On May 22, 2024 - $NVIDIA (NVDA.US)$ shares rose 6% to $1006.435 in post-market trading on Wednesday, reported a record-breaking financial performance for the first quarter of fiscal year 2025, with a revenue of $26.0 billion, marking an 18% increase from the previous quarter and a staggering 262% rise from the same period a year earlier.
First Quarter Fiscal Year 2025 Financial Highlights
•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
•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 19% from the previous quarter and up 461% from a year ago.
“The next industrial revolution has begun — companies and countries are partnering with NVIDIA to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center — AI factories — to produce a new commodity: artificial intelligence,” said Jensen Huang, founder and CEO of NVIDIA. “AI will bring significant productivity gains to nearly every industry and help companies be more cost- and energy-efficient, while expanding revenue opportunities.
“Our data center growth was fueled by strong and accelerating demand for generative AI training and inference on the Hopper platform. Beyond cloud service providers, generative AI has expanded to consumer internet companies, and enterprise, sovereign AI, automotive and healthcare customers, creating multiple multibillion-dollar vertical markets.
“We are poised for our next wave of growth. The Blackwell platform is in full production and forms the foundation for trillion-parameter-scale generative AI. Spectrum-X opens a brand-new market for us to bring large-scale AI to Ethernet-only data centers. And NVIDIA NIM is our new software offering that delivers enterprise-grade, optimized generative AI to run on CUDA everywhere — from the cloud to on-prem data centers and RTX AI PCs — through our expansive network of ecosystem partners.”
NVIDIA’s outlook for the second quarter of fiscal 2025
•Revenue is expected to be $28.0 billion, plus or minus 2%.
•GAAP and non-GAAP gross margins are expected to be 74.8% and 75.5%, respectively, plus or minus 50 basis points. For the full year, gross margins are expected to be in the mid-70% range.
•GAAP and non-GAAP operating expenses are expected to be approximately $4.0 billion and $2.8 billion, respectively. Full-year operating expenses are expected to grow in the low-40% range.
•GAAP and non-GAAP other income and expense are expected to be an income of approximately $300 million, excluding gains and losses from non-affiliated investments.
•GAAP and non-GAAP tax rates are expected to be 17%, plus or minus 1%, excluding any discrete items.
Business Segment Highlights
Data Center
•First-quarter revenue was a record $22.6 billion, up 23% from the previous quarter and up 427% from a year ago.
•Unveiled the NVIDIA Blackwell platform to fuel a new era of AI computing at trillion-parameter scale and the Blackwell-powered DGX SuperPOD™️ for generative AI supercomputing.
•Announced NVIDIA Quantum and NVIDIA Spectrum™️ X800 series switches for InfiniBand and Ethernet, respectively, optimized for trillion-parameter GPU computing and AI infrastructure.
•Launched NVIDIA AI Enterprise 5.0 with NVIDIA NIM inference microservices to speed enterprise app development.
•Announced TSMC and Synopsys are going into production with NVIDIA cuLitho to accelerate computational lithography, the semiconductor manufacturing industry’s most compute-intensive workload.
•Announced that nine new supercomputers worldwide are using Grace Hopper Superchips to ignite new era of AI supercomputing.
•Unveiled that Grace Hopper Superchips power the top three machines on the Green500 list of the world’s most energy-efficient supercomputers.
•Expanded collaborations with AWS, Google Cloud, Microsoft and Oracle to advance generative AI innovation.
•Worked with Johnson & Johnson MedTech to bring AI capabilities to support surgery.
Gaming and AI PC
•First-quarter Gaming revenue was $2.6 billion, down 8% from the previous quarter and up 18% from a year ago.
•Introduced new AI gaming technologies at GDC for NVIDIA ACE and Neural Graphics.
•Unveiled new AI performance optimizations and integrations for Windows to deliver maximum performance on NVIDIA GeForce RTX AI PCs and workstations.
•Announced more blockbuster games that will incorporate RTX technology, including Star Wars Outlaws and Black Myth Wukong.
•Added support for new models, including Google’s Gemma, for ChatRTX, which brings chatbot capabilities to RTX-powered Windows PCs and workstations.
Professional Visualization
•First-quarter revenue was $427 million, down 8% from the previous quarter and up 45% from a year ago.
•Introduced NVIDIA RTX™️ 500 and 1000 professional Ada generation laptop GPUs for AI-enhanced workflows.
•Unveiled NVIDIA RTX A400 and A1000 GPUs for desktop workstations, based on the NVIDIA Ampere architecture, to bring AI to design and productivity workflows.
•Introduced NVIDIA Omniverse™️ Cloud APIs to power industrial digital twin software tools, including an expanded Siemens partnership, and a new framework for the Apple Vision Pro.
•Announced the adoption of the new Earth-2 cloud APIs by The Weather Company and the Central Weather Administration of Taiwan for high-resolution global climate simulations.
Automotive and Robotics
•First-quarter Automotive revenue was $329 million, up 17% from the previous quarter and up 11% from a year ago.
•Announced BYD, XPENG, GAC’s AION Hyper, Nuro and others have chosen the next-generation NVIDIA DRIVE Thor™️ platform, which now features Blackwell GPU architecture, to power their next-generation consumer and commercial electric vehicle fleets.
•Revealed U.S. and China electric vehicle makers Lucid and IM Motors are using the NVIDIA DRIVE Orin™️ platform for vehicle models targeting the European market.
•Announced an array of partners are using NVIDIA generative AI technologies to transform in-vehicle experiences.
•Introduced the Project GR00T foundation model for humanoid robots and major Isaac robotics platform updates.
2024 年 5 月 22 日-$英伟达 (NVDA.US)$ 周三盘后交易中,股价上涨6%,至1006.435美元,报告了2025财年第一季度的财务业绩破纪录,收入为260亿美元,比上一季度增长了18%,比去年同期增长了262%。
2025财年第一季度财务摘要
•创纪录的季度收入为260亿美元,比第四季度增长18%,比去年同期增长262%
•创纪录的季度数据中心收入为226亿美元,比第四季度增长23%,比去年同期增长427%
•十比一远期股票拆分将于2024年6月7日生效
•拆分后,季度现金分红提高了150%,至每股0.01美元
•GAAP摊薄后每股收益为5.98美元,比上一季度增长21%,比去年同期增长629%。
•非公认会计准则摊薄后每股收益为6.12美元,较上一季度增长19%,比去年同期增长461%。
NVIDIA创始人兼首席执行官黄仁森表示:“下一次工业革命已经开始——各公司和国家正在与NVIDIA合作,将价值数万亿美元的传统数据中心转向加速计算,并建造一种新型的数据中心——人工智能工厂,以生产一种新商品:人工智能。”“人工智能将为几乎所有行业带来显著的生产力提高,帮助公司提高成本和能效,同时扩大收入机会。
“Hopper平台上对生成式人工智能训练和推理的强劲且不断增长的需求推动了我们的数据中心增长。除了云服务提供商之外,生成式人工智能已扩展到消费互联网公司以及企业、主权人工智能、汽车和医疗保健客户,创造了多个价值数十亿美元的垂直市场。
“我们已经为下一波增长做好了准备。Blackwell平台已全面投入生产,为万亿参数规模的生成式人工智能奠定了基础。Spectrum-X 为我们将大规模人工智能引入仅限以太网的数据中心开辟了一个全新的市场。NVIDIA NIM 是我们的新软件产品,通过我们庞大的生态系统合作伙伴网络,提供企业级、经过优化的生成式人工智能,使其在云端到本地数据中心和 RTX AI PC 等任何地方的 CUDA 上运行。”
NVIDIA 对 2025 财年第二季度的展望
•收入预计为280亿美元,正负2%。
•GAAP和非GAAP毛利率预计分别为74.8%和75.5%,正负50个基点。全年毛利率预计将在-70%左右。
•GAAP和非GAAP运营支出预计分别约为40亿美元和28亿美元。全年运营支出预计将在-40%的低范围内增长。
•GAAP和非GAAP其他收入和支出预计为约3亿美元的收入,其中不包括非关联投资的损益。
•GAAP和非GAAP税率预计为17%,正负1%,不包括任何离散项目。
业务板块亮点
数据中心
•第一季度收入达到创纪录的226亿美元,比上一季度增长23%,比去年同期增长427%。
•推出了NVIDIA Blackwell平台,以推动万亿参数规模的人工智能计算新时代,并推出了基于布莱克威尔的用于生成式人工智能超级计算的DGX SuperPod ™️。
•发布了分别用于InfiniBand和以太网的NVIDIA Quantum和NVIDIA Spectrum ™️ X800系列交换机,针对万亿参数的GPU计算和人工智能基础设施进行了优化。
•推出了带有 NVIDIA NIM 推理微服务的 NVIDIA AI Enterprise 5.0,以加快企业应用程序的开发。
•宣布台积电和新思科技将与NVIDIA CuLitHo一起投入生产,以加速计算光刻,这是半导体制造行业计算密集度最高的工作负载。
•宣布全球有九台新的超级计算机正在使用Grace Hopper超级芯片来点燃人工智能超级计算的新时代。
•宣布Grace Hopper超级芯片为Green500全球最节能超级计算机名单上的前三台机器提供动力。
•扩大了与AWS、谷歌云、微软和甲骨文的合作,以推进生成式人工智能创新。
•与强生医疗科技合作,引入人工智能功能来支持手术。
游戏和人工智能 PC
•第一季度游戏收入为26亿美元,比上一季度下降8%,比去年同期增长18%。
•在GDC上为NVIDIA ACE和神经图形引入了新的人工智能游戏技术。
•推出了新的Windows人工智能性能优化和集成,以在NVIDIA GeForce RTX AI PC和工作站上提供最佳性能。
•宣布了更多采用RTX技术的重磅游戏,包括《星球大战亡命之徒》和《黑色神话悟空》。
•增加了对新机型(包括谷歌的Gemma)对ChatRTX的支持,ChatRTX为基于RTX的Windows电脑和工作站带来了聊天机器人功能。
专业可视化
•第一季度收入为4.27亿美元,比上一季度下降8%,比去年同期增长45%。
•推出了 NVIDIA RTX ™️ 500 和 1000 代 Ada 一代专业笔记本电脑 GPU,用于增强人工智能的工作流程。
•推出基于NVIDIA Ampere架构的适用于台式机工作站的NVIDIA RTX A400和 A1000 GPU,将人工智能引入设计和生产力工作流程。
•推出了NVIDIA Omniverse ™️ Cloud API,为工业数字双胞胎软件工具提供支持,包括扩大西门子合作伙伴关系,以及苹果Vision Pro的新框架。
•宣布气象公司和台湾中央气象局采用新的Earth-2云API,用于高分辨率的全球气候模拟。
汽车和机器人
•第一季度汽车收入为3.29亿美元,比上一季度增长17%,比去年同期增长11%。
•宣布比亚迪、小鹏、广汽集团的AION Hyper、Nuro等公司已选择下一代NVIDIA DRIVE Thor ™️ 平台来为其下一代消费类和商用电动汽车车队提供动力,该平台现在采用布莱克韦尔GPU架构。
•透露,美国和中国电动汽车制造商Lucid和IM Motors正在使用NVIDIA DRIVE Orin ™️ 平台生产针对欧洲市场的车型。
•宣布一系列合作伙伴正在使用NVIDIA生成式人工智能技术来改变车载体验。
•引入了 GR00T 项目人形机器人的基础模型和艾萨克机器人平台的主要更新。