Nvidia Corporation reported on Wednesday that its revenue for the first quarter of its fiscal 2025 skyrocketed 262% compared to the same period a year prior, to land at $26.0 billion, surpassing market estimates. Meanwhile, the company's net income stood at $15 billion, surging by 628% year-over-year, while its diluted earnings per share (EPS) soared by 629% to $5.98.
Nvidia's outlook for the second quarter is expected to land at $28.0 billion, with a possible difference of plus or minus 2%. For the full 2025, the company forecasts gross margins to be in the mid-70% range.
"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 […] We are poised for our next wave of growth. The Blackwell platform is in full production and forms the foundation for trillion-parameter-scale generative AI," CEO Jensen Huang commented.
Nvidia's stock jumped by 4.16% in after-hours trading following the release of the report, selling for $989.015 apiece.
