NVIDIA announces record revenue and increase in dividend, forward stock split
From Nvidia: 2024-05-22 16:20:00
NVIDIA reports record quarterly revenue of $26.0 billion, up 18% from Q4 and 262% from a year ago. Data Center revenue hits $22.6 billion, up 23% from Q4 and 427% from a year ago. Quarterly cash dividend raised 150% to $0.01 per share on a post-split basis. Forward stock split becomes effective June 7, 2024. CEO Jensen Huang anticipates significant growth in AI. NVIDIA’s Q1 fiscal 2025 sees GAAP earnings per diluted share at $5.98, up 21% from Q4 and 629% from last year. Non-GAAP earnings per diluted share at $6.12, up 19% from Q4 and 461% from last year. NVIDIA announces a ten-for-one forward stock split to make ownership more accessible. Trading expected to start on a split-adjusted basis on June 10, 2024. Quarterly cash dividend increased by 150% to $0.10 per share of common stock. Revenue for Q1 fiscal 2025 reaches $26.0 billion, up 18% from Q4 and 262% from a year ago. Gross margin stands at 78.4%, up 2.4 points from Q4. Operating expenses increased to $3.5 billion, up 10% from Q4. Net income hits $14.9 billion, up 21% from Q4. NVIDIA announces forward stock split and dividend increase alongside record quarterly revenue growth. CEO Jensen Huang highlights the company’s potential for growth in AI. Q1 fiscal 2025 sees strong financial performance with earnings per diluted share increasing significantly. NVIDIA forecasts revenue of $28.0 billion for Q2 fiscal 2025. Data Center and Gaming sectors drive growth in Q1 with revenue increases across the board. CEO Jensen Huang expresses confidence in the company’s progress and future growth potential. CFO Colette Kress provides commentary on the quarter’s financial results. Conference call and webcast scheduled for investors and analysts to discuss financial performance. Non-GAAP measures used to supplement NVIDIA’s financial statements. The company aims to enhance understanding of its financial performance through non-GAAP measures.
Read more at Nvidia: NVIDIA Announces Financial Results for First Quarter Fiscal 2025