NVIDIA Corporation Q3 FY2022 Earnings Call
· Earnings call transcript and AI-powered summary
Quarter Overview
- Q3 revenue reached $7.1B, up 50% year-over-year and a new quarterly record.
- Record results across Gaming, Data Center, and Professional Visualization.
- Non-GAAP EPS was $1.17, up 60% YoY; GAAP EPS was $0.97, up 83% YoY.
- Cash flow from operations was $1.5B, up from $1.3B YoY, but down from $2.7B in the prior quarter due to supply prepayments.
Segment Performance
Gaming
- Revenue: $3.2B, up 5% sequentially and 42% YoY.
- Demand for GPUs remains high; channel inventory described as low.
- RTX laptop GPUs delivered strong YoY growth.
- Over 200 games/apps now support RTX; 125 use DLSS; 45 new DLSS titles added in the quarter.
- GeForce NOW surpassed 14 million users, more than doubling YoY.
- Cryptomining Processor revenue: $105M, declining and included in OEM & Other.
Professional Visualization
- Revenue: $577M, up 11% sequentially and 144% YoY.
- Growth led by workstation demand supporting hybrid workforce needs.
- Omniverse Enterprise launched with strong early adoption: 700+ companies evaluating, 70,000 downloads since beta.
Automotive
- Revenue: $135M, down 11% sequentially but up 8% YoY.
- Sequential decline driven by automotive supply chain constraints.
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