On February 14th NVIDIA reported its fourth-quarter financial results for the fiscal year ended January 26. NVIDIA reported revenue of $3.105 billion in the quarter, beating market expectations of $2.965 billion, up 41% from $2.205 billion a year earlier, while gross profit was $2.03 billion, with a gross margin of 64.5 percent. Net profit was $950 million, up 68 percent from $567 million a year earlier. Adjusted net profit was $1,172 million, up 136 percent from a year earlier, according to U.S. GAAP.
To break up into the business, GEFORCE game graphics remained the most important revenue, with revenue of $1.49 billion, slightly below market expectations of $1.52 billion. Data center revenue, however, jumped 42.6 percent to $968 million, well above market expectations of $829 million.
NVIDIA shares rose 5.18 per cent to $284.81 after the results were released, giving the company a market capitalisation of $165.7 billion.
In terms of its forecast for the new fiscal year, NVIDIA’s forecast for Q1 revenue in 2021 is $3 billion, compared with a market forecast of $2.86 billion, but if the current outbreak is taken into account, NVIDIA is likely to fail to meet its expected revenue.