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.