Technology

NVIDIA Announces Financial Results for First Quarter Fiscal 2025   — Record quarterly revenue of $26.0 billion, up 18% from Q4 and up 262%      from a year ago   — Record quarterly Data Center revenue of $22.6 billion, up 23% from Q4 and      up 427% from a year ago   — Ten-for-one forward stock split effective June 7, 2024   — Quarterly cash dividend raised 150% to $0.01 per share on a post-split      basis SANTA CLARA, Calif., May 22, 2024 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today reported revenue for the first quarter ended April 28, 2024, of $26.0 billion, up 18% from the previous quarter and up 262% from a year ago. For the quarter, GAAP earnings per diluted share was $5.98, up 21% from the previous quarter and up 629% from a year ago. Non-GAAP earnings per diluted share was $6.12, up […]

Nvidia reported that sales more than tripled in its latest quarter, and it gave an outlook that pointed to a growing frenzy for the chips that underpin the artificial-intelligence boom. Revenue rose to $26 billion for the quarter, the company said, a record amount. Net profit was $14.88 billion, up from $2 billion a year before. The sales and profit were ahead of Wall Street estimates in a FactSet survey. The company’s outlook of around $28 billion in sales for its current fiscal quarter was also higher than anticipated — although they are set to only double as the company faces a tougher comparison with quarters after the AI boom began. Nvidia’s stock rose 4.4% in after-hours trading, a record high. Nvidia’s shares have more than tripled in the last 12 months, sending its valuation above $2 trillion. The company said Wednesday that it will split its stock 10-for-1, effective

Nvidia (NVDA) reported fiscal Q1 non-GAAP earnings late Wednesday of $6.12 per diluted share, up from $1.09 a year earlier. Analysts polled by Capital IQ expected $5.58. Revenue for the quarter ended April 28 was $26.04 billion, up from $7.19 billion a year earlier. Analysts surveyed by Capital IQ expected $24.59 billion. The company said it expects Q2 revenue of $28.0 billion, plus or minus 2%. Analysts polled by Capital IQ expect $26.84 billion. The company’s shares were rising past 2% in recent after-hours activity.

NVDA posted Apr-Q EPS of $5.98 vs. $0.82, a $5.64 consensus beat. Sales rose 262% to $26B, better than the $24.7B expectation, due to better-than-expected growth across its data center business ($22.6B above the $21.1B estimate). Within data centers, compute rose 478% and networking increased 242%. NVDA provided its Jul-Q revenue guide of $28B (implies 107% Y/Y growth), better than the $26.8B forecast, and a gross margin view of about 75% for the rest of the calendar year, near our view. Gaming was +18% ($2.6B; meeting our view), Professional Visualization was +45% ($427M; below the $479M consensus), and Autos was +11% ($329M; above the $292M consensus). Separately, NVDA reported a 10-for-1 stock split and hiked its quarterly dividend to $0.10/share from $0.04. We think the healthy beat/guidance points to ongoing momentum for NVDA’s Hopper GPUs, with no air pocket being seen, while Blackwell is likely to sell out well into

The following is a summary of the NVIDIA Corporation (NVDA) Q1 2025 Earnings Call Transcript: Financial Performance: NVIDIA reported Q1 revenue of $26 billion, an increase of 18% sequentially and up 262% year-over-year. The Data Center unit was the strongest performer with revenue of $22.6 billion, up 23% sequentially and 427% year-over-year. The company’s non-GAAP gross margins increased to 78.9%, driven by lower inventory targets. NVIDIA returned $7.8 billion to shareholders in Q1 via share repurchases and cash dividends. NVIDIA is forecasting total revenue of about $28 billion for Q2. Business Progress: NVIDIA sees automotive as a key growth vertical within the Data Center segment, expecting a multibillion-dollar opportunity. The new Spectrum-X Ethernet networking solution and Blackwell platform are now shipping. Growth is expected from Sovereign AI as nations increase domestic computing capacity. The enterprise adoption of AI solutions is increasing, as highlighted by Tesla’s expansion of the NVIDIA AI

By Ben Glickman Nvidia is set to report fiscal first-quarter results after the market closes Wednesday. Here’s what you need to know. PROFIT: The chipmaker is expected to post a profit of $13.15 billion, up from $2.04 billion a year earlier, according to the consensus of 27 analysts polled by FactSet. REVENUE: The Santa Clara, Calif.-based company is seen with revenue of $24.59 billion, up from $7.19 billion a year earlier, according to 44 analysts polled by FactSet. The company previously guided for first-quarter revenue of $24 billion, plus or minus 2%. ADJUSTED EARNINGS: Stripping out certain one-time items, Nvidia is expected to post a per-share profit of $5.60, according to 43 analysts polled by FactSet. Nvidia stock rose over 40% in its fiscal third quarter, and was recently trading around $949.20. WHAT TO WATCH –Nvidia’s revenue has grown at a breakneck pace in the last year, aided by surging

We up our 12-month target to $1,100 from $1,000, on a P/E of 35x our CY 25 EPS view, above peers but below historical given our view of improving FCF (+$55B in FY 25 and +$70B in FY 26). We up our FY 25 (Jan.) EPS estimate to $25.47 from $25.00 and FY 26’s to $31.62 from $31.25. Ahead of Apr-Q results on 5/22, we look for EPS of $5.64 on revenue of $24.6B (+242% Y/Y). We see upside to data center assumptions ($21.1B; up 395% Y/Y and 86% of revenue), driven by higher cloud capex spend and greater enterprise GenAI adoption. We believe NVDA’s content growth story has more room to go driven by ongoing shift toward AI servers, early days for CPU expansion, and addressable market upside tied to new software applications/greater focus on energy efficiency/TCO benefits. Concerns that seem unwarranted include order softness ahead of Blackwell (happens