NVIDIA CEO Jensen Huang introduced the NVIDIA Blackwell platform at an event before the Computex Forum on June 2, 2024 at Taipei, Taiwan.
Ann Wang | Roots
Nvidia reported the fourth quarter earnings on Wednesday after defeating Wall Street’s expectations on Wednesday. The company also provided strong guidance for the current quarter.
The shares were mostly flat in extended business.
Here is described how the company did compared to the estimates of analysts voted by LSEG:
- Income: $ 39.33 billion vs $ 38.05 billion estimated
- earnings per share: $ 0.89 adjusted vs $ 0.84 approximate
NVIDIA said it expects about $ 43 billion in the first quarter revenue, plus or minus 2%, vs. $ 41.78 billion per LSEG estimates. The first quarter forecast means year to year An increase of about 65% from a year ago, a year ago recession from 262% annual growth in the same period.
The net income during the quarter rose to $ 22.09 billion, or in a period of year to $ 12.29 billion per share or 49 cents per share per share, or 89 cents per share per share.
Nvidia reported a 73% gross margin in the quarter, which was three points below the annual basis. The company said the decline in gross margin was due to new data center products that were more complex and expensive.
Revenue continues to rise in Nvidia as the company continues to ride AI Boom with its data center graphics processor, including the market’s vast majority for AI accelerator. Nvidia’s revenue increased by 78% in the quarter, and the full financial year revenue for Nvidia rose 114% to $ 130.5 billion.
However, the growth of Nvidia is slowing down as the company grows up. During the fourth quarter of FY 2024, Nvidia sales more than three times.
Most of the time of this calendar year is on how soon the company can ship its next generation AI processor, called Blackwell.
Nvidia said that Blackwell was $ 11 billion in revenue during the fourth quarter. Nvidia CEO Jensen Huang said that the demand for Blackwell is “amazing” in a statement, and CFO Cell Cress called it “the fastest product ramp in the history of our company”.
“Blackwell sales were led by large cloud service providers who represented the revenue of our data center,” Cress said in a statement.
Blackwell sales, as well as sales of previous generation hopper AI chips, are reported in the company’s data center business, which is now 91% of the company’s total sales, 83% a year ago and more than 60% in the same period of 2023. Overall, the data center revenue has increased by about ten times in the last two years.
Nvidia said that the revenue of the data center was $ 35.6 billion in the fourth quarter, which was 93% on an annual basis. It also crossed the $ 33.65 billion streetaccount expectations.
The company’s gaming business, which includes graphics processors to play 3D games, reported $ 3.04 billion sales vs. Strikount expectations to $ 2.5 billion in expectations. NVIDIA graphics sales actually declined by 11% on an annual basis. The company announced a new graphics card for consumers during the quarter that shares blackwell architecture similar to the company’s AI chips.
One of the company’s development categories is a car and its business sales chips for robots. Nvidia stated on Wednesday that there was $ 570 million in automotive sales during the quarter, a small part of the company’s AI business, but represents an increase of 103% on a year-on-year basis.
Nvidia said it spent $ 33.7 billion on the share recurrent in 2025.
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