NVIDIA (Nasdaq: NVDA) reported earnings on May 11. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 29 (Q1), NVIDIA met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.

Margins dropped across the board.

Revenue details
 NVIDIA chalked up revenue of $924.9 million. The 30 analysts polled by S&P Capital IQ predicted a top line of $916.5 million on the same basis. GAAP reported sales were 3.9% lower than the prior-year quarter's $962.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.16. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.16 per share. GAAP EPS of $0.10 for Q1 were 55% lower than the prior-year quarter's $0.22 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 50.1%, 30 basis points worse than the prior-year quarter. Operating margin was 7.9%, 820 basis points worse than the prior-year quarter. Net margin was 6.5%, 760 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $979.4 million. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $4.11 billion. The average EPS estimate is $0.90.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 5,256 members out of 5,478 rating the stock outperform, and 223 members rating it underperform. Among 1,192 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,161 give NVIDIA a green thumbs-up, and 31 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NVIDIA is outperform, with an average price target of $16.68.

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