NVIDIA Q3 2023 Earnings Report
Key Takeaways
NVIDIA reported Q3 fiscal year 2023 revenue of $5.93 billion, a 17% decrease year-over-year but a 12% decrease sequentially. GAAP earnings per diluted share were $0.27, down 72% year-over-year but up 4% sequentially. Non-GAAP earnings per diluted share were $0.58, down 50% year-over-year but up 14% sequentially.
Data Center revenue increased by 31% year-over-year.
Gaming revenue decreased by 51% year-over-year.
Automotive revenue increased by 86% year-over-year.
Returned $3.75 billion to shareholders through share repurchases and cash dividends.
NVIDIA
NVIDIA
Forward Guidance
NVIDIA expects Q4 fiscal 2023 revenue to be $6.00 billion, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 63.2% and 66.0%, respectively, plus or minus 50 basis points. GAAP and non-GAAP operating expenses are expected to be approximately $2.56 billion and $1.78 billion, respectively. GAAP and non-GAAP other income and expense are expected to be an income of approximately $40 million. GAAP and non-GAAP tax rates are expected to be 9.0%, plus or minus 1%.