NVIDIA has reported revenue for Q1 of fiscal 2014, ended April 28, 2013, of US$954.7 million, down 13.7 percent from US$1.11 billion in Q4 of fiscal 2013.

GAAP earnings per diluted share were US$0.13, down 53.6 percent from US$0.28 in the prior quarter. Non-GAAP earnings per diluted share were US$0.18, down 48.6 percent from US$0.35 in the prior quarter.

As previously announced, NVIDIA plans to return in excess of $1 billion this fiscal year to shareholders in the form of share repurchases and quarterly dividend payments. During Q1, NVIDIA returned US$146.3 million to shareholders by repurchasing US$100 million of shares, and paying US$46.3 million of dividends, or US$0.075 per share.