The POWR ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree. NVDA has an overall C rating, which equates to a Neutral in our proprietary POWR Ratings system. In turn, its adjusted EPS climbed 49% to $1.36. Its non-GAAP operating income increased 55% from the prior-year quarter to $3.96 million. This significant growth was driven by an 83% rise in data center sales to $3.75 billion and a 31% increase in gaming revenue to $3.62 billion.
NVDA’s revenue has increased 46% year-over-year to $8.29 billion in the third quarter, ended May 1, 2023.
The company blamed diminished revenue in Russia and COVID-19-related production shutdowns in China. In addition, the stock was down nearly 5.5% in late trading yesterday after the chipmaker issued a softer-than-expected outlook for the July quarter. While the company’s shares are up 8.5% in price over the past year, the stock is down 42.3% year-to-date, closing yesterday’s trading session at $169.75. Its products are used in gaming devices, data centers, and automobiles.
The company operates in two segments: Graphics and Computing and Networking. Santa Clara, Calif.-based NVIDIA Corporation ( NVDA ) is a leading semiconductor and networking solutions firm located in the United States.
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