NVIDIA Announces Financial Results for First Quarter Fiscal 2023

  • Record quarterly revenue of $8.29 billion, up 46% from a year ago
  • Record quarterly revenue for Data Center and Gaming

SANTA CLARA, Calif., May 25, 2022 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ: NVDA) today reported record revenue for the first quarter ended May 1, 2022, of $8.29 billion, up 46% from a year ago and up 8% from the previous quarter, with record revenue in Data Center and Gaming.

GAAP earnings per diluted share for the quarter were $0.64, down 16% from a year ago and down 46% from the previous quarter, and include an after-tax impact of $0.52 related to the $1.35 billion Arm acquisition termination charge. Non-GAAP earnings per diluted share were $1.36, up 49% from a year ago and up 3% from the previous quarter.

“We delivered record results in Data Center and Gaming against the backdrop of a challenging macro environment,” said Jensen Huang, founder and CEO of NVIDIA. “The effectiveness of deep learning to automate intelligence is driving companies across industries to adopt NVIDIA for AI computing. Data Center has become our largest platform, even as Gaming achieved a record quarter.

“We are gearing up for the largest wave of new products in our history with new GPU, CPU, DPU and robotics processors ramping in the second half. Our new chips and systems will greatly advance AI, graphics, Omniverse, self-driving cars and robotics, as well as the many industries these technologies impact,” he said.

During the first quarter of fiscal 2023, NVIDIA returned to shareholders $2.10 billion in share repurchases and cash dividends.

On May 23, 2022, the board of directors increased and extended the company’s share repurchase program to repurchase additional common stock up to a total of $15 billion through December 2023.

NVIDIA will pay its next quarterly cash dividend of $0.04 per share on July 1, 2022, to all shareholders of record on June 9, 2022.


Q1 Fiscal 2023 Summary

GAAP
($ in millions, except earnings per share) Q1 FY23 Q4 FY22 Q1 FY22 Q/Q Y/Y
Revenue$8,288 $7,643 $5,661 Up 8%Up 46%
Gross margin 65.5%  65.4%  64.1% Up 10 bpsUp 140 bps
Operating expenses$3,563 $2,029 $1,673   Up 76% Up 113%
Operating income $1,868   $2,970   $1,956   Down 37% Down 4%
Net income $1,618   $3,003   $1,912   Down 46% Down 15%
Diluted earnings per share $0.64   $1.18   $0.76   Down 46% Down 16%

   

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
Latest Blog Posts
Jeff RoweMCADCafe Editorial
by Jeff Rowe
Cadence: A Natural Progression From EDA to CFD
Jobs
Mechanical Engineer Advisor for Halliburton at Houston, Texas
MECHANICAL ENGINEERING for L3Harris at Hamilton,, Canada
GIS Technician for City of Saratoga Springs at Saratoga Springs, Utah
CAD/BIM Specialist for LandDesign Inc. at Charlotte, North Carolina
ASIC Architects and Hardware Engineers at D. E. Shaw Research for D. E. Shaw Research at New York, New York
Sales Engineer for InfraMarker at Madison, Wisconsin
Upcoming Events
IMTS 2022 at McCormick Place Chicago IL - Sep 12 - 17, 2022
FABTECH 2022 at Georgia World Congress Center Atlanta GA - Nov 8 - 10, 2022



© 2022 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise