PANews reported on May 23 that according to The Paper, Nvidia's latest first quarter financial report for fiscal year 2025 ending April 28 showed that revenue during the period was $26.044 billion, up 262% year-on-year, far higher than the market's expectation of $24.7 billion; net profit was $14.881 billion, up 628% year-on-year, higher than the expected $12.9 billion; non-GAAP diluted earnings per share were $5.98, up 629% year-on-year, higher than the expected $5.19. At the same time, the company provided guidance for the next quarter's performance, predicting that sales in the second quarter of fiscal year 2025 will reach $28 billion, up or down 2%, higher than the market's expectation of $26.6 billion. Nvidia also announced that it will pay a quarterly dividend, with the dividend per share rising from 4 cents in the previous quarter to 10 cents. In addition, Nvidia announced a 10-for-1 stock split plan. After the close of trading on June 7, shareholders holding Nvidia common stock will receive an additional nine shares, which will begin trading on a split-adjusted basis starting June 10. In the first fiscal quarter, Nvidia repurchased a total of $7.7 billion worth of shares and paid $98 million in dividends.
NVIDIA CEO Jensen Huang said: "The next industrial revolution has begun - companies and countries are working with NVIDIA to transform traditional data centers worth trillions of dollars into accelerated computing and build a new type of data center - AI factory. To produce this new commodity. AI will bring significant productivity improvements to nearly every industry, helping companies expand revenue opportunities while improving cost and energy efficiency.”
