BING-JHEN HONG Brief Review Of Nvidia's Q1 FY2025 Report Heading into its Q1 FY2025 earnings print, Nvidia Corporation 's ( NASDAQ: NVDA ) stock was hovering at $950 per share - a stone's throw from its all-time highs, with sell-side consensus estimates for revenues and Normalized EPS of $24.59B [+242% y/y] and $5.58 [+411% y/y] calling for yet another blowout quarter.
SeekingAlpha Given the positive read-through from increased CAPEX spending plans at cloud hyperscalers [Amazon ( AMZN ), Microsoft ( MSFT ), and Google ( GOOGL , GOOG ) are projected to spend a combined $177B on CAPEX in 2024] and the sheer lack of true competition in AI GPU market, I expected Nvidia to surpass consensus estimates with relative ease, and this is precisely what they did with Q1 FY2025 revenue and normalized EPS coming in at $26.04B and $6.12, respectively.
While NVDA stock is up ~5% in the immediate aftermath of these numbers, the quantum of the revenue beat is smaller than what we have seen in recent quarters. Once again, Gen-AI-induced demand for its AI GPUs drove remarkable +427% y/y growth within Nvidia's Data Center business, which remains the primary driver of the explosive business growth Nvidia is delivering right now: Nvidia Investor Relations In Q1 FY2025 , Nvidia's Data Center revenue jumped to $22.56B (+427% y/y, +23% q/q) [vs.
est. of ~$22B] driven by higher shipments of Nvidia's Hopper GPU computing platform amid a gold rush for NVDA's AI GPUs. Interestingly, Networking revenue was.