NVIDIA recently announced its financial results for the first quarter of fiscal year 2025, showcasing a record quarterly revenue of $26.0 billion, marking an 18% increase from the previous quarter and a remarkable 262% surge from the same period last year. The company also reported a record quarterly Data Center revenue of $22.6 billion, up by 23% from the previous quarter and an impressive 427% from a year ago.
One of the significant developments highlighted in the announcement is the ten-for-one forward stock split set to take effect on June 7, 2024. This move aims to make stock ownership more accessible to both employees and investors. Additionally, NVIDIA revealed that it is raising its quarterly cash dividend by 150%, from $0.01 per share to $0.10 per share on a post-split basis.
CEO and founder of NVIDIA, Jensen Huang, expressed enthusiasm about the company’s role in driving the next industrial revolution. He emphasized the partnership between NVIDIA and various companies and countries to transition traditional data centers into accelerated computing hubs, creating what he referred to as ‘AI factories’ to produce artificial intelligence as a new commodity.
Huang further elaborated on the significant impact of AI across industries, highlighting the potential for enhanced productivity, cost-efficiency, and revenue generation. He pointed out the growing demand for generative AI training and inference on the Hopper platform, extending beyond cloud service providers to encompass consumer internet companies, enterprise clients, sovereign AI initiatives, as well as automotive and healthcare sectors.
Looking ahead, NVIDIA is optimistic about its future growth prospects, citing the Blackwell platform as a key driver for trillion-parameter-scale generative AI. The company also introduced Spectrum-X, a new market opportunity to bring large-scale AI capabilities to Ethernet-only data centers. Additionally, NVIDIA NIM, a new software offering, aims to deliver optimized generative AI solutions across various computing environments, including cloud services, on-premises data centers, and RTX AI PCs.
In addition to the forward stock split and dividend increase, NVIDIA’s strategic initiatives position the company for continued expansion and innovation in the AI landscape. With a strong focus on advancing AI technologies across diverse sectors, NVIDIA remains poised for sustained growth and market leadership in the evolving digital ecosystem.
