Q3 FY24 Earnings Summary
Highlights
Record quarter driven by strong Data Center growth
• Total revenue up 206% Y/Y to $18.12B, well above outlook of $16.00B +/- 2%
Data Center up 279% Y/Y to $14.51B
Gaming up 81% Y/Y to $2.86B
Record Data Center revenue driven by continued ramp of NVIDIA HGX platform and InfiniBand networking
• Consumer internet and enterprise companies drove exceptional sequential growth, outpacing total growth
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Strong demand from all hyperscale cloud service providers (CSPs), and a broadening set of GPU-specialized CSPs
• Inference is contributing significantly to NVIDIA Data Center demand as Al is now in full production
Gaming growth reflects strong demand for GeForce RTX 40 series GPUs for back-to-school and the holidays
GeForce RTX available at price points as low as $299 — entering the holidays with best-ever line-up for gamers and creators
Gaming has doubled relative to pre-COVID levels even against the backdrop of lackluster PC market performance
Gen Al emerging as new “killer app" for high-performance PCS — NVIDIA RTX is the natural platform for Al-application developers
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