- Nvidia reported Q4 2024 revenue of $39.3 billion, a 12% increase, earning $0.89 adjusted EPS, surpassing analyst predictions
- Nvidia’s data center unit drove growth with $35.6 billion in sales, exceeding forecasts and boosting overall performance
- Anticipated spring quarter revenue is $43 billion, while Nvidia faces competition from China’s DeepSeek AI model
Tech giant Nvidia reported its Q4 2024 earnings this Wednesday, showing impressive revenue growth in this period. For the fourth quarter ended January 26, 2025, the company reached $39.3 billion in revenue—a 12% increase, earning around $0.89 adjusted earnings per share.
These results show impressive financial performance and can be seen as a glimpse of what to expect in the next quarter’s results. On January 27, a day after the fourth quarter ended, Nvidia was challenged by the new AI model by Chinese firm “DeepSeek”.
At the time, the new model’s release significantly affected Nvidia and most of Wall Street. The fact that DeepSeek was able to introduce a competent AI product that cost only a fraction of the price led many to ponder if U.S. companies investing in AI like OpenAI and Nvidia were overvalued.
But nonetheless, the 12% revenue increase seen in Nvidia’s Q4 represents a year-over-year revenue growth of 78% and profit growth of 71%. Analysts had predicted revenue of $38.1 billion and adjusted EPS of $0.85, according to FactSet data, making Nvidia’s results a pleasant surprise.
A major driver of this growth was Nvidia’s data center unit, which brought in $35.6 billion in sales, surpassing the forecast of $33.5 billion. This unit is responsible for powering many generative AI models, including Nvidia’s own Blackwell GPU system. CEO Jensen Huang described the demand for the Blackwell system as “amazing.”
Looking ahead, Nvidia anticipates revenue for the spring quarter to be around $43 billion, with a potential variance of 2%. Wall Street’s estimate for the same period was slightly lower, at $42.7 billion.
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