This afternoon NVIDIA announced yet another record quarter, with revenues of $2.91 billion, which is up 34% from a year ago. Gross margin was 61.9%, and operating income was up 46% to $1.07 billion. Net income for the quarter was $1.12 billion, up 71% from a year ago, which provided diluted earnings per share of $1.78.

NVIDIA Q4 2018 Financial Results (GAAP)
  Q4'2018 Q3'2018 Q4'2017 Q/Q Y/Y
Revenue $2911M $2636M $2173M +10% +34%
Gross Margin 61.9% 59.5% 60.0% +2.4% +1.9%
Operating Income $1073M $895M $733M +20% +46%
Net Income $1118M $838M $655M +33% +71%
EPS $1.78 $1.33 $0.99 +34% +80%

For their 2018 fiscal year, NVIDIA racked up $9.71 billion in revenue, which is up 41% from a year ago. Earnings per share for the year were $4.82, up 88%.

NVIDIA has kind of hit a magic sweet spot, where they had been diversifying into growing markets, but have found themselves also swept up in the GPU fed craze of cryptocurrency, feeding their core business as well.

Gaming, which is their GeForce lineup, had revenues for the quarter of $1.74 billion, up almost $400 million from a year ago. But for the entire fiscal year, they haven’t even refreshed their lineup, although the Pascal series of GPUs have certainly been strong in terms of performance and efficiency. But you’d be lucky to find any in stock thanks to the copious number of GPUs purchased for mining coins. It’s not been ideal for gamers, but for NVIDIA’s R&D, and their investors, it’s been welcome news.

Professional Visualization was also up about 13% to $254 million. Growth here was attributed to the ultra-high-end and high-end desktop workstations, such as the Quadro GP100 launched earlier in the fiscal year.

NVIDIA’s foray into the datacenter is also paying off with substantial growth. Datacenter includes Tesla, GRID, and DGX systems, and for the quarter, NVIDIA saw revenues of $606 million, which are up 105% from a year ago.

Automotive was up a more modest 3% to $132 million, and we’ve seen NVIDIA get some big design wins with large automotive companies with their DRIVE platforms.

Automotive is powered by Tegra, and including the automotive sales, Tegra brought in $450 million this quarter, and the very popular Nintendo Switch is likely a nice chunk of that.

OEM and IP was $180 million for the quarter, which is up about 2.2%, and NVIDIA stated their licensing agreement with Intel concluded in the first quarter of fiscal year 2018.

NVIDIA Quarterly Revenue Comparison (GAAP)
($ in millions)
In millions Q4'2018 Q3'2018 Q4'2017 Q/Q Y/Y
Gaming $1739 $1561 $1348 +11% +29%
Professional Visualization $254 $239 $225 +6% +13%
Datacenter $606 $501 $296 +21% +105%
Automotive $132 $144 $128 -8% +3%
OEM & IP $180 $191 $176 -6% +2%

For Q1 2019, NVIDIA is forecasting revenues of $2.9 billion, plus or minus 2%.

Source: NVIDIA Investor Relations

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  • boozed - Thursday, February 08, 2018 - link

    *looks at Apple*
    Call that a gross margin?
    *holds up quarterly report*
    THAT's a gross margin.
    Reply
  • xype - Friday, February 09, 2018 - link

    *looks back at Nvidia*
    Cute profit, there!
    Reply
  • MrSpadge - Friday, February 09, 2018 - link

    Well, you can't have that many apples in the world. Reply
  • Samus - Friday, February 09, 2018 - link

    Well, considering NVidia doesn't really even 'make' anything, a billion dollars profit in a quarter is pretty good for shuffling GPU's from TSMC to their partners.

    Apple, on the other hand, sells a variety of products direct to consumer. NVidia makes reference designs, their partners actually produce them though. NVidia doesn't sell anything direct to consumer...unless you consider the Shield an actual product?
    Reply
  • edzieba - Friday, February 09, 2018 - link

    Well, considering Apple doesn't really even 'make' anything, 20 billion dollars profit in a quarter is pretty good for shuffling hardware's from Foxconn to their partners. Reply
  • UltraWide - Friday, February 09, 2018 - link

    LOL you guys are killing me with the humor! :clap: Reply
  • Samus - Friday, February 09, 2018 - link

    Edzieba, your play on words wreaks of a desperate attempt for attention. Apple doesn’t shuffle anything to their “partners”. Nobody is licensed to make Apple products except Apple. They do t have partners. You need authorization to just sell Apple products! Apple sells direct to customer (CTO) and has an entirely different business model, ecosystem, and portfolio to nvidia. My whole point was in rebutted to mrspadges attempt to compare the two companies...that appearantly went right over your head.

    When nvidia opens a chain of stores, cuts off their partners and exclusively makes products ala 3Dfx, and burns all their OEM contracts, then perhaps they will become more like Apple lol
    Reply
  • JoeyJoJo123 - Monday, February 12, 2018 - link

    Get #rekt applel shill. Reply
  • vladx - Sunday, February 18, 2018 - link

    Lmao Samus - Apple shill confirmed. Reply
  • sowoky - Friday, February 09, 2018 - link

    https://www.nvidia.com/en-us/shop/

    Not to mention, much of their revenue is not from consumer products, but from automakers, auto suppliers, oems, enterprises, cloud providers, etc.
    Reply

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