7 Major Takeaways from NVIDIA 769% Annual Profit Growth In Q4Y24 Earnings

Introduction:

NVIDIA Corporation, a global leader in graphics processing units (GPUs), recently released its impressive Earnings results for the fourth quarter and fiscal year 2024. The numbers are nothing short of extraordinary, with record-breaking figures in revenue, data center sales, annual financials, gross margin, net income, and earnings per share. In this blog post, we will delve into the seven major takeaways from NVIDIA’s exceptional Q4Y24 earnings report.

7 Major Takeaways from NVIDIA Q4 and Fiscal Year 2024 Shattering Earnings

1. Record-Breaking Quarterly Revenue:

Q4 2024: $22.1 billion
Q3 2024 Change: +22%
YoY Change: +265%

NVIDIA’s Q4 revenue soared to a staggering $22.1 billion, marking a remarkable 22% increase from the previous quarter and an astounding 265% surge from the same period last year. This significant growth is indicative of the company’s robust market position and the increasing demand for its cutting-edge technologies.

2. Data Center Dominance:

Q4 2024: $18.4 billion
Q3 2024 Change: +27%
YoY Change: +409%

The data center segment proved to be a powerhouse for NVIDIA, achieving a record $18.4 billion in revenue for the quarter. This reflects a remarkable 27% rise from the previous quarter and an astonishing 409% year-over-year growth. The data center business continues to be a key driver of NVIDIA’s success, showcasing its prowess in providing solutions for artificial intelligence, machine learning, and high-performance computing.

3. Annual Financial Soar:

Annual Revenue for 2024: $60.9 billion
YoY Change: +126%

NVIDIA’s full-year revenue reached an impressive $60.9 billion, representing a phenomenal 126% increase from the previous year. Both GAAP EPS (Earnings Per Share) and non-GAAP EPS witnessed remarkable growth, with a 586% and 288% increase, respectively. The annual financial performance underscores NVIDIA’s ability to capitalize on emerging technologies and solidify its position in the competitive semiconductor industry.

4. Gross Margin Expansion:

Q4 2024: 76.0%
Q3 2024 Change: +2.0%
YoY Change: +12.7%

The company’s gross margin improved to 76.0% in Q4, up from 74.0% in the previous quarter and significantly higher than the 63.3% reported in the same period last year. This expansion in gross margin highlights NVIDIA’s efficiency in managing production costs and optimizing its product mix, contributing to the overall profitability of the company.

5. Stellar Net Income Growth:

Q4 2024: $12.3 billion
Q3 2024 Change: +33%
YoY Change: +769%

Q4 net income reached an impressive $12.3 billion. This showcases a substantial 33% increase from the previous quarter and an astonishing 769% surge year-over-year. This remarkable growth in net income reflects the company’s ability to convert revenue into profit and its success in delivering value to shareholders.

6. Earnings Per Share Soar:

Q4 2024: $4.93
Q3 2024 Change: +33%
YoY Change: +765%
GAAP diluted EPS for Q4 stood at $4.93, exhibiting a 33% increase from the previous quarter and an outstanding 765% surge from the same period last year. The surge in earnings per share is a testament to NVIDIA’s strong financial performance and its commitment to delivering value to its shareholders.

7. Dividend Announcement:

In addition to the remarkable financial results, NVIDIA declared a quarterly cash dividend of $0.04 per share, payable on March 27, 2024. This move not only demonstrates the company’s confidence in its financial position but also serves as a rewarding gesture to its shareholders.

Conclusion:

NVIDIA Q4 and Fiscal Year 2024 earnings report is a testament to the company’s outstanding performance, showcasing its ability to innovate, adapt, and capitalize on the growing demand for advanced computing solutions.