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The Financial Results Thread
- Thread starter Kaapstad
- Start date
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NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2023
NVIDIA today reported revenue for the fourth quarter ended January 29, 2023, of $6.05 billion, down 21% from a year ago and up 2% from the previous quarter.nvidianews.nvidia.com
Summary
Data Center
- Total Revenue is $6.051 billion down 21% YoY and Up 2% QoQ
- GAAP Gross Margin is at 63.3% (down 2.1 bps YoY and up 9.7 bps QoQ)
- Non-GAAP Gross Margin is at 66.1% (down 0.9 bps YoY and up 10 bps QoQ)
- GAAP EPS $0.57 (down 52% YoY and up 111% QoQ)
- Non-GAAP EPS $0.88 (down 33% YoY and up 51% QoQ)
- Fourth-quarter revenue was $3.62 billion, up 11% from a year ago and down 6% from the previous quarter.
Fiscal-year revenue rose 41% to a record $15.01 billion.
Gaming
- Fourth-quarter revenue was $1.83 billion, down 46% from a year ago and up 16% from the previous quarter.
Fiscal-year revenue was down 27% to $9.07 billion.
Professional Visualization
- Fourth-quarter revenue was $226 million, down 65% from a year ago and up 13% from the previous quarter.
Fiscal-year revenue was down 27% to $1.54 billion.
Automotive and Embedded
- Fourth-quarter revenue was a record $294 million, up 135% from a year ago and up 17% from the previous quarter.
Fiscal-year revenue rose 60% to a record $903 million.
They can't sell GPU's directly to crypto miners anymore, oh no, what a ###### shame.....
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Anyway... watch out for AMD, Nvidia..... they are pulling up right behind you. Do you hear that? the angry roaring right up your arse? It would be a tragedy if they became the bigger company.....
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You really need to get a life.
Yep, just prior to the crypto crash it appears 50% of Nvidia gaming GPUs wer sold for mining purposes
Associate
If 50% were sold to crypto miners as you say then I see this going only one way - higher prices
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Caporegime
- Joined
- 18 Oct 2002
- Posts
- 30,114
Nvidia be praying for a bitcoin boom....
Sony is now AMD's biggest customer, contributing 16% of AMD's entire revenue and about 50% of Radeon Group's revenue (Radeon revenue for 2022 = $6.8billion, of which $3.7billion came from sales to Sony)
www.tomshardware.com
Sony Becomes AMD's Largest Customer on Booming PS5 Sales
Gaming was AMD's largest business in 2022.
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Soldato
Nvidia's latest results:
nvidianews.nvidia.com
It appears gaming revenue YoY is down 38% and overall revenue down because of this.
NVIDIA Announces Financial Results for First Quarter Fiscal 2024
NVIDIA today reported revenue for the first quarter ended April 30, 2023, of $7.19 billion, down 13% from a year ago and up 19% from the previous quarter.
nvidianews.nvidia.com
It appears gaming revenue YoY is down 38% and overall revenue down because of this.
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Ouch 38%, don't forget, that YOY gaming revenue drop is bolstered with their latest and greatest arch's new product launches this quarter, so large initial batches shipping out of 4070 and 4060ti to their partners to prepare enough launch stock (and their direct sales). I'm sure their partners are going to a little cautious going forward and not want to end up with too much stock, so not going to sell/ship as much in subsequent quarters for those models. I guess Nvidia has the 4060 still to come for what thats worth.
Soldato
Overall revenue is down $1 billion YoY,because of the huge drop in gaming revenue. But this has been disguised by a $1 billion drop in "expenses" YoY which makes things look better.
Soldato
Yep. But the issue is that operating costs are down a lot compared to a year ago,which is helping pump up profits. So its quite clear Nvidia is starting to tighten its belt - so I expect the rumours of a new generation only in 2025 might be true. Although having longer generations might mean companies are forced to get more out of less.
But some of the people on Reddit are so deluded they think it is down to huge GPU sales ,when Nvidia has stated client sales are down. JPR is showing dGPU shipments are down,but they are being sold(especially with Nvidia) for higher than average prices(even for the RTX3000 series) - that is what is happening.
I really don't understand people defending these pricing moves from BOTH Nvidia and AMD. They are just trying to sell off old stock for as high a price as possible.
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Soldato
- Joined
- 19 Oct 2008
- Posts
- 5,952
As well as that Nvidia's market cap has increased more in afterhours trading than AMD's entire market cap. Pretty impressive tbh, and also the world's 6th largest company. So much for all the Nvidia end of days ideas been hearing about for years......
More than the current results, what's driving the buying is probably the 50% increase in their Q2 revenue prediction.
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They were starting to tighten their belt, i fear with this up-tick in data centre AI accelerated products the belt tightening and incentive to lower prices will now fall away.
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AMD's market cap at $175 Billion, compare that to Intel's market cap of $125 Billion, are you sure?
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Soldato
- Joined
- 19 Oct 2008
- Posts
- 5,952
Nvidia, $NVDA, just added $220 billion in market cap in 1 hour after reporting earnings. By comparison, here is the total market cap of their competitors: 1. AMD, $AMD: $175 billion 2. Intel, $INTC: $120 billion 3. Micron, $MU: $73 billionAMD's market cap at $175 Billion, compare that to Intel's market cap of $125 Billion, are you sure?
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If the price holds today Nvidia will be a near $1Trillion market cap company
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Soldato
Nv heavily going into AI - at the expense of retail - what is ignored is `gaming` includes contract sales to system builders as well. Would love to see a detailed breakdown but that wont happen.
edit - oh and the increase in profit margin
edit - oh and the increase in profit margin
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