Nvidia Q1 Revenue Up 85% to $81.6B, Shares Dip 5% Post-Earnings
NVDA•Nvidia’s Q1 revenue rose 85% to $81.6 billion with 139% earnings growth, but its shares fell 5% post-earnings despite an $80 billion buyback and 25x dividend boost, trading at 17x forward earnings. Meanwhile, memory peers like Micron face technical climactic-top signals.
1. Q1 Earnings Overview
Nvidia reported Q1 revenue of $81.6 billion, up 85% year-over-year, and GAAP earnings surged 139%, driven by accelerated GPU sales for AI and data center applications. The company cited robust demand for its H100 and A100 chips across hyperscale customers.
2. Market Reaction and Valuation
Despite record results, Nvidia’s share price declined 5% on profit-taking and mixed guidance, leaving the stock trading at roughly 17x projected 2027 earnings. The board approved an $80 billion buyback and a 25-fold dividend increase to bolster shareholder returns.
3. Memory Peers' Technical Indicators
Micron and Sandisk have shown triple-digit EPS growth but exhibit technical ‘climactic top’ patterns, trading over 200% above their 200-day averages and surging analyst coverage. These signals may foreshadow a near-term pullback in the broader semiconductor rally.
