NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2024


Non-GAAP
($ in millions, except earnings
per share)
  Q4 FY24   Q3 FY24   Q4 FY23  Q/Q Y/Y
Revenue$22,103 $18,120 $6,051 Up 22%Up 265%
Gross margin 76.7%  75.0%  66.1% Up 1.7 ptsUp 10.6 pts
Operating expenses$2,210 $2,026 $1,775 Up 9%Up 25%
Operating income$14,749 $11,557 $2,224 Up 28%Up 563%
Net income$12,839 $10,020 $2,174 Up 28%Up 491%
Diluted earnings per share$5.16 $4.02 $0.88 Up 28%Up 486%
         

Fiscal 2024 Summary

GAAP
($ in millions, except earnings
per share)
  FY24     FY23   Y/Y
Revenue $60,922   $26,974   Up 126%
Gross margin   72.7%     56.9%   Up 15.8 pts
Operating expenses $11,329   $11,132   Up 2%
Operating income $32,972   $4,224   Up 681%
Net income $29,760   $4,368   Up 581%
Diluted earnings per share $11.93   $1.74   Up 586%

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