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Nvidia Earnings Top Expectations As Sales Soar Amid Booming AI Demand

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Key Takeaways

  • Nvidia reported better-than-expected results for the first quarter of its 2025 fiscal year.
  • The company reported record-high revenue in its data center segment, making it the fifth straight quarter of record-setting results in the business.
  • The chipmaker also announced a 10-for-1 forward stock split to make its stock more accessible to employees and investors.
  • Nvidia’s stock price rose in extended trading Wednesday following the company’s earnings report.

Nvidia (NVDA) reported fiscal first-quarter earnings Wednesday that beat analysts’ expectations and surpassed the increasingly high bar set by investors, as data center sales surged to record high amid booming demand for artificial intelligence (AI). Shares gained following the release.

Nvidia reported record revenue of $26.04 billion for the fiscal first quarter, more than triple what it was in the year-ago period, and above analysts’ expectations, according to estimates compiled by Visible Alpha. Sales in Nvidia’s data center segment surged to $22.6 billion, quintupling year-over-year and breaking the record set the previous quarter.

Nvidia’s net income came in at $14.88 billion or $5.98 per share, versus $2.04 billion or 82 cents per share reported in the same period a year prior, also beating analysts’ projections.

   Q1 FY25  Analyst Estimates for Q1 FY25  Q1 FY24
 Revenue  $26.04 billion  $24.74 billion  $7.19 billion
Diluted Earnings Per Share $5.98  $5.19  82 cents
 Net Income  $14.88 billion  $12.91 billion  $2.04 billion

Along with its earnings beat, Nvidia announced a 10-for-1 forward stock split, meaning shareholders will get ten shares for each one they held before the split. The chipmaker said the stock split could help make the stock more accessible to employees and investors.

Each shareholder as of market close on Thursday, June 6, will receive nine additional shares of Nvidia’s common stock, to be distributed after market close the following day on Friday, June 7. The stock is expected to begin trading on a split-adjusted basis at market open on Monday, June 10.

The company also announced it will increase its quarterly cash dividend to 10 cents per share from 4 cents a share.

“The next industrial revolution has begun—companies and countries are partnering with NVIDIA to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center—AI factories—to produce a new commodity: artificial intelligence,” Nvidia CEO Jensen Huang said in the earnings release.

Nvidia shares were up 4% at $987.49 in extended trading as of 5 p.m. ET Wednesday following the company’s earnings release. They’ve nearly doubled in value so far this year.

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