According to PANews, Nvidia's latest financial report for the first quarter of fiscal year 2025, ending April 28, shows a significant increase in both revenue and net profit. The company reported revenue of $26.044 billion, a 262% increase year-on-year, surpassing market expectations of $24.7 billion. Net profit stood at $14.881 billion, a 628% increase year-on-year, exceeding the expected $12.9 billion. The non-GAAP diluted earnings per share were $5.98, a 629% increase year-on-year, higher than the expected $5.19.
In addition to these financial results, Nvidia also provided guidance for the next quarter, predicting that sales for the second quarter of fiscal year 2025 will reach $28 billion, a fluctuation of 2%, higher than the market expectation of $26.6 billion. The company also announced a quarterly dividend payout, with the dividend per share rising from 4 cents in the previous quarter to 10 cents. Furthermore, Nvidia announced a 1-for-10 stock split plan. After the close on June 7, shareholders holding Nvidia common stock will receive an additional nine shares, and trading will begin on a split-adjusted basis from June 10. In the first quarter, Nvidia repurchased $7.7 billion worth of stock and paid $98 million in dividends.
Nvidia CEO, Huang Renxun, stated that the next industrial revolution has begun, with enterprises and countries collaborating with Nvidia to transition traditional data centers worth trillions of dollars towards accelerated computing. This shift is aimed at establishing a new type of data center - AI factories, to produce AI, a new commodity. AI is expected to bring significant productivity improvements to almost all industries, helping businesses increase cost and energy efficiency while expanding revenue opportunities. He emphasized that they are at the starting point of the next wave of growth.
