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NVIDIA
🇺🇸 NASDAQ:NVDA
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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.

Total Revenue
$6.05B
Previous year: $7.64B
-20.8%
EPS
$0.088
Previous year: $0.132
-33.3%
GAAP Gross Margin
63.3%
Previous year: 65.4%
-3.2%
Non-GAAP Gross Margin
66.1%
Previous year: 67%
-1.3%
Gross Profit
$3.83B
Previous year: $5B
-23.3%
Cash and Equivalents
$3.39B
Previous year: $1.99B
+70.3%
Total Assets
$41.2B
Previous year: $44.2B
-6.8%

NVIDIA

NVIDIA

NVIDIA Revenue by Segment

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

Company Overview

Full financial data and analysis

View NVIDIA