NVIDIA reported revenue of $7.64 billion (+53 percent) for the fourth quarter ended January 30, 2022 – lifted by demand for Gaming, Data Center and Professional Visualization market platforms.
NVIDIA’s revenue for fiscal 2022 increased 61 percent to a record $26.91 billion.
“We are seeing exceptional demand for NVIDIA computing platforms,” said Jensen Huang, founder and CEO of NVIDIA. “NVIDIA is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics – some of today’s most impactful fields.
NVIDIA, sharing the outlook for the first quarter of fiscal 2023, said its revenue is expected to be $8.10 billion, plus or minus 2 percent.
Chief Executive Jensen Huang also told analysts on a call that business was constrained by supply but he expected that to improve.
With tech firms venturing into the “metaverse” and a spike in demand for data centers, revenue is surging for Nvidia, the world’s largest maker of graphic and artificial intelligence chips, and for other chip makers.
Gaming revenue grew 37 percent to $3.42 billion reflecting higher sales of GeForce GPUs. There was strong demand for NVIDIA Ampere architecture products.
Nearly all desktop NVIDIA Ampere architecture GeForce GPU shipments are Lite Hash Rate to help direct GeForce GPUs to gamers.
Data Center revenue increased 71 percent to $3.26 billion mainly driven by sales of NVIDIA Ampere architecture GPUs across both training and inference for cloud computing and AI workloads such as natural language processing and deep recommender models.
Professional Visualization revenue grew 109 percent to $643 million chiefly driven by NVIDIA Ampere architecture products and strong demand for workstations as enterprises support hybrid work environments, as well as growth in workloads such as 3D design, AI and rendering.
Automotive revenue fell 14 percent due to the decline of legacy cockpit revenue, as well as automotive makers’ supply constraints, partially offset by the ramp of self-driving programs.
OEM and Other revenue increased 25 percent
Cryptocurrency Mining Processor (CMP) revenue was $24 million in the quarter, down from $105 million in the prior quarter, and was $550 million for the fiscal year. There was nominal CMP revenue in the prior year.
Automotive revenue was $125 million, down 14 percent from a year ago.