Nvidia earnings Q1 2025 delivered a record-breaking performance, with the company reporting $44.1 billion in revenue.
That’s a 12% jump from the previous quarter and an astounding 69% gain year-over-year. These gains came despite major challenges, including new U.S. export rules affecting key products. Nvidia, known for gaming GPUs, has expanded deeply into AI, robotics, and data center infrastructure. The data center division alone pulled in $39.1 billion, showing 73% growth over the previous year.
Momentum fueled by global AI demand
What drove this growth? There is a massive global demand for AI systems and the computing power behind them. Nvidia’s GPUs are at the heart of that revolution, building infrastructure that governments and companies now see as essential. CEO Jensen Huang described AI as “the new electricity,” with Nvidia positioned at its core. Nvidia earnings Q1 2025 reflect that strategic positioning, showing demand is far from slowing. The Blackwell NVL72 AI supercomputer is now in full production, backed by global cloud providers.
Despite this momentum, the quarter wasn’t flawless. In April, new U.S. export rules required licenses for Nvidia’s H20 chips to China. This caused Nvidia to take a $4.5 billion charge for unsold inventory and halt another $2.5 billion in potential shipments. Even with that hit, Nvidia earnings Q1 2025 still saw GAAP gross margin at 60.5% and non-GAAP at 61.0%. Excluding the H20 charge, margins soared to 71.3%, highlighting a strong core business.
Nvidia pushes ahead amid challenges
The earnings per share (EPS) came in at $0.76 GAAP and $0.81 non-GAAP. Removing the H20 impact, adjusted EPS landed at $0.96, reassuring investors. Nvidia expects next quarter revenue of around $45 billion, even as it factors in $8 billion in lost H20 sales.
New partnerships in Asia and the Middle East are expected to offset much of that loss. Nvidia earnings Q1 2025 show that the company remains agile, even under political and trade pressure.
Looking forward, Nvidia is focused on maintaining its global leadership in AI computing. As more nations invest in AI infrastructure, Nvidia is positioned to supply the tools and power they need. From gaming and robotics to supercomputers and cloud systems, Nvidia’s strategy is clear and aggressive. With confidence from investors and strong product demand, Nvidia earnings Q1 2025 may be just the beginning.