On February 21, 2024, NVIDIA Corporation reported its financial results for the fourth quarter and fiscal year ended January 28, 2024. The company announced record quarterly revenue of $22.1 billion, a 22% increase from the previous quarter and a 265% increase from the same period last year. Data Center revenue reached a record $18.4 billion, marking a 27% increase from the previous quarter and a staggering 409% increase year-over-year. NVIDIA's full-year revenue soared to $60.9 billion, up 126%. GAAP earnings per diluted share for the quarter were $4.93, up 33% from the previous quarter and up 765% from the previous year. Non-GAAP earnings per diluted share were $5.16, reflecting a 28% increase from the previous quarter and a 486% increase year-over-year. NVIDIA's CEO, Jensen Huang, highlighted the tipping point reached...Show More

On February 21, 2024, NVIDIA Corporation reported its financial results for the fourth quarter and fiscal year ended January 28, 2024. The company announced record quarterly revenue of $22.1 billion, a 22% increase from the previous quarter and a 265% increase from the same period last year. Data Center revenue reached a record $18.4 billion, marking a 27% increase from the previous quarter and a staggering 409% increase year-over-year. NVIDIA's full-year revenue soared to $60.9 billion, up 126%. GAAP earnings per diluted share for the quarter were $4.93, up 33% from the previous quarter and up 765% from the previous year. Non-GAAP earnings per diluted share were $5.16, reflecting a 28% increase from the previous quarter and a 486% increase year-over-year. NVIDIA's CEO, Jensen Huang, highlighted the tipping point reached by accelerated computing and generative AI, with surging demand across various sectors. The company also declared a quarterly cash dividend of $0.04 per share to be paid on March 27, 2024, to shareholders of record as of March 6, 2024. Looking ahead, NVIDIA expects revenue of approximately $24.0 billion for the first quarter of fiscal 2025, with GAAP and non-GAAP gross margins projected to be around 76.3% and 77.0%, respectively.