earnings
confidence high
sentiment negative
materiality 0.85
NVIDIA Q3 FY2023 revenue falls 17% YoY; GAAP EPS down 72% to $0.27
NVIDIA CORP
2023-Q3 EPS reported
$1.17
revenue$20,923,000,000
- Revenue $5.93B (-17% YoY); GAAP EPS $0.27 (-72% YoY); non-GAAP EPS $0.58 (-50% YoY).
- Data Center revenue $3.83B (+31% YoY); Gaming $1.57B (-51% YoY) on channel inventory correction.
- Q3 GAAP gross margin 53.6% vs 65.2% a year ago; $702M inventory charge largely from China demand softness.
- Q4 FY2024 outlook: revenue ~$6.00B (±2%); GAAP gross margin ~63.2%.
- Returned $3.75B to shareholders in Q3 via buybacks & dividends; $8.28B remaining under repurchase authorization.