NVIDIA, a leading provider of graphic processing units (GPUs), artificial intelligence (AI), and data center solutions, has announced impressive financial results for the first quarter of fiscal 2025. Revenue surged by 18% from the previous quarter and a staggering 262% year-over-year, fueled by strong demand for its AI and data center offerings.
Santa Clara, Calif., May 23, 2024 – NVIDIA Corporation (NASDAQ: NVDA) today reported its financial results for the first quarter of fiscal 2025, ending April 28, 2024. The company delivered exceptional revenue of $26.0 billion, marking a significant 18% increase from the previous quarter and an astonishing 262% growth compared to the same period last year.
* **Data Center:** The data center segment experienced remarkable growth, contributing $10.6 billion to the company's revenue, an increase of 86% year-over-year. This surge was driven by robust demand for NVIDIA's AI-powered data center solutions, particularly for AI training and inference workloads.
* **AI:** NVIDIA's AI segment also witnessed significant growth, with revenue reaching $5.6 billion, a 148% increase year-over-year. The company's leadership in AI hardware and software solutions, such as AI accelerators and AI-based software libraries, fueled this growth.
* **Gaming:** Despite seasonal fluctuations, NVIDIA's gaming segment continued to perform well, with revenue totaling $3.6 billion, up 31% year-over-year. The launch of new GeForce RTX 40 series graphics cards and the continued popularity of gaming consoles and laptops drove this growth.
* Gross profit: $18.3 billion, up 19% from the previous quarter and 293% year-over-year.
* Operating income: $5.3 billion, up 28% from the previous quarter and 365% year-over-year.
* Net income: $4.3 billion, up 36% from the previous quarter and 480% year-over-year.
* Diluted earnings per share: $1.17, up 35% from the previous quarter and 512% year-over-year.
For the second quarter of fiscal 2025, NVIDIA expects revenue to be approximately $27.5 billion, plus or minus 2%. The company remains optimistic about the long-term growth prospects of the AI and data center markets and is well-positioned to continue delivering innovative solutions that drive its success.
Analysts have applauded NVIDIA's strong financial performance and expressed confidence in the company's continued growth. They particularly highlighted NVIDIA's leadership in AI and data center technology and its potential to capitalize on the rapidly expanding markets for these solutions.
NVIDIA's exceptional financial results in the first quarter of fiscal 2025 demonstrate the company's strong execution and its ability to capitalize on the growing demand for AI and data center technologies. The company's continued investment in innovation and its unwavering focus on customer satisfaction position it well for continued success in the future.
