Nvidia (NVDA) reported fiscal fourth-quarter earnings that exceeded analysts’ expectations, as demand for artificial intelligence powered sales to a fresh high.
The chipmaker posted record quarterly revenue of $39.33 billion, up 78% year-over-year and above the analyst consensus from Visible Alpha. Adjusted net income of $22.07 billion was up 72% from a year earlier and topped expectations.
Sales from Nvidia’s data center segment, representing the bulk of the chipmaker’s revenue, nearly doubled to a record $35.6 billion.
“We’ve successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter,” CEO Jensen Huang said in a release, calling the demand for Blackwell “amazing.”
Looking ahead, Nvidia forecast fiscal first-quarter revenue of $43 billion, plus or minus 2%. Analysts had been looking for $42.11 billion.
Shares of Nvidia were little changed in extended trading Wednesday following the release. They’ve added more than two-thirds of their value over the last 12 months through Wednesday’s close.
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