Nvda Earnings

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NVIDIA Reports Record Fourth Quarter Results

Strong Revenue and Earnings Growth

NVIDIA Corporation (NASDAQ:NVDA) has reported record revenue and earnings for the fourth quarter of fiscal 2024. The company's revenue for the quarter came in at $22.1 billion, a 22% increase from the previous quarter and a 26.5% increase from the same quarter a year ago.

Key Financial Highlights

Some of the key financial highlights from NVIDIA's fourth quarter results include:

• Revenue: $22.1 billion, up 22% from Q3 and up 26.5% from the previous year
• Diluted EPS: $4.93, up 33% from Q3 and up 76.5% from the previous year
• Gross margin: 66.0%, up 0.6 percentage points from Q3
• Operating income: $8.06 billion, up 18.3% from Q3 and up 71.3% from the previous year
• Net income: $6.70 billion, up 14.9% from Q3 and up 70.5% from the previous year

NVIDIA's strong financial results were driven by continued growth in demand for the company's graphics processing units (GPUs) across a range of markets, including gaming, data center, and automotive.

Outlook

NVIDIA is optimistic about its future prospects and expects continued revenue and earnings growth in the coming quarters. The company is seeing strong demand for its products from both existing and new customers, and it is well-positioned to benefit from the growing trend towards artificial intelligence (AI) and machine learning (ML).

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