NVIDIA's Q4 2017 earnings includes $2.91 billion in revenue which according to the chip manufacturer is a record for the company in terms of revenue made per quarter. NVIDIA says this amounts to an overall 34-percent increase from the quarterly revenue it reported at the same time last year, and a 10-percent increase from the revenue it made in the third quarter of 2017 which amounted to $2.64 billion. It's not just quarterly revenue where NVIDIA saw increases. The company is up for revenue made on an annual basis compared to 2016 as well, bumping up in annual revenue made by an increase of 41-percent from the annual revenue it made in 2016, totaling an amount of $9.71 billion for all of its revenue made last year.
Unsurprisingly, a big contributing factor to NVIDIA's revenue increases both quarterly and annually were its chips. NVIDIA has long been a leader in the chip manufacturing market, providing gamers and computer enthusiasts with some of the best GPUs that money can buy. While NVIDIA doesn't specifically mention this in its press release, it's highly likely that the sharp increase in pricing for high-end GPUs due to the boom in cryptocurrency mining has helped NVIDIA's revenues in the last parts of 2017's fourth fiscal quarter, which ended on January 31.
In addition to sales of GPUs for both gamers and cryptocurrency miners, some of NVIDIA's revenue also comes from chips that were built specifically for the use of A.I. technology, as well as chips that were built specifically for the use in the automotive market, showing $132 million in revenue in this particular segment for the company. There was also strong revenue from all-in-one Tegra processors, totaling $450 million, while its revenue from professional visualization chips was $254 million. On top of the record quarterly and annual revenue, NVIDIA's GAAP diluted earnings per share aw an increase too, coming out to $4.82 which is up by 88-percent from 2016. The non-GAAP earnings per diluted share were also increased from 2016, growing to $1.72, which is up from $1.13 or an increase of 52-percent. Going forward NVIDIA's revenue is highly likely to remain strong due to high sales of graphics cards for the gaming and cryptocurreny mining markets, but it's also likely to begin seeing revenue from the recently announced DRIVE Xavier processor, as well as its NVIDIA DRIVE platform.