NASDAQ$NVDA
NVIDIA Corporation · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
NVIDIA's Q4 2020 earnings were released, revealing a revenue increase of 41% year-over-year and GAAP EPS up by 66%.
NVIDIA reported strong Q4 results with revenue of $3.11 billion, a 41% increase year-over-year. GAAP EPS was $1.53, up 66% year-over-year, and non-GAAP EPS was $1.89, up 136% year-over-year. Record data center revenue drove excellent results.
- NVIDIA reported Q4 revenue of $3.11 billion, up 41% year-over-year.
- GAAP earnings per diluted share for Q4 were $1.53, a 66% increase year-over-year.
- Non-GAAP earnings per diluted share for Q4 were $1.89, a 136% increase year-over-year.
- The company's fiscal year 2020 revenue was $10.92 billion, a 7% decrease year-over-year.
Headline financials
Revenue & EPS history
NVIDIA · Revenue · Quarterly
$3.11B
Revenue by segment
NVIDIA · $82.3B total across 2 segments · Q1 2027
- Data Center$75.2B—91.4%
- Graphics$7.07B—8.6%
Forward guidance
NVIDIA provided its outlook for the first quarter of fiscal year 2021, which does not include any contribution from the pending acquisition of Mellanox Technologies, Ltd. The company reduced its revenue outlook for the first quarter of fiscal 2021 by $100 million to account for the potential impact of the coronavirus.
Tailwinds
- Revenue is expected to be $3.00 billion, plus or minus 2 percent.
- GAAP gross margin is expected to be 65.0 percent, plus or minus 50 basis points.
- Non-GAAP gross margins are expected to be 65.4 percent, plus or minus 50 basis points.
- GAAP other income and expense are both expected to be income of approximately $25 million.
- Non-GAAP other income and expense are both expected to be income of approximately $25 million.
Headwinds
- The ultimate effect of the coronavirus is difficult to estimate.
- The company has reduced its revenue outlook for the first quarter of fiscal 2021 by $100 million to account for its potential impact.
- GAAP operating expenses are expected to be approximately $1.05 billion.
- Non-GAAP operating expenses are expected to be approximately $835 million.
- GAAP and non-GAAP tax rates are both expected to be 9 percent, plus or minus 1 percent, excluding any discrete items.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2020
+1.9%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+4.0%
Avg return
30 days after
55%
39 / 71 earnings
Positive
+25.7%
Q3 2017
Best reaction
-16.6%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -1.0% | — | — | |
| Q4 2026 | -1.7% | -7.9% | -14.3% | |
| Q3 2026 | -7.6% | -4.7% | -3.0% | |
| Q2 2026 | +1.7% | -6.0% | -1.9% | |
| Q1 2026 | +3.0% | +4.8% | +17.0% | |
| Q4 2025 | -8.5% | -11.6% | -16.5% | |
| Q3 2025 | -0.2% | -7.5% | -8.4% | |
| Q2 2025 | -8.3% | -7.0% | -5.4% | |
| Q1 2025 | -0.5% | +11.6% | +32.7% | |
| Q4 2024 | +13.1% | +13.9% | +35.8% | |
| Q3 2024 | -3.4% | -5.2% | -2.8% | |
| Q2 2024 | +3.3% | +2.6% | -8.9% | |
| Q1 2024 | +23.8% | +26.9% | +37.5% | |
| Q4 2023 | +14.5% | +13.8% | +29.6% | |
| Q3 2023 | -5.9% | -8.1% | -0.6% | |
| Q2 2023 | +4.2% | -8.0% | -27.2% | |
| Q1 2023 | +10.5% | +16.4% | +6.0% | |
| Q4 2022 | -7.5% | -10.8% | -0.2% | |
| Q3 2022 | +4.9% | +5.8% | -8.0% | |
| Q2 2022 | +1.7% | +12.8% | +12.6% | |
| Q1 2022 | -1.0% | +3.8% | +21.6% | |
| Q4 2021 | -5.9% | -2.1% | -9.2% | |
| Q3 2021 | +0.1% | -2.1% | -1.1% | |
| Q2 2021 | -1.0% | +3.7% | -0.6% | |
| Q1 2021 | +0.7% | -2.8% | +3.2% | |
| Q4 2020 | +6.3% | +8.8% | -11.6% | |
| Q3 2020 | -2.1% | -0.3% | +7.4% | |
| Q2 2020 | +6.4% | +11.9% | +21.2% | |
| Q1 2020 | -2.0% | -2.8% | -9.4% | |
| Q4 2019 | +2.9% | +2.5% | +11.1% | |
| Q3 2019 | -16.6% | -24.4% | -25.7% | |
| Q2 2019 | -5.6% | -2.2% | +6.7% | |
| Q1 2019 | -0.5% | -4.0% | +2.5% | |
| Q4 2018 | +1.4% | +1.7% | +7.2% | |
| Q3 2018 | +3.3% | +2.4% | -8.4% | |
| Q2 2018 | -9.3% | -3.0% | -4.9% | |
| Q1 2018 | +17.9% | +24.4% | +55.6% | |
| Q4 2017 | -4.4% | -8.3% | -16.4% | |
| Q3 2017 | +25.7% | +23.2% | +31.2% | |
| Q2 2017 | +8.2% | +7.0% | +1.7% | |
| Q1 2017 | +13.1% | — | — | |
| Q4 2016 | +11.3% | — | — | |
| Q3 2016 | +12.6% | — | — | |
| Q2 2016 | +11.7% | — | — | |
| Q1 2016 | -5.8% | — | — | |
| Q4 2015 | +6.4% | — | — | |
| Q3 2015 | -1.7% | — | — | |
| Q2 2015 | +7.7% | — | — | |
| Q1 2015 | -1.9% | — | — | |
| Q4 2014 | +6.8% | — | — | |
| Q3 2014 | +4.4% | — | — | |
| Q2 2014 | -0.8% | — | — | |
| Q1 2014 | +4.6% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | -3.3% | — | — | |
| Q2 2013 | +2.7% | — | — | |
| Q1 2013 | +5.7% | — | — | |
| Q4 2012 | +1.3% | — | — | |
| Q3 2012 | +4.6% | — | — | |
| Q2 2012 | +4.4% | — | — | |
| Q1 2012 | -8.1% | — | — | |
| Q4 2011 | +1.1% | — | — | |
| Q3 2011 | +4.1% | — | — | |
| Q2 2011 | -7.9% | — | — | |
| Q1 2010 | -0.8% | — | — | |
| Q1 2011 | -1.1% | — | — | |
| Q4 2008 | -4.7% | — | — | |
| Q3 2009 | -4.6% | — | — | |
| Q3 2010 | -4.6% | — | — | |
| Q2 2010 | +5.7% | — | — | |
| Q2 2009 | +5.7% | — | — |
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