Nvidia Reports Record Q1 Earnings with EPS of $6.12, Announces 10-for-1 Stock Split, and Positive Q2 Forecast

May 22, 2024, 08:25 PM

Nvidia reported record Q1 2025 earnings, with revenue reaching $26 billion, a 262% year-over-year increase, surpassing estimates of $24.69 billion. The company's earnings per share (EPS) also exceeded expectations, coming in at $6.12 compared to the estimated $5.65. This growth was primarily driven by a 427% increase in data center revenue, which totaled $22.6 billion. Nvidia announced a 10-for-1 stock split, effective June 7, 2024, and raised its quarterly dividend by 150% to $0.01 per share on a post-split basis. The company also provided an optimistic outlook for Q2 2025, forecasting revenue of $28 billion, above the estimated $26.8 billion. Following the earnings announcement, Nvidia's stock initially fell to $918/share but quickly surged to a record high of $998/share.