NVIDIA's Q1 net profit surged 628% year-on-year, with the stock price breaking through $1000 after hours
Nvidia announced its financial results for the first quarter of the 2025 fiscal year, with both sales and profits exceeding expectations. The first quarter revenue reached $26 billion, a year-on-year increase of 262%; net profit was $14.88 billion, a year-on-year increase of 628%. The company expects second quarter revenue to reach $28 billion. The stock price rose nearly 7% after hours, breaking through $1000. Nvidia announced a stock split and increased quarterly dividends. With giants like Google purchasing Nvidia GPUs, data center sales increased by 427% year-on-year. The company's CFO stated that there is a shortage of new chip supply, which may continue into next year
According to the financial news from Zhitong Finance APP, NVIDIA (NVDA.US) announced its financial report for the first quarter of the 2025 fiscal year after the US stock market closed on Wednesday, showing that its sales and profits exceeded expectations, and made a strong forecast for the second quarter. The company's stock price rose nearly 7% after hours, breaking through $1000.
Based on the financial report, NVIDIA's revenue in the first quarter reached $26 billion, a year-on-year increase of 262%; net profit was $14.88 billion, a year-on-year increase of 628%. The company expects revenue in the second quarter to reach $28 billion, with market expectations at $26.61 billion. Gaming revenue for this quarter was $2.6 billion, with market expectations at $2.62 billion.
NVIDIA announced a "1 for 10" stock split and increased its quarterly dividend by 150% to $0.01 per share (adjusted for the split). Over the past year, with giants like Google (GOOGL.US, GOOG.US) and OpenAI purchasing billions of dollars worth of NVIDIA GPUs, the company's sales have soared, with data center sales increasing by 427% year-on-year to reach $19.4 billion. Colette Kress, the company's CFO, attributed this to the shipment of Hopper GPUs, including the H100 GPU.
NVIDIA expects second-quarter revenue to be $28 billion, with a fluctuation of 2% up or down, while market expectations are at $26.8 billion. The company stated that the new chip Blackwell has been fully put into production, and the demand for H200 and Blackwell far exceeds supply, a situation that may continue into next year. While the supply situation for H100 GPUs has improved, there is still a shortage of H200 supply