NVIDIA Reports Record Quarterly Revenue in Fiscal 2024
Earnings Announcement Expected on May 22, 2024
Financial Highlights
NVIDIA Corporation (NASDAQ: NVDA) is scheduled to release its fourth-quarter and fiscal 2024 earnings results after market close on May 22, 2024. The report will provide an update on the company's financial performance for the quarter ended January 28, 2024.
In its previous quarterly earnings report, NVIDIA announced record quarterly revenue of $22.1 billion, representing a 22% increase from the previous quarter and a 26.5% increase from the year-ago period. GAAP diluted earnings per share (EPS) for the fourth quarter were $4.93, up 33% from the previous quarter and 76.5% from the previous year.
NVIDIA also reported revenue for the third quarter ended October 29, 2023, of $18.12 billion, up 20.6% from a year ago and 3.4% from the previous quarter. GAAP diluted EPS for the third quarter was $4.25, a 6% increase from the previous quarter and a 59% increase from the previous year.
Investors and analysts will be watching closely for NVIDIA's latest earnings results to gauge the company's growth prospects and the overall health of the semiconductor industry. Key areas of focus include the company's revenue performance across its various business segments, its gross margin, and its earnings outlook for the upcoming fiscal year.
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