Nvidia(NVDA) - 2025 Q1 - Quarterly Results

Revenue Growth - Record quarterly Data Center revenue of $22.6 billion, up 23% from Q4 and up 427% from a year ago[1] - Record quarterly revenue of $26.0 billion, up 18% from Q4 and up 262% from a year ago[2] - First-quarter revenue reached a record $22.6 billion, up 23% quarter-over-quarter and 427% year-over-year[54] Dividend and Stock Split - NVIDIA is increasing its quarterly cash dividend by 150% from $0.04 per share to $0.10 per share of common stock[4] - NVIDIA announced a ten-for-one forward stock split effective June 7, 2024[14] Financial Projections - Revenue is expected to be $28.0 billion, plus or minus 2%[5] - GAAP and non-GAAP operating expenses are expected to be approximately $4.0 billion and $2.8 billion, respectively[6] - GAAP and non-GAAP gross margins are expected to be 74.8% and 75.5%, respectively, plus or minus 50 basis points[16] - Expected GAAP and non-GAAP other income and expense to be approximately $300 million, excluding gains and losses from non-affiliated investments[60] Segment Performance - First-quarter Gaming revenue was $2.6 billion, down 8% from the previous quarter and up 18% from a year ago[22] - First-quarter Automotive revenue was $329 million, up 17% from the previous quarter and up 11% from a year ago[26] AI and Computing Platforms - NVIDIA achieved progress with the NVIDIA Blackwell platform to fuel a new era of AI computing at trillion-parameter scale[18] - The Blackwell platform is in full production and forms the foundation for trillion-parameter-scale generative AI[59] - Expanded collaborations with AWS, Google Cloud, Microsoft, and Oracle to advance generative AI innovation[61] - Unveiled NVIDIA RTX A400 and A1000 GPUs for desktop workstations, based on the NVIDIA Ampere architecture, to bring AI to design and productivity workflows[62] - Introduced the Project GR00T foundation model for humanoid robots and major Isaac robotics platform updates[66] Financial Performance Metrics - Diluted net income per share (GAAP) for Q1 FY25 was $5.98, up 21% from Q4 FY24 and 629% from Q1 FY24[53] - GAAP net cash provided by operating activities in Q1 FY25 was $15.345 billion, compared to $11.499 billion in Q4 FY24 and $2.911 billion in Q1 FY24[36] - Free cash flow for Q1 FY25 was $14.936 billion, up from $11.217 billion in Q4 FY24 and $2.643 billion in Q1 FY24[36] - Non-GAAP gross margin for Q1 FY25 was 78.9%, up from 76.7% in Q4 FY24 and 66.8% in Q1 FY24[49] - GAAP operating income for Q1 FY25 was $16.909 billion, up 24% from Q4 FY24 and 690% from Q1 FY24[53] - Total liabilities increased to $27.930 billion in Q1 FY25 from $22.750 billion in Q4 FY24[47] Automotive and Robotics - BYD, XPENG, GAC's AION Hyper, Nuro, and others have chosen NVIDIA DRIVE Thor™ platform with Blackwell GPU architecture for next-generation electric vehicles[39] - NVIDIA announced partners are using its generative AI technologies to transform in-vehicle experiences[40] Marketable Securities and Investments - Proceeds from maturities of marketable securities amounted to $4,004 million, compared to $2,512 million in the previous period[69] - Purchases of marketable securities totaled $9,303 million, compared to $2,801 million in the previous period[69] - Net cash used in investing activities was $5,693 million, compared to $841 million in the previous period[69]