NVIDIA (NVDA) FY2023 results: revenue $27.0 billion, up 0.2% on the year
NVIDIA Corp. (NVDA) reported revenue of $27.0 billion for fiscal 2023, the year ended 29 January 2023, up 0.2% on the year before. Net income was $4.4 billion, down 55.2%, and diluted earnings per share $0.17. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$27.0 billion
+0.2% on the year
FY2016FY2023
Operating margin
15.7%
37.3% a year earlier
FY2016FY2023
Net income
$4.4 billion
-55.2% on the year
FY2016FY2023
Diluted EPS
$0.17
-54.8% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
5,641
9,108
5,822
-38.1%
Capital expenditure
1,833
976
n/a
+87.8%
Free cash flow
3,808
8,132
n/a
-53.2%
Free cash flow margin
14.1%
30.2%
n/a
Cash from investing
7,375
-9,830
-19,675
Cash from financing
-11,617
1,865
3,804
Depreciation and amortisation
1,544
1,174
1,098
+31.5%
Share-based compensation
2,709
2,004
1,397
+35.2%
Buybacks
10,039
0.0
0.0
Dividends paid
398
399
395
-0.3%
Dividend per share
$0.02
$0.02
$0.02
0.0%
Diluted shares, weighted
25,070m
25,350m
25,120m
-1.1%
Shares outstanding at period end
24,660m
25,060m
24,800m
-1.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
22,101
26,612
16,893
-17.0%
Debt
10,953
10,946
6,963
+0.1%
Operating lease liabilities
902
741
634
+21.7%
Other liabilities
7,226
5,888
4,301
+22.7%
Total liabilities and equity
41,182
44,187
28,791
-6.8%
Fixed assets
3,807
2,778
2,149
+37.0%
Goodwill
4,372
4,349
4,193
+0.5%
Intangible assets
1,676
2,339
2,737
-28.3%
Investments
9,907
19,218
10,714
-48.4%
Cash and equivalents
3,389
1,990
847
+70.3%
Receivables
3,827
4,650
2,429
-17.7%
Inventory
5,159
2,605
1,826
+98.0%
Other assets
9,045
6,258
3,896
+44.5%
Total assets
41,182
44,187
28,791
-6.8%
10-K for the year ended 29 January 2023, filed 24 February 2023: the filing.