NVIDIA reports record revenue in Q1 fiscal 2025, plans stock split and dividend increase.

From GlobeNewswire: 2024-05-22 16:20:00

NVIDIA reported record quarterly revenue of $26.0 billion, up 18% from Q4 and 262% from a year ago. Data Center revenue hit a record $22.6 billion, up 23% from Q4 and 427% from a year ago. A ten-for-one stock split will be effective on June 7, 2024, alongside a 150% increase in the quarterly cash dividend to $0.01 per share post-split. CEO Jensen Huang highlighted the shift to AI factories and strong growth in generative AI. NVIDIA’s outlook for Q2 fiscal 2025 includes expected revenue of $28.0 billion. In other sectors, Gaming revenue was $2.6 billion, down 8% from Q4 but up 18% annually. Automotive revenue rose 17% from Q4 to $329 million in Q1. CFO Colette Kress provided insights on the quarter, and a conference call will be held to discuss the financial results. NVIDIA uses non-GAAP measures to supplement GAAP financial statements and enhance understanding of historical performance. NVIDIA is known for its accelerated computing solutions and continues to innovate in AI and data centers.



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