Nvidia Strong Quarter and Guidance Analysis

Nvidia delivered a strong 1Q beat across all major metrics and provided exceptionally bullish 2Q guidance, complemented by an $80bn buyback expansion.

Key Takeaways

• 1.Nvidia reported a significant beat in 1Q results and provided 2Q revenue guidance of $91.0bn, well above the Street consensus of $86.1bn.
• 2.The company announced improved capital allocation through an $80bn increase in its share buyback program and a dividend increase.
• 3.Nvidia has rebranded its reporting segments, replacing Gaming and Pro Vis with a new 'Edge Computing' segment which also beat expectations.

Table of Contents

• Key stock takeaways
• Quarterly results were above the Street
• 2Q revenue and gross margin guidance is above the Street
• Read-through to our coverage
• Price target and risks
• Disclosure Appendix
• Reg AC
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Price target and rating history chart(s)
• Target price history table(s)
• Regulatory disclosures
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

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