TECH - Nvidia Reports Beat-And-Raise Q1 Announces 150% Dividend Hike 10-For-1 Stock Split (UPDATED) | Benzinga
Editor’s note: this story has been updated with additional details.
Nvidia Corp. (NASDAQ:NVDA), which is spearheading the artificial intelligence revolution, reported Wednesday after the close first-quarter results that climbed past lofty expectations amid ever-increasing demand for its AI accelerators. The guidance for the second quarter also exceeded expectations. The company announced a 10-for-1 stock split and hiked its quarterly dividend by 150%. Reacting to the results, Nvidia’s stock rose in after-hours trading.
Nvidia’s Key Q1 Metrics: Revenues climbed to a record, thanks to record Data Center revenue, fueled by strong demand for its high-performance AI accelerators.
Q1’25 Consensus* Guidance Y-o-Y Growth Q-o-Q Growth
Revenue $26.04B $24.64B $24B +/- 2% 262% +18%
Non-GAAP EPS $6.12 $5.59 N/A +461% +19%
Non-GAAP
gross margin78.9% N/A 77% +/- 50 bps +2.2 bps +12.1 bps
“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 CEO Jensen Huang.
“AI will bring significant productivity gains to nearly every industry and help companies be more cost- and energy-efficient, while expanding revenue opportunities.”
Ahead of the results, analysts were worried about the imminent launch of its next-gen AI accelerators codenamed Blackwell denting demand for the existing H200 lineup.
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Nvidia’s Q3 Performance By Segment: Data Center notched up a record, with revenue rising by over 400%. Within the segment.
Revenue Y-o-Y Growth Q-o-Q ...