Notifications Bell

Record fiscal-year revenue for Nvidia

Record fiscal-year revenue for Nvidia

The tech giant reported earnings and sales that topped analyst expectations and provided a strong forecast for the ongoing quarter

For fiscal Q4 2022, Nvidia announced an adjusted EPS of $1.32 compared to the $1.22 expected, up 69% year-over-year. At the same time, revenue came in at $7.64 billion, versus $7.42 billion touted, marking a 53% year-over-year increase. For the whole fiscal 2022, Nvidia reported record revenue of $26.91 billion, up 61% from the previous year’s figures.

The company’s data center business reported the most significant year-over-year increase – 71% - as cloud providers and enterprises turned to its graphic processors. The segment had sales of $3.26 billion.

However, gaming was still Nvidia’s largest market, as its latest GeForce graphic processors are ideal for playing advanced computer games. Sales rose 37% year-over-year to $3.42 billion.

In a sign of how Nvidia is handling supply chain issues, the company said it had $9 billion in long-term supply obligations, significantly higher than $2.54 billion a year ago. According to CEO Jensen Huang, Nvidia expects supply to improve each and every quarter going forward. In fiscal Q4 2022, Nvidia paid quarterly cash dividends of $100 million. Dividend payments rose to $399 million for the entire fiscal year.

For fiscal Q1 2023, Nvidia said it expects revenue of $8.1 billion, higher than the analyst outlook of $7.29 billion, due to the “exceptional” demand for its chips used for AI and other intensive applications.

Sources: cnbc.com, globenewswire.com

This information prepared by za.capex.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.

You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.

This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com

JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.