Chipmaker Nvidia reported its fourth-quarter earnings after the bell on Wednesday, beating the expectations of Wall Street analysts. The company also issued strong guidance for the current quarter on the back of an “amazing” demand for its latest artificial intelligence (AI) chip Blackwell.
Nvidia reported a record $39.33 billion in revenue in Q4 compared to $38.05 billion expected by analysts. It marks a 12% growth compared to the previous quarter and a 78% year-over-year increase. The company’s diluted earnings per share jumped 82% compared to the same period last year, coming to $0.89 per share versus estimates of $0.84.
Nvidia now forecasts $43 billion in revenue for the first quarter of fiscal 2025 while the analysts estimate $41.78 billion.
The majority of Nvidia’s revenue came from its AI chips, with Blackwell sales contributing $11 billion.
“We’ve successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter,” CEO Jensen Huang said in a statement. “AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries.”
Nvidia’s stock jumped by 3.67% ahead of the earnings release. It closed at $131.28 per share on Wednesday, being 5.08% down since the beginning of the year. The company’s shares saw a modest jump of 1.69% in the after-hours trading.