Nvidia sales more than triple, signaling continued AI boom

Aaaaand here come the big guns.

We’d hate to be a company reporting earnings the same day as Nvidia, just as much as we wouldn’t envy an up-and-coming musician sharing an album release date with Taylor Swift.

Nvidia’s chips have fueled the AI boom, and as a result, the company has become a proxy for investors looking to measure the resiliency of recent AI demand. If Wednesday’s Q1 2025 results are any indication, with $26 billion in revenue marking a 262% increase from last year, the boom times are still going strong.

The chipmaker reported $14.88 billion in net income for the quarter, a steep jump from $2.04 billion the same period last year. That was a quarterly record—and one that topped analysts’ expectations. Nvidia expects sales of $28 billion for the current quarter, higher than the $26.61 billion predicted by Wall Street analysts, CNBC reported.

If those numbers aren’t big enough for you, we can keep going.

Nvidia supplies graphics processing units to tech giants like Google, Meta, and Amazon, making Nvidia’s data center sales an important metric for the company. The company’s CFO, Colette Kress, noted that cloud-computing companies like Microsoft comprised around 45% of Nvidia’s data center revenue, per the Wall Street Journal.

Data center revenue climbed 23% from Q4 to $22.6 billion. That’s a 427%—yes, 427%—increase from a year ago.

To keep up with demand, Nvidia will launch a new batch of graphics processing units later this year, which founder and CEO Jensen Huang said in an earnings call will bring in “a lot” of revenue once they’re in data centers by Q4.

In all, Huang was as optimistic as any leader at the top of the world would be.

“The next industrial revolution has begun—companies and countries are partnering with Nvidia to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center—AI factories—to produce a new commodity: artificial intelligence,” Huang said in a statement tied to the earnings report. “AI will bring significant productivity gains to nearly every industry and help companies be more cost- and energy-efficient, while expanding revenue opportunities.”