Nvidia's first quarter revenue was $7.2 billion, with a net profit of $2 billion, a year-on-year increase of 26%

On May 25th, it was reported that chip giant NVIDIA released its first quarter financial report for the fiscal year ended April 30, 2023 on Wednesday local time in the United States. According to the financial report, Nvidia's revenue for the first quarter was 7

On May 25th, it was reported that chip giant NVIDIA released its first quarter financial report for the fiscal year ended April 30, 2023 on Wednesday local time in the United States. According to the financial report, Nvidia's revenue for the first quarter was 7.19 billion US dollars, a year-on-year decrease of 13% and a month on month increase of 19%; The net profit was 2.043 billion US dollars, a year-on-year increase of 26% and a month on month increase of 44%; Diluted earnings per share were $0.82, a year-on-year increase of 28% and a month on month increase of 44%. After the financial report was released, NVIDIA's post market trading surged by 25%.

Here are the key points of NVIDIA's first quarter financial report

Divided by business

1) Data Center

2) Games

3) Professional Visualization

4) Automobile

Executive comments

Huang Renxun, founder and CEO of NVIDIA, said, "The computer industry is undergoing two transformations simultaneously, namely accelerated computing and generative artificial intelligence. As companies compete to apply generative artificial intelligence to every product, service, and business process, the $1 trillion global data center infrastructure will shift from universal computing to accelerated computing

Huang Renxun added, "Our entire data center series of products, including H100, GraceCPU, GraceHopper superchip, NVLink, Quantum400InfiniBand, and BlueField-3DPU, are currently in production. We are significantly increasing our supply to meet growing demand

share dividend

In the first quarter of fiscal year 2024, Nvidia returned a total of $99 million in cash dividends to shareholders. Nvidia will pay the next quarter cash dividend of $0.04 per share to all registered shareholders before June 8, 2023, on June 30, 2023.

Performance outlook

NVIDIA provides the following outlook for the second quarter of the 2024 fiscal year:

Changes in stock prices

On Wednesday local time in the United States, NVIDIA's NASDAQ listed stock price fell $1.5, or 0.49%, to close at $305.38 per share.

After the financial report was released, thanks to the optimism brought by Nvidia's leading position in the artificial intelligence chip market, the stock surged by 25%. So far this year, Nvidia's stock price has risen by a cumulative 109%.

In the past 52 weeks, NVIDIA's stock price has reached a high of $318.28 and a low of $108.13. Based on Wednesday's closing price, the company's market value is approximately $755.2 billion. (Small)