NVIDIA Corporation (NASDAQ:NVDA) released its FQ4 2018 earnings results after closing bell. On a non-GAAP basis, NVIDIA earnings came in at $1.72 per share on $2.91 billion in sales. Analysts had been expecting earnings of $1.16 per share on $2.67 billion in revenue. In the year-ago quarter, NVIDIA earnings amounted to $1.13 per share on $2.17 billion in revenue.
On a GAAP basis, NVIDIA earnings came in at $1.78 per share, versus the 99 cents per share the company reported in the same quarter a year ago. The chip maker’s GAAP gross margin rose to a new record of 61.9%, while its non-GAAP gross margin was 62.1%, compared to 60% and 60.2%, respectively, in the same quarter a year ago.
NVIDIA management said adoption of the company’s Volta GPUs has been strong among industries and that “hundreds” of transportation firms are using the NVIDIA DRIVE platform.
RV Capital Co-Investor Letter for the first half ended June 2022. Q2 2022 hedge fund letters, conferences and more Dear Co-Investors,