Nvidia releases third-quarter financial report for the fiscal year 2022
Nvidia announced the third quarter of the fiscal year 2022 financial report, revenue reached $7.1 billion, exceeding analysts’ consensus estimate of $6.8 billion. Like competitor AMD, Nvidia also has a record quarterly revenue. The main reason is the outstanding performance of the corporate market, which has contributed to growth.
In the third quarter of the fiscal year 2022, Nvidia’s revenue was $7.1 billion, an increase of 50% from $4.7 billion in the same period last year and a 9% increase from the previous quarter. Net profit was $3 billion, a year-on-year increase of 62% and a month-on-month increase of 13%. Earnings per share were $1.17, a year-on-year increase of 60%, and a month-on-month increase of 13%. Nvidia also paid a quarterly cash dividend of $100 million in the third fiscal quarter of the fiscal year 2022.
Among them, game business revenue was $3.22 billion, a year-on-year increase of 42% and a month-on-month increase of 24%. Datacenter business revenue was $2.94 billion, a year-on-year increase of 55% and a month-on-month increase of 24%. Professional visualization business revenue was $577 million, a year-on-year increase of 144% and a month-on-month increase of 11%. Revenue from the automotive business was $135 million, a year-on-year increase of 8% and a month-on-month decrease of 11%.
“The third quarter was outstanding, with record revenue,” said Jensen Huang, founder, and CEO of NVIDIA. “Demand for NVIDIA AI is surging, driven by hyperscale and cloud scale-out, and broadening adoption by more than 25,000 companies. NVIDIA RTX has reinvented computer graphics with ray tracing and AI, and is the ideal upgrade for the large, growing market of gamers and creators, as well as designers and professionals building home workstations.”
Nvidia also made relevant explanations on the acquisition of Arm, stating that the regulators of the US Federal Trade Commission (FTC) expressed concerns about the transaction and are currently discussing solutions. The European Union and British regulatory agencies refused to approve the transaction in the first stage of the review process and expressed concern. The second stage of the review in the United Kingdom is focused on the impact on British national security interests. The transaction is under review by the Chinese antitrust agency.
