NVIDIA Corporation Q4 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • Q4 revenue reached 7.6 billion dollars, up 53 percent year-over-year and a new record. This compares to 4.9 billion dollars in Q4 FY2021.
  • Full-year revenue was 26.9 billion dollars, up 61 percent year-over-year.
  • Record quarterly revenue in Gaming, Data Center and Professional Visualization segments.

Gaming Segment

  • Q4 revenue of 3.4 billion dollars, up 6 percent sequentially and 37 percent year-over-year. FY revenue grew 61 percent year-over-year to 12.5 billion dollars.
  • Growth driven by GeForce RTX 30 Series, especially high-end GPUs, and strong demand in both desktop and laptop gaming.
  • Over 160 new laptop designs announced featuring NVIDIA RTX 30 Series GPUs.
  • GeForce NOW cloud gaming added new titles and partnerships with Samsung, LG and AT&T.
  • Cryptomining processor revenue was 24 million dollars, down significantly from previous quarters (CMP revenue had exceeded 100 million dollars in earlier FY2022 quarters).

Professional Visualization

  • Q4 revenue was 643 million dollars, up 11 percent sequentially and 109 percent year-over-year.
  • Full-year revenue doubled to 2.1 billion dollars.
  • Growth driven by hybrid work demand, 3D design, AI workloads and Omniverse adoption.

Automotive

  • Q4 revenue of 125 million dollars, down 7 percent sequentially and 14 percent year-over-year.

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Operator: Good afternoon. My name is David, and I will be your conference operator today. At this time, I'd like to welcome everyone to NVIDIA's Fourth Quarter Earnings Call. Today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]. Thank you. Simona Jankowski, you may begin your conference. Simona Jankowski: Thank you. Good afternoon, everyone, and welcome to NVIDIA's Conference Call for the Fourth Quarter of Fiscal 2022. With me today from NVIDIA are Jensen Huang, President and Chief Executive Officer; and Colette Kress, Executive Vice President and Chief Financial Officer. I'd like to remind you that our call is being webcast live on NVIDIA's Investor Relations website. The webcast will be available for replay until the conference call to discuss our financial results for the first quarter of fiscal 2023. The content of today's call is NVIDIA's property. It can't be reproduced or transcribed without our prior written consent. During this call, we may make forward-looking statements based on current expectations. These are subject to a number of significant risks and uncertainties, and our actual results may differ materially. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release, our most recent Forms 10-K and 10-Q and the reports that

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