NVIDIA Announces Record First-Quarter Revenue

26.2% Year-Over-Year Growth Driven by Strong Demand

Quarterly Revenue Reaches $22.1 Billion

SANTA CLARA, Calif. – February 21, 2024 – NVIDIA (NASDAQ: NVDA) today reported record revenue for the first quarter of fiscal 2025, ended April 28, 2024. Revenue was US$26 billion, up 18% from the previous quarter and a remarkable 26.2% increase from the same period last year.

This growth is attributed to strong demand across all segments, particularly in gaming, data center, and automotive. The gaming segment saw a notable 50% increase in revenue, driven by the launch of NVIDIA’s new GeForce RTX™ 4000 series graphics cards. The data center segment also performed well, with revenue increasing by 25% due to increased adoption of NVIDIA’s AI-powered chips for cloud computing and machine learning applications. Additionally, the automotive segment surged by 30%, indicating growing demand for NVIDIA’s autonomous driving and infotainment platforms.

NVIDIA’s strong financial performance underscores the company’s continued leadership in the technology industry. Its innovative products and advancements in AI, gaming, and automotive technologies further solidify its position as a key player shaping the future of computing.