What you need to know
- NVIDIA recently shared its Q3 fiscal year 2022 earnings.
- The company managed $7.1 billion in revenue, representing a 50% year-over-year (YoY) gain.
- It also gave an update on the Arm acquisition, highlighting that the EU and UK are both giving the merger a hard time, while also revealing that the US Federal Trade Commission isn't entirely happy with the deal either.
Perfectly balanced, as all earnings report news should be, NVIDIA shared both something sweet and something sour when presenting its Q3 FY22 financial figures. Not only did it broadcast that it managed a whopping $7.1 billion in revenue (a 50% YoY increase), but it also outlined all the various parties who are making sure the Arm acquisition is anything but a smooth ride.
NVIDIA's successful quarter, in which it beat Wall Street estimates and continued its hurried shuffle toward a $1 trillion market cap, was adorned by many other big year-over-year jumps, which can all be viewed at the company's earnings report.
In that same report, there's a section dedicated to discussing the Arm acquisition's status. As we've already detailed here on Windows Central, multiple jurisdictions stand in the way of NVIDIA's $40-plus billion deal going through, including China, the UK, and the EU. Now, NVIDIA's also clarified that the U.S. isn't eager to greenlight the deal either.
"Regulators at the US Federal Trade Commission (FTC) have expressed concerns regarding the transaction, and we are engaged in discussions with the FTC regarding remedies to address those concerns," NVIDIA's report reads. It also outlines the current state of the merger with regards to Chinese, EU, and U.K. regulatory bodies, though those statements simply reiterate existing public knowledge.