SunPower (SPWR) and Nvidia (NVDA) released their latest earnings reports after closing bell tonight. SunPower posted adjusted earnings of $1.73 per share and non-GAAP revenue of $1.36 billion, compared to the consensus estimates of $1.53 per share in earnings and $1.27 billion in revenue. In the year-ago quarter, the solar company posted revenue of $609.7 million and adjusted earnings of 26 cents per share.

NVIDIA reported earnings per share of 52 cents, against the consensus estimate of 43 cents per share, and $1.4 billion in revenue, compared to the consensus of $1.31 billion. In the year-ago quarter, the tech company posted revenue of $1.25 billion and adjusted earnings of 43 cents.

 

SunPower shares jump after earnings beat

SunPower swung to a net loss of 93 cents per share from the year-ago quarter’s net income of 83 cents per share. GAAP revenue for the fourth quarter was $374.4 million, compared to the year-ago quarter’s GAAP revenue of $1.16 billion. EBITDA was $379.9 million, compared to the previous year’s fourth quarter EBITDA of $84.9 million.

For the first quarter, SunPower management expects non-GAAP revenue of between $290 million and $340 million, EBITDA of between $0 and $25 million, and between 315 and 340 megawatts deployed. They expect GAAP revenue of between $280 million and $330 million and net losses of between $115 million and $90 million.

SunPower shares edged higher by as much as 2.24% to $24.60 in after-hours trades.

NVIDIA shares surge after earnings beat

NVIDIA’s GAAP earnings were 35 cents per share, including restructuring charges of 4 cents per share. The company also reported growth across all of its market platforms of Gaming, Professional Visualization, Datacenter and Automotive. The GAAP gross margin was 56.5% in the fourth quarter, one percentage point higher than the year-ago quarter, while the non-GAAP gross margin was 57.2%, also a one percentage point improvement from the previous year’s fourth quarter.

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