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Nvidia Records 53% Year-Over-Year Increase In Revenue During Q4 2022

Nvidia recently announced the organization saw revenues jump by 53% year-over-year during the fourth quarter of FY22 (which concluded on January 30th, 2022) to reach $7.65 billion. As a result, the company reported $26.91 billion in revenue for the 2022 fiscal year.

The business’ gaming division broke records for quarterly revenue. Nvidia said that its gaming sector grew by 37% year-over-year to hit $3.42 billion. Moreover, fiscal gaming revenues for the year grew by 61% to reach $12.46 billion.

“We are seeing exceptional demand for NVIDIA computing platforms,” said Jensen Huang, the CEO of NVIDIA. “NVIDIA is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles, and robotics – some of today’s most impactful fields. We are entering the new year with strong momentum across our businesses and excellent traction with our new software business models with NVIDIA AI, NVIDIA Omniverse, and NVIDIA DRIVE. GTC is coming. We will announce many new products, applications, and partners for NVIDIA computing.”

The company also provided an outlook for FY23. According to reports from Nvidia, it expects revenues to reach about $8.10 billion during the first quarter of the 2023 fiscal year.

(All information was provided by Front Office Sports and Nvidia)

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