Nvidia Reports 7 6 Billion Revenue In Q4 After Arm Deal Collapses
The Santa Clara, Calif.-based company reported Q4 non-GAAP earnings of $1.32 per share on revenue of $7.64 billion, up 53% from a year earlier. Wall Street was expecting to see earnings of $1.23 per share with $7.42 billion in revenue. This is the first earnings report released since NVIDIA announced it would no longer be acquiring Arm from SoftBank. The controversial deal fell apart last week “because of significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by the parties,” according to NVIDIA and SoftBank....