From NVIDIA News: 2024-08-28 16:20:00

NVIDIA reported record quarterly revenue of $30.0 billion, up 15% from Q1 and 122% from a year prior. Data Center revenue was also a record $26.3 billion, up 16% from Q1 and 154% from a year ago. CEO Jensen Huang stated strong demand for Hopper and anticipation for Blackwell. The company returned $15.4 billion to shareholders in the first half of fiscal 2025. It has $7.5 billion remaining under its share repurchase authorization. Additionally, the Board of Directors approved an additional $50.0 billion in share repurchase authorization. NVIDIA will pay a quarterly cash dividend of $0.01 per share on October 3, 2024. The company completed a ten-for-one forward stock split on June 7, 2024.
In Q2 Fiscal 2025, revenue was $30.04 billion, with GAAP earnings per diluted share of $0.67 and non-GAAP earnings per diluted share of $0.68. The outlook for Q3 includes an expected revenue of $32.5 billion, with operating expenses growing in the mid to upper-40% range for the full year. NVIDIA saw progress in Data Center, Gaming and AI PC, Professional Visualization, and Automotive and Robotics. The full list of accomplishments includes record quarterly revenues, several product announcements, and collaborations with industry leaders.
Those seeking more information can listen to a conference call at 2 p.m. Pacific time (5 p.m. Eastern time) today. A webcast will be accessible on NVIDIA’s investor relations website. To help investors compare current results with previous periods, the company uses non-GAAP financial measures like non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP net income, and free cash flow.



Read more at NVIDIA News: NVIDIA Announces Financial Results for Second Quarter Fiscal 2025