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NVIDIA Profit & Revenue Beat

February 9, 2018

NVIDIA reported record revenue for the fourth quarter ended January 28, 2018, of $2.91 billion, up 34 percent from $2.17 billion a year earlier, and up 10 percent from $2.64 billion in the previous quarter.

GAAP earnings per diluted share for the quarter were a record $1.78, up 80 percent from $0.99 a year ago and up 34 percent from $1.33 in the previous quarter. Non-GAAP earnings per diluted share were $1.72, also a record, up 52 percent from $1.13 a year earlier and up 29 percent from $1.33 in the previous quarter.

Investors were expecting a profit of $1.17 per share on revenue of $2.69 billion.

For fiscal 2018, revenue was a record $9.71 billion, up 41 percent from $6.91 billion a year earlier. GAAP earnings per diluted share were a record $4.82, up 88 percent from $2.57 a year earlier. Non-GAAP earnings per diluted share were $4.92, also a record, up 61 percent from $3.06 a year earlier.

“We achieved another record quarter, capping an excellent year,” said Jensen Huang, founder and chief executive officer of NVIDIA. “In a powerful sign of our progress, attendees at NVIDIA’s GPU Technology Conferences reached 22,000, up tenfold in five years, as software developers working in AI, self-driving cars, and a broad range of other fields continued to discover the acceleration and money-saving benefits of our GPU computing platform.

“Industries around the world are racing to incorporate AI. Virtually every internet and cloud service provider has embraced our Volta GPUs. Hundreds of transportation companies are using our NVIDIA DRIVE platform. From manufacturing and healthcare to smart cities, innovators are using our platform to invent the future,” he said.

 

Fourth Quarter Fiscal 2018 Highlights
During the fourth quarter, NVIDIA achieved progress in these areas:  

Datacenter

Gaming

  • Announced gaming laptops using the Max-Q design, which are 3x faster and 3x thinner than previous-generation gaming laptops.
  • Introduced BFGDs™, big format gaming displays, providing ultra-low latency PC gaming and integrated streaming on a high-end 65-inch display using NVIDIA G-SYNC™ technology with NVIDIA SHIELD™.
  • Enhanced GeForce Experience™ with new tools, including NVIDIA Freestyle for customizing gameplay and an updated interface for the NVIDIA Ansel photo mode, as well as new titles including PlayerUnknown’s Battleground and Fortnite that support NVIDIA ShadowPlay™ Highlights for capturing gaming achievements.
  • Increased its GeForce GPU share among gamers on the Steam online gaming platform to 86 percent.
  • Introduced two new collector’s edition Star Wars-themed NVIDIA TITAN Xp GPUs, tied to the release of Star Wars: The Last Jedi.

Automotive

  • Announced and demonstrated NVIDIA DRIVE™ Xavier™, the world’s first autonomous machine processor, with customer availability in the first quarter.
  • Announced NVIDIA DRIVE, the world’s first functionally safe AI self-driving platform, plus a suite of tools to test and validate neural networks by simulating all kind of driving conditions.
  • Unveiled partnerships with Uber and Aurora to develop self-driving cars using the open NVIDIA DRIVE AI self-driving platform.
  • Partnered with ZF and Baidu to create the first production AI autonomous vehicle platform for the China market, with Chery as the first customer.
  • Partnered with Volkswagen to integrate AI into future VW vehicles using the NVIDIA DRIVE IX intelligent experience platform and create AI cockpits with enhanced convenience and safety features.
  • Announced NVIDIA is powering the Mercedes-Benz MBUX in-car AI smart cockpit system, going into production next month with the new A-Class.
  • Announced NVIDIA is partnering with Continental to build AI self-driving vehicle systems, from enhanced Level 2 to Level 5, for production in 2021.

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