NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2023

Strong Demand in Data Center and Gaming Drives Record Results

Financial Highlights

* Revenue of $7.64 billion, up 19% from previous quarter and 21% from a year ago * Record Data Center revenue of $4.28 billion, up 11% from previous quarter and 41% from a year ago * Non-GAAP earnings per share of $0.88, up 13% from a year ago

NVIDIA (NASDAQ: NVDA) today reported financial results for the fourth quarter of fiscal 2023, which ended January 29, 2023. Revenue for the quarter was $7.64 billion, up 19% from the previous quarter and 21% from a year ago.

The company's Data Center business continued to be a key driver of growth, with revenue increasing 11% from the previous quarter and 41% from a year ago. The Gaming business also performed well, with revenue up 16% from the previous quarter and 11% from a year ago.

NVIDIA's strong performance in the fourth quarter helped the company achieve record results for the full fiscal year 2023. The company reported revenue of $26.91 billion for the year, up 21% from a year ago. Net income for the year was $13.58 billion, up 18% from a year ago.

NVIDIA's financial results demonstrate the continued strength of the company's products and its ability to capitalize on the growing demand for AI and data center solutions. The company is well-positioned to continue to grow in the years to come.

Conclusion

NVIDIA's strong financial results for the fourth quarter and fiscal 2023 are a testament to the company's leadership in the AI and data center markets. The company's continued investment in R&D and its focus on delivering innovative products are paying off. NVIDIA is well-positioned to continue to grow in the years to come, as the demand for AI and data center solutions continues to increase.