Nvidia Made Astonishing $18.1 Billion Revenue Last Quarter

Expert Verified By

Nvidia Is Unstoppable!

Nvidia has been on a winning streak since last year and has shown aggressive growth in the third quarter of Fiscal Year 2024, which ended on 29 October. It reported record revenues of $18.1 billion and net profits of $9.2 billion.

For a company that started picking up its pace over a year ago, these numbers are indeed astonishing. It has resulted in a gain of 1260 % and 206 % year-over-year, with revenues in the triple digits.

According to CEO and Founder Jensen Huang, the rapid expansion is a reflection of the industry’s wide platform shift from general-purpose to accelerated computing and generative artificial intelligence.

Nvidia GTC 2022

That being said, the continuous growth in a company like Nvidia does not come as a surprise. The largest division of Nvidia was once again its data center division, with record revenues of $14.51 billion, up 279% over the same quarter last year.

Meanwhile, revenues from its gaming division reached $2.86 billion, increasing 81% year over year. The Professional Visualization and Automotive industries trailed behind, generating revenues of $416 million and $261 million, respectively, representing an increase of 108% and 4%.

Nvidia has pulled some impressive numbers in the first three quarters of 2023. However, the upcoming quarter might tell a different story entirely, with U.S.-specific restrictions on China and some other Middle Eastern countries. That is going to play a major role in Nvidia’s overall revenue.

Still, the company is optimistic and hopes to make up for the lower sales through growth in other areas. Through incredible profits on H100 GPUs and projected revenue of $300 billion from AI, the company expects to compensate for these bans.

Additionally, it will continue to play a role in the gaming industry, recently confirming that it does not intend to become an AI-only business.

Was our article helpful? 👨‍💻

Thank you! Please share your positive feedback. 🔋

How could we improve this post? Please Help us. 😔

Gear Up For Latest News

Get exclusive gaming & tech news before it drops. Sign up today!

Join Our Community

Still having issues? Join the Tech4Gamers Forum for expert help and community support!

Latest News

Join Our Community

104,000FansLike
32,122FollowersFollow

Trending

Sega To Focus On Global Market Instead Of Japanese-First Approach For A Strong Comeback, President Confirms

Sega president Shuji Utsumi has confirmed that the company is adopting a more modern global focus approach to become a behemoth once again.

Fans Claim Game Pass Quality Has Significantly Improved In 2025 Compared To Last Year

Fans claim that the Game Pass value has significantly improved in 2025 compared to last year, with some stating they no longer purchase games.

Colorful Launches iGame GeForce RTX 5050 Series with Unique Designs

Colorful releases the GeForce RTX 5050 Series with three different variants, powered by NVIDIA Blackwell and DLSS 4.

New GTA 6 Job Listings Suggest Rockstar Preparing Huge Global Marketing Campaign

New GTA 6 job listing confirms that Rockstar is confident in the game's current release date, as a huge marketing campaign is about to begin.

GTA Veteran Says Game Launches Are More Stressful Now Compared To PS2 Era

Former GTA developer says game launches are now...