Nvidia (NVDA): report on the results of the 4th quarter of the 2024 financial year

Nvidia (NVDA) Fourth Quarter 2024 Financial Recap

Nvidia, a leading manufacturer of graphics processors and AI solutions, has reported its financial results for the fourth quarter of the fiscal year 2024. The company demonstrated impressive growth in key metrics, surpassing analysts’ expectations.

Nvidia (NVDA) report on the results of the 4th quarter of the 2024 financial year

About Nvidia (NVDA)

Nvidia (NVDA) is a global leader in computer graphics and computing. It specializes in the development and production of graphics processing units (GPUs) used in a wide range of computing systems, including gaming consoles, autonomous vehicles, artificial intelligence, and more.

Financial Performance Highlights

Here are the main indicators of Nvidia’s financial report for the 4th quarter of fiscal year 2024:

MetricValueYear-over-Year Change
Revenue$22.10 billion↑ +265%
Operating Profit$13.62 billion↑ +983%
Net Profit$12.29 billion↑ +769%
EPS$4.93↑ +765%

Analytical Conclusion

Nvidia continues to demonstrate impressive growth, exceeding market expectations. The significant increase in revenue and profit in the fourth quarter of 2024 reflects the company’s strong position in the market, particularly in the data center segment. The forecast for the first quarter of 2025 is also above expectations, confirming investor confidence in the company’s continued growth. Nvidia’s success underscores the significance and prospects of the artificial intelligence industry, as well as reaffirms its leadership position in this field.

You may also like...