| Non-GAAP | |||||||||||
| ($ in millions, except earnings per share) | Q1 FY24 | Q4 FY23 | Q1 FY23 | Q/Q | Y/Y | ||||||
| Revenue | $ | 7,192 | $ | 6,051 | $ | 8,288 | Up 19% | Down 13% | |||
| Gross margin | 66.8 | % | 66.1 | % | 67.1 | % | Up 0.7 pts | Down 0.3 pts | |||
| Operating expenses | $ | 1,750 | $ | 1,775 | $ | 1,608 | Down 1% | Up 9% | |||
| Operating income | $ | 3,052 | $ | 2,224 | $ | 3,955 | Up 37% | Down 23% | |||
| Net income | $ | 2,713 | $ | 2,174 | $ | 3,443 | Up 25% | Down 21% | |||
| Diluted earnings per share | $ | 1.09 | $ | 0.88 | $ | 1.36 | Up 24% | Down 20% | |||
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NVIDIA Announces Financial Results for First Quarter Fiscal 2024
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