Reddit
NVIDIA Reports Strong First Quarter Results, Exceeding Expectations
Financial Performance Highlights
NVIDIA Corporation (NASDAQ: NVDA) released its financial results for the first quarter of fiscal 2025 on March 19, 2024. The company reported strong financial performance, exceeding analyst expectations.
Revenue for the quarter was $6.7 billion, an increase of 21% year-over-year and 4% sequentially. This beat analysts' estimates of $6.59 billion.
Net income for the quarter was $2.04 billion, or $1.09 per diluted share, compared to $1.48 billion, or $0.80 per diluted share, in the same period last year. This also exceeded analysts' estimates of $1.03 per diluted share.
Segment Performance
NVIDIA's Gaming segment continued to drive growth, with revenue increasing 28% year-over-year to $3.55 billion. The company attributed this growth to strong demand for new graphics cards and the launch of its RTX 40 series GPUs.
The Data Center segment also performed well, with revenue increasing 21% year-over-year to $2.28 billion. This was driven by strong demand for NVIDIA's GPUs for artificial intelligence and machine learning applications.
Outlook
NVIDIA provided guidance for the second quarter of fiscal 2025. The company expects revenue to be in the range of $6.55 billion to $6.85 billion and non-GAAP gross margin to be in the range of 66.2% to 67.2%. This is in line with analysts' expectations.
Overall, NVIDIA's first quarter results were strong and the company's outlook for the second quarter is positive. The company is well-positioned to continue to benefit from the growing demand for its GPUs in both the gaming and data center markets.
Youtube
Comments