NVIDIA Releases Strong Q1 Report, Surpassing Expectations

TapTechNews May 23rd news, early this morning, NVIDIA released the report of the first fiscal quarter of fiscal year 2025 as of April 28, and all data comprehensively exceeded the expected state.

NVIDIA achieved revenue of 26 billion US dollars in the first fiscal quarter, an increase of 262% compared to the same period last year. Analysts previously expected 24.65 billion US dollars; net profit was 14.81 billion US dollars, a year-on-year increase of 628%, corresponding to a net profit of 5.98 US dollars per share. Analysts' prior expectation was 5.59 US dollars per share; the gross profit margin reached 78.4%, compared to 76% in the previous quarter and 64.6% in the same period last year.

NVIDIA's intraday increase reached 10%, and it has cumulatively risen by 110% so far in 2024, and the total market capitalization is approaching 2.6 trillion US dollars.

It is worth mentioning that the market capitalization of NVIDIA has now exceeded the sum of all German listed companies. According to the data of FactSet, as of Wednesday, the total market capitalization of major listed companies in Germany is about 2.315 trillion euros (TapTechNews note: currently about 2.51 trillion US dollars).