NVIDIA Announces Financial Results for Second Quarter Fiscal 2024 | NVIDIA Newsroom

The Nugget

NVIDIA reported record revenue of $13.51 billion in the second quarter of fiscal year 2024, marking an 88% increase from the previous quarter and a 101% increase from the same period a year ago.

Make it stick

📈 Record revenue: $13.51 billion, up 88% from the previous quarter and 101% from the same period a year ago.
🌐 Diverse growth: Significant revenue growth across various sectors, including Data Center, Gaming, and Professional Visualization.
🔮 Generative AI: NVIDIA's focus on accelerated computing and generative AI is driving industry shifts towards AI-powered solutions.
🎮 Gaming innovation: Launch of new GeForce RTX GPUs and AI-powered gaming technologies like DLSS.

NVIDIA reported record revenue of $13.51 billion for Q2 FY24, showing tremendous growth.
Data Center revenue reached a record $10.32 billion, up 141% from the previous quarter and 171% year-over-year.
The company returned $3.38 billion to shareholders and announced an additional $25 billion in share repurchases.

Introduced the NVIDIA GH200 Grace Hopper Superchip for AI and HPC workloads and NVIDIA L40S GPU for data center applications.
Collaboration with companies like ServiceNow, Accenture, VMware, Snowflake, WPP, and others to advance generative AI for various industries.
Gaming revenue increased with the launch of the GeForce RTX 4060 family and NVIDIA Avatar Cloud Engine for intelligent gaming experiences.
In Professional Visualization, NVIDIA announced new desktop workstation RTX GPUs and enhanced the NVIDIA Omniverse platform.
Progress in the Automotive sector with technologies like NVIDIA DRIVE Orin powering intelligent driver assistance systems.

"A new computing era has begun. Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI." - Jensen Huang, founder and CEO of NVIDIA
"NVIDIA achieved progress since its previous earnings announcement in areas like Data Center, Gaming, and Professional Visualization."
"NVIDIA's focus on generative AI and partnerships across various sectors is driving innovation and industry transformations."

This summary contains AI-generated information and may have important inaccuracies or omissions.