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Jan 29, 2023
NVIDIA Q4 2023 Earnings Report
NVIDIA reported Q4 2023 earnings, with revenue of $6.05 billion and GAAP earnings per diluted share of $0.57.
Key Takeaways
NVIDIA's Q4 2023 revenue was $6.05 billion, a 21% decrease year-over-year but a 2% increase from the previous quarter. GAAP earnings per diluted share were $0.57, down 52% year-over-year and up 111% from the previous quarter. Non-GAAP earnings per diluted share were $0.88, down 33% year-over-year and up 52% from the previous quarter.
Q4 revenue was $6.05 billion, down 21% year-over-year and up 2% from the previous quarter.
GAAP earnings per diluted share were $0.57, down 52% year-over-year and up 111% from the previous quarter.
Non-GAAP earnings per diluted share were $0.88, down 33% year-over-year and up 52% from the previous quarter.
Returned $1.15 billion to shareholders through share repurchases and cash dividends in Q4.
NVIDIA
NVIDIA
NVIDIA Revenue by Segment
Revenue by Segment
Data Center Revenue
CapyFin.comGaming Revenue
CapyFin.comPro Visualization Revenue
CapyFin.comAutomotive Revenue
CapyFin.com Forward Guidance
NVIDIA's outlook for the first quarter of fiscal 2024 includes revenue of $6.50 billion, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 64.1% and 66.5%, respectively, plus or minus 50 basis points. GAAP and non-GAAP operating expenses are expected to be approximately $2.53 billion and $1.78 billion, respectively. GAAP and non-GAAP other income and expense are expected to be an income of approximately $50 million. GAAP and non-GAAP tax rates are expected to be 13.0%, plus or minus 1%.
Positive Outlook
- Revenue is expected to be $6.50 billion, plus or minus 2%.
- GAAP gross margin is expected to be 64.1%, plus or minus 50 basis points.
- Non-GAAP gross margin is expected to be 66.5%, plus or minus 50 basis points.
- GAAP other income and expense are expected to be an income of approximately $50 million.
- Non-GAAP other income and expense are expected to be an income of approximately $50 million.
Challenges Ahead
- GAAP operating expenses are expected to be approximately $2.53 billion.
- Non-GAAP operating expenses are expected to be approximately $1.78 billion.
- GAAP tax rates are expected to be 13.0%, plus or minus 1%.
- Non-GAAP tax rates are expected to be 13.0%, plus or minus 1%.
- Outlook is subject to various risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income