Nvidia to Report Q1 Earnings Next Week; Revenue Forecast at $24.65 Billion

Nvidia (NASDAQ: NVDA), the global leader in Artificial Intelligence (AI) hardware and software, will release its fiscal first-quarter 2025 earnings report after the market closes on Wednesday, May 22, 2024. Analysts project Nvidia‘s revenue to reach $24.65 billion for Q1 FY2025, marking a significant increase from the previous year.

Nvidia Projects Strong Q1 Financial Results

Wall Street analysts are anticipating a strong performance from Nvidia. The projected revenue of $24.65 billion represents a substantial rise from $7.19 billion in the same quarter last year. This growth is largely attributed to the surging demand for AI-related products and services. Additionally, Nvidia’s net income is expected to soar to $12.87 billion, a dramatic increase from $2.04 billion a year ago. Earnings per share (EPS) are forecasted to be $5.17, up sharply from $0.82 in the previous year.

This impressive financial outlook reflects Nvidia’s robust market position and its ability to capitalize on the growing AI sector. The company has a history of exceeding earnings expectations, having done so consistently over the past four quarters. This trend has bolstered investor confidence and heightened anticipation for the upcoming earnings report.

AI Chip Demand Boosts Data Center Sales

Nvidia’s data center segment has been a key driver of its recent success. In Q4 FY2024, the data center segment reached a record high of $18.4 billion in sales, driven by increasing demand for AI-capable chips and infrastructure. For Q1 FY2025, sales in this segment are projected to hit $21 billion. This growth underscores the expanding market for AI technology and Nvidia’s ability to meet this demand.

The data center segment’s performance will be closely monitored by investors and analysts. Given its significant contribution to Nvidia’s overall revenue, the segment’s results are likely to have a considerable impact on the company’s stock price. Updates on the highly anticipated Blackwell platform, Nvidia’s next-generation AI computing architecture, are also expected during the earnings call. These updates could provide further insights into Nvidia’s future growth prospects and technological advancements.

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