NVIDIA Q1 Revenue Flat at $3080M with $917M Profit

SANTA CLARA, CA, May 26, 2020 – NVIDIA reported revenue for the first quarter ended April 26, 2020, of $3080M compared with $3,105M for the fourth quarter ended Jan 26, 2020. Net income was $917M.

Comparative analysis based on NVIDIA’s financial results in the last 12 quarters (Result source NVIDIA website)

Comparative analysis based on NVIDIA’s financial results in the last 12 quarters (Result source NVIDIA website)

“As the world battles COVID-19, we salute the first responders, healthcare workers, and service workers who courageously step in harm’s way to save lives and keep the world going,” NVIDIA founder and CEO Jensen Huang said. “We also thank the scientists around the world racing to find a vaccine for COVID-19.

“NVIDIA had an excellent quarter. The acquisition of Mellanox expands our cloud and data center opportunity. We raised the bar for AI computing with the launch and shipment of our Ampere GPU. And our digital GTC conference attracted a record number of developers, highlighting the accelerating adoption of NVIDIA GPU computing.

“Our Data Center business achieved a record and its first $1 billion quarter. NVIDIA is well positioned to advance the most powerful technology forces of our time – cloud computing and AI,” he said.

A complete chart of the financial results is available here.

About NVIDIA

NVIDIA’s invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI ― the next era of computing ― with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world.

For more information, visit website.

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