paśyanty ado rūpam adabhra-cakṣuṣā
This universal form of the Lord glows resplendently in his earrings (kunḍala). Great saints/ yogis see this universal form of the Lord with their jnana netra (divine eye). This is the first incarnation. This universal form is the incarnation as Adi Nārāyana.
from Srimad Bhagavatam – Day 13(Translations of Pujya Sri Ganapathy Sachchidananda Swamiji’s daily explanation of Srimad Bhagavatam on ETV from December 2015 onwards are compiled by Parimala Eshwarla)