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Leading designer of graphics chips Nvidia (NASDAQ:NVDA) beat analysts' expectations in Q1 CY2024, with revenue up 262% year on year to $26.04 billion. On top of that, next quarter's revenue guidance ($28 billion at the midpoint) was surprisingly good and 4.3% above what analysts were expecting. It made a non-GAAP profit of $6.12 per share, improving from its profit of $1.09 per share in the same quarter last year.
Communications chips maker Qorvo (NASDAQ: QRVO) reported Q1 CY2024 results exceeding Wall Street analysts' expectations, with revenue up 48.7% year on year to $941 million. On the other hand, next quarter's revenue guidance of $850 million was less impressive, coming in 8% below analysts' estimates. It made a non-GAAP profit of $1.39 per share, improving from its profit of $0.26 per share in the same quarter last year.
Semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) missed analysts' expectations in Q1 CY2024, with revenue down 7.2% year on year to $1.37 billion. On the other hand, next quarter's outlook exceeded expectations with revenue guided to $1.45 billion at the midpoint, or 4.3% above analysts' estimates. It made a GAAP profit of $0.24 per share, improving from its profit of $0.18 per share in the same quarter last year.
Chip manufacturer NXP Semiconductors (NASDAQ: NXPI) reported results in line with analysts' expectations in Q1 CY2024, with revenue flat year on year at $3.13 billion. The company expects next quarter's revenue to be around $3.13 billion, in line with analysts' estimates. It made a non-GAAP profit of $3.24 per share, improving from its profit of $3.19 per share in the same quarter last year.