NVIDIA expects to receive about $20 billion in revenue in the fourth quarter

In the third quarter of fiscal year 2024, NVIDIA reported revenue of $18.12 billion. This result is 206% higher than the previous year and 34% better than in the second quarter. This is stated in the company’s statement.

The data center division generated revenue of $14.51 billion, up 279% year-on-year and 41% quarter-on-quarter. Among the factors that contributed to this was the high demand for NVIDIA AI chips.

The company’s gaming division recorded revenue of $2.86 billion in the period under review, up 81% compared to Q3 of FY2023. Compared to the second quarter of fiscal year 2024, the figure increased by 15%.

NVIDIA also predicts that in the fourth quarter its revenue will amount to about $20 billion.

As for the company’s net profit, it reached $9.24 billion in the third quarter. The figure increased by 1259% year-on-year and by 49% quarter-on-quarter.

By the way, NVIDIA recently announced at SC23 the H200 accelerator with HBM3E memory and the Jupiter supercomputer, which are scheduled for release in 2024.