Nvidia Corporation (NASDAQ: NVDA) announced outstanding financial results for the first quarter of fiscal year 2025, powered by soaring demand for its AI-focused products and technologies.
Key Financial Highlights:
- Revenue: $26.04 billion, up 262% year-over-year and 18% from the previous quarter.
- Net Income: $14.88 billion ($5.98 per diluted share), a dramatic increase compared to $2.04 billion ($0.82 per share) in the same quarter last year.
- Data Center Revenue: $22.6 billion, rising 427% year-over-year, driven by sales of the Hopper GPU platform tailored for AI workloads.
- Gaming Revenue: $2.65 billion, an 18% increase year-over-year, despite a slight seasonal decline from the prior quarter.
Strategic Updates:
- Launched the Blackwell platform, designed to support large-scale generative AI applications with trillion-parameter models.
- Expanded AI infrastructure globally, partnering with cloud providers including AWS, Microsoft Azure, Google Cloud, and Oracle.
- Announced a 10-for-1 stock split and increased quarterly dividends by 150%, underscoring strong confidence in future growth.
Outlook:
For Q2 FY2025, Nvidia expects revenue of approximately $28 billion, with gross margins near 75%. Despite challenges like U.S. export restrictions affecting shipments to China, Nvidia’s leadership in AI hardware keeps it well-positioned for continued success.
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