NVIDIA (NVDA) Revenue — Quarter Ended Oct 29, 2023
Revenue increased strongly in the quarter. The growth was driven by higher customer demand compared with both the prior quarter and the same quarter last year.
Key takeaway
Quarter ended Oct 29, 2023 · FY2024 Q3
Revenue increased strongly in the quarter. The growth was driven by higher customer demand compared with both the prior quarter and the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$18.1B
Revenue reported for this quarter.
Quarter-over-quarter
+34.2%
Change from the immediately preceding quarter.
Year-over-year
+205.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$44.9B
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 |
|---|---|---|
| Jan 29, 2023 | $6.1B | -20.8% |
| Apr 30, 2023 | $7.2B | -13.2% |
| Jul 30, 2023 | $13.5B | +101.5% |
| Oct 29, 2023 | $18.1B | +205.5% |
Revenue performance
The reported revenue rose significantly from the immediately preceding quarter, continuing a positive trend.
Quarterly comparison
Revenue also showed a substantial increase compared with the same quarter one year earlier, reflecting sustained growth.
What to watch
Future revenue growth may be influenced by changes in customer payment patterns and accounts receivable balances.