Fourth Quarter And Fiscal 2023 Results

Nvidia Financial Performance Update

Fourth Quarter and Fiscal 2023 Results

In its recent financial report, NVIDIA Corporation announced mixed results for the fourth quarter and fiscal year 2023. Quarterly revenue reached $6.05 billion, a 21% decrease compared to the previous year. This decline primarily reflects the ongoing challenges in the gaming market.

Fiscal 2024 Outlook

For the fourth quarter of fiscal 2023, NVIDIA anticipates revenue of approximately $6.00 billion, with a margin of error of plus or minus 2%. This forecast suggests a modest improvement from the previous quarter's performance.

Third Quarter Fiscal 2023 Highlights

NVIDIA's third quarter of fiscal 2024 brought strong revenue growth. The company recorded an impressive $18.12 billion in revenue, an increase of 19% from the previous quarter. Additionally, Data Center revenue reached a remarkable $4.28 billion, setting a new record for the company.