We are gearing up for the largest wave of new products in our history with new GPU, CPU, DPU, and robotics processors ramping in the second half.

Still, Huang highlighted the company's promising slate of new offerings due out later this year, and he remains optimistic that powerful trends will continue to fuel Nvidia's long-term expansion. Nvidia noted that war in Europe and coronavirus-related lockdowns in China were likely to negatively affect its sales results by approximately $500 million. Management guided for revenue of roughly $8.1 billion, which was below Wall Street's estimates of more than $8.5 billion. Investors, however, appeared to focus more on Nvidia's financial forecast for its fiscal 2023 second quarter. Its adjusted earnings per share, in turn, increased 49% to $1.36. This, combined with Nvidia's strong sales growth, helped its adjusted operating income grow by 55% to $3.96 million.

Its adjusted gross margin actually rose by 90 basis points (1 basis point equals 0.01%) to 67.1%. Image source: Getty Images.ĭespite supply chain disruptions that have plagued the tech sector, Nvidia was able to manage its costs effectively. Nvidia's data center business is booming.

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