NVIDIA Announces First Quarter Fiscal 2025 Financial Results

 

 

Key Highlights:

• Record Revenue: $26.0 billion, an 18% increase from Q4 and a 262% rise from the previous year.
• Data Center Revenue: $22.6 billion, up 23% from Q4 and up 427% year-over-year.
• Stock Split: A ten-for-one stock split effective June 7, 2024.
• Increased Dividend: Quarterly cash dividend raised by 150% to $0.01 per share post-split.

Financial Performance:

• Revenue: $26.0 billion, up 18% from the previous quarter and 262% from the previous year.
• GAAP Earnings: $5.98 per diluted share, up 21% from Q4 and 629% from a year ago.
• Non-GAAP Earnings: $6.12 per diluted share, up 19% from Q4 and 461% from a year ago.

CEO Commentary:

Jensen Huang, founder and CEO of NVIDIA, stated, "The next industrial revolution is underway, driven by AI and accelerated computing. Our data center growth is powered by high demand for generative AI on the Hopper platform, expanding into multiple billion-dollar markets."

Future Outlook:

• Revenue: Expected to be $28.0 billion in Q2 FY25.
• Gross Margins: GAAP: 74.8%, Non-GAAP: 75.5%.
• Operating Expenses: GAAP: $4.0 billion, Non-GAAP: $2.8 billion.
• Tax Rates: Approximately 17%.

Business Segments:

1. Data Center:

   • Revenue: $22.6 billion.
   • Key Developments: Launched Blackwell platform and Spectrum-X for large-scale AI.

2. Gaming and AI PCs:

   • Revenue: $2.6 billion.
   • Key Updates: Introduced AI gaming technologies and optimizations for RTX AI PCs.

3. Professional Visualization:

   • Revenue: $427 million.
   • Key Innovations: New RTX GPUs for AI workflows and Omniverse Cloud APIs.

4. Automotive and Robotics:

   • Revenue: $329 million.
   • Highlights: Next-gen DRIVE Thor platform and Project GR00T for humanoid robots.

Additional Information:

• NVIDIA will host a conference call to discuss these results at 2 p.m. Pacific time today. The call will be webcast live on NVIDIA's investor relations website.

Financial Tables:

GAAP Summary:

Metric	Q1 FY25	Q4 FY24	Q1 FY24	Q/Q Change	Y/Y Change
Revenue	$26.04B	$22.10B	$7.19B	Up 18%	Up 262%
Gross Margin	78.4%	76.0%	64.6%	Up 2.4 pts	Up 13.8 pts
Operating Income	$16.91B	$13.62B	$2.14B	Up 24%	Up 690%
Net Income	$14.88B	$12.29B	$2.04B	Up 21%	Up 628%
Diluted EPS	$5.98	$4.93	$0.82	Up 21%	Up 629%

Non-GAAP Summary:

Metric	Q1 FY25	Q4 FY24	Q1 FY24	Q/Q Change	Y/Y Change
Revenue	$26.04B	$22.10B	$7.19B	Up 18%	Up 262%
Gross Margin	78.9%	76.7%	66.8%	Up 2.2 pts	Up 12.1 pts
Operating Income	$18.06B	$14.75B	$3.05B	Up 22%	Up 492%
Net Income	$15.24B	$12.84B	$2.71B	Up 19%	Up 462%
Diluted EPS	$6.12	$5.16	$1.09	Up 19%	Up 461%

Important Events:

• Stock Split: Effective June 7, 2024, NVIDIA will implement a ten-for-one forward stock split.
• Dividend Increase: The quarterly cash dividend is raised by 150% to $0.01 per share post-split, payable on June 28, 2024.