NVIDIA Reports Strong Financial Performance for Q1 FY2025
Record Revenue of $26.0B, Up 18% Sequentially and 26% Annually
NVIDIA Corporation (NVDA) has announced its financial results for the first quarter of fiscal 2025, ending April 28, 2024, with record revenue of $26.0 billion. This represents an 18% increase from the previous quarter and a 26.2% year-over-year growth.
Key Financial Metrics:
- Revenue: $26.0 billion, up 18% sequentially and 26.2% annually
- Adjusted Earnings Per Share (EPS): $0.516, up from $0.483 in Q4 2024
- Net Income: $2.21 billion, up 18% year-over-year
Key Growth Drivers:
NVIDIA's growth was primarily driven by strong demand for its data center processors, gaming products, and automotive chips.
- Data Center: Revenue from data center processors grew by 23% sequentially and 33% annually, driven by increased adoption of artificial intelligence (AI) and cloud computing.
- Gaming: Revenue from gaming products increased by 15% sequentially and 24% annually, fueled by the launch of new gaming consoles and the popularity of NVIDIA's GeForce RTX series graphics cards.
- Automotive: Revenue from automotive chips increased by 10% sequentially and 48% annually, driven by rising demand for self-driving and assisted driving features.
Outlook for Q1 FY2025:
NVIDIA expects revenue for the first quarter of fiscal 2025 to be $24.0 billion, plus or minus 2%.
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