Nvidia (NVDA) shares rose 3% in extended trading on Wednesday after the semiconductor giant reported fiscal fourth-quarter results and guidance that topped below Wall Street’s forecast by a wide margin.
For the period ending Jan. 25, Nvidia said it earned an adjusted $1.62 per share as revenue soared 73% year-over-year to come in at $68.13B. Data center revenue flew past expectations, coming in at $62.13B, compared to estimates of $60.36B. Automotive revenue for the period clocked in at $604M, while professional visualization revenue rose 74% year-over-year to $1.3B.
Gaming revenue for the period was $3.7B, up 48% year-over-year, but below the $4.01B estimate.
Adjusted gross margin came in at 75.2% for the quarter, in-line with estimates, while it generated $34.9B in free cash flow during the period.
Analysts had expected the company to earn an adjusted $1.54 per share on $65.91B in revenue.
“Computing demand is growing exponentially — the agentic AI inflection point has arrived. Grace Blackwell with NVLink is the king of inference today — delivering an order-of-magnitude lower cost per token — and Vera Rubin will extend that leadership even further,” said Jensen Huang, founder and CEO of Nvidia, in a statement. “Enterprise adoption of agents is skyrocketing. Our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth.”
Looking ahead to the fiscal first-quarter, Nvidia expects revenue to be $78B, plus or minus 2%. The company also said that it does not expect any revenue from China for the period. Analysts had expected the company to generate $72.78B in revenue.
Adjusted non-GAAP gross margins are expected to be 75%, plus or minus 50 basis points, inclusive of a 0.1% impact from stock-based compensation expense.
Julian Lin, Investing Group Leader for Best Of Breed Growth Stocks, said the results were incredible. “It is hard to argue with CEO Jensen Huang’s assertion that the company is entering a new age with Agentic AI,” Lin said via email. “We have already seen glimpses of AI disruption but with growth accelerating yet again, it has already arrived for [Nvidia].”
Shares of other semiconductor companies, including AMD (AMD), ARM (ARM), ASML (ASML), Taiwan Semiconductor (TSM) and Intel (INTC) moved in tandem in after-hours trading following the results and guidance. Super Micro Computer (SMCI) also rose following Nvidia’s results.
In conjunction with the results, Nvidia said it would pay its quarterly dividend of $0.01 per share to shareholders on April 1, to all shareholders of record on March 11.
The company will host a conference call at 5 p.m. EST to discuss the results.
(This story has been updated to include analyst commentary.)