TECH - Nvidia's Q1 Results Blow Post Estimates Dividend Hiked By 150% Announcw | Benzinga
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 hot stock rose in after-hours.
Nvidia’s Key Q1 Metrics:
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 ...