Revenue is expected to be $5.90 billion, plus or minus 2%.NVIDIA’s outlook for the third quarter of fiscal 2023 is as follows: ($ in millions, except earnings per share) NVIDIA will pay its next quarterly cash dividend of $0.04 per share on September 29, 2022, to all shareholders of record on September 8, 2022. NVIDIA plans to continue share repurchases this fiscal year. The company has $11.93 billion remaining under its share repurchase authorization through December 2023. “I look forward to next month’s GTC conference, where we will share new advances in RTX, as well as breakthroughs in AI and the metaverse, the next evolution of the internet. Join us,” he said.ĭuring the second quarter of fiscal 2023, NVIDIA returned to shareholders $3.44 billion in share repurchases and cash dividends, following a return of $2.10 billion in the first quarter.
Advances in AI are driving our Data Center business while accelerating breakthroughs in fields from drug discovery to climate science to robotics. Automotive is becoming a tech industry and is on track to be our next billion-dollar business. “Accelerated computing and AI, the pioneering work of our company, are transforming industries. “We are navigating our supply chain transitions in a challenging macro environment and we will get through this,” said Jensen Huang, founder and CEO of NVIDIA. Non-GAAP earnings per diluted share were $0.51, down 51% from a year ago and down 63% from the previous quarter. GAAP earnings per diluted share for the quarter were $0.26, down 72% from a year ago and down 59% from the previous quarter. NVIDIA today reported revenue for the second quarter ended July 31, 2022, of $6.70 billion, up 3% from a year ago and down 19% from the previous quarter.
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