NVIDIA Quarter Fiscal 2025: NVIDIA Announces Financial Results

NVIDIA Quarter Fiscal 2025 , Q1 Fiscal 2025, financial results, record revenue, data center growth, AI computing, stock split, quarterly earnings, Jensen Huang, NVIDIA Blackwell, NVIDIA Hopper

Discover NVIDIA’s record-breaking financial results for Q1 Fiscal 2025, with a staggering $26 billion revenue, significant growth in data center operations, and strategic initiatives in AI computing. Learn about the ten-for-one stock split and increased quarterly dividends, positioning NVIDIA for continued market dominance.

NVIDIA Corporation (NASDAQ: NVDA) has reported record-breaking financial results for the first quarter of fiscal 2025, ending April 28, 2024. The company posted a quarterly revenue of $26.0 billion, marking an 18% increase from the previous quarter and a staggering 262% rise compared to the same period last year. This remarkable growth underscores NVIDIA’s leadership in the accelerated computing and AI markets.

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Record Revenue and Earnings

The first quarter’s performance was characterized by significant increases across various financial metrics:

Revenue: $26.0 billion, up 18% quarter-over-quarter (QoQ) and 262% year-over-year (YoY).
GAAP Earnings Per Share (EPS): $5.98, up 21% QoQ and 629% YoY.
Non-GAAP EPS: $6.12, up 19% QoQ and 461% YoY.

NVIDIA’s gross margin for the quarter was 78.4% on a GAAP basis and 78.9% on a non-GAAP basis, reflecting strong operational efficiency and the high value of its products in the market.

Data Center Dominance

A key driver of NVIDIA’s extraordinary growth was its Data Center segment, which achieved a record revenue of $22.6 billion, up 23% from the previous quarter and an astonishing 427% from the previous year. This surge was primarily fueled by the increasing demand for generative AI training and inference on NVIDIA’s Hopper platform. The company’s data center solutions are now being adopted across various sectors, including consumer internet, enterprise, sovereign AI, automotive, and healthcare, creating multiple multibillion-dollar vertical markets.

CEO’s Vision

Jensen Huang, NVIDIA’s founder and CEO, highlighted the transformative impact of AI on industries worldwide. “The next industrial revolution has begun — companies and countries are partnering with NVIDIA to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center — AI factories — to produce a new commodity: artificial intelligence,” he said. Huang emphasized that AI will enhance productivity across industries, making companies more cost- and energy-efficient while expanding revenue opportunities.

Strategic Developments and Announcements

NVIDIA is poised for its next wave of growth with several strategic developments:

Blackwell Platform: The Blackwell platform is now in full production, providing the foundation for trillion-parameter-scale generative AI. This platform is expected to drive significant advancements in AI computing.
Spectrum-X: This new offering opens a market for large-scale AI in Ethernet-only data centers.
NVIDIA NIM: A new software solution that delivers enterprise-grade, optimized generative AI, capable of running on CUDA across a wide range of environments from cloud to on-premises data centers and RTX AI PCs.

Stock Split and Dividend Increase

In a move to make stock ownership more accessible, NVIDIA announced a ten-for-one forward stock split, effective June 7, 2024. This split will result in a proportional increase in the number of shares of authorized common stock. Each shareholder of record as of June 6, 2024, will receive nine additional shares for every share held, with trading on a split-adjusted basis starting June 10, 2024.

Additionally, NVIDIA has increased its quarterly cash dividend by 150%, raising it from $0.04 per share to $0.10 per share of common stock. Post-split, this dividend equates to $0.01 per share, payable on June 28, 2024, to shareholders of record on June 11, 2024.

Financial Summary

GAAP Results (in millions, except per share data)

Revenue: $26,044 (Q1 FY25), $22,103 (Q4 FY24), $7,192 (Q1 FY24)
Gross Margin: 78.4%
Operating Income: $16,909
Net Income: $14,881
Diluted EPS: $5.98

Non-GAAP Results (in millions, except per share data)

Revenue: $26,044 (Q1 FY25), $22,103 (Q4 FY24), $7,192 (Q1 FY24)
Gross Margin: 78.9%
Operating Income: $18,059
Net Income: $15,238
Diluted EPS: $6.12

Outlook for Q2 Fiscal 2025

NVIDIA’s outlook for the second quarter of fiscal 2025 is equally promising:

Revenue: Expected to be $28.0 billion, plus or minus 2%.
Gross Margins: GAAP at 74.8% and non-GAAP at 75.5%, plus or minus 50 basis points.
Operating Expenses: GAAP at approximately $4.0 billion and non-GAAP at $2.8 billion.
Other Income: Expected to be approximately $300 million.
Tax Rates: Both GAAP and non-GAAP tax rates expected to be 17%, plus or minus 1%.

Segment Highlights

Data Center

NVIDIA’s data center revenue reached $22.6 billion, driven by the Hopper platform and generative AI’s expansion into various industries. New products like the Blackwell-powered DGX SuperPOD and NVIDIA Spectrum X800 series switches were introduced, enhancing AI infrastructure capabilities.

Gaming and AI PC

First-quarter gaming revenue was $2.6 billion, reflecting an 8% decrease from the previous quarter but an 18% increase from the previous year. NVIDIA continues to innovate in gaming technologies, introducing AI gaming advancements and new performance optimizations for RTX AI PCs.

Professional Visualization

This segment saw revenue of $427 million, down 8% QoQ but up 45% YoY. NVIDIA launched new RTX GPUs for both laptops and desktops, enhancing AI-driven workflows and productivity.

Automotive and Robotics

Automotive revenue reached $329 million, up 17% QoQ and 11% YoY. NVIDIA’s DRIVE Thor and Orin platforms are being adopted by leading electric vehicle makers, advancing in-vehicle AI capabilities.

Conclusion

NVIDIA’s first quarter of fiscal 2025 showcases its dominant position in the accelerated computing and AI markets. The company’s strategic initiatives, robust financial performance, and visionary leadership position it well for continued growth and innovation in the AI-driven future.