NVIDIA Reports Record Revenue of $7.1 Billion USD for Q3 of Fiscal 2022
Marking a 50% increase from the same period last year.
Riding the wave of ever-increasing demand for GPUs, NVIDIA has now reported record results for the third quarter of fiscal 2022.
Over the three months, the tech firm brought in $7.1 billion USD, representing a 50% increase from the same period last year and a 9% growth over the previous quarter. Record-breaking revenues were recorded across NVIDIA’s Gaming, Data Center and Professional Visualization departments. The first of the three raked in $3.22 billion USD, marking a 42% surge year-over-year, while the second made $2.94 billion USD, equating to 55% in growth. Earnings per share came in at $0.97 USD, up 83% from a year ago.
“The third quarter was outstanding, with record revenue,” said the company’s founder and CEO Jensen Huang. “Demand for NVIDIA AI is surging, driven by hyperscale and cloud scale-out, and broadening adoption by more than 25,000 companies. NVIDIA RTX has reinvented computer graphics with ray tracing and AI, and is the ideal upgrade for the large, growing market of gamers and creators, as well as designers and professionals building home workstations.”
Elsewhere in tech, Apple is planning to introduce its full self-driving car by 2025.
