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Jul 31, 2022
NVIDIA Q2 2023 Earnings Report
Reported a revenue increase of 3% year-over-year, with Data Center revenue up 61%.
Key Takeaways
NVIDIA reported Q2 fiscal year 2023 results with revenue of $6.70 billion, a 3% increase year-over-year. Data Center revenue grew significantly, while Gaming and Professional Visualization revenues faced declines. The company is navigating supply chain transitions and anticipates sequential growth in Data Center and Automotive for the next quarter.
Second quarter revenue reached $6.70 billion, up 3% from a year ago.
Data Center revenue increased by 61% year-over-year, reaching $3.81 billion.
GAAP earnings per diluted share were $0.26, a decrease of 72% from a year ago.
The company returned $3.44 billion to shareholders through share repurchases and cash dividends.
NVIDIA
NVIDIA
NVIDIA Revenue by Segment
Revenue by Segment
Data Center Revenue
CapyFin.comGaming Revenue
CapyFin.comPro Visualization Revenue
CapyFin.comAutomotive Revenue
CapyFin.com Forward Guidance
NVIDIA anticipates revenue of $5.90 billion, plus or minus 2%, for the third quarter of fiscal 2023. The company expects Gaming and Professional Visualization revenue to decline sequentially, offset partially by growth in Data Center and Automotive. GAAP and non-GAAP gross margins are expected to be 62.4% and 65.0%, respectively, plus or minus 50 basis points.
Positive Outlook
- Sequential growth in Data Center revenue is expected.
- Sequential growth in Automotive revenue is expected.
- GAAP gross margin is expected to be 62.4%, plus or minus 50 basis points.
- Non-GAAP gross margin is expected to be 65.0%, plus or minus 50 basis points.
- The company is focusing on new product generation.
Challenges Ahead
- Revenue is expected to be $5.90 billion, which is a decrease from the current quarter.
- Gaming revenue is expected to decline sequentially.
- Professional Visualization revenue is expected to decline sequentially.
- OEMs and channel partners are reducing inventory levels.
- Challenging macro environment
Revenue & Expenses
Visualization of income flow from segment revenue to net income