NVIDIA reported a record quarterly revenue of $26.0 billion, an 18% increase from the previous quarter and a 262% increase from a year ago. The company’s data center revenue also hit a record $22.6 billion, up 23% from the previous quarter and up 427% from a year ago. NVIDIA’s CEO, Jensen Huang, attributed the growth to strong demand for AI training and inference on the Hopper platform. The company also announced a ten-for-one forward stock split and a 150% increase in its quarterly cash dividend.
- Record quarterly revenue of $26.0 billion, up 18% from Q4 and up 262% from a year ago
- Record quarterly Data Center revenue of $22.6 billion, up 23% from Q4 and up 427% from a year ago
- Ten-for-one forward stock split effective June 7, 2024
- Quarterly cash dividend raised 150% to $0.01 per share on a post-split basis
NVIDIA’s Record-Breaking Financial Performance in Fiscal Q1 2025
NVIDIA, a prominent player in the technology industry, has reported a record-breaking financial performance for the first quarter of fiscal 2025. The company’s revenue reached an unprecedented $26.0 billion, marking an 18% increase from the previous quarter and a staggering 262% rise from the same period a year ago. This impressive growth is largely attributed to the company’s data center revenue, which also set a record at $22.6 billion, up 23% from the previous quarter and a remarkable 427% from a year ago.
The company’s GAAP earnings per diluted share were $5.98, a 21% increase from the previous quarter and a 629% increase from a year ago. Meanwhile, non-GAAP earnings per diluted share were $6.12, up 19% from the previous quarter and up 461% from a year ago. These figures reflect NVIDIA’s robust financial health and its successful strategies in navigating the market.
NVIDIA’s Strategic Moves and Future Growth
NVIDIA’s CEO, Jensen Huang, attributes the company’s success to the ongoing industrial revolution, where companies and countries are shifting from traditional data centers to accelerated computing. NVIDIA is at the forefront of this shift, building AI factories that produce artificial intelligence as a new commodity. The company’s data center growth was driven by strong demand for generative AI training and inference on the Hopper platform, expanding to various sectors including consumer internet companies, enterprise, sovereign AI, automotive, and healthcare.
Looking ahead, NVIDIA is poised for its next wave of growth. The company’s Blackwell platform is in full production and forms the foundation for trillion-parameter-scale generative AI. Additionally, NVIDIA’s new software offering, NVIDIA NIM, delivers enterprise-grade, optimized generative AI to run on CUDA everywhere, from the cloud to on-prem data centers and RTX AI PCs.
NVIDIA’s Stock Split and Dividend Increase
To make stock ownership more accessible to employees and investors, NVIDIA announced a ten-for-one forward stock split of NVIDIA’s issued common stock. The split will result in a proportionate increase in the number of shares of authorized common stock. Each record holder of common stock as of the close of market on Thursday, June 6, 2024, will receive nine additional shares.
In addition to the stock split, NVIDIA is increasing its quarterly cash dividend by 150% from $0.04 per share to $0.10 per share of common stock. The increased dividend is equivalent to $0.01 per share on a post-split basis and will be paid on Friday, June 28, 2024, to all shareholders of record on Tuesday, June 11, 2024.
NVIDIA’s Q2 2025 Outlook
For the second quarter of fiscal 2025, NVIDIA expects revenue to be $28.0 billion, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be in the mid-70% range. Operating expenses are expected to grow in the low-40% range. The company’s tax rates are expected to be 17%, plus or minus 1%, excluding any discrete items.
NVIDIA’s Achievements and Collaborations
NVIDIA has made significant progress in various areas since its previous earnings announcement. In the data center sector, the company unveiled the NVIDIA Blackwell platform and the Blackwell-powered DGX SuperPODâ„¢ for generative AI supercomputing. NVIDIA also expanded collaborations with AWS, Google Cloud, Microsoft, and Oracle to advance generative AI innovation.
In the gaming and AI PC sector, NVIDIA introduced new AI gaming technologies at GDC for NVIDIA ACE and Neural Graphics. The company also announced more blockbuster games that will incorporate RTX technology.
In the professional visualization sector, NVIDIA introduced NVIDIA RTXâ„¢ 500 and 1000 professional Ada generation laptop GPUs for AI-enhanced workflows. The company also unveiled NVIDIA Omniverseâ„¢ Cloud APIs to power industrial digital twin software tools.
In the automotive and robotics sector, NVIDIA announced partnerships with BYD, XPENG, GAC’s AION Hyper, Nuro, and others for their next-generation consumer and commercial electric vehicle fleets. The company also introduced the Project GR00T foundation model for humanoid robots and major Isaac robotics platform updates.
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