NVIDIA Announces Record Quarterly Revenue, Financial Information on Public Website
Key Highlights
- Record quarterly revenue of $30 billion, up 15% from Q1 and 122% from a year ago
- Record quarterly Data Center revenue of $26.3 billion, up 16% from Q1 and 232% increase from a year ago
Official Statement from NVIDIA Investors
Investors and others should note that NVIDIA announces material financial information to its investors using its investor relations website press releases and SEC filings.
NVIDIA's Financial Performance
In a press release issued on May 24, 2023, NVIDIA reported revenue for the first quarter ended April 30, 2023, of $30 billion, up 15% from the previous quarter and 122% from the same quarter a year ago.
The company's Data Center business was a major driver of growth, with revenue increasing by 16% from the previous quarter and 232% from the same quarter a year ago, reaching $26.3 billion.
NVIDIA attributed the strong performance of its Data Center business to the growing demand for artificial intelligence (AI) and machine learning applications, which require powerful computing resources.
Conclusion
NVIDIA's record quarterly revenue and strong financial performance underscore the company's leadership position in the semiconductor industry and the growing demand for its products in key markets such as data centers and AI.
Sources
- NVIDIA Reports Record Quarterly Revenue of $30 Billion (NVIDIA Newsroom, May 24, 2023)
- NVIDIA Annual Reports (NVIDIA Investor Relations website)
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