Thursday, February 8th 2018

NVIDIA Announces Q4 and Fiscal 2018 Results

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.

NVIDIA's outlook for the first quarter of fiscal 2019 is as follows:
  • Revenue is expected to be $2.90 billion, plus or minus two percent.
  • GAAP and non-GAAP gross margins are expected to be 62.7 percent and 63.0 percent, respectively, plus or minus 50 basis points.
  • GAAP and non-GAAP operating expenses are expected to be approximately $770 million and $645 million, respectively.
  • GAAP and non-GAAP other income and expense are both expected to be nominal.
  • GAAP and non-GAAP tax rates are both expected to be 12 percent, plus or minus one percent, excluding any discrete items. GAAP discrete items include excess tax benefits or deficiencies related to stock-based compensation, which the company expects to generate variability on a quarter by quarter basis.
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13 Comments on NVIDIA Announces Q4 and Fiscal 2018 Results

#1
cdawall
where the hell are my stars
Man those are some pretty numbers
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#2
Tomgang
With all these cards miners are buying, it comes as no surprise nvidia comming in strong at those numbers.
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#3
DarkOCean
Given the huge margins they were having even before all this craziness it's no wonder they're beating every record in profit every new quarter.
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#4
Chaitanya
"cdawall said:
Man those are some pretty numbers
No matter how much gamers cursed miners, it seems like both AMD and nVidia have managed to earn quite a lot of profit thanks to mining craze.
Posted on Reply
#5
cdawall
where the hell are my stars
"Chaitanya said:
No matter how much gamers cursed miners, it seems like both AMD and nVidia have managed to earn quite a lot of profit thanks to mining craze.
I have mentioned that multiple times and been told I was wrong. :roll:
Posted on Reply
#7
ArbitraryAffection
"Chaitanya said:
No matter how much gamers cursed miners, it seems like both AMD and nVidia have managed to earn quite a lot of profit thanks to mining craze.
I bet the Retailers made a good chunk too, what with the price gouging >_>
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#9
john_
19th century
"selling shovels in a gold rush"

21st century
"selling GPUs in a cryptomining rush"
Posted on Reply
#11
Vya Domus
"ArbitraryAffection said:
I bet the Retailers made a good chunk too, what with the price gouging >_>
I'd say the biggest chunk.
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#12
aldo5
No suprprises here a 2 year old architecture (Pascal) not even top of the range cards (gtx 1070 gtx 1080) sells for 800$ and more (and is sold out). Question is: will it back lash to nividia, when all those mining rigs will be docomplected (when electricity costs exceed mined currency value) and hit secondhand market for 1/3 of a price and maybe even less? I think that answer is NO, because in that scenarion Nvidia will release Volta the next day and will offer gtx 1080ti level of Volta for 500$ and gtx 1080 level Volta for 400$ - any gamer will grab that with a relief... Now for MAD - I thing they will be screwed - because their gpu current generations price/performance and performance/power ratios are something so retarded that is not even funny anymore.... their next gen probably is as lackluster as their Vega was - only miners would want cards like that.
Posted on Reply
#13
john_
"aldo5 said:
No suprprises here a 2 year old architecture (Pascal) not even top of the range cards (gtx 1070 gtx 1080) sells for 800$ and more (and is sold out). Question is: will it back lash to nividia, when all those mining rigs will be docomplected (when electricity costs exceed mined currency value) and hit secondhand market for 1/3 of a price and maybe even less? I think that answer is NO, because in that scenarion Nvidia will release Volta the next day and will offer gtx 1080ti level of Volta for 500$ and gtx 1080 level Volta for 400$ - any gamer will grab that with a relief... Now for MAD - I thing they will be screwed - because their gpu current generations price/performance and performance/power ratios are something so retarded that is not even funny anymore.... their next gen probably is as lackluster as their Vega was - only miners would want cards like that.
If you can get a new gen card with performance equal of 1080 Ti for $500, then the original 1080 Ti would probably sell for $400. That will definitely cut sales of new Nvidia cards.
Now, if Nvidia offers a new generation of cards that mine like crazy, they will keep posting record profits for more quarters.

AMD, or MAD if you prefer, will just sell to miners, promote APUs, expand it's cooperation with Intel and try to keep Apple as a customer. They will improve efficiency with the 7nm shrink of Vega, that will keep them in specific areas of the market and leave high end gaming to Nvidia. A couple of years ago, before Vega, I was saying that Navi will be AMD's come back. Now I am not so sure. With Koduri gone, probably we will have to wait for the architecture that will completely leave GCN behind.
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