NVIDIA Posts Record First Quarter Fiscal 2025 Results
Data Centre Revenue Tops $22.6 Billion
NVIDIA Corporation has announced its financial results for the first quarter of fiscal 2025, sending waves through the market with record-breaking figures.
The period ending April 28, 2024, saw the US-based tech giant achieve unprecedented milestones, underscored by a remarkable quarterly revenue of $26.0 billion, marking an 18% surge from the previous quarter and an astonishing 262% leap from the corresponding period last year.
The unprecedented growth in data centre revenue boosted this impressive performance, which soared to a record-breaking $22.6 billion, marking a substantial 23% increase from the previous quarter and a staggering 427% surge from the same quarter in 2023.
This monumental achievement cements NVIDIA’s position as a powerhouse in accelerated computing, signalling a paradigm shift towards AI-driven data centres.
‘Next Industrial Revolution’
Jensen Huang, the visionary Founder, President and CEO of NVIDIA, attributed this phenomenal success to the onset of what he dubbed “the next industrial revolution”.
He stressed NVIDIA’s leading role in spearheading the transition towards AI-centric data centres, heralding a new era characterised by unparalleled productivity gains and revenue opportunities across diverse industries.
Of particular note is the exponential growth witnessed in generative AI training and inference, facilitated by NVIDIA’s revolutionary Hopper platform.
This surge in demand extends beyond traditional cloud service providers, encompassing consumer internet companies, enterprise entities, sovereign AI initiatives, automotive manufacturers, and healthcare providers.
This broadening scope underscores AI’s pervasive influence across diverse verticals, paving the way for robust market expansion and innovation.
Next Growth Phase
Huang elaborated on NVIDIA’s strategic initiatives poised to fuel its next growth phase, spotlighting the Blackwell platform as a cornerstone for trillion-parameter-scale generative AI.
Additionally, the introduction of Spectrum-X heralds a new frontier, facilitating the integration of large-scale AI capabilities into Ethernet-only data centres. Furthermore, NVIDIA NIM emerges as a game-changing software offering, furnishing enterprise-grade, optimised generative AI solutions that transcend traditional computing boundaries.
In a move to democratise stock ownership and bolster investor accessibility, NVIDIA has announced a ten-for-one forward stock split, effective June 7, 2024.
This initiative, realised through an amendment to NVIDIA’s Restated Certificate of Incorporation, promises to exponentially increase the number of shares of authorised common stock, thereby diversifying ownership and enhancing liquidity.
In a testament to NVIDIA’s commitment to shareholder value, the company also unveiled a significant enhancement to its dividend policy.
The quarterly cash dividend is set to increase by a staggering 150%, rising from $0.04 per share to $0.10 per share of common stock on a post-split basis. This generous dividend hike underscores NVIDIA’s robust financial position and unwavering dedication to rewarding its shareholders.
Projected Revenue
Amidst this financial juggernaut, NVIDIA offered a glimpse into its future trajectory, projecting revenue of $28.0 billion for the second quarter of fiscal 2025.
Furthermore, the company provided insights into anticipated gross margins, operating expenses, and tax rates, highlighting its commitment to sustained growth and operational excellence.
Beyond the financial realm, NVIDIA showcased remarkable progress across its core business segments, including data centres, gaming and AI PC, professional visualisation, and automotive and robotics. The company’s pursuit of innovation and market leadership underscores its pivotal role in shaping the future of computing and artificial intelligence.
NVIDIA specialises in designing and manufacturing graphics processing units (GPUs), system-on-a-chip units (SoCs), and related software.
In 1993, NVIDIA transformed computing by pioneering GPU-accelerated computing, enabling breakthroughs in AI, data science, gaming, and visualisation. Renowned for its GeForce graphics cards in gaming, NVIDIA’s technology powers supercomputers, autonomous vehicles, and cutting-edge AI applications.
With a commitment to innovation and excellence, NVIDIA pushes the boundaries of what is possible in technology, driving advancements that shape industries and enrich people’s lives worldwide.
Featured image: NVIDIA headquarters in Santa Clara, California. Credit: NVIDIA
