NVIDIA Reports Record Revenue for Second Quarter

Key Points

• Revenue of $13.51 billion, up 10.1% from a year ago and 8.8% from the previous quarter.
• Record revenue for Data Center and Gaming segments.
• Outlook for the first quarter of fiscal 2023: Revenue expected to be $8.10 billion plus or minus 2 percent.

Financial Highlights

• Revenue for the quarter ended July 30, 2023, was $13.51 billion, up 10.1% from $12.28 billion a year ago and up 8.8% from $12.43 billion in the previous quarter.
• Gaming revenue was $3.25 billion, up 33.2% from a year ago and up 13.4% from the previous quarter.
• Data Center revenue was $3.81 billion, up 61.0% from a year ago and up 1.1% from the previous quarter.
• Professional Visualization revenue was $627 million, down 14.1% from a year ago and down 1.0% from the previous quarter.
• Automotive revenue was $226 million, up 59.2% from a year ago and up 16.5% from the previous quarter.

Market Presence

• NVIDIA's platform is installed in several hundred million computers.
• NVIDIA's platform is available in every cloud and from every server maker.
• NVIDIA's platform powers 35.7% of the TOP500 supercomputers.

Outlook

• NVIDIA's outlook for the first quarter of fiscal 2023 is as follows:
• Revenue is expected to be $8.10 billion plus or minus 2 percent.
• Gross margin is expected to be 64.1 percent plus or minus 50 basis points.
• Operating expenses are expected to be $2.55 billion plus or minus 2 percent.
• Net income is expected to be $2.34 billion plus or minus 2 percent.
• Diluted EPS is expected to be $0.98 plus or minus 2 percent.