Nvidia

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2024 — Record quarterly revenue of $22.1 billion, up 22% from Q3, up 265% from year ago — Record quarterly Data Center revenue of $18.4 billion, up 27% from Q3, up 409% from year ago — Record full-year revenue of $60.9 billion, up 126% SANTA CLARA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today reported revenue for the fourth quarter ended January 28, 2024, of $22.1 billion, up 22% from the previous quarter and up 265% from a year ago. For the quarter, GAAP earnings per diluted share was $4.93, up 33% from the previous quarter and up 765% from a year ago. Non-GAAP earnings per diluted share was $5.16, up 28% from the previous quarter and up 486% from a year ago. For fiscal 2024, revenue was up 126% to $60.9 billion. GAAP earnings per diluted share […]

NVIDIA Reports Q4 Revenue $22.1B, vs. Street Est of $20.551B.

NVIDIA Guides For Q1 Revenue of $24 Billion, +/- 2%, Vs CIQ Analyst Consensus of $22 Billion.

NVIDIA Q4 Data Center Revenue at $18.4 Billion Vs Visible Alpha Analyst Consensus of $17.3 Billion; Gaming Revenue at $2.9 Billion Vs Consensus of $2.72 Billion.

NVIDIA Posts Q4 EPS of $5.16, Vs CIQ Analyst Consensus of $4.64/Share.

NVIDIA Q4 Professional Visualization Revenue at $463 Million Vs Visible Alpha Analyst Consensus of $434.2 Million; Auto Revenue at $281 Million Vs Consensus of $272.2 Million.

By Asa Fitch Nvidia’s quarterly sales tripled from a year ago, surpassing Wall Street’s heightened expectations, and the company indicated momentum from the artificial-intelligence boom remains strong. The chip company that underpins almost all of the world’s most advanced AI systems said it made $22.1 billion of revenue in its last fiscal quarter, higher than analyst forecasts of around $20.4 billion. Net profit was $12.29 billion, compared with $1.41 billion a year earlier. Nvidia also forecast around $24 billion of sales for its current quarter, ahead of Wall Street expectations in a FactSet survey. The company’s shares were flat in after-hours trading. The stock has more than tripled over the past year. Nvidia has been the primary financial beneficiary of the AI wave so far, as big tech companies like Microsoft, Google and Apple place large bets on the technology and need Nvidia’s hardware to drive them. In addition to

NVIDIA (NVDA) reported fiscal Q4 non-GAAP earnings late Wednesday of $5.16 per diluted share, up from $0.88 a year earlier. Analysts surveyed by Capital IQ expected $4.64. Revenue in the quarter ended Jan. 28 surged to a record $22.1 billion from $6.05 billion a year earlier. Analysts surveyed by Capital IQ expected $20.6 billion. The company said it expects fiscal Q1 revenue of $24 billion, plus or minus 2%. Analysts surveyed by Capital IQ expect $22.03 billion. Shares of the company rose 6% in recent after-hours trading.

Nvidia’s gaming segment gets a power boost. The chip company’s segment reported $2.9 billion in 4Q revenue, flat from the prior quarter and up 56% from a year earlier. CFO Colette Kress says the year-on-year increases for the quarter reflect higher sell-in to partners following the normalization of channel inventory levels and growing demand. She also notes that the launch of certain GPUs also contributed to revenue in the quarter. Shares rise 6.5% to $717.99 in late trading, boosted in part by quarterly sales that tripled from the prior year.

AI stalwart Nvidia Corp. (NASDAQ:NVDA) reported Wednesday after the market close fourth-quarter results and forward guidance that exceeded optimistic forecasts. Nvidia Headline Q4 Metrics: Santa Clara, California-based Nvidia reported fourth-quarter non-GAAP earnings per share of $5.16, which came in ahead of a Street consensus estimate of $4.64 according to data from Benzinga Pro. The company reported fourth-quarter revenue of $22.10 billion which beat a Street estimate of $20.62 billion. Revenue in the fourth quarter was up 22% from the third quarter and up 265% year-over-year. Revenue was the following by sector in the fourth quarter with year-over-year increases. Data Center: $18.4 billion, +409% Gaming: $2.9 billion, +56% Professional Visualization: $463 million, +105% Automotive: $281 million, -4% “Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations,” said Chairman and CEO Jensen Huang, who is dubbed Godfather of AI by Wedbush analyst Daniel Ives. Huang said the company’s

Nvidia’s margins continue to grow as demand for its chips powering the AI boom continues to climb. The chip company logs $22.1 billion in revenue while its gross margin came in at 76% in 4Q. This compares to $6.05 billion in revenue and gross margin of 63.3% a year earlier. CFO Colette Kress says gross margins grew on strong data center revenue growth primarily driven by its Hopper GU computing platform, as well as a benefit from favorable component costs.

Nvidia Started To Ship Alternatives To The China Market In Small Volumes; Has Not Received Licenses To Ship Restricted Chips Such As A800 And H800 To China.