Aug 29, 2024 14:00:00

NVIDIA announces financial results for the second quarter of fiscal 2025, with sales up 122% year-on-year to over 4.3 trillion yen and data center division reaching a record high

On August 28, 2024 local time, NVIDIA announced its financial results for the second quarter of fiscal year 2025 (May to July 2024). It was reported that second-quarter sales increased 122% year-on-year and 15% from the previous quarter to $30.04 billion (approximately 4.34 trillion yen), the highest ever.

NVIDIA Announces Financial Results for Second Quarter Fiscal 2025 | NVIDIA Newsroom

https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2025

Nvidia (NVDA) earnings report Q2 2025
https://www.cnbc.com/2024/08/28/nvidia-nvda-earnings-report-q2-2025.html

NVIDIA's second quarter sales for fiscal year 2025 reached $30.04 billion, beating analysts' expectations of $28.7 billion (approximately 4.15 trillion yen). This figure is up 122% year-on-year and 15% from the previous quarter, marking three consecutive quarters of more than double year-on-year growth.

Diluted earnings per share also beat expectations at 67 cents, up 168% from the same period last year and up 12% from the previous quarter.

NVIDIA has made great strides with the recent AI boom, with its stock price soaring by about 240% in 2023 and 150% in 2024 alone. At the time of writing, its market capitalization is over $3 trillion (about 433 trillion yen), making it second only to Apple in market capitalization rankings.

NVIDIA's main business is the data center business, and its sales for the second quarter of fiscal year 2025 are expected to increase 154% year-on-year and 16% from the previous quarter to $26.3 billion (approximately 3.8 trillion yen). This figure exceeded analysts' expectations of $25.2 billion (approximately 3.64 trillion yen), making it the highest figure ever.

In 2022, NVIDIA announced

the Hopper GPU architecture, which has excellent AI processing performance, and launched the H100 GPU and H200 GPU equipped with Hopper as NVIDIA's flagship products. In March 2024, NVIDIA announced its first new GPU architecture in two years, Blackwell , and the Blackwell architecture-based GPU B200.

'Demand for Hopper remains strong and expectations for Blackwell are incredibly high,' said Jensen Huang, founder and CEO of NVIDIA. 'NVIDIA achieved record revenue as data centers around the world are at full throttle to modernize their entire computing stack with accelerated computing and generative AI.' Samples of Blackwell are already being shipped to partners and customers.

Huang also emphasized that NVIDIA is not only shipping hardware, but also products that support the infrastructure of the entire data center, such as Spectrum-X Ethernet , an Ethernet platform specialized for AI workloads, and NVIDIA AI Enterprise , a software suite for AI infrastructure, are being widely adopted.

NVIDIA expects sales to reach $32.5 billion in the third quarter of fiscal 2025, up 80% from the same period last year, beating analysts' forecasts of $31.7 billion.

In addition, NVIDIA's board of directors approved an additional $50 billion (approximately 7.22 trillion yen) in share repurchases on August 26, 2024.

NVIDIA's stock price fell by more than 6% in after-hours trading, as experts pointed out that this was because NVIDIA was expected to not only beat expectations but also 'significantly exceed expectations' in its next quarterly sales.