Nvidia Earnings Call

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2024

Record quarterly revenue of $22.1 billion, up 22% from Q3 and up 26.5% from Q4 FY23.

Key Highlights:

* Data center revenue grew 11% sequentially and 61% year-over-year to $3.62 billion. * Gaming revenue grew 4% sequentially and 6% year-over-year to $1.83 billion. * Professional visualization revenue grew 5% sequentially and 13% year-over-year to $641 million. * Automotive revenue grew 13% sequentially and 132% year-over-year to $291 million.

NVIDIA achieved progress in these areas since its previous earnings announcement:

* Launched the NVIDIA H100 Tensor Core GPU, the world's most advanced data center GPU. * Announced the NVIDIA Omniverse platform, a virtual world simulation and collaboration platform. * Expanded its automotive partnerships with companies such as Mercedes-Benz, Volvo, and Toyota.

NVIDIA's financial results demonstrate the continued strong demand for its products across all its major markets.

Guidance:

* For the first quarter of fiscal 2025, NVIDIA expects revenue to be in the range of $6.5 billion to $7.1 billion. * The company expects to continue to invest heavily in research and development, with a focus on artificial intelligence, data center, and gaming.

Conference Call:

* NVIDIA will hold a conference call to discuss its financial results on May 22, 2024 at 5:00 pm ET.

Additional Information:

* NVIDIA's investor relations website: https://investor.nvidia.com/ * NVIDIA's press releases: https://nvidianews.nvidia.com/ * NVIDIA's SEC filings: https://www.sec.gov/ix?doc=/Archives/edgar/data/1650119/000119312523009363/d165276dex993.htm