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Jan 28, 2024
NVIDIA Q4 2024 Earnings Report
NVIDIA reported record quarterly revenue, driven by strong growth in the Data Center and Gaming segments.
Key Takeaways
NVIDIA announced record revenue for the fourth quarter of fiscal year 2024, with significant growth in Data Center and Gaming revenue. The company's GAAP earnings per diluted share and non-GAAP earnings per diluted share also saw substantial increases compared to the previous year.
Record quarterly revenue of $22.1 billion, up 265% year-over-year.
Record quarterly Data Center revenue of $18.4 billion, up 409% year-over-year.
GAAP earnings per diluted share was $4.93, up 765% year-over-year.
Non-GAAP earnings per diluted share was $5.16, up 486% year-over-year.
Revenue by Segment
Forward Guidance
NVIDIA expects revenue to be $24.0 billion, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 76.3% and 77.0%, respectively, plus or minus 50 basis points. GAAP and non-GAAP operating expenses are expected to be approximately $3.5 billion and $2.5 billion, respectively.
Positive Outlook
- Revenue is expected to be $24.0 billion, plus or minus 2%.
- GAAP gross margin is expected to be 76.3%, plus or minus 50 basis points.
- Non-GAAP gross margin is expected to be 77.0%, plus or minus 50 basis points.
- GAAP other income and expense are expected to be an income of approximately $250 million.
- Non-GAAP other income and expense are expected to be an income of approximately $250 million.
Challenges Ahead
- Global economic conditions
- Reliance on third parties to manufacture, assemble, package and test our products
- The impact of technological development and competition
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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