NVIDIA (NVDA) Revenue — Quarter Ended Apr 30, 2023
Revenue increased compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Apr 30, 2023 · FY2024 Q1
Revenue increased compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.2B
Revenue reported for this quarter.
Quarter-over-quarter
+18.9%
Change from the immediately preceding quarter.
Year-over-year
-13.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.9B
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 |
|---|---|---|
| Jul 31, 2022 | $6.7B | +3.0% |
| Oct 30, 2022 | $5.9B | -16.5% |
| Jan 29, 2023 | $6.1B | -20.8% |
| Apr 30, 2023 | $7.2B | -13.2% |
Revenue performance
The reported revenue rose from the prior quarter, reversing the downward trend seen in recent periods. Despite this sequential improvement, the top line remained below the level achieved in the same quarter of the prior year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue grew. Compared with the same quarter one year earlier, revenue was lower.
What to watch
The filing context mentions lower revenue as a factor in operating cash flow changes, but no specific cause for the revenue direction is provided.