Nvidia Q1 Revenue Soars 85% to $81.6B as Buyback Approved
FDS•Nvidia posted Q1 net income of $58.32 billion ($2.39 EPS) and revenue jumped 85% to $81.62 billion year-over-year. Operating expenses climbed 49% to $7.75 billion while the company forecast roughly $91 billion in Q2 revenue and approved an $80 billion buyback plus a dividend hike.
1. Earnings Beat and Revenue Growth
Nvidia delivered net income of $58.32 billion, or $2.39 per share, for the fiscal quarter ending April, up from $18.78 billion a year earlier. Revenue surged 85% year-over-year to $81.62 billion, exceeding the prior internal target of $78.9 billion.
2. Operating Expenses Rise
Operating expenses rose 49% to $7.75 billion as investments in AI infrastructure and research and development accelerated. Non-GAAP EPS of $1.87 also outperformed last year's adjusted results despite the cost increase.
3. Bullish Outlook
Management projected second-quarter revenue of about $91 billion, above the implied consensus of $87.29 billion, reflecting sustained demand for high-end AI chips across data centers and new enterprise segments.
4. Shareholder Return Boost
The board authorized an $80 billion share buyback program and increased the quarterly dividend to $0.25 per share from $0.01, underscoring a strong commitment to returning capital amid robust cash generation.
