Nvidia Reports Strong Q4 Earnings, Beats Analysts’ Expectations on Top and Bottom Lines

The company’s Q4 top and bottom line figures represent a massive increase of 265% and 765% over last year’s fourth quarter.

After the closing bell today, artificial intelligence (AI) powerhouse Nvidia (NASDAQ: NVDA) reported its fourth-quarter 2024 earnings, blowing away analysts’ expectations on revenue and diluted earnings per share (EPS).

Nvidia posted Q4 revenue of $22.1 billion, up +22% over last quarter and +265% compared to the $6.05 billion reported in last year’s Q4.

Nvidia’s Q4 EPS came in at $4.93, up 33% quarter-over-quarter and +765% over the $0.57 reported in Q4 2023.

Both revenue and EPS came in well above the consensus analysts’ expectations, which projected Nvidia would report EPS of $4.60 on revenue of $20.4 billion.

Nvidia reported full-year 2024 revenue of $60.9 billion, up 126% year-over-year. EPS for the full-year 2024 came in at $11.93, up +586% year-over-year.

Jensen Huang, founder and CEO of Nvidia, commented on the company’s strong earnings, stating:

“Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations. Our Data Center platform is powered by increasingly diverse drivers — demand for data processing, training and inference from large cloud-service providers and GPU-specialized ones, as well as from enterprise software and consumer internet companies. Vertical industries — led by auto, financial services and healthcare — are now at a multibillion-dollar level. NVIDIA RTX, introduced less than six years ago, is now a massive PC platform for generative AI, enjoyed by 100 million gamers and creators. The year ahead will bring major new product cycles with exceptional innovations to help propel our industry forward. Come join us at next month’s GTC, where we and our rich ecosystem will reveal the exciting future ahead.”

In addition, the company said it will pay its next quarterly dividend of $0.04 per share on March 27, 2024, to all shareholders of record on March 6, 2024.

Source: Nvidia Press Release

Also Read: The Winners and Losers of Big Tech’s Earnings Season (VIDEO)

NVDA 2025 Guidance

Nvidia released its 2025 financial outlook, with the company projecting the following figures:

• Revenue of $24.0 billion (+/- 2%)
• Gross margins of 76.3% (+/- 50 basis points)
• Operating expenses of $3.5 billion
• Other income and expenses are expected to be an income of approximately $250 million, excluding gains and losses from non-affiliated investments
• Tax rates, excluding any discrete items, are expected to be 17% (+/- 1%)

NVDA Earnings Call and Webcast

• 5 PM EST Wednesday, February 21, 2024
• Earnings Webcast Link

Shares of Nvidia are currently up +8.5% in after-hours trading, last trading at $732.04 per share. YTD, NVDA stock is up +40.08%. All-time, NVDA is up +82,182.93%.

Learn more about Nvidia: Website | Investor Deck | NVDA Chart

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Disclaimer: Wealthy VC does not hold a long or short position in any of the stocks mentioned in this article.