While AMD’s upcoming Vega architecture could see the company once again challenge Nvidia in the PC hardware market, the green side continues to dominate the sector. A fact evident in its record quarterly results.
Nvidia beat fourth quarter expectations with a revenue of $2.17 billion, a YoY increase of 55 percent. It also recorded a record quarterly non-GAAP gross margin of 60.2 percent, while non-GAAP earning per share were $1.13, up 117 percent from a year earlier. Forecasts had earnings of 83 cents per share and $2.11 billion in revenue.
The company’s fiscal 2017 summary also showed record figures. Revenue was $6.91 billion, up 38 percent from $5.01 billion a year earlier, while Non-GAAP earnings per share were up 83 percent to $3.06 from $1.67.
A lot of Nvidia’s success was due to the number of people buying its Pascal-based GPUs. Thanks to the continuing adoption of its GeForce 10 Series and new Titan X cards, the company’s gaming GPU business generated over $1.34 billion throughout the fourth quarter.
CEO Jen-Hsun Huang said the gaming market remains one of the firm’s core businesses, and he expects the rise of eSports to contribute to the section’s growth.
The company’s data center business also had a great quarter, bringing in $296 million, almost double the amount from the same period last year.
"We had a great finish to a record year, with continued strong growth across all our businesses," Huang said in a statement. "Our GPU computing platform is enjoying rapid adoption in artificial intelligence, cloud computing, gaming, and autonomous vehicles."
It wasn’t all good news for Nvidia; its original equipment manufacturer and intellectual property segment fell by 11 percent YoY. And as forecasts for the current quarter were only just above Wall Street expectations, shares fell slightly in after-hours trading.