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Q3FY24-CFO-Commentary.pdf
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📊 Size: 80 KB
👤 Author: anonymous
⬇️ Downloads: 116

Summary

NVIDIA's CFO commentary on third quarter fiscal 2024 results reports significant growth, with revenue reaching $18.12 billion, up 206% from a year ago and 34% sequentially. Data Center revenue was a record, up 279% from a year ago and 41% sequentially, driven by strong sales of the NVIDIA HGX platform. Gaming revenue was up 81% from a year ago and 15% sequentially, while Professional Visualization revenue was up 108% from a year ago and 10% sequentially. Automotive revenue was up 4% from a year ago and 3% sequentially. GAAP and non-GAAP gross margins increased significantly, driven by improved product mix and lower net inventory provisions. GAAP operating expenses were up 16% from a year ago and 12% sequentially, while non-GAAP operating expenses were up 13% from a year ago and 10% sequentially. The company expects a decline in sales to China and other affected destinations due to new licensing requirements, but believes it will be offset by strong growth in other regions.

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Description

NVIDIA's CFO commentary on third quarter fiscal 2024 results reports significant growth, with revenue reaching $18.12 billion, up 206% from a year ago and 34%...

Technical Information

  • File Format: PDF
  • File Size: 80 KB
  • Pages: 8
  • Language: EN
  • Author: anonymous
  • Total Downloads: 116
  • Last Updated: 2 hours ago

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