NVIDIA Announces Financial Results for Second Quarter Fiscal 2025

• Report quarterly income of $30.0 billion, up 15% from Q1 and up 122% from a yr in the past 
• Report quarterly Information Heart income of $26.3 billion, up 16% from Q1 and up 154% from a yr in the past

NVIDIA (NASDAQ: NVDA) at present reported income for the second quarter ended July 28, 2024, of $30.0 billion, up 15% from the earlier quarter and up 122% from a yr in the past.

For the quarter, GAAP earnings per diluted share was $0.67, up 12% from the earlier quarter and up 168% from a yr in the past. Non-GAAP earnings per diluted share was $0.68, up 11% from the earlier quarter and up 152% from a yr in the past.

“Hopper demand stays robust, and the anticipation for Blackwell is unimaginable,” stated Jensen Huang, founder and CEO of NVIDIA. “NVIDIA achieved file revenues as international knowledge facilities are in full throttle to modernize the complete computing stack with accelerated computing and generative AI.”

“Blackwell samples are delivery to our companions and prospects. Spectrum-X Ethernet for AI and NVIDIA AI Enterprise software program are two new product classes reaching important scale, demonstrating that NVIDIA is a full-stack and knowledge center-scale platform. Throughout the complete stack and ecosystem, we’re serving to frontier mannequin makers to shopper web providers, and now enterprises. Generative AI will revolutionize each {industry}.”

In the course of the first half of fiscal 2025, NVIDIA returned $15.4 billion to shareholders within the type of shares repurchased and money dividends. As of the top of the second quarter, the corporate had $7.5 billion remaining beneath its share repurchase authorization. On August 26, 2024, the Board of Administrators permitted a further $50.0 billion in share repurchase authorization, with out expiration.

NVIDIA can pay its subsequent quarterly money dividend of $0.01 per share on October 3, 2024, to all shareholders of file on September 12, 2024.

On June 7, 2024, NVIDIA accomplished a ten-for-one ahead inventory cut up. All share and per-share quantities offered have been retroactively adjusted to mirror the inventory cut up.

Q2 Fiscal 2025 Abstract

Outlook
NVIDIA’s outlook for the third quarter of fiscal 2025 is as follows:

• Income is anticipated to be $32.5 billion, plus or minus 2%.
• GAAP and non-GAAP gross margins are anticipated to be 74.4% and 75.0%, respectively, plus or minus 50 foundation factors. For the total yr, gross margins are anticipated to be within the mid-70% vary.
• GAAP and non-GAAP working bills are anticipated to be roughly $4.3 billion and $3.0 billion, respectively. Full-year working bills are anticipated to develop within the mid- to upper-40% vary.
• GAAP and non-GAAP different revenue and expense are anticipated to be an revenue of roughly $350 million, excluding features and losses from non-affiliated investments and publicly-held fairness securities.
• GAAP and non-GAAP tax charges are anticipated to be 17%, plus or minus 1%, excluding any discrete gadgets.

Highlights
NVIDIA achieved progress since its earlier earnings announcement in these areas: 

Information Heart

• Second-quarter income was a file $26.3 billion, up 16% from the earlier quarter and up 154% from a yr in the past.
• Introduced that the mix of NVIDIA H200 Tensor Core and NVIDIA Blackwell structure B200 Tensor Core processors swept the most recent industry-standard MLPerf benchmark outcomes for inference.
• Revealed that H200 GPU-powered methods at the moment are accessible on CoreWeave, the primary cloud service supplier to announce normal availability.
• Unveiled an array of Blackwell methods that includes NVIDIA Grace™ CPUs, networking and infrastructure from high producers reminiscent of GIGABYTE, QCT and Wiwynn.
• Reported broad adoption of the NVIDIA Spectrum-X™ Ethernet networking platform by cloud service suppliers, GPU cloud suppliers and enterprises, in addition to companions incorporating it into their choices.
• Launched NVIDIA NIM™ for broad availability to builders globally and introduced greater than 150 firms are integrating microservices into their platforms to hurry generative AI utility improvement.
• Unveiled an inference service with Hugging Face powered by NIM microservices on NVIDIA DGX™ Cloud to allow builders to deploy common massive language fashions.
• Launched an NVIDIA AI Foundry service and NIM inference microservices to speed up generative AI for the world’s enterprises with the Llama 3.1 assortment of fashions.
• Introduced Japan superior its sovereign AI capabilities with its ABCI 3.0 supercomputer, integrating H200 GPUs and NVIDIA Quantum-2 InfiniBand networking.
• Accelerated quantum computing efforts at nationwide supercomputing facilities around the globe with the open-source NVIDIA CUDA-Q™ platform.

Gaming and AI PC

• Second-quarter Gaming income was $2.9 billion, up 9% from the earlier quarter and up 16% from a yr in the past. 
• Introduced NVIDIA ACE, a set of generative AI applied sciences that carry digital people to life, now contains NVIDIA Nemotron-4 4B, a small language mannequin for on-device inference, and is on the market in early entry for RTX AI PCs.
• Launched Challenge G-Help, a expertise preview demonstrating the ability of AI brokers to help avid gamers and creators in actual time.
• Introduced new NVIDIA GeForce RTX and DLSS titles, together with Indiana Jones and the Nice Circle, Dune: Awakening and Dragon Age: The Veilguard, bringing the entire variety of RTX video games and apps to over 600.
• Surpassed 2,000 video games on GeForce NOW, expanded the service into Japan and introduced launches of Black Delusion: Wukong and Star Wars Outlaws.

Skilled Visualization

• Second-quarter income was $454 million, up 6% from the earlier quarter and up 20% from a yr in the past.
• Launched generative AI fashions and NIM microservices for OpenUSD to speed up workflows and the event of commercial digital twins and robotics.
• Introduced main Taiwanese electronics makers are creating extra autonomous factories with a brand new reference workflow that mixes NVIDIA Metropolis imaginative and prescient AI, NVIDIA Omniverse™ simulation and NVIDIA Isaac™ AI robotic improvement.

Automotive and Robotics

• Second-quarter Automotive income was $346 million, up 5% from the earlier quarter and up 37% from a yr in the past.
• Unveiled the world’s leaders in robotic improvement, together with BYD Electronics, Siemens and Teradyne Robotics, are adopting the Isaac robotics platform for R&D and manufacturing.
• Introduced Omniverse Cloud Sensor RTX™ microservices to allow bodily correct sensor simulation to hurry improvement of autonomous machines.
• Received the Autonomous Grand Problem on the Laptop Imaginative and prescient and Sample Recognition convention within the class of Finish-to-Finish Driving at Scale for advances in constructing bodily, generative AI purposes for autonomous car improvement.

CFO Commentary
Commentary on the quarter by Colette Kress, NVIDIA’s govt vp and chief monetary officer, is on the market at https://investor.nvidia.com.

Convention Name and Webcast Data
NVIDIA will conduct a convention name with analysts and traders to debate its second quarter fiscal 2025 monetary outcomes and present monetary prospects at present at 2 p.m. Pacific time (5 p.m. Jap time). A stay webcast (listen-only mode) of the convention name might be accessible at NVIDIA’s investor relations web site, https://investor.nvidia.com. The webcast might be recorded and accessible for replay till NVIDIA’s convention name to debate its monetary outcomes for its third quarter of fiscal 2025.

Non-GAAP Measures
To complement NVIDIA’s condensed consolidated monetary statements offered in accordance with GAAP, the corporate makes use of non-GAAP measures of sure parts of monetary efficiency. These non-GAAP measures embrace non-GAAP gross revenue, non-GAAP gross margin, non-GAAP working bills, non-GAAP revenue from operations, non-GAAP different revenue (expense), web, non-GAAP web revenue, non-GAAP web revenue, or earnings, per diluted share, and free money movement. For NVIDIA’s traders to be higher in a position to examine its present outcomes with these of earlier intervals, the corporate has proven a reconciliation of GAAP to non-GAAP monetary measures. These reconciliations regulate the associated GAAP monetary measures to exclude stock-based compensation expense, acquisition-related and different prices, different, features from non-affiliated investments and publicly-held fairness securities, web, curiosity expense associated to amortization of debt low cost, and the related tax affect of this stuff the place relevant. Free money movement is calculated as GAAP web money offered by working actions much less each purchases associated to property and gear and intangible property and principal funds on property and gear and intangible property. NVIDIA believes the presentation of its non-GAAP monetary measures enhances the person’s general understanding of the corporate’s historic monetary efficiency. The presentation of the corporate’s non-GAAP monetary measures isn’t meant to be thought-about in isolation or as an alternative choice to the corporate’s monetary outcomes ready in accordance with GAAP, and the corporate’s non-GAAP measures could also be completely different from non-GAAP measures utilized by different firms.