAP gross margins are expected to be 64.6 percent and 66.5 percent, respectively, plus or minus 50 basis points.
- GAAP and non-GAAP operating expenses are expected to be approximately $1.76 billion and $1.26 billion, respectively.
- GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $50 million.
- GAAP and non-GAAP tax rates are both expected to be 10 percent, plus or minus 1 percent, excluding any discrete items. GAAP discrete items include excess tax benefits or deficiencies related to stock-based compensation, which are expected to generate variability on a quarter-by-quarter basis.
Highlights
