Nvidia Beats Q4 Expectations, Offers Stronger Q1 Outlook

Nvidia has reported its fiscal fourth-quarter results, beating analysts’ expectations on both the top and bottom lines.

For the quarter, Nvidia posted earnings per share of $1.62 on revenue of $68.1 billion. (Photo: NVIDIA Asia Pacific Facebook)

The company also offered first-quarter guidance between $76.44 billion and $79.56 billion, above Wall Street’s estimate of $72.8 billion, Daniel Howley reported for Yahoo Finance.

The outlook does not include any potential revenue from China.

Nvidia shares rose as much as 3% in after-hours trading before giving up those gains.

For the quarter, Nvidia posted earnings per share of $1.62 on revenue of $68.1 billion. Wall Street had anticipated EPS of $1.53 on revenue of $65.8 billion, according to Bloomberg consensus estimates.

The company reported EPS of $0.89 and revenue of $39.3 billion in the same quarter last year.

Nvidia’s data center segment drove the vast majority of that growth, generating $62.3 billion for the period — above analysts’ projections of $60.2 billion.

Chief Financial Officer Colette Kress said much of the revenue came from hyperscalers.

“For the fourth quarter, hyperscaler revenue increased and remained our largest customer category at slightly over 50% of data center revenue, while growth was led by the rest of our data center customers as revenue diversified,” she said in a statement.