Published , by Morgan Shaver
Published , by Morgan Shaver
NVIDIA (NVDA) has shared its Q4 2023 earnings report and included amid the report details is one that shows the company’s posted gaming revenue at $1.83 billion, which falls 46 percent below revenue from the prior year. Speaking on the matter, NVIDIA founder and CEO, Jensen Huang, shared the optimistic observation that gaming revenue is on a path of recovery from the post-pandemic downturn.
Huang also points to AI being at an “inflection point” in the report and how this sets it up for “broad adoption reaching into every industry.” He goes on to say that from startups to major enterprises, “we are seeing accelerated interest in the versatility and capabilities of generative AI.”
Elsewhere in the report, there’s mention of revenue from the fourth quarter ending on January 29, 2023 coming in at $6.05 billion which is down 21 percent from the previous year, but up 2 percent from the previous quarter. Meanwhile, GAAP earnings per diluted share for the quarter were $0.57 down 52 percent from the previous year but up 111 percent from the previous quarter.
For more on NVIDIA’s earnings for Q4 2023, be sure to read through our additional coverage including NVIDIA’s (NVDA) Q4 2023 earnings results beating revenue and EPS expectations, and for other stock market news check out how Unity's (U) Q4 2022 earnings results beat revenue expectations.