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Nvidia to Report Earnings Next Week, What to Expect
Nvidia is set to release its fiscal first-quarter 2025 earnings report on Wednesday, May 22, 2024.
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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 and investors alike are eagerly awaiting the results. The company has consistently outperformed expectations in recent quarters, largely driven by the surging demand for AI-related products and services.
Nvidia Expected to Bring in $24.65 Billion in Revenue for Q1 FY25
Wall Street analysts project Nvidia’s revenue to reach a staggering $24.65 billion for Q1 FY2025, a significant increase from $7.19 billion in the same quarter last year.
The company’s net income is expected to soar to $12.87 billion, up from $2.04 billion a year ago, while earnings per share (EPS) are anticipated to be $5.17, a sharp increase from $0.82 in the year-ago period.
Nvidia has a track record of beating earnings expectations, having done so consistently in the past four quarters. The company’s data center segment has shown rapid growth, reaching a record high of $18.4 billion in Q4 FY2024, driven by the increasing demand for AI-capable chips and infrastructure.
Key Highlights and Investor Focus
Investors will be closely watching the performance of the data center segment, which is projected to achieve $21 billion in sales for Q1 FY2025. Updates on the highly anticipated Blackwell platform, Nvidia’s next-generation AI computing architecture, are also expected during the earnings call.
Market participants will be keen to gain insights into future performance expectations, particularly regarding the continued demand for AI-capable chips and overall market conditions. They will also focus on any revisions in earnings estimates and their potential impact on Nvidia’s stock price.
Do you think Nvidia will once again beat expectations with its Q1 earnings? Let us know in the comments below.
Disclaimer: The author does not hold or have a position in any securities discussed in the article.
Tim Fries
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
