Record-Breaking Earnings for NVIDIA: Revenue Soars by 26.5% Year-on-Year
Strong Performance in Q4 2023
Phenomenal Financial Results
NVIDIA has reported extraordinary financial performance for the fourth quarter of 2023, with revenue reaching a staggering $221 billion, marking a remarkable 26.5% increase year-over-year and surpassing analysts' expectations.
Non-GAAP earnings per diluted share also saw a significant boost, rising by 19% sequentially and a whopping 46.1% from the same period last year, settling at an impressive $6.12.
NVIDIA's revenue outlook for the first quarter of fiscal 2025 remains optimistic, with expectations hovering around $240 billion, representing a potential increase of up to 2%. The company also projects revenue of $11.00 billion, plus or minus 2%, for the second quarter of fiscal 2024.
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