NVIDIA Corporation Q4 FY2023 Earnings Call

· Earnings call transcript and AI-powered summary

Overview

  • Q4 revenue: $6.05B (up 2% sequentially, down 21% year-over-year).
  • FY2023 revenue: $27B (flat year-over-year).
  • Q1 FY2024 revenue outlook: $6.5B ± 2%, driven by growth across all platforms, led by Data Center and Gaming.

Data Center

  • Q4 revenue: $3.62B (down 6% sequentially, up 11% year-over-year).
  • FY revenue: $15B (up 41%).
  • Sequential decline due largely to lower China sales and CSP build-plan pauses.
  • H100 adoption strong; in its second quarter of ramp, H100 revenue exceeded A100 revenue.
  • Hyperscale and CSP demand expected to accelerate through FY2024, driven by generative AI.
  • CSPs now represent ~40% of trailing four-quarter Data Center revenue.
  • NVIDIA expects year-over-year Data Center growth in Q1 and accelerating throughout FY2024.

AI and Software

  • Enterprise AI software revenue reached record levels in Q4; now in the “hundreds of millions.”
  • Launch of NVIDIA AI cloud services across CSPs, including DGX Cloud for instant-access AI supercomputers.
  • New offerings include NVIDIA AI Enterprise 3.0 and upcoming NeMo/BioNeMo model services.
  • Jensen Huang emphasized that NVIDIA AI is effectively the “operating system of AI.”

Gaming

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Good afternoon. My name is Emma, and I will be your conference operator today. At this time, I would like to welcome everyone to the NVIDIA's Fourth Quarter Earnings Call. [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 2023. 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 the financial results for the first quarter of fiscal 2024. 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 we may file on Form 8-K with the Securities and Exchange Commission. All our statements are made as of today, February 22, 2023, based on information currently available t

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional