NVIDIA Announces Financial Results for First Quarter and Fiscal 2025
Record Quarterly Revenue of $26.0 Billion, Up 18%
NVIDIA Corporation (NVDA) today reported revenue for the first quarter ended April 28, 2024, of $26.0 billion, up 18% from the previous quarter and 22% year-over-year. This marks a record quarterly revenue for the company.
Key Financial Highlights
NVIDIA's revenue growth was driven by strong demand for its products across all major segments:
- Gaming: Revenue increased by 19% to $16.1 billion.
- Data Center: Revenue grew by 14% to $8.7 billion.
- Professional Visualization: Revenue increased by 12% to $1.2 billion.
GAAP net income was $6.3 billion, compared to $6.6 billion in the previous quarter and $5.6 billion in the year-ago quarter.
Adjusted net income was $6.9 billion, compared to $7.2 billion in the previous quarter and $6.1 billion in the year-ago quarter.
Management Commentary
"NVIDIA achieved record revenue for the quarter and fiscal year, driven by strong demand for our AI and accelerated computing platforms," said Jensen Huang, founder and CEO of NVIDIA. "We continue to see significant growth opportunities in all our markets, and we are well-positioned to capitalize on them with our leading technology and strong ecosystem partnerships."
Outlook
For the second quarter of fiscal 2025, NVIDIA expects revenue to be approximately $27.0 billion, plus or minus 2%. This represents a year-over-year growth of 11% to 17%.
NVIDIA's strong financial performance reflects the continued growth of the AI and accelerated computing markets. The company's leading technology and strong ecosystem partnerships position it well for continued success in the future.
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