:max_bytes(150000):strip_icc()/NewsImage-NVIDIAPreview-final-2570de8a75db416b88f6520e7e5bc1fb.png "What You Need To Know Ahead of Nvidia’s Earnings Report")
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Key Takeaways
- Nvidia will report earnings for its fiscal first quarter of 2025 after the bell on Wednesday.
- The chipmaker’s revenue and net income are expected to have gained significantly from the year-ago period, according to analyst estimates compiled by Visible Alpha.
- Analysts anticipate the data center segment will sustain recent growth driven by artificial intelligence demand.
- The chipmaker could also provide updates about its new Blackwell platform announced in March.
Nvidia (NVDA) is set to report earnings for its fiscal first quarter of 2025 after the bell Wednesday, with investors likely to be watching for sustained growth in its data center segment and any updates on the new Blackwell platform.
Analysts project Nvidia’s revenue to be $24.65 billion for the first quarter of fiscal 2025, up from the previous quarter and more than tripling from the year-ago period, according to consensus estimates compiled by Visible Alpha.
Net income is expected to be $12.87 billion, growing from the final quarter of fiscal 2024 and well above the $2.04 billion in profit it recorded a year ago. Analysts expect diluted earnings per share (EPS) to come in at $5.17 for the first quarter, compared to 82 cents in the year-ago period.
| Analyst Estimates for Q1 FY25 | Q4 FY24 | Q1 FY24 | |
| Revenue | $24.65 billion | $22.1 billion | $7.19 billion |
| Diluted Earnings Per Share | $5.17 | $4.93 | $0.82 |
| Net Income | $12.87 billion | $12.29 billion | $2.04 billion |
Key Metric: Data Center Revenue
Nvidia has positioned itself as an early beneficiary of the artificial intelligence (AI) boom, even receiving a shoutout from ChatGPT maker OpenAI at its recent GPT-4o launch.
Nvidia’s data center segment has grown rapidly amid increased demand for its advanced computing chips capable of running AI workloads. Data center revenue reached a record-high $18.4 billion in the fourth quarter, beating the record it had set the prior quarter and more than five times what it was a year earlier. The company estimated that around 40% of the data center revenue in fiscal 2024 was for AI inference.
For data centers that are “optimized for throughput, NVIDIA delivers an order-of-magnitude reduction in cost and power,” CEO Jensen Huang wrote in a letter to shareholders.
The data center segment could reach a fresh record of $21.17 billion in revenue for the first quarter of fiscal 2025, according to estimates compiled by Visible Alpha.
Business Spotlight: Blackwell Ramp
Nvidia unveiled the Blackwell platform, the company’s latest AI-powering technology, at its annual GPU technology conference (GTC) in March.
The platform included a Blackwell GPU, which the company said is the “world’s most powerful chip,” new Tensor Cores for large language model (LLM) inference, new accelerators, and the GB200 Grace Blackwell Superchip.
Nvidia hasn’t provided specifics about pricing or general availability of the new system but said Blackwell would be available through its partners, including Amazon (AMZN), Microsoft (MSFT), and Alphabet’s (GOOGL) Google, later this year.
The chipmaker has struggled to meet surging demand for its AI-capable chips, and analysts anticipate that could continue to be the case.
Nvidia shares have gained about 90.5% since the start of the year, at $943.46 as of Thursday’s close.