Nvidia's first-quarter revenue was $81.62 billion, an 85% year-over-year increase.

CoinFeed, May 21st - According to a report by Cailian Press, Nvidia released its first fiscal quarter results after the market closed on Wednesday (Eastern Time). Both revenue and profit exceeded analysts' expectations, and the outlook for the second fiscal quarter also surpassed expectations. The report showed that in the first fiscal quarter of this year, Nvidia reported earnings per share (EPS) of $1.87, exceeding analysts' expectations of $1.77; revenue was $81.62 billion, exceeding analysts' expectations of $79.18 billion, representing a year-on-year increase of 85%. For the second fiscal quarter, Nvidia expects revenue to be between $89.1 billion and $92.8 billion. Wall Street's previous expectation was $87.3 billion. The company returned $20 billion to shareholders in the first quarter through stock buybacks and dividends. Nvidia also announced an additional $80 billion in stock buyback authorization and increased the quarterly dividend to $0.25 per share.