Nvidia today announced its first-quarter financial report, which exceeded market expectations and resulted in its stock price breaking the $1000 mark for the first time. This article will summarize the highlights of the financial report and the conference call.
Summary:
Nvidia, the leading US technology company, released its first-quarter financial report for 2025 today. The report data exceeded market expectations, causing the stock price to rise by 6% to $1007 in after-hours trading.
According to Nvidia’s official press release, the first-quarter financial report exceeded market expectations in the following aspects:
– Revenue reached $26 billion, a year-on-year increase of 262%, surpassing the market expectation of $24.69 billion.
– Adjusted earnings per share were $6.12, surpassing Wall Street’s expectation of $5.65.
– Net profit was $14.88 billion, a year-on-year increase of 628%.
– In addition, Nvidia expects its revenue for the next quarter to reach $28 billion, exceeding the market expectation of $26.61 billion.
Furthermore, the main source of revenue for Nvidia in the first quarter was the data center division, which generated $22.6 billion in revenue, a year-on-year increase of 427% and accounting for 86.9% of the company’s total revenue. The revenue of other divisions were as follows:
– Gaming division: $2.65 billion in revenue, an 18% increase.
– Professional visualization division: $0.427 billion in revenue, a 45% increase.
– Automotive division: $0.329 billion in revenue, an 11% increase.
Nvidia also announced a stock split in which 1 share will be divided into 10 shares. After the split, the dividend will be increased by 150%, from $0.04 per share to $0.1 per share. The stock split is expected to be executed on June 7.
Apart from the better-than-expected financial data, the remarks made by Nvidia CEO Jensen Huang during the conference call were also noteworthy. Here are four highlights from this quarter’s financial report:
1. Blackwell platform to generate revenue this year: Nvidia announced that the Blackwell platform has been fully put into production and is expected to be delivered to customers this year. Huang also stated that Blackwell architecture GPUs will be shipped in the second quarter and production will increase in the third quarter. It is anticipated that Blackwell will bring in a significant amount of revenue for Nvidia in the fourth quarter.
2. Eliminating concerns about demand gap: With the launch of Blackwell, some investors may worry that Nvidia’s customers will choose to wait for Blackwell and forgo purchasing Hopper, leading to a sales gap for Nvidia. Huang emphasized in the conference call that Blackwell is compatible with the Hopper architecture system, meaning that customers can easily transition from Hopper to Blackwell.
3. Rise of sovereign AI and multimodal business: Nvidia stated that sovereign AI and new multimodal capabilities are driving the company’s further development. Kress mentioned in the conference call that the importance of artificial intelligence has attracted the attention of every country. With the deployment of sovereign AI worldwide, data center revenue will continue to diversify. Nvidia expects sovereign AI revenue to increase from zero last year to billions of dollars this year.
4. New “annual generation” chips: Huang revealed in the conference call that after Blackwell, Nvidia will not only launch new chips but also accelerate the pace of chip architecture updates, transitioning from a two-year cycle to a one-year cycle.
Inspired by Nvidia’s financial report, AI concept tokens in the cryptocurrency market have seen good gains. Among them, TAO token performed particularly well, currently priced at $456.24, with a 9.6% increase in the past 24 hours. However, tokens like ICP and RNDR experienced a subsequent decline after an initial surge following the financial report, with a decrease of 2.9% and 3.3% respectively in the past 24 hours.
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