NVIDIA (NVDA) Revenue — Quarter Ended Jan 29, 2023
Revenue for the quarter edged higher sequentially, reversing a recent downtrend, but remained sharply lower compared to the same period a year earlier.
Key takeaway
Quarter ended Jan 29, 2023 · FY2023 Q4
Revenue for the quarter edged higher sequentially, reversing a recent downtrend, but remained sharply lower compared to the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.1B
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
-20.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$27B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 1, 2022 | $8.3B | +46.4% |
| Jul 31, 2022 | $6.7B | +3.0% |
| Oct 30, 2022 | $5.9B | -16.5% |
| Jan 29, 2023 | $6.1B | -20.8% |
Revenue performance
The reported revenue reflected a modest quarter-over-quarter improvement, though the figure still trailed the prior year's level by a wide margin.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased, breaking a streak of declines. However, relative to the same quarter one year ago, revenue contracted significantly.
What to watch
Monitor whether revenue can sustain the sequential recovery amid the year-over-year weakness.