NVIDIA’s Annual Revenue Soars 126%

The company posted record revenue of $60.9 billion for fiscal 2024.

NVIDIA has completed its fiscal 2024, which ended with record revenue of $60.9 billion. This represents growth of 126%.

Fourth-quarter revenue increased 256% year-over-year to $22.1 billion, another record. Of this, $18.4 billion came from the data center business, which saw an even greater improvement. In its case it was 409 %.

This level of growth is also reflected in earnings. NVIDIA’s full-year earnings per diluted share rose to $11.93 GAAP (up 586%) and $12.96 non-GAAP (up 288%).

For the third quarter, the company accumulated GAAP earnings of $4.93 per diluted share (up 765 %) and non-GAAP earnings of $5.16 (up 486 %).