No. of Recommendations: 0
SummaryRevenue: $22.1B vs. $20.4 est.
EPS: $5.16 vs. $4.63 est.
Gross Margin: 76.7% vs. 75.4% est.
Q1 Guide: Sees $24B (+/- 2%) vs. $21.9B est.
DetailsNvidia (NASDAQ:NVDA) shares jumped 6.4% in extended-hours trading on Wednesday after the semiconductor giant reported quarterly results and guidance that topped Wall Street's expectations.
Looking to the first-quarter of fiscal 2025, Nvidia expects to generate $24B in revenue, plus or minus 2%. Analysts were forecasting $21.9B in revenue for the Jensen Huang-led company.
Adjusted gross margin is forecast to be around 77%, plus or minus 50 basis points, while adjusted operating expenses are expected to be around $2.5B.
“Accelerated computing and generative AI have hit the tipping point,” Huang said in a statement. “Demand is surging worldwide across companies, industries and nations.”
For the fourth-quarter, Nvidia (NVDA) earned an adjusted $5.16 per share on $22.1B in revenue, as gaming revenue surged 56% year-over-year to come in at $2.9B, above the $2.72B estimate. Data center revenue flew past expectations, coming in at $18.4B, compared to estimates of $17.21B. Automotive revenue for the period clocked in at $281M, while professional visualization revenue rose 105% year-over-year to $463M. Total revenue for the period rose 265.3% year-over-year.
Adjusted gross margin came in at 76.7%, above the 75.4% estimate.
https://seekingalpha.com/news/4069515-nvidia-gains...I'm a very happy shareholder.
