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Nvidia’s results remain strong despite the collapse of its ARM purchase agreement

Just a few days ago it was confirmed that Nvidia was not going to finally buy ARM, due to problems and obstacles with the regulatory entities of different countries. But despite that, his results they are still solid. As an example of this, the 7.64 billion of dollars that entered the company in the last three months of its fiscal year 2022. It is a figure that represents a year-on-year increase of 53%. In addition, its shares rose $1.32.

In its entire fiscal year 2022, the company has had revenues of 26.91 billion dollars, 61% more than in its fiscal year 2021. In addition, its shares have earned 4.44 dollars for each title. Of course, Nvidia has warned that in the current quarter, the first of its fiscal year 2023, they will record an operating expense of 1,360 million dollars for the amount that it gave as a signal for the payment of ARM, and that it has lost when breaking the deal.

By divisions, the one dedicated to Gaming has grown by 37% year-on-year, reaching 3,420 million dollars in the quarter, due to the strong demand for GPUs and SOCs for video game consoles. Throughout the company’s fiscal year 2022, the division has brought in $12.46 billion.

As for the Data Center division, its revenue is up 71% from the last quarter of the company’s fiscal year 2021. In total, this area has had an income of 3,260 million dollars. On the other hand, Nvidia’s Professional Display business saw revenue rise 109% to $643 million, with desktop workstation GPUs accounting for most of that growth. Finally, its area dedicated to the automotive industry entered 125 million dollars.

Nvidia has also offered its forecasts for the current quarter, in which it expects to have revenues of 8.1 billion dollars, with a margin of error for excess or defect of 2%. In addition, the company has paid quarterly dividends to its shareholders, in cash, of 100 million dollars in the last quarter. In total, for the entire 2022 fiscal year the company has paid them $399 million in dividends. The next payment will take place on March 24, the date on which Nvidia shareholders will receive $0.04 for each share they held as of March 3.

Jensen Huang, CEO of Nvidiahas highlighted that in the company they are observing «exceptional demand for Nvidia computing platforms. In addition, he recalled that «Nvidia is promoting advances in Artificial Intelligence, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics, some of the fields with the most impact today. We are entering the new year with strong momentum from our businesses and excellent traction from our new business models with Nvidia AI, Nvidia Omniverse and Nvidia Drive.«.

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