Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2023 Rev YoY: -16.5% EPS YoY: -97.3% Move: -2.17%

NVIDIA Corporation

NVDA

$167.52 -2.17%

Exchange NASDAQ Sector Technology Industry Semiconductors

Q3 2023

Published: Nov 18, 2022

Company Status Snapshot

Fast view of the latest quarter outcome for NVDA

Reported

Report Date

Nov 18, 2022

Quarter Q3 2023

Revenue

5.93B

YoY: -16.5%

EPS

0.03

YoY: -97.3%

Market Move

-2.17%

Previous quarter: N/A

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Earnings Highlights

Revenue of $5.93B down 16.5% year-over-year
EPS of $0.03 decreased by 97.3% from previous year
Gross margin of 53.6%
Net income of 680.00M
"'The demand is there as we continue to innovate and push our technology further, especially in AI and data centers,' – Jen-Hsun Huang, CEO" - Jen-Hsun Huang

NVDA

NVIDIA Corporation

Period Q3 2023

Currency USD

Report Type Quarterly Earnings

Generated Mar 28, 2026

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Executive Summary

For Q3 2023, NVIDIA Corporation (NVDA) reported revenues of $5.93 billion, reflecting a 12% decline sequentially and 17% year-over-year, primarily affected by inventory adjustments in gaming and external macroeconomic challenges. Conversely, the data center and automotive segments showed resilience, generating record revenues of $3.83 billion (up 31% YoY) and $251 million (up 86% YoY), respectively. CEO Jen-Hsun Huang emphasized during the earnings call that the demand for AI-related products, particularly from cloud service providers and enterprises, remains robust despite broader market challenges. However, the company faces headwinds due to inventory corrections and new export restrictions impacting its operations in China, which could affect future revenue growth.

Key Performance Indicators

Revenue

Decreasing

5.93B

QoQ: -11.53% | YoY: -16.50%

Gross Profit

Decreasing

3.18B

53.57% margin

QoQ: 8.99% | YoY: -31.40%

Operating Income

Decreasing

601.00M

QoQ: 20.44% | YoY: -77.50%

Net Income

Decreasing

680.00M

QoQ: 3.66% | YoY: -72.40%

EPS

Decreasing

0.03

QoQ: 3.85% | YoY: -97.27%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $5.93 billion, down 17% YoY and 12% QoQ.
Data Center Revenue: $3.83 billion, up 31% YoY, indicating increasing demand for AI-driven projects.
Net Income: $680 million, representing a net income margin of 11.5%, down significantly year-over-year.
Gross Margin: 53.6%, slightly down from the previous year, attributed to inventory write-downs of $702 million. The operating expenses increased by 31% YoY, reflecting ongoing investment in R&D, highlighting the company's proactive approach to innovation amid challenging revenue conditions.
The effective tax rate showed a notable negative value of -10.9%, indicating tax benefits likely from carryforwards or adjustments.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	5.93B	-16.50%	-11.53%
Gross Profit	3.18B	-31.40%	8.99%
Operating Income	601.00M	-77.50%	20.44%
Net Income	680.00M	-72.40%	3.66%
EPS	0.03	-97.27%	3.85%

Key Financial Ratios

Gross Profit Margin

Good

53.60%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Fair

10.10%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Good

11.50%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

1.68%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.19%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

3.39

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Moderate

0.51

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

High Growth

123.24x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

High Premium

15.70x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2026	46,743.00	1.08	+55.6%	View
Q1 2026	44,062.00	0.76	+69.2%	View
Q4 2025	39,331.00	0.89	+77.9%	View
Q3 2025	35,082.00	0.78	+93.6%	View
Q2 2025	30,040.00	0.67	+122.4%	View
Q3 2023	5,931.00	0.03	-16.5%	View

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NVIDIA Corporation (NVDA) Q3 2023 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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