Nvidia Reports Record Revenue for 12 Consecutive Quarters, Driven by Data Center Growth

Nvidia, the world's most valuable company by market capitalization, has achieved record revenue for the 12th consecutive quarter. The surge in data center sales, fueled by demand for artificial intelligence (AI) infrastructure, has led to results that exceeded market expectations.

On May 20, Nvidia announced that its revenue for the first quarter of the fiscal year (February to April) reached $81.62 billion (approximately 122 trillion won). This marks a 20% increase from the previous quarter's record of $68.13 billion.

Compared to the same period last year, revenue has increased by 85%, surpassing the market estimate of $78.85 billion compiled by the London Stock Exchange Group (LSEG).

The growth in revenue was primarily driven by the data center segment, which reported sales of $75.2 billion, a 92% increase year-over-year. Specifically, data center computing revenue was $60.4 billion, while networking revenue accounted for $14.8 billion.

Revenue from the edge computing segment, which includes PCs, gaming consoles, and autonomous vehicles, rose to $6.4 billion, a 29% increase from the same period last year.

Nvidia's adjusted earnings per share (EPS) were $1.87, exceeding Wall Street's expectation of $1.76.

The company announced a restructuring of its business segments starting this quarter. Instead of the previous detailed divisions, it will now focus on two main areas: data centers and edge computing. The data center segment will be further divided into hyperscale and ACIE (AI Cloud, Industry, and Enterprise) sectors.

Nvidia anticipates that the growth trend will continue into the second quarter, projecting revenue to reach $91 billion. However, this forecast does not include revenue from data centers in the Chinese market.

Jensen Huang, Nvidia's CEO, stated, "The construction of AI factories, the largest infrastructure expansion in human history, is accelerating remarkably. Nvidia is the only scalable platform that operates across all clouds, supports all frontier and open-source models, and enables AI production from hyperscale data centers to edge computing."

Following the earnings announcement, Nvidia's stock rose 1.3% during regular trading. However, in after-hours trading, the stock fell 0.14% to $223.16 as of 5:25 PM Eastern Time.

* This article has been translated by AI.

Hwang Jin Hyun