NVIDIA Announces Financial Results for First Quarter Fiscal 2025

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NVIDIA CORPORATION
 CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
(Unaudited)
      
      
    Three Months Ended
    April 28,  April 30,
     2024    2023 
      
Revenue$26,044  $7,192 
Cost of revenue 5,638   2,544 
Gross profit  20,406    4,648 
      
Operating expenses   
 Research and development 2,720   1,875 
 Sales, general and administrative  777       633  
    Total operating expenses   3,497       2,508  
           
Operating Income   16,909       2,140  
  Interest income   359       150  
  Interest expense   (64 )     (66 )
  Other, net   75       (15 )
    Other income (expense), net   370       69  
           
Income before income tax   17,279       2,209  
Income tax expense   2,398       166  
Net income $ 14,881     $ 2,043  
           
Net income per share:      
  Basic $ 6.04     $ 0.83  
  Diluted $ 5.98     $ 0.82  
           
Weighted average shares used in per share computation:      
  Basic   2,462       2,470  
  Diluted   2,489       2,490  
           

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