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Quarterly revenue of 122 trillion won…Business divisions reorganized into data center and edge computing
Nvidia, the world's top company by market capitalization, has set a new revenue record for 12 consecutive quarters.
Nvidia announced on the 20th (local time) that its revenue for the first quarter of the fiscal year (February-April) was $81.62 billion (approximately 122 trillion won), a 20% increase from the previous quarter's record of $68.13 billion.
Compared to the same quarter last year, it increased by 85%, surpassing the market consensus of $78.85 billion compiled by market research firm London Stock Exchange Group (LSEG).
Most of the revenue came from the data center segment, which recorded $75.2 billion with an annual growth rate of 92%.
Specifically, data center computing segment revenue was $60.4 billion, and networking segment revenue was $14.8 billion.
Edge computing segment revenue, which includes PCs, game consoles, and autonomous vehicles, was $6.4 billion, a 29% increase year-on-year.
Adjusted earnings per share (EPS) also exceeded Wall Street's forecast of $1.76, reaching $1.87.
Nvidia announced that it would reorganize its business segment classification system starting this quarter.
Instead of the existing detailed domain-specific classifications, it will be reorganized into two pillars: the data center segment and edge computing, with the data center further divided into hyperscale and ACIE (AI Cloud, Industrial, Enterprise) segments.
Nvidia projected that the first-quarter growth trend would continue into the second quarter, with revenue reaching $91 billion.
However, Nvidia explained that this forecast does not include data center-related revenue from the Chinese market.
Jensen Huang, CEO, emphasized, "The construction of AI factories, the largest infrastructure expansion in human history, is accelerating at an astonishing pace," adding, "Nvidia is the only platform that runs on every cloud, supports all frontier and open-source models, and is scalable everywhere AI is produced, from hyperscale data centers to edge computing."
Nvidia's stock price rose 1.3% in regular trading today due to anticipation of the earnings announcement, but fell approximately 0.6% in after-hours trading following the announcement, fluctuating around the $222 mark as of 4:55 PM ET.
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