---
title: $NVDA NVIDIA Q4 FY24 by App Economy Insights.
description: "“Accelerated computing and generative AI have hit the tipping point.” ~ Jensen Huang. Nvidia crushed already high expectations: \n• Revenue +22% Q/Q to $22.1B ($1.6B beat).\n• Gross margin 76% (+2pp Q/Q).\n• Operating margin 62% (+4pp Q/Q).\n• Non-GAAP EPS $5.16 ($0.52 beat).\n\nQ1 FY25 guidance:\n• Revenue ~$24.0B ($2.0B beat).\n\nSUMMARY OF NVIDIA, $NVDA, EARNINGS CALL:\n1. Nvidia says demand still far exceeds supply for its products\n2. Conditions are \"excellent\" for continued growth into 2025\n3. Nvidia spent $9.2 billion in cash on share buybacks\n4. Data Center revenue of $18.4 billion is a new record and above expectations\n5. Nvidia has not received licenses to ship restricted chips to China\n6. Started to ship alternatives to China market in \"small volumes\".\n\nSource: App Economy Insights, The Kobeissi Letter"
---

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# [$NVDA NVIDIA Q4 FY24 by App Economy Insights.](https://blog.syzgroup.com/syz-the-moment/nvda-nvidia-q4-fy24-by-app-economy-insights)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Feb 22, 2024, 8:53:24 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/nvda-nvidia-q4-fy24-by-app-economy-insights)

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