SANTA CLARA, CA, Nov 16, 2018 – NVIDIA reported revenue for the third quarter ended Oct 28, 2018, of $3,181M up 1.9% from $3,123M in the previous quarter. Net income was $1,230M.

Comparative analysis based on NVIDIA’s financial results in the last 12 quarters (Result source NVIDIA website)

Comparative analysis based on NVIDIA’s financial results in the last 12 quarters (Result source NVIDIA website)

“AI is advancing at an incredible pace across the world, driving record revenues for our datacenter platforms,” said Jensen Huang, founder and CEO of NVIDIA. “Our introduction of Turing GPUs is a giant leap for computer graphics and AI, bringing the magic of real-time ray tracing to games and the biggest generational performance improvements we have ever delivered.

“Our near-term results reflect excess channel inventory post the crypto-currency boom, which will be corrected. Our market position and growth opportunities are stronger than ever. During the quarter, we launched new platforms to extend our architecture into new growth markets – RAPIDS for machine learning, RTX Server for film rendering, and the T4 Cloud GPU for hyperscale and cloud.”

A complete chart of the financial results is available here.

About NVIDIA

NVIDIA’s invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI — the next era of computing — with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world.