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Wednesday, 02/21/2024 5:51:33 PM

Wednesday, February 21, 2024 5:51:33 PM

Post# of 27405
NVIDIA Corp (NVDA) Shatters Records with Q4 and Fiscal 2024 Earnings
Stellar Performance Driven by Data Center and AI Growth
Author's Avatar
GuruFocus Research
55 minutes ago

Summary
Quarterly Revenue: Reached a record $22.1 billion, a 22% increase from Q3 and a 265% surge from the previous year.
Data Center Revenue: Achieved a record $18.4 billion for the quarter, marking a 27% rise from Q3 and a staggering 409% year-over-year growth.
Annual Financials: Full-year revenue soared by 126% to $60.9 billion, with GAAP EPS up 586% and non-GAAP EPS up 288% from the previous year.
Gross Margin: Improved to 76.0% in Q4 from 74.0% in Q3, and up significantly from 63.3% the previous year.
Net Income: Q4 net income jumped to $12.3 billion, a 33% increase from Q3 and a 769% increase year-over-year.
Earnings Per Share: GAAP diluted EPS for Q4 was $4.93, up 33% from Q3 and up 765% from the previous year.
Dividend: Announced a quarterly cash dividend of $0.04 per share, payable on March 27, 2024.

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