Nvidia(NVDA) - 2024 Q4 - Annual Results

NVIDIA Financial Performance - NVIDIA's Q4 2024 revenue reached $22.103 billion, a significant increase from $6.051 billion in Q4 2023[7] - Gross profit for Q4 2024 was $16.791 billion, compared to $3.833 billion in Q4 2023[7] - Net income for Q4 2024 was $12.285 billion, up from $1.414 billion in Q4 2023[7] - NVIDIA's cash, cash equivalents, and marketable securities increased to $25.984 billion as of January 28, 2024, from $13.296 billion a year earlier[8] - Net cash provided by operating activities for Q4 2024 was $11.499 billion, compared to $2.249 billion in Q4 2023[9] - NVIDIA's research and development expenses for Q4 2024 were $2.465 billion, up from $1.951 billion in Q4 2023[7] - NVIDIA's total current assets as of January 28, 2024, were $44.345 billion, compared to $23.073 billion a year earlier[8] - Record quarterly revenue of $22.1 billion, up 22% from Q3 and up 265% from the previous year[12] - Record full-year revenue of $60.9 billion, up 126% from the previous year[12] - GAAP earnings per diluted share for Q4 was $4.93, up 33% from the previous quarter and up 765% from a year ago[12] - Non-GAAP earnings per diluted share for Q4 was $5.16, up 28% from the previous quarter and up 486% from a year ago[12] - Q4 GAAP gross margin was 76.0%, up 2.0 percentage points from Q3 and up 12.7 percentage points from the previous year[15] - Q4 GAAP operating income was $13.615 billion, up 31% from Q3 and up 983% from the previous year[15] - Full-year GAAP net income was $29.760 billion, up 581% from the previous year[16] - Full-year non-GAAP net income was $32.312 billion, up 286% from the previous year[36] - Revenue for Q1 FY25 is expected to be $24.0 billion, plus or minus 2%[17] - GAAP and non-GAAP gross margins for Q1 FY25 are expected to be 76.3% and 77.0%, respectively, plus or minus 50 basis points[37] - GAAP net cash provided by operating activities was $11.499 billion for the three months ended January 28, 2024[65] - Non-GAAP diluted net income per share was $5.16 for the three months ended January 28, 2024[65] - GAAP gross margin was 76.3% with a non-GAAP gross margin of 77.0% for Q1 FY2025[66] NVIDIA Product and Technology Innovations - NVIDIA introduced microservices for the NVIDIA Avatar Cloud Engine, enabling game and application developers to integrate generative AI models into non-playable characters[1] - NVIDIA announced the adoption of its NVIDIA Omniverse™ by the global automotive-configurator ecosystem[2] - NVIDIA DRIVE® platform adoption expanded, with Great Wall Motors, ZEEKR, and Xiaomi using DRIVE Orin™, and Li Auto selecting DRIVE Thor™[3] - Announced generative AI capabilities for its installed base of over 100 million RTX AI PCs, including Tensor-RT™ LLM and Chat with RTX[43] - Introduced NVIDIA MONAI™ cloud APIs to help developers and platform providers integrate AI into their medical-imaging offerings[55] - Launched GeForce RTX™ 40 SUPER Series GPUs, starting at $599, which support the latest NVIDIA RTX™ technologies[57] NVIDIA Revenue and Growth in Specific Segments - Fourth-quarter revenue was $463 million, up 11% from the previous quarter and up 105% from a year ago[44] - Full-year revenue rose 1% to $1.6 billion[44] - Fourth-quarter revenue was $281 million, up 8% from the previous quarter and down 4% from a year ago[45] - Full-year revenue rose 21% to $1.1 billion[45]