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NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2023 | NVIDIA Newsroom
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NVIDIA's Q4 FY2023 earnings report documents the company's financial position at a pivotal moment in AI compute infrastructure growth, relevant to understanding the economic forces driving AI capabilities expansion and GPU compute availability.
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Summary
NVIDIA reported Q4 FY2023 revenue of $6.05 billion (down 21% YoY) and full-year revenue of $26.97 billion. CEO Jensen Huang highlighted AI as being at an 'inflection point' with accelerating enterprise interest in generative AI. NVIDIA announced new AI cloud service offerings including DGX Cloud partnerships with major cloud providers.
Key Points
- •Q4 FY2023 revenue was $6.05B, down 21% YoY, but Jensen Huang signaled strong upcoming demand driven by generative AI adoption.
- •NVIDIA launched DGX Cloud AI supercomputer services via Oracle, Microsoft Azure, and Google Cloud, expanding enterprise AI access.
- •H100 GPU with Transformer Engine entered full production, directly enabling large language model training at scale.
- •NVIDIA returned $10.44 billion to shareholders in FY2023, reflecting strong financial position despite revenue decline.
- •NeMo and BioNeMo customizable AI models announced as enterprise AI-model-as-a-service offerings.
1 FactBase fact citing this source
| Entity | Property | Value | As Of |
|---|---|---|---|
| NVIDIA | Revenue | $27.0 billion | Jan 2023 |
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NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2023 | NVIDIA Newsroom
NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2023
February 22, 2023
Quarterly revenue of $6.05 billion, down 21% from a year ago
Fiscal-year revenue of $27.0 billion, flat from a year ago
Quarterly and annual return to shareholders of $1.15 billion and $10.44 billion, respectively
NVIDIA (NASDAQ: NVDA) 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.
GAAP earnings per diluted share for the quarter were $0.57, down 52% from a year ago and up 111% from the previous quarter. Non-GAAP earnings per diluted share were $0.88, down 33% from a year ago and up 52% from the previous quarter.
For fiscal 2023, revenue was $26.97 billion, flat from a year ago. GAAP earnings per diluted share were $1.74, down 55% from a year ago. Non-GAAP earnings per diluted share were $3.34, down 25% from a year ago.
"AI is at an inflection point, setting up for broad adoption reaching into every industry,” said Jensen Huang, founder and CEO of NVIDIA. “From startups to major enterprises, we are seeing accelerated interest in the versatility and capabilities of generative AI.
“We are set to help customers take advantage of breakthroughs in generative AI and large language models. Our new AI supercomputer, with H100 and its Transformer Engine and Quantum-2 networking fabric, is in full production.
“Gaming is recovering from the post-pandemic downturn, with gamers enthusiastically embracing the new Ada architecture GPUs with AI neural rendering,” he said.
NVIDIA AI Cloud Service Offerings
NVIDIA is partnering with leading cloud service providers to offer AI-as-a-service that provides enterprises access to NVIDIA’s world-leading AI platform.
Customers will be able to engage each layer of NVIDIA AI – the AI supercomputer, acceleration libraries software or pretrained generative AI models – as a cloud service.
Using their browser, they will be able to engage an NVIDIA DGX™ AI supercomputer through the NVIDIA DGX Cloud, which is already offered on Oracle Cloud Infrastructure, with Microsoft Azure, Google Cloud Platform and others expected soon. At the AI platform software layer, they will be able to access NVIDIA AI Enterprise for training and deploying large language models or other AI workloads. And at the AI-model-as-a-service layer, NVIDIA will offer its NeMo™ and BioNeMo™ customizable AI models to enterprise customers who want to build proprietary generative AI models and services for their businesses.
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