For fiscal 2022, revenue was a record $26.91 billion, up 61 percent from $16.68 billion a year ago. GAAP earnings per diluted share were a record $3.85, up 123 percent from $1.73 a year ago.
Non-GAAP earnings per diluted share were $4.44, up 78 percent from $2.50 a year ago.
[Not a record?]
Record quarterly and fiscal-year revenue for Gaming, Data Center and Professional Visualization
But:
Automotive and Robotics
Fourth-quarter Automotive revenue was $125 million, down 14 percent from a year ago and down 7 percent from the previous quarter. Fiscal-year revenue rose 6 percent to $566 million.
Guidance for first quarter of fiscal 2023 is as follows:
Revenue is expected to be $8.10 billion, plus or minus 2 percent. GAAP margins +65.2% non-GAAP gross margins 67.0%
I’m glad I’m not flexible enough to kick myself! I sold NVDA at a low point in February 2019 (146.50). Today 265.11. CAGR 21.72%
The problem I’m finding with Saul’s SaaS stocks is that I have a hard time understanding what they do. To the contrary Tesla makes cars. Do you understand cars? Nvidia makes chips and software for rendering and AI. ARM creates IP for processor chips that find their way into just about everything.
SaaS is supposedly asset light but they sure have to invest a lot of cash into buying customers which while increasing gross margin reduces operating margin. Not so asset light after all. Apple is a wonderful model, it started out as a hardware company with the Apple ][ but in time it became a high tech company with the Apple User Interface that now powers Macs (MacOS) and consumer electronic gadgets like the iPhone (iOS). And Apple grew into vertical integration with the Apple stores and the App Store.
It’s timed to take a serious look into NVDA and hope for a New-ARM IPO.
re: Fourth-quarter Automotive revenue was $125 million, down 14 percent from a year ago and down 7 percent from the previous quarter. Fiscal-year revenue rose 6 percent to $566 million.
