Nvidia reported better-than-expected fiscal fourth-quarter results on Wednesday, driven by 75% revenue growth in its core data center business. The stock rose about 2% in extended trading.
Here's how the company did, compared with estimates from analysts polled by LSEG:
Earnings per share: $1.62 adjusted vs. $1.53 estimated
Revenue: $68.13 billion vs. $66.21 billion estimated
Nvidia's total revenue for the quarter climbed 73% from $39.3 billion a year earlier. The company now gets over 91% of sales from its data center unit, which houses its market leading artificial intelligence chips.
Data center revenue came in at $62.3 billion for the quarter, ahead of expectations for $60.69 billion, according to StreetAccount.
Net income almost doubled to $43 billion, or $1.76 a share, from $22.1 billion, or 89 cents per share, in the same quarter a year ago, the company said in a press release.
Guidance was also better than expected. Nvidia said revenue for the fiscal first quarter will be $78 billion, plus or minus 2%. Analysts were expecting $72.6 billion. Nvidia said it's not assuming data center revenue from China in its forecast.
