Nvidia stock falls after missing on second-quarter guidance

Yahoo Finance's Jared Blikre examines Nvidia's Q1 earnings report and its stock movements in comparison to the rest of the semiconductor industry.

Video transcript

SEANA SMITH: We have some breaking news, earnings. Nvidia out with its most recent quarterly report. Jared Blikre, what are the numbers?

JARED BLIKRE: Right, stock is down 10% in afterhours trading, and that is on weak guidance. We're going to get to that in a second. But I first want to go over the first quarter numbers. Adjusted EPS was a beat, coming in at $1.36. And the estimate was for $1.30, so $0.06 beat right there. Revenue coming in at $8.29 billion. Also higher than the Street estimate of $8.1 billion. That is a 46% year over year increase.

And then in their two biggest segments, beats there as well. Data center revenue, $3.75 billion. Gaming revenue, $2.62 billion. Professional visualization revenue, $622 million. Small miss there, but it's a smaller part of its business. Now, adjusted gross margin, 67.1%. Estimate was for just 67%, so a beat there. And then, finally, that weak second quarter forecast, you're seeing revenue of $8.1 billion. The estimate was for higher at $8.44 billion.

Just want to show you the YFi Interactive right now. You're going to see our heat map of the chip stocks. A lot of green there. That's from earlier today. And those red boxes that you see underneath, those are today's results afterhours. So Nvidia down 9% now. Marvel down 3%. AMD down over 2%, guys.

SEANA SMITH: All right, Jared Blikre, thanks so much.