Nvidia's first-quarter results have surpassed Wall Street expectations, driven by massive demand for its artificial intelligence chips. The company reported revenue of $26 billion, up 18% from the previous quarter and 262% year-over-year, while net income rose to $14.9 billion, or $5.98 per share, beating analyst estimates of $5.59 per share.
Strong Performance Across Segments
The data center segment, which includes AI chips, generated $22.6 billion in revenue, up 23% from the previous quarter and 427% from a year ago. Gaming revenue was $2.6 billion, down 8% sequentially but up 18% year-over-year. Professional visualization and automotive segments also showed growth.
Outlook and Future Growth
Nvidia expects second-quarter revenue of $28 billion, plus or minus 2%, above the average analyst estimate of $26.6 billion. The company highlighted continued strong demand for its Hopper and upcoming Blackwell architecture GPUs, which are essential for training and deploying large AI models.
CEO Jensen Huang stated, "We are seeing incredible momentum across all areas of our business, as AI is driving a fundamental shift in computing. The next industrial revolution has begun."
- Revenue: $26 billion, up 18% QoQ and 262% YoY
- Net income: $14.9 billion, up 21% QoQ and 628% YoY
- Data center revenue: $22.6 billion, up 23% QoQ and 427% YoY
- Gaming revenue: $2.6 billion, down 8% QoQ but up 18% YoY
The company also announced a 10-for-1 stock split and increased its quarterly dividend by 150%. Nvidia's shares rose over 6% in after-hours trading following the earnings release.
