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Form 8-K · Current Report · Filed 2024-08-28

NVIDIA Announces Record Q2 Revenue of $30.0 Billion and Solid Financial Outlook

NVIDIA Corporation reported a record quarterly revenue of $30.0 billion for Q2 FY2025, marking a 15% increase from the previous quarter and a 122% increase from the same period last year.

Filer
Nvidia Corporation NVDA · NASDAQ
Filed
Accession
0001045810-24-000262
CIK
0001045810
Signal
Medium impactTechnology

Details

The company's Data Center segment revenue reached a new high of $26.3 billion. GAAP earnings per diluted share were $0.67, up 12% sequentially and 168% year-over-year. Non-GAAP earnings per diluted share were $0.68, up 11% sequentially and 152% year-over-year. For Q3 FY2025, NVIDIA expects revenue of $32.5 billion, plus or minus 2%, with GAAP and non-GAAP gross margins expected to be 74.4% and 75.0%, respectively.

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Beat General Statement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$128.30

Next session

-8.3%

Since filing

+56.5%

Latest close

$200.75

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from NVDA reporting the same item, with the next session's move:

Exhibits (2)

About Nvidia Corporation

Nvidia Corporation is a leading technology company that specializes in the design and production of graphics processing units (GPUs) and integrated circuit technologies. Its GPUs are primarily known for their high performance in rendering graphics, making them a vital component in gaming, professional visualization, data centers, and autonomous machines. Founded in 1993, the company has a significant presence in sectors such as gaming, data science, machine learning, and artificial intelligence, where computational power is paramount. Nvidia’s product line includes the GeForce series for gaming and the Quadro series for professional graphics. Beyond hardware, the company offers software solutions like CUDA, a parallel computing platform enabling dramatic increases in computing performance by harnessing the power of the GPU. As a major player in the semiconductor industry, Nvidia is pivotal in advancing AI applications, powering deep learning frameworks, and fostering developments in fields like self-driving cars and high-performance computing. The firm, headquartered in Santa Clara, California, influences both consumer technology markets and the broader computing industry landscape.

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