TECH - Nvidia Q4 Earnings Highlights: Revenue Beat EPS Beat Q1 Guidance And More | Benzinga
AI stalwart Nvidia Corp. (NASDAQ:NVDA) reported Wednesday after the market close fourth-quarter results and forward guidance that exceeded optimistic forecasts.
Nvidia Headline Q4 Metrics: Santa Clara, California-based Nvidia reported fourth-quarter non-GAAP earnings per share of $5.16, which came in ahead of a Street consensus estimate of $4.64 according to data from Benzinga Pro.
The company reported fourth-quarter revenue of $22.10 billion which beat a Street estimate of $20.62 billion. Revenue in the fourth quarter was up 22% from the third quarter and up 265% year-over-year.
Revenue was the following by sector in the fourth quarter with year-over-year increases.
- Data Center: $18.4 billion, +409%
- Gaming: $2.9 billion, +56%
- Professional Visualization: $463 million, +105%
- Automotive: $281 million, -4%
“Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations,” said Chairman and CEO Jensen Huang, who is ...