The launch of popular titles like Far Cry 5, and Final Fantasy XV continue to drive excitement in the quarter. We also continue to see demand from upgrades, with about 35% of our installed base currently on our Pascal architecture. The gaming market remains robust and the popular battle royale genre is attracting a new wave of gamers to the GeForce platform.
Demand was strong and broad-based across regions and products. Revenue was $1.72 billion, up 68% year-on-year, and down 1% sequentially. Tegra Processor revenue rose 33% to $442 million. From a reporting segment perspective, Q1 GPU revenue grew 77% from last year to $2.77 billion. With GAAP gross margins at 64.5%, operating margin at 40.4%, and net income at $1.24 billion. Once again, all measures of profitability set records. Q1 revenue reached a record $3.21 billion, up 66% year-on-year, up 10% sequentially, and above our outlook of $2.9 billion. We had an excellent quarter with growth across all our performs, led by gaming and data center. With that, let me turn the call over to Colette.Ĭolette Kress - Executive Vice President and Chief Financial Officer You can find a reconciliation of these non-GAAP financial measures to GAAP financial measures in our CFO Commentary, which is posted on our website.
Except as required by law, we assume no obligation to update any such statements.ĭuring this call, we will discuss non-GAAP financial measures. All our statements are made as of today, May 10, 2018, based on information currently available to us. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release, our most recent Form 10, and the reports that we may file on Form 8-K with the Securities and Exchange Commission. These are subject to a number of significant risks and uncertainties, and our actual results may differ materially. It can't be reproduced or transcribed without our prior written consent.ĭuring this call, we may make forward-looking statements based on current expectations. The content of today's call is NVIDIA's property. With me on the call today from NVIDIA are Jensen Huang, President and Chief Executive Officer, and Colette Kress, Executive Vice President and Chief Financial Officer. Good afternoon everyone and welcome to NVIDIA's conference call for the first quarter of fiscal 2019. Simona Jankowski - Vice President, Investor Relations I'll now turn the call over to Simona Jankowski, Vice President of Investor Relations, to begin your conference.
To withdraw your question, press the # key. At this time, if you would like to ask a question, please press * then the number 1 on your telephone keypad. After the speakers' remarks, there will be question-and-answer period. Welcome to NVIDIA's Financial Results Conference Call. My name is Kelsey and I am your conference operator for today.
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