NVIDIA beats by $0.40, beats on revs; guides Q1 revs above consensus (217.52 -11.28)
- Reports Q4 (Jan) earnings of $1.72 per share, excluding non-recurring items, $0.40 better than the Capital IQ Consensus of $1.32; revenues rose 34.0% year/year to $2.91 bln vs the $2.67 bln Capital IQ Consensus.
- Gaming rev 29% to $1.74 bln; data center +105% to $606 mln (+21% Q/Q); auto +3% to $132 mln; visualization +13% to $254 mln.
- Co issues guidance for Q1, sees EPS of $1.59-1.72 (based on rev, 62.5-63.5% gross margin, $645 mln in op-ex and 12% tax rate, may not be comparable to $1.13 Capital IQ Consensus Estimate; sees Q1 revs of $2.84-2.96 bln vs. $2.47 bln Capital IQ Consensus Estimate.
- "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." For fiscal 2019, NVIDIA intends to return $1.25 billion to shareholders through ongoing quarterly cash dividends and share repurchases
