NVIDIA Reports Earnings, Revenue Surge for Q1
Strong Quarters Continue for Graphics Chipmaker
Record Quarterly Revenue
NVIDIA Corporation (NASDAQ: NVDA) announced its financial results for the first quarter of fiscal 2025, ending April 28, 2024. The company reported record quarterly revenue of $26.0 billion, an increase of 18% from the previous quarter and 53% year-over-year.
Strong Earnings Performance
GAAP diluted earnings per share (EPS) for the quarter was $4.93, up 33% from the previous quarter and a remarkable 76% increase from the same period last year. The company attributed this strong performance to continued demand for its graphics chips across various sectors, including gaming, data center, and automotive.
Outlook for the Future
NVIDIA remains optimistic about its future prospects. The company expects to continue benefiting from the growing adoption of artificial intelligence (AI) and machine learning (ML) applications. Its focus on innovation and high-performance computing is expected to drive further growth in the coming quarters.
Investors and industry analysts will be closely watching NVIDIA's next earnings report, scheduled for May 22, 2024, after market close. The report will provide updates on the company's performance and insights into its strategic plans for the remainder of fiscal 2025.
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