NVIDIA Announces Record-Breaking Financial Results for Q4 and Fiscal 2024
Exceptional Quarterly and Full-Year Revenue Growth
SANTA CLARA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ: NVDA) today announced its financial results for the fourth quarter and fiscal year ended January 28, 2024. The company achieved record quarterly revenue of $22.1 billion, representing a 22% increase year-over-year. This remarkable growth is driven by strong demand for the company's computing, graphics, and networking products across its key markets.
Full-Year Revenue Surges to New Heights
For the full fiscal year 2024, NVIDIA reported revenue of $60.9 billion, a significant 12.6% increase compared to the previous year. This impressive growth reflects the company's sustained leadership in the rapidly expanding AI and data center markets. The company's products are essential for a wide range of industries, including healthcare, automotive, and manufacturing, which are increasingly relying on AI for innovation and efficiency.
Projected Strong Performance in Fiscal Q1 2025
Looking ahead, NVIDIA is projected to continue its growth trajectory. In its fiscal first quarter of 2025, the company expects to deliver earnings of $1.32 billion on sales of $2.47 billion, representing an increase of 54.4% and 24.3%, respectively, from the previous year's quarter.
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