Driving by booming AI Data Center sales, NVIDIA reported revenue of $18.12 billion for its third quarter ended October 29, 2023, up 206% from a year ago and up 34% from the previous quarter. Non-GAAP earnings per diluted share were $4.02, up nearly 6x from a year ago and up 49% from the previous quarter.
“Our strong growth reflects the broad industry platform transition from general-purpose to accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA. “Large language model startups, consumer internet companies and global cloud service providers were the first movers, and the next waves are starting to build. Nations and regional CSPs are investing in AI clouds to serve local demand, enterprise software companies are adding AI copilots and assistants to their platforms, and enterprises are creating custom AI to automate the world’s largest industries. NVIDIA GPUs, CPUs, networking, AI foundry services and NVIDIA AI Enterprise software are all growth engines in full throttle. The era of generative AI is taking off.”
Some highlights
- Data Center revenue was a record $14.51 billion, up 41% from the previous quarter and up 279% from a year ago.
- Gaming revenue was $2.86 billion, up 15% from the previous quarter and up 81% from a year ago.
- Professional Visualization revenue was $416 million, up 10% from the previous quarter and up 108% from a year ago.
- Automotive revenue was $261 million, up 3% from the previous quarter and up 4% from a year ago.
