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05/24/2024 |

Nvidia Reports Record Revenue and Announces Stock Split

This is an image of the Nvidia logo.
  • Revenue: $26.04 billion, up 262% YoY
  • Operating Income: $18.06 billion, up 492% YoY
  • Free Cash Flow: $14.94 billion, up 466% YoY
  • Earnings Per Share (EPS): $6.12, up 465% YoY
  • Dividend Increase: 150%
  • Stock Split: 10 to 1 split announced

Nvidia Achieves Record Quarterly Revenue

NVDA (Nvidia) reported a record revenue of $26.04 billion for Q1 2025, up 18% from the previous quarter and 262% year-over-year. The company’s data center revenue reached a record $22.6 billion, driven by strong demand for generative AI. GAAP earnings per diluted share were $5.98, a 21% increase from the previous quarter and up 629% from a year ago. Non-GAAP earnings per diluted share stood at $6.12, up 19% quarter-over-quarter and 461% year-over-year.

10-for-1 Stock Split

Nvidia‘s board approved a 10-for-1 stock split, effective June 7, 2024, to make stock ownership more accessible. Shareholders of record as of June 6 will receive nine additional shares for each share owned. The stock will begin trading on a split-adjusted basis on June 10. Additionally, Nvidia increased its quarterly cash dividend by 150% to $0.10 per share, or $0.01 on a post-split basis, payable on June 28.

Future Outlook and AI Market Expansion

Nvidia‘s outlook for Q2 2025 anticipates revenue of $28.0 billion, with gross margins expected to be in the mid-70% range. CEO Jensen Huang highlighted the company’s growth driven by AI demand, particularly in data centers and generative AI applications. Nvidia’s new platforms, including Blackwell and Spectrum-X, position the company for future growth. With AI market projections reaching $30.1 trillion by 2032, Nvidia is well-poised to capitalize on this expansion.