SANTA CLARA, CA, Nov 17, 2022 – NVIDIA reported revenue for the third quarter ended October 30, 2022, of $5.93B, down 11.5% compared to $6.70B for the second quarter ended July 31, 2022. Net income was $680M.
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)
“We are quickly adapting to the macro environment, correcting inventory levels and paving the way for new products,” said Jensen Huang, founder and CEO of NVIDIA.
“The ramp of our new platforms ― Ada Lovelace RTX graphics, Hopper AI computing, BlueField and Quantum networking, Orin for autonomous vehicles and robotics, and Omniverse ― is off to a great start and forms the foundation of our next phase of growth.
“NVIDIA’s pioneering work in accelerated computing is more vital than ever. Limited by physics, general purpose computing has slowed to a crawl, just as AI demands more computing. Accelerated computing lets companies achieve orders-of-magnitude increases in productivity while saving money and the environment,” he said.
A complete chart of the financial results is available here.
About NVIDIA
Since its founding in 1993, NVIDIA has been a pioneer in accelerated computing. The company’s invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics and ignited the era of modern AI. NVIDIA is now a full-stack computing company with data-center-scale offerings that are reshaping industry.
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