As of October 30, 2022, the company had $8.28 billion remaining under its share repurchase authorization through December 2023. Accelerated computing lets companies achieve orders-of-magnitude increases in productivity while saving money and the environment,” he said.ĭuring the third quarter of fiscal 2023, NVIDIA returned to shareholders $3.75 billion in share repurchases and cash dividends, bringing the return in the first three quarters to $9.29 billion. Limited by physics, general purpose computing has slowed to a crawl, just as AI demands more computing. “NVIDIA’s pioneering work in accelerated computing is more vital than ever. “The ramp of our new platforms ― Ada Lovelace RTX graphics, Hopper AI computing, BlueField and Quantum networking, Orin for autonomous vehicles and robotics, and Omniverse ― is off to a great start and forms the foundation of our next phase of growth. “We are quickly adapting to the macro environment, correcting inventory levels and paving the way for new products,” said Jensen Huang, founder and CEO of NVIDIA. Non-GAAP earnings per diluted share were $0.58, down 50% from a year ago and up 14% from the previous quarter. GAAP earnings per diluted share for the quarter were $0.27, down 72% from a year ago and up 4% from the previous quarter. NVIDIA (NASDAQ: NVDA) today reported revenue for the third quarter ended October 30, 2022, of $5.93 billion, down 17% from a year ago and down 12% from the previous quarter. Quarterly return to shareholders of $3.75 billion.Data Center revenue of $3.83 billion, up 31% from a year ago.
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