The following is a summary of the NVIDIA Corporation (NVDA) Q4 2024 Earnings Call Transcript:
Financial Performance:
NVIDIA reported Q4 revenue of $22.1 billion, a 22% sequential and 265% YoY increase.
Fiscal 2024 total revenue was $60.9 billion, up 126% YoY.
Data center revenue for fiscal 2024 was $47.5 billion, tripling YoY.
Q4 data center revenue was a record $18.4 billion, up 27% sequentially and 409% YoY.
Q4 gaming revenue was $2.87 billion, flat sequentially but up 56% YoY.
Q4 gross margins expanded to 76% for GAAP and 76.7% for non-GAAP.
Business Progress:
NVIDIA is moving from general-purpose to accelerated computing in data center infrastructure.
The new Hopper GPU computing platform and Infiniband end-to-end networking drove Q4 data center growth.
NVIDIA's AI Tensor cores and GPUs deliver up to 836 AI tops, fuelling generative AI applications.
NVIDIA's GeForce RTX 40 Super Series GPUs launched at CES are showing strong potential.
Automotive partnerships have been announced with Li Auto, ZEEKR, and Xiaomi EV.
NVIDIA expects to deliver Spectrum-X, an AI-optimized networking solution, in the current quarter.
Despite supply constraints, demand for NVIDIA products remains high, expected to continue throughout the year.
Automotive vertical revenue exceeded $1 billion last year, with significant growth expected in automotive data processing.
NVIDIA is seeing growth in the InfiniBand business and new products like H200 and Spectrum-X.
NVIDIA AI Enterprise reached a $1 billion business run rate.
The company is adjusting to new U.S. export restrictions to China, pausing shipments to comply with the regulations.
More details: NVIDIA IR
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