Nvidia

Breaking News today USA Time in the early morning of February 17th, Nvidia today announced the company’s fourth quarter and full-year financial results for fiscal 2022. According to the report, Nvidia’s fourth-quarter revenue was US$7.643 billion, an increase of 53% compared with US$5.003 billion in the same period last year, and an increase of 8% compared with US$7.103 billion in the previous quarter; net profit was US$3.003 billion, compared with $1.457 billion in the same period last year increased 106% and compared to $2.464 billion in the previous quarter, an increase of 22%; excluding certain one-time items (not in accordance with GAAP), NVIDIA adjusted for the fourth quarter Net profit was US$3.350 billion, an increase of 71% compared to US$1.957 billion in the same period last year and an increase of 13% compared to US$2.973 billion in the previous quarter.

Nvidia’s revenue and adjusted earnings per share in the fourth quarter of fiscal 2022 exceeded Wall Street analysts’ previous expectations, and its revenue outlook for the first quarter of fiscal 2023 also exceeded expectations, but its shares still fell more than 1% after the market.

Key results for the fourth quarter:

Nvidia’s fourth-quarter revenue

In the quarter ended January 30, Nvidia’s net profit was $3.003 billion, an increase of 106% compared with $1.457 billion in the same period last year and a 22% increase compared to $2.464 billion in the previous quarter; Shares diluted earnings were $1.18, an increase of 103% from $0.58 a year earlier and a 22% increase from $0.97 in the prior quarter.

Yahoo Finance Channel

Excluding certain one-time items (not in accordance with GAAP), Nvidia’s fourth-quarter adjusted net income was $3.350 billion, an increase of 71% compared to $1.957 billion in the same period last year, and an increase of 71% compared to $29.73 in the previous quarter 13% increase from $100 million; adjusted earnings per diluted share of $1.32 increased 69% from $0.78 in the prior year and 13% from $1.17 in the prior quarter, outperforming analysts expected. According to data provided by Yahoo Finance Channel, 31 analysts had expected Nvidia’s fourth-quarter earnings per share to reach $1.22 on average.

fourth-quarter revenue

Nvidia’s fourth-quarter revenue was $7.643 billion, an increase of 53% from $5.003 billion in the same period last year and an 8% increase from $7.103 billion in the previous quarter, a performance that also exceeded analyst expectations. According to data provided by Yahoo Finance, 32 analysts had expected Nvidia’s fourth-quarter revenue to reach $7.42 billion on average.

Accordance with GAAP

Nvidia’s fourth-quarter gross profit was $4.999 billion, compared to $3.157 billion a year earlier and $4.631 billion the previous quarter. Excluding certain one-time items (not in accordance with GAAP), Nvidia’s fourth-quarter adjusted gross profit was $5.124 billion, compared to $3.276 billion a year earlier and $4.761 billion in the prior quarter .

Adjusted Gross Margin

Nvidia’s fourth-quarter gross margin was 65.4%, up 230 basis points from 63.1% a year earlier and up 20 basis points from 65.2% in the prior quarter. Excluding certain one-time items (not in accordance with GAAP), Nvidia’s adjusted gross margin was 67.0% in the fourth quarter, up 150 basis points compared to 65.5% in the prior year and 67.0% in the prior quarter compared to flat.

Expenditures in the fourth quarter

Nvidia’s fourth-quarter operating expenses were $2.029 billion, an increase of 23% compared to $1.650 billion a year earlier and a 4% increase compared to $1.960 billion in the previous quarter. Among them, Nvidia’s R&D expenditures in the fourth quarter were $1.466 billion, compared with $1.147 billion in the same period last year; sales, general and administrative expenses were $563 million, compared with $503 million in the same period last year. Excluding certain one-time items (not in accordance with GAAP), Nvidia’s adjusted operating expenses in the fourth quarter were $1.447 billion, an increase of 22% compared to $1.187 billion in the prior year period and $13.75 in the prior quarter. million dollars, an increase of 5%.

Quarter Million Dollars

Nvidia’s fourth-quarter operating profit was $2.970 billion, an increase of 97% from $1.507 billion in the same period a year earlier and an increase of 11% from $2.671 billion in the previous quarter. Excluding certain one-time items (not in accordance with GAAP), Nvidia’s fourth-quarter adjusted operating profit was $3.677 billion, an increase of 76% compared to $2.089 billion in the prior year and $29.73 in the prior quarter million dollars, an increase of 13%.

The main results of the year

For the full fiscal year 2022

For the full fiscal year 2022, Nvidia’s net profit was $9.752 billion, an increase of 125% compared with $4.332 billion in fiscal 2021; diluted earnings per share were $3.85, an increase of 123% compared with $1.73 in fiscal 2021.

Excluding certain one-time items (not in accordance with GAAP), Nvidia’s fiscal 2022 net income was $11.259 billion, up 79% from $6.277 billion in fiscal 2021; diluted earnings per share were $4.44 , up 78% from $2.50 in fiscal 2021, beating analyst expectations. According to data provided by Yahoo Finance, 35 analysts had expected Nvidia’s fiscal 2022 earnings per share to reach $4.34 on average.

Nvidia’s fiscal 2022

Nvidia’s fiscal 2022 revenue was $26.914 billion, a 61% increase from $16.675 billion in fiscal 2021, also exceeding analysts’ expectations. According to data provided by Yahoo Finance, 41 analysts had expected Nvidia’s fiscal 2022 revenue to reach $26.69 billion on average.

Nvidia’s fiscal 2022 gross margin was 64.9%, up 260 basis points from 62.3% in fiscal 2021. Excluding certain one-time items (not in accordance with GAAP), Nvidia’s fiscal 2022 adjusted gross margin was 66.8%, up 120 basis points from 65.6% in fiscal 2021.

Nvidia’s fiscal 2022 operating expenses were $7.434 billion, up 27% from $5.864 billion in fiscal 2021. Excluding certain one-time items (not in accordance with GAAP), Nvidia’s fiscal 2022 adjusted operating expenses were $5.279 billion, up 27% from $4.144 billion in fiscal 2021.Nvidia’s fiscal 2022 operating profit was $10.041 billion, a 122% increase from $4.532 billion in fiscal 2021. Excluding certain one-time items (not in accordance with GAAP), Nvidia’s fiscal 2022 operating profit was $12.690 billion, up 87% from $6.803 billion in fiscal 2021.

Additional Financial Information

In the fourth quarter of fiscal 2022, Nvidia paid shareholders a quarterly cash dividend of $100 million. Throughout fiscal 2022, Nvidia paid shareholders $399 million in cash dividends.Nvidia will pay its next quarterly cash dividend of $0.04 per share on March 24, 2022 to all shareholders of record as of March 3, 2022.

Performance Outlook

Nvidia expects the company’s revenue to reach $8.1 billion in the first quarter of fiscal 2023, plus or minus 2%, exceeding analysts’ expectations; gross profit margins in accordance with and not in accordance with GAAP are expected to reach 65.2% and 67.0%, respectively. %, plus or minus 50 basis points; operating expenses under GAAP and non-GAAP are expected to be approximately $3.55 billion and $1.60 billion, respectively; other revenue is expected to be $55 million both with and without GAAP around 11% and 13% for GAAP and non-GAAP tax rates, plus or minus 1%. According to data provided by Yahoo Finance, 30 analysts had expected Nvidia’s first-quarter revenue to reach $7.29 billion on average.

Share price changes:

On the same day, Nvidia shares traded on the closed up $0.16, or 0.06%, at $265.11 in regular trading. In subsequent after-hours trading as of 4:35 p.m. ET on Wednesday (5:35 a.m. Beijing time on Thursday), Nvidia shares fell $3.01, or 1.14%, to $262.10. In the past 52 weeks, Nvidia’s highest price was $346.47 and its lowest price was $115.67.

By Saad

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