NVIDIA forecast $11 billion in revenue, plus or minus 2%, for fiscal 2024’s second quarter on 24 May. First-quarter sales were $7.192 billion for the period ended 30 April, down 13% annually.
Photo: © 2020 Will Buckner, “Nvidia sign”, 31 October 2020. CC BY 2.0. Cropped; historical headquarters sign, not launch imagery. No endorsement implied.
The forecast midpoint implies roughly 53% growth from the completed first quarter.
CFO commentary reports $4.284 billion in Data Center sales and $2.240 billion in Gaming.
NVIDIA links Data Center growth to generative AI demand, but networking declined. The segment includes revenue beyond generative AI.
Gaming’s annual decline reflects weaker demand and inventory adjustments; its quarterly rise reflects the RTX 40 rollout.
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