NVIDIA Q1 2025 Earnings Report
Key Takeaways
NVIDIA reported record revenue for Q1 2025, driven by strong growth in the data center segment and advancements in AI technologies. The company announced a ten-for-one stock split and a significant increase in its quarterly cash dividend.
Record quarterly revenue of $26.0 billion, up 262% from a year ago.
Record quarterly Data Center revenue of $22.6 billion, up 427% from a year ago.
GAAP earnings per diluted share was $5.98, up 629% from a year ago.
Non-GAAP earnings per diluted share was $6.12, up 461% from a year ago.
NVIDIA
NVIDIA
Forward Guidance
NVIDIA's outlook for the second quarter of fiscal 2025 includes revenue of $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. GAAP and non-GAAP operating expenses are expected to be approximately $4.0 billion and $2.8 billion, respectively. 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.
Positive Outlook
- Revenue is expected to be $28.0 billion, plus or minus 2%.
- GAAP gross margins are expected to be 74.8%, plus or minus 50 basis points.
- Non-GAAP gross margins are expected to be 75.5%, plus or minus 50 basis points.
- GAAP other income and expense are expected to be an income of approximately $300 million.
- Non-GAAP other income and expense are expected to be an income of approximately $300 million.
Challenges Ahead
- GAAP operating expenses are expected to be approximately $4.0 billion.
- Non-GAAP operating expenses are expected to be approximately $2.8 billion.
- GAAP tax rates are expected to be 17%, plus or minus 1%, excluding any discrete items.
- Non-GAAP tax rates are expected to be 17%, plus or minus 1%, excluding any discrete items.
- Full-year operating expenses are expected to grow in the low-40% range.