Nvidia Reports Beat-And-Raise Q1, Announces 150% Dividend Hike, 10-For-1 Stock Split (UPDATED) - NVIDIA (
Is Nvidia's 150% Dividend Hike Sustainable?
Nvidia Corp. exceeded first-quarter expectations with a significant rise in revenue, driven by strong demand for its AI accelerators. The company announced a 10-for-1 stock split and increased its quarterly dividend by 150%. Following these announcements, Nvidia's stock saw an uptick in after-hours trading.
The company's revenue from its Data Center segment reached a record high, with a particularly strong performance in compute revenue, which jumped 478% year-over-year. Looking ahead, Nvidia provided an optimistic revenue guidance for the second quarter, surpassing analyst expectations.
Nvidia's strategic focus is shifting towards software-centric services, indicating potential growth in software intellectual property. This transformation is expected to enhance the company's value across its entire stack. Following the positive earnings report, market analysts predict a bullish future for Nvidia.
What were the first-quarter revenue figures for Nvidia, and how did they compare to the consensus estimates?
Nvidia's first-quarter revenue figures reached a record $26.04 billion, surpassing the consensus estimates of $24.64 billion. This marked a significant 262% increase year-over-year and an 18% growth from the previous quarter. The impressive results were driven by a surge in demand for the company's AI accelerators, leading to record Data Center revenue.
How much did Nvidia's non-GAAP EPS increase year-over-year in Q1?
Nvidia's non-GAAP EPS increased by 461% year-over-year in Q1.