Nvidia just released its financial results for both its fourth quarter and fiscal 2016. The company posted record revenue for both periods, but while quarterly net income was up 7% year-over-year, full-year profit declined 3%. Here's a quick rundown of the company's quarterly results:
|Q4 FY 2016||Q4 FY 2015||Change (YOY)|
|Revenue||$1.40 billion||$1.25 billion||up 12%|
|Operating income||$252 million||$231 million||up 9%|
|Net income||$207 million||$193 million||up 7%|
|Gross margin||56.5%||55.9%||down 1.1%|
And here are its results for its fiscal 2016:
|FY 2016||FY 2015||Change (YOY)|
|Revenue||$5.01 billion||$4.68 billion||up 7%|
|Operating income||$747 million||$759 million||down 2%|
|Net income||$614 million||$631 million||down 3%|
|Gross margin||56.1%||55.5%||up 1.1%|
The company continues to make the lion's share of its revenue from GPU sales. Compared to Nvidia's fiscal 2015, GPU sales were up 9% to $4.2 billion, and Q4 year-on-year GPU revenue grew 10% to $1.2 billion. GeForce consumer cards in particular had a great year. That segment's revenue increased 21% over the company's fiscal 2015, while Quadro revenue posted a 7% increase. Tegra processor sales increased a whopping 40% in Q4 from the year-ago period, but revenues fell 3% to $559 million for the 2016 fiscal year.
Nvidia also provided an outlook for the first quarter of FY 2017. The company expects revenue to be $1.26 billion, plus or minus 2 percent. GAAP gross margin is expected to increase to 57.2%, plus or minus 50 basis points.