NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2018

  • Record quarterly revenue of $2.91 billion, up 34 percent from a year ago
  • Record full-year revenue of $9.71 billion, up 41 percent from a year ago
  • Record quarterly GAAP gross margin of 61.9 percent, non-GAAP gross margin of 62.1 percent
  • Record full-year GAAP EPS of $4.82, up 88 percent from a year ago 

SANTA CLARA, Calif., Feb. 08, 2018 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ:NVDA) today 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. 

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.

Capital Return
During fiscal 2018, NVIDIA returned $1.25 billion to shareholders through a combination of $909 million in share repurchases and $341 million in quarterly cash dividends.

For fiscal 2019, NVIDIA intends to return $1.25 billion to shareholders through ongoing quarterly cash dividends and share repurchases.

NVIDIA will pay its next quarterly cash dividend of $0.15 per share on March 16, 2018, to all shareholders of record on February 23, 2018.

Q4 Fiscal 2018 Summary

GAAP
($ in millions except earnings per share) Q4 FY18 Q3 FY18 Q4 FY17 Q/Q Y/Y
Revenue$2,911 $2,636 $2,173 Up 10%Up 34%
Gross margin 61.9%  59.5%  60.0% Up 240 bpsUp 190 bps
Operating expenses$728 $674 $570 Up 8%Up 28%
Operating income$1,073 $895 $733 Up 20%Up 46%
Net income$1,118 $838 $655 Up 33%Up 71%
Diluted earnings per share$1.78 $1.33 $0.99 Up 34%Up 80%


Non-GAAP
($ in millions except earnings per share) Q4 FY18 Q3 FY18 Q4 FY17 Q/Q Y/Y
Revenue$2,911 $2,636 $2,173 Up 10%Up 34%
Gross margin 62.1%  59.7%  60.2% Up 240 bpsUp 190 bps
Operating expenses$607 $570 $498 Up 6%Up 22%
Operating income$1,202   $1,005   $809   Up 20% Up 49%
Net income $1,081   $833   $704   Up 30% Up 54%
Diluted earnings per share $1.72   $1.33   $1.13   Up 29% Up 52%

1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
Downstream : Solutuions for Post processing PCB Designs

Featured Video
Jobs
Applications Engineer for intersil at Palm Bay, FL
ASIC Hardware Engineer for BAE Systems Intelligence & Security at Arlington, VA
Design Verification Engineer for intersil at Morrisville, NC
Senior Formal FAE Location OPEN for EDA Careers at San Jose or Anywhere, CA
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, PA
Upcoming Events
DVCon US 2018 at Double Tree Hotel San Jose CA - Feb 26 - 1, 2018
5th EAI International Conference on Big data and Cloud Computing Challenges at Vandalur, Kelambakkam high road chennai Tamil Nadu India - Mar 8 - 9, 2018
DATE '18: Design, Automation and Test in Europe at International Congress Center Dresden Ostra-Ufer 2 Dresden Germany - Mar 19 - 23, 2018
DownStream: Solutions for Post Processing PCB Designs
TrueCircuits: UltraPLL



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise