NVIDIA Reports Record $7.1B Revenue as Gaming and Data Center Sales Surge 50%
Summary
NVIDIA shatters records with $7.1 billion in third-quarter revenue, marking a massive 50% year-over-year surge as gaming sales hit $3.22 billion and data center revenue reaches $2.94 billion, while the chip giant projects even higher $7.4 billion revenue for the upcoming quarter.
Key Points
- NVIDIA reports record third quarter fiscal 2022 revenue of $7.10 billion, up 50% from the previous year, driven by record performance in Gaming ($3.22 billion), Data Center ($2.94 billion), and Professional Visualization segments
- The company announces GAAP earnings per share of $0.97 and non-GAAP earnings per share of $1.17, representing 83% and 60% increases respectively from the same quarter last year
- NVIDIA forecasts fourth quarter revenue of $7.40 billion plus or minus 2%, while unveiling new AI technologies including Omniverse Avatar platform, quantum computing initiatives, and expanded partnerships across automotive and enterprise sectors