On May 22, 2024, NVIDIA Corporation reported a record-breaking financial performance for the first quarter of fiscal year 2025, with a revenue of $26.0 billion, marking an 18% increase from the previous quarter and a staggering 262% rise from the same period a year earlier. The company's Data Center revenue reached a new high of $22.6 billion, up 23% from the previous quarter and up 427% year-over-year. NVIDIA's GAAP earnings per diluted share were $5.98, a 21% increase from the previous quarter and a 629% increase from the prior year. Non-GAAP earnings per diluted share were $6.12, up 19% from the previous quarter and up 461% year-over-year. NVIDIA's CEO, Jensen Huang, highlighted the company's role in the next industrial revolution, emphasizing the significant productivity gains...Show More

On May 22, 2024, NVIDIA Corporation reported a record-breaking financial performance for the first quarter of fiscal year 2025, with a revenue of $26.0 billion, marking an 18% increase from the previous quarter and a staggering 262% rise from the same period a year earlier. The company's Data Center revenue reached a new high of $22.6 billion, up 23% from the previous quarter and up 427% year-over-year. NVIDIA's GAAP earnings per diluted share were $5.98, a 21% increase from the previous quarter and a 629% increase from the prior year. Non-GAAP earnings per diluted share were $6.12, up 19% from the previous quarter and up 461% year-over-year. NVIDIA's CEO, Jensen Huang, highlighted the company's role in the next industrial revolution, emphasizing the significant productivity gains AI will bring to various industries. NVIDIA also announced a ten-for-one forward stock split to be effected on June 7, 2024, making stock ownership more accessible. The split will result in a proportionate increase in the number of shares of authorized common stock. Shareholders of record as of June 6, 2024, will receive nine additional shares for each share held, with trading on a split-adjusted basis beginning on June 10, 2024. Additionally, NVIDIA increased its quarterly cash dividend by 150%, from $0.04 to $0.10 per share of common stock, which on a post-split basis is equivalent to $0.01 per share, to be paid on June 28, 2024, to shareholders of record on June 11, 2024. The company's outlook for the second quarter of fiscal 2025 anticipates revenue to be around $28.0 billion, with gross margins expected to be in the mid 70% range for the full year.