NVIDIA Q4 Revenue Reaches $22.1 Billion with $12.3 Billion Net Profit Exceeding Expectations
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On February 22, NVIDIA's highly anticipated Q4 financial results were released after the market closed, setting historical records for three consecutive quarters with revenue, profit, and Q1 guidance all surpassing expectations.
Q4 Financial Report Highlights:
- Revenue of $22.1 billion, up 22% quarter-over-quarter and a staggering 265% year-over-year, exceeding analysts' expectations of $20.41 billion;
- Net profit of $12.3 billion, skyrocketing 765% year-over-year, with adjusted earnings per share at $5.16, above the expected $4.59;
- Operating profit reached $13.6 billion, a 983% increase year-over-year;
- Adjusted profit margin stood at 76.7%, surpassing analysts' forecast of 75.4%.
For the entire fiscal year 2024, NVIDIA's revenue grew by 126% to $60.9 billion. The expected Q1 revenue is $24 billion, with a fluctuation range of no more than 2%, far exceeding the market consensus of $21.9 billion.
Specific business segments:
- Data center revenue in Q4 was $18.4 billion, compared to the Visible Alpha analyst consensus of $17.3 billion.
- Gaming revenue was $2.9 billion, versus the consensus of $2.72 billion.
- Professional visualization revenue reached $463 million, exceeding the Visible Alpha analyst consensus of $434.2 million.
- Automotive revenue was $281 million, compared to the consensus of $272.2 million.
Since the last earnings report, NVIDIA has made progress in the following areas: