Nvidia Q1 Revenue Soars 85% to $81.6 Billion; Dividend Hiked 2,400%
Nvidia reported fiscal Q1 revenue of $81.6 billion, up 85% year-over-year, led by a record $75.2 billion in data center sales with networking revenue nearly tripling. The company raised its quarterly dividend from $0.01 to $0.25 per share and approved an $80 billion share repurchase.
1. Fiscal Q1 Results
Nvidia posted fiscal first-quarter revenue of $81.6 billion, an 85% increase year-over-year, driven by record $75.2 billion in data center sales. Networking revenue nearly tripled as enterprise and hyperscale customers accelerated AI workloads.
2. Dividend Increase and Share Repurchase
The board approved a 25-fold increase in its quarterly dividend from $0.01 to $0.25 per share, representing a 2,400% hike. An additional $80 billion share buyback authorization aims to bolster shareholder returns and reduce outstanding share count.
3. Guidance for Fiscal Q2
Management set fiscal Q2 revenue guidance at $91 billion, implying approximately 95% year-over-year growth. Continued strength in AI-driven data center demand and expanded networking solutions underpin the outlook.