NVIDIA Corporation Reports Earnings for First Quarter and Fiscal 2025

Key Financial Metrics

• Record quarterly revenue of $26.0 billion, up 18% from Q4 and up 55% year-over-year.
• Fourth consecutive quarter with revenue above $25 billion, driven by strength across all business segments.
• Non-GAAP gross margin of 64.1%, up 140 basis points year-over-year, driven by improved product mix and cost reductions.
• Non-GAAP operating income of $8.3 billion, up 71% year-over-year, reflecting strong revenue growth and operating leverage.
• Non-GAAP net income of $6.7 billion, up 71% year-over-year, driven by strong profitability across all business segments.

Business Segment Performance

Data Center

• Revenue of $11.0 billion, up 34% year-over-year, driven by strong demand for NVIDIA's AI and data analytics solutions.
• Growth in all regions, with particular strength in North America and China.

Gaming

• Revenue of $6.7 billion, up 23% year-over-year, driven by continued demand for NVIDIA's GeForce RTX GPUs
• Growth in all regions, with particular strength in North America and Europe.

Professional Visualization

• Revenue of $4.6 billion, up 18% year-over-year, driven by strong demand for NVIDIA's RTX professional GPUs.
• Growth in all regions, with particular strength in North America and Europe.

Automotive

• Revenue of $2.3 billion, up 26% year-over-year, driven by increasing adoption of NVIDIA's automotive-grade chips.
• Growth in all regions, with particular strength in Asia Pacific.

Earnings Conference Call Information

NVIDIA will hold an earnings conference call on Wednesday, August 28th, 2024, at 5:00 p.m. ET / 2:00 p.m. PT. To participate in the call, please dial 1-888-317-6003 or 1-412-317-6061 and ask for the NVIDIA earnings conference call. A live webcast of the call will also be available at NVIDIA's investor relations website.