The operating expenses are anticipated to be $1.05 billion and capital expenditures are predicted to be in the range of $150-170 million for the first quarter. Looking ahead into the first quarter, the company expects revenue to be $3.0 billion, plus or minus 2%, while the consensus estimates $2.85 billion. Tegra Processor business revenue, which includes Automotive, SoCs for gaming platforms, and embedded edge AI platforms, soared by 47% from a year ago. The top line was driven by double-digit growth across all market platforms except automotive, which remained flat from last year. Revenue surged by 41% to $3.11 billion, which is higher than the analysts’ forecast of $2.97 billion. Adjusted earnings increased by 136% to $1.89 per share, which is much better than the consensus estimates of $1.67.
Net income climbed by 68% to $950 million. Further, the company guided first-quarter revenue above the consensus view. The results exceeded analysts’ expectations. Nvidia Corporation ( NASDAQ: NVDA) reported a 68% jump in earnings for the fourth quarter of 2020 driven by higher revenue.
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