10:34 ET -- Nvidia is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Late Wednesday, the graphics-chip maker said its first-quarter sales crushed Wall Street's targets, mostly due to record data-center sales. The company earned an adjusted $1.09 a share on sales of $7.19 billion. Analysts polled by FactSet had expected 92 cents a share and $6.53 billion in sales. In the year-earlier period, Nvidia earned $1.36 a share on sales of $8.29 billion. It is projecting record sales for the current quarter and a recovery after consumer demand hit its core videogaming business. The company forecast $11 billion in sales for the current quarter, far above the $7.2 billion Wall Street expectations and what would be the highest quarterly total ever for the company. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
NVIDIA Corporation is the world leader in the design, development, and marketing of programmable graphics processors. The group also develops associated software. Net sales break down by family of products as follows:
- computing and networking solutions (55.9%): data center platforms and infrastructure, Ethernet interconnect solutions, high-performance computing solutions, platforms and solutions for autonomous and intelligent vehicles, solutions for enterprise artificial intelligence infrastructure, crypto-currency mining processors, embedded computer boards for robotics, teaching, learning and artificial intelligence development, etc.;
- graphics processors (44.1%): for PCs, game consoles, video game streaming platforms, workstations, etc. (GeForce, NVIDIA RTX, Quadro brands, etc.). The group also offers laptops, desktops, gaming computers, computer peripherals (monitors, mice, joysticks, remote controls, etc.), software for visual and virtual computing, platforms for automotive infotainment systems and cloud collaboration platforms.
Net sales break down by industry between data storage (55.6%), gaming (33.6%), professional visualization (5.7%), automotive (3.4%) and other (1.7%).
Net sales are distributed geographically as follows: the United States (30.7%), Taiwan (25.9%), China (21.5%) and other (21.9%).