Nvidia exceeded Wall Street’s expectations for revenue and sales in the fourth fiscal quarter, demonstrating significant growth and optimistic future forecasts:
- Adjusted earnings per share were $5.16, surpassing analysts’ expectations of $4.64.
- Revenue reached $22.10 billion, against the forecasted $20.62 billion.
- Sales for the current quarter are projected at $24.0 billion, higher than analysts’ expectations of $22.17 billion.
- Net income for the quarter was $12.29 billion, a 769% increase from the previous year.
- Revenue growth of 265% compared to last year, thanks to strong sales of artificial intelligence chips, especially the Hopper series (H100).
- Data center sales grew by 409% to $18.40 billion, with more than half of the sales coming from major cloud providers.
- The company’s gaming business grew by 56%, reaching $2.87 billion.
- The company’s automotive business decreased by 4% to $281 million, while OEM and other businesses grew by 7% to $90 million.
- The business of producing graphics equipment for professional applications grew by 105% to $463 million.
- Nvidia noted the impact of U.S. restrictions on the export of advanced semiconductors to China on data center revenue.
