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NVIDIA sets revenue records for Q4 FY22 and the entire 2022 fiscal year

NVIDIA GeForce RTX 3070
NVIDIA GeForce RTX 3070 (Image credit: Harish Jonnalagadda / Windows Central)

What you need to know

  • NVIDIA earned record revenue in the final quarter of the 2022 fiscal year.
  • The company also reported record revenue for the entirety of the 2022 fiscal year.
  • Costs related to NVIDIA's failed acquisition of Arm will be written off in the first quarter of the 2023 fiscal year.

NVIDIA saw a record-breaking quarter in Q4 FY22 of the fiscal year, which ended on January 30, 2022. The company also reported (opens in new tab) record revenue for the entirety of the most recent fiscal year. NVIDIA brought in $7.64 billion of revenue in Q4 '22, which was an increase of 53% year-over-year. The tech giant's $26.91 billion of revenue in the 2022 fiscal year was up 61% compared to the previous year.

"We are seeing exceptional demand for NVIDIA computing platforms," said NVIDIA founder and CEO Jensen Huang. "NVIDIA is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics – some of today's most impactful fields.

Below are NVIDIA's GAAP (Generally Accepted Accounting Principles) figures for Q4 FY22 and the 2022 fiscal year:

($ in millions, except earnings per share)Q4 FY22Q3 FY22Q4 FY21Q/QY/Y
Revenue$7,643$7,103$5,003Up 8%Up 53%
Gross margin65.4 %65.2 %63.1 %Up 20 bpsUp 230 bps
Operating expenses$2,029$1,960$1,650Up 4%Up 23%
Operating income$2,970$2,671$1,507Up 11%Up 97%
Net income$3,003$2,464$1,457Up 22%Up 106%
Diluted earnings per share$1.18$0.97$0.58Up 22%Up 103%
($ in millions, except earnings per share)FY22FY21Y/Y
Revenue$26,914$16,675Up 61%
Gross margin64.9 %62.3 %Up 260 bps
Operating expenses$7,434$5,864Up 27%
Operating income$10,041$4,532Up 122%
Net income$9,752$4,332Up 125%
Diluted earnings per share$3.85$1.73Up 123%

NVIDIA's gaming, data center, and professional visualization markets all brought in record revenue in the final quarter of the 2022 fiscal year. In Q4 FY22, the company brought in $3.42 billion through gaming, $3.26 billion through its data centers, and $643 million through professional visualization. Those figures were likely bolstered by NVIDIA launching some of the best graphics cards during the reporting period.

NVIDIA's automotive segment saw a 14% decrease in revenue to $125 million in Q4 FY22.

The figures from Q4 FY22 do not reflect NVIDIA's failed acquisition of Arm. Despite the deal not being able to close, SoftBank will keep well over $1 billion from NVIDIA. In relation to the failed acquisition, NVIDIA will record a $1.36 billion write-off in the first quarter of the 2023 fiscal year.

Sean Endicott
News Writer and apps editor

Sean Endicott brings nearly a decade of experience covering Microsoft and Windows news to Windows Central. He joined our team in 2017 as an app reviewer and now heads up our day-to-day news coverage. If you have a news tip or an app to review, hit him up at sean.endicott@futurenet.com (opens in new tab).