Chipmaker Nvidia reports record revenue

Nvidia announced its financial results for the 3-month period ending April 28, which it considers the first quarter of its 2025 fiscal year.

Accordingly, the company's revenue in the period in question increased by 262 percent annually to 26 billion dollars, setting a new record.

Nvidia, which also increased its revenue by 18 percent compared to the previous quarter, had generated 7.2 billion dollars in revenue in the same quarter of last year.

Market expectations were for Nvidia's revenue in this period to be 24.5 billion dollars.

The chipmaker announced its revenue forecast for the current quarter as 28 billion dollars.

628 PERCENT INCREASE

Nvidia's net profit also rose by 628 percent annually in the quarter in question to 14.9 billion dollars. The company had generated a profit of 2 billion dollars in the same period last year.

The company's earnings per share, which were 82 cents in the fourth quarter of the last fiscal year, rose to 5.98 dollars in this period.

COMPANY TO UNDERGO STOCK SPLIT

Nvidia also announced that it will undergo a stock split to make share ownership more accessible to employees and investors.

Nvidia Founder and CEO Jensen Huang also emphasized in his statement regarding the company's financial results that companies and countries are partnering with Nvidia to shift their trillion-dollar traditional data centers to accelerated computing and to create a new type of data center to produce "a new commodity, artificial intelligence."

Pointing out that artificial intelligence will bring significant productivity gains to almost every sector, Huang stated, "Artificial intelligence will help companies become more cost and energy efficient while also increasing revenue opportunities."

As demand for artificial intelligence chips continues to rise, Nvidia's shares have gained approximately 92 percent in value since the beginning of the year, and the company's market value has exceeded 2.3 trillion dollars.

News Source: AA