- 季度收入60.5亿美元，同比下降21%
- 财政年度收入270亿美元，与去年持平
- 季度和年度股东回报分别为11.5亿美元和104.4亿美元
NVIDIA（NASDAQ:NVDA）今天公布，截至2023年1月29日的第四季度收入为60.5亿美元，比去年同期下降21%，比上一季度上升2%。 GAAP earnings per diluted share for the quarter were $0.57, down 52% from a year ago and up 111% from the previous quarter. Non-GAAP earnings per diluted share were $0.88, down 33% from a year ago and up 52% from the previous quarter. For fiscal 2023, revenue was $26.97 billion, flat from a year ago. GAAP earnings per diluted share were $1.74, down 55% from a year ago. Non-GAAP earnings per diluted share were $3.34, down 25% from a year ago. "AI is at an inflection point, setting up for broad adoption reaching into every industry,” said Jensen Huang, founder and CEO of NVIDIA. “From startups to major enterprises, we are seeing accelerated interest in the versatility and capabilities of generative AI. “We are set to help customers take advantage of breakthroughs in generative AI and large language models. Our new AI supercomputer, with H100 and its Transformer Engine and Quantum-2 networking fabric, is in full production. “Gaming is recovering from the post-pandemic downturn, with gamers enthusiastically embracing the new Ada architecture GPUs with AI neural rendering,” he said. NVIDIA AI Cloud Service Offerings
NVIDIA is partnering with leading cloud service providers to offer AI-as-a-service that provides enterprises access to NVIDIA’s world-leading AI platform. Customers will be able to engage each layer of NVIDIA AI – the AI supercomputer, acceleration libraries software or pretrained generative AI models – as a cloud service. Using their browser, they will be able to engage an NVIDIA DGX™ AI supercomputer through the NVIDIA DGX Cloud, which is already offered on Oracle Cloud Infrastructure, with Microsoft Azure, Google Cloud Platform and others expected soon. At the AI platform software layer, they will be able to access NVIDIA AI Enterprise for training and deploying large language models or other AI workloads. And at the AI-model-as-a-service layer, NVIDIA will offer its NeMo™ and BioNeMo™ customizable AI models to enterprise customers who want to build proprietary generative AI models and services for their businesses. Further details will be shared at the company’sGTC developer conference, taking place virtually March 20-23. Return to Shareholders During the fourth quarter of fiscal 2023, NVIDIA returned to shareholders $1.15 billion in share repurchases and cash dividends, bringing the return in the fiscal year to $10.44 billion. NVIDIA will pay its next quarterly cash dividend of $0.04 per share on March 29, 2023, to all shareholders of record on March 8, 2023. Q4 Fiscal 2023 Summary | GAAP | | ($ in millions, except earnings per share) | Q4 FY23 | Q3 FY23 | Q4 FY22 | Q/Q | Y/Y | | Revenue | $6,051 | $5,931 | $7,643 | Up 2% | Down 21% | | Gross margin | | 63.3% | | 53.6% | | 65.4% | Up 9.7 pts | Down 2.1 pts | | Operating expenses | $2,576 | $2,576 | $2,029 | -- | Up 27% | | Operating income | $1,257 | $601 | $2,970 | Up 109% | Down 58% | | Net income | $1,414 | $680 | $3,003 | Up 108% | Down 53% | | Diluted earnings per share | $0.57 | $0.27 | $1.18 | Up 111% | Down 52% |
| Non-GAAP | | ($ in millions, except earnings per share) | Q4 FY23 | Q3 FY23 | Q4 FY22 | Q/Q | Y/Y | | Revenue | $6,051 | $5,931 | $7,643 | Up 2% | Down 21% | | Gross margin | | 66.1% | | 56.1% | | 67.0% | Up 10.0 pts | Down 0.9 pts | | Operating expenses | $1,775 | $1,793 | $1,447 | Down 1% | Up 23% | | Operating income | $2,224 | $1,536 | $3,677 | Up 45% | Down 40% | | Net income | $2,174 | $1,456 | $3,350 | Up 49% | Down 35% | | Diluted earnings per share | $0.88 | $0.58 | $1.32 | Up 52% | Down 33% |
Fiscal 2023 Summary | GAAP | | ($ in millions, except earnings per share) | FY23 | FY22 | Y/Y | | Revenue | $26,974 | $26,914 | -- | | Gross margin | | 56.9% | | 64.9% | 下降8.0分 | | Operating expenses | $11,132 | $7,434 | 增长50% | | Operating income | $4,224 | $10,041 | Down 58% | | Net income | $4,368 | $9,752 | 下降55% | | Diluted earnings per share | $1.74 | $3.85 | 下降55% |
| Non-GAAP | | ($ in millions, except earnings per share) | FY23 | FY22 | Y/Y | | Revenue | $26,974 | $26,914 | -- | | Gross margin | | 59.2% | | 66.8% | 下降7.6分 | | Operating expenses | $6,925 | $5,279 | 增长31% | | Operating income | $9,040 | $12,690 | 下跌29% | | Net income | $8,366 | $11,259 | 下降26% | | Diluted earnings per share | $3.34 | $4.44 | 下降25% |
见解
NVIDIA对2024财年第一季度的展望如下： - 预计收入为65亿美元，正负2%。
- GAAP和非GAAP毛利率预计分别为64.1%和66.5%，正负50个基点。
- GAAP和非GAAP运营费用预计分别约为25.3亿美元和17.8亿美元。
- GAAP和非GAAP其他收入和支出预计约为5000万美元，不包括非关联投资的损益。
- GAAP和非GAAP税率预计为13.0%，正负1%，不包括任何离散项目。
集锦 NVIDIA自上一次盈利公告以来，在以下领域取得了进展： 数据中心 游戏 专业可视化 汽车和嵌入式 首席财务官评论
NVIDIA执行副总裁兼首席财务官科莱特·克雷斯（Colette Kress）对本季度的评论，请访问https://investor.网站/. 电话会议和网络广播信息
NVIDIA将于今日太平洋时间下午2点（东部时间下午5点）与分析师和投资者举行电话会议，讨论其第四季度和2023财年的财务业绩以及当前的财务前景。NVIDIA投资者关系网站将提供电话会议的在线直播（监听模式），https://investor.网站在NVIDIA召开电话会议讨论2024财年第一季度的财务业绩之前，该网络广播将被录制并重播。 非GAAP措施
为了补充NVIDIA根据公认会计准则编制的简明合并财务报表，该公司使用非公认会计准则衡量财务业绩的某些组成部分。这些非GAAP指标包括非GAAP毛利、非GAAP毛利率、非GAAC营业费用、非GAAR营业收入、非GAAP-其他收入（费用）、净收入、非-GAAP净收入、每股摊薄非GAAP净收入或收益以及自由现金流。为了使NVIDIA的投资者能够更好地将其当前业绩与之前的业绩进行比较，该公司已将GAAP与非GAAP财务指标进行了对账。这些对账调整了相关的GAAP财务指标，以排除收购终止成本、股票补偿费用、收购相关和其他成本、出资、知识产权相关成本、法律结算成本、重组成本和其他非关联投资损益，与债务贴现摊销相关的利息费用、这些项目的相关税务影响（如适用）、外国税收优惠和本土化税收调整。自由现金流的计算方法为经营活动产生的GAAP净现金减去购买物业和设备、无形资产以及支付物业和设备及无形资产的本金。NVIDIA认为，非公认会计准则财务指标的介绍有助于用户全面了解公司的历史财务业绩。公司非公认会计准则财务指标的列报并不意味着被孤立地考虑，也不意味着被视为公司根据公认会计准则编制的财务业绩的替代品，而且公司的非公认会计指标可能与其他公司使用的非公认公司指标不同。 | NVIDIA公司 | | | 简明合并损益表 | | | （单位：百万，每股数据除外） | | | （未经审计） | | | | | | | | | | | | | | | | | | | | | | | | | | | 截至年月日的三个月 | | 截至12个月 | | | | | 1月29日， | | 1月30日， | | 1月29日， | | 1月30日， | | | | | | 2023 | | | | 2022 | | | | 2023 | | | | 2022 | | | | | | | | | | | | | | | Revenue | $ | 6,051 | | | $ | 7,643 | | | $ | 26,974 | | | $ | 26,914 | | | | 收入成本 | | 2,218 | | | | 2,644 | | | | 11,618 | | | | 9,439 | | | | 毛利 | | 3,833 | | | | 4,999 | | | | 15,356 | | | | 17,475 | | | | Operating expenses | | | | | | | | | | 研究与开发 | | 1,951 | | | | 1,466 | | | | 7,339 | | | | 5,268 | | | | 销售、总务和行政 | | 625 | | | | 563 | | | | 2,440 | | | | 2,166 | | | | 收购终止成本 | | - | | | | - | | | | 1,353 | | | | - | | | | | 总营业费用 | | 2,576 | | | | 2,029 | | | | 11,132 | | | | 7,434 | | | | 经营收入 | | 1,257 | | | | 2,970 | | | | 4,224 | | | | 10,041 | | | | 利息收入 | | 115 | | | | 9 | | | | 267 | | | | 29 | | | | 利息支出 | | (65 | ) | | | (61 | ) | | | (262 | ) | | | (236 | ) | | | 其他，净额 | | (18 | ) | | | (53 | ) | | | (48 | ) | | | 107 | | | | | 其他净收入（支出） | | 32 | | | | (105 | ) | | | (43 | ) | | | (100 | ) | | | 所得税前收入 | | 1,289 | | | | 2,865 | | | | 4,181 | | | | 9,941 | | | | 所得税费用（收益） | | (125 | ) | | | (138 | ) | | | (187 | ) | | | 189 | | | | Net income | $ | 1,414 | | | $ | 3,003 | | | $ | 4,368 | | | $ | 9,752 | | | | | | | | | | | | | | | 每股净收益： | | | | | | | | | | 基本 | $ | 0.57 | | | $ | 1.20 | | | $ | 1.76 | | | $ | 3.91 | | | | 稀释 | $ | 0.57 | | | $ | 1.18 | | | $ | 1.74 | | | $ | 3.85 | | | | | | | | | | | | | | | 每股计算中使用的加权平均股份： | | | | | | | | | 基本 | | 2,464 | | | | 2,504 | | | | 2,487 | | | | 2,496 | | | | 稀释 | | 2,477 | | | | 2,545 | | | | 2,507 | | | | 2,535 | | |
| NVIDIA公司 | | | 冷凝合并资产负债表 | | | （单位：百万） | | | （未经审计） | | | | | | | | | | | | | | | | | | | | | | 1月29日， | | 1月30日， | | | | | | 2023 | | 2022 | | | 资产 | | | | | | | | | | | | | | | 流动资产： | | | | | | | 现金、现金等价物和有价证券 | | $ | 13,296 | | $ | 21,208 | | | 应收账款净额 | | | 3,827 | | | 4,650 | | | 存货 | | | 5,159 | | | 2,605 | | | 预付费用和其他流动资产 | | | 791 | | | 366 | | | | 流动资产总额 | | | 23,073 | | | 28,829 | | | | | | | | | | | 物业和设备净值 | | | 3,807 | | | 2,778 | | | 经营租赁资产 | | | 1,038 | | | 829 | | | 亲善 | | | 4,372 | | | 4,349 | | | 无形资产净额 | | | 1,676 | | | 2,339 | | | 递延所得税资产 | | | 3,396 | | | 1,222 | | | 其他资产 | | | 3,820 | | | 3,841 | | | | 总资产 | | $ | 41,182 | | $ | 44,187 | | | | | | | | | | | 负债和股东权益 | | | | | | | | | | | 流动负债： | | | | | | | 应付账款 | | $ | 1,193 | | $ | 1,783 | | | 应计负债和其他流动负债 | | | 4,120 | | | 2,552 | | | 短期债务 | | | 1,250 | | | - | | | | 流动负债总额 | | | 6,563 | | | 4,335 | | | | | | | | | | | 长期债务 | | | 9,703 | | | 10,946 | | | 长期经营租赁负债 | | | 902 | | | 741 | | | 其他长期负债 | | | 1,913 | | | 1,553 | | | | 负债总额 | | | 19,081 | | | 17,575 | | | | | | | | | | | 股东权益 | | | 22,101 | | | 26,612 | | | | 负债和股东权益合计 | | $ | 41,182 | | $ | 44,187 | |
| NVIDIA公司 | | | 简明合并现金流量表 | | | （单位：百万） | | | （未经审计） | | | | | | | | | | | | | | | | | | | | | | | | | | | 截至年月日的三个月 | | 截至12个月 | | | | | 1月29日， | | 1月30日， | 1月29日 | | 1月30日， | | | | | | 2023 | | | | 2022 | | | | 2023 | | | | 2022 | | | | | | | | | | | | | | | 经营活动产生的现金流量： | | | | | | | | | | Net income | $ | 1,414 | | | $ | 3,003 | | | $ | 4,368 | | | $ | 9,752 | | | | 将净收入调节为净现金的调整 | | | | | | | | | | 由经营活动提供： | | | | | | | | | | 股票薪酬费用 | | 738 | | | | 551 | | | | 2,709 | | | $ | 2,004 | | | | 折旧和摊销 | | 426 | | | | 309 | | | | 1,544 | | | | 1,174 | | | | 非附属公司投资净（收益）损失 | | 10 | | | | 53 | | | | 45 | | | | (100 | ) | | | 递延所得税 | | (647 | ) | | | (225 | ) | | | (2,164 | ) | | | (406 | ) | | | 收购终止成本 | | - | | | | - | | | | 1,353 | | | | - | | | | 其他 | | 20 | | | | 21 | | | | (7 | ) | | | 47 | | | | 经营资产和负债变动，收购净额： | | | | | | | | | | 应收账款 | | 1,081 | | | | (692 | ) | | | 822 | | | | (2,215 | ) | | | 存货 | | (706 | ) | | | (374 | ) | | | (2,554 | ) | | | (774 | ) | | | 预付费用和其他资产 | | (210 | ) | | | (158 | ) | | | (1,517 | ) | | | (1,715 | ) | | | 应付账款 | | (193 | ) | | | 183 | | | | (551 | ) | | | 568 | | | | 应计负债和其他流动负债 | | 166 | | | | 423 | | | | 1,341 | | | | 581 | | | | 其他长期负债 | | 150 | | | | (61 | ) | | | 252 | | | | 192 | | | | 经营活动产生的现金净额 | | 2,249 | | | | 3,033 | | | | 5,641 | | | | 9,108 | | | | 投资活动产生的现金流量： | | | | | | | | | | 有价证券到期收益 | | 2,633 | | | | 7,417 | | | | 19,425 | | | | 15,197 | | | | 有价证券销售收入 | | - | | | | 107 | | | | 1,806 | | | | 1,023 | | | | 有价证券的购买 | | (2,133 | ) | | | (8,767 | ) | | | (11,897 | ) | | | (24,787 | ) | | | 与不动产、设备和无形资产相关的采购 | | (509 | ) | | | (273 | ) | | | (1,833 | ) | | | (976 | ) | | | 收购，现金净额 | | - | | | | (60 | ) | | | (49 | ) | | | (263 | ) | | | Investments and other, net | | 5 | | | | (11 | ) | | | (77 | ) | | | (24 | ) | | | Net cash provided by (used in) investing activities | | (4 | ) | | | (1,587 | ) | | | 7,375 | | | | (9,830 | ) | | | Cash flows from financing activities: | | | | | | | | | | Proceeds related to employee stock plans | | 5 | | | | 4 | | | | 355 | | | | 281 | | | | Payments related to repurchases of common stock | | (1,212 | ) | | | - | | | | (10,039 | ) | | | - | | | | Payments related to tax on restricted stock units | | (344 | ) | | | (622 | ) | | | (1,475 | ) | | | (1,904 | ) | | | Dividends paid | | (98 | ) | | | (100 | ) | | | (398 | ) | | | (399 | ) | | | Principal payments on property and equipment and intangible assets | | (4 | ) | | | (21 | ) | | | (58 | ) | | | (83 | ) | | | Issuance of debt, net of issuance costs | | - | | | | - | | | | - | | | | 4,977 | | | | Repayment of debt | | - | | | | - | | | | - | | | | (1,000 | ) | | | 其他 | | (3 | ) | | | (5 | ) | | | (2 | ) | | | (7 | ) | | | Net cash provided by (used in) financing activities | | (1,656 | ) | | | (744 | ) | | | (11,617 | ) | | | 1,865 | | | | Change in cash and cash equivalents | | 589 | | | | 702 | | | | 1,399 | | | | 1,143 | | | | Cash and cash equivalents at beginning of period | | 2,800 | | | | 1,288 | | | | 1,990 | | | | 847 | | | | Cash and cash equivalents at end of period | $ | 3,389 | | | $ | 1,990 | | | $ | 3,389 | | | $ | 1,990 | | |
| NVIDIA公司 | | RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | | （单位：百万，每股数据除外） | | （未经审计） | | | | | | | | | | | | | | | | 截至年月日的三个月 | | 截至12个月 | | | | | 1月29日， | | October 30, | | 1月30日， | | 1月29日， | | 1月30日， | | | | | | 2023 | | | | 2022 | | | | 2022 | | | | 2023 | | | | 2022 | | | | | | | | | | | | | | | | GAAP gross profit | $ | 3,833 | | | $ | 3,177 | | | $ | 4,999 | | | $ | 15,356 | | | $ | 17,475 | | | GAAP毛利率 | | 63.3% | | | | 53.6% | | | | 65.4% | | | | 56.9% | | | | 64.9% | | | | Acquisition-related and other costs (A) | | 120 | | | | 120 | | | | 86 | | | | 455 | | | | 344 | | | | Stock-based compensation expense (B) | | 30 | | | | 32 | | | | 39 | | | | 138 | | | | 141 | | | | IP-related costs | | | 16 | | | | - | | | | - | | | | 16 | | | | 9 | | | Non-GAAP gross profit | $ | 3,999 | | | $ | 3,329 | | | $ | 5,124 | | | $ | 15,965 | | | $ | 17,969 | | | 非GAAP毛利率 | | 66.1% | | | | 56.1% | | | | 67.0% | | | | 59.2% | | | | 66.8% | | | | | | | | | | | | | | | | GAAP operating expenses | $ | 2,576 | | | $ | 2,576 | | | $ | 2,029 | | | $ | 11,132 | | | $ | 7,434 | | | | Stock-based compensation expense (B) | | (709 | ) | | | (713 | ) | | | (512 | ) | | | (2,572 | ) | | | (1,863 | ) | | | Acquisition-related and other costs (A) | | (54 | ) | | | (54 | ) | | | (70 | ) | | | (219 | ) | | | (292 | ) | | | Restructuring costs and other | | (38 | ) | | | (16 | ) | | | - | | | | (54 | ) | | | - | | | | 收购终止成本 | | - | | | | - | | | | - | | | | (1,353 | ) | | | - | | | | Legal settlement costs | | - | | | | - | | | | - | | | | (7 | ) | | | - | | | | Contributions | | | - | | | | - | | | | - | | | | (2 | ) | | | - | | | Non-GAAP operating expenses | $ | 1,775 | | | $ | 1,793 | | | $ | 1,447 | | | $ | 6,925 | | | $ | 5,279 | | | | | | | | | | | | | | | | GAAP income from operations | $ | 1,257 | | | $ | 601 | | | $ | 2,970 | | | $ | 4,224 | | | $ | 10,041 | | | | Total impact of non-GAAP adjustments to income from operations | | 967 | | | | 935 | | | | 707 | | | | 4,816 | | | | 2,649 | | | Non-GAAP income from operations | $ | 2,224 | | | $ | 1,536 | | | $ | 3,677 | | | $ | 9,040 | | | $ | 12,690 | | | | | | | | | | | | | | | | GAAP other income (expense), net | $ | 32 | | | $ | 12 | | | $ | (105 | ) | | $ | (43 | ) | | $ | (100 | ) | | | (Gains) losses from non-affiliated investments | | 10 | | | | 11 | | | | 53 | | | | 45 | | | | (99 | ) | | | Interest expense related to amortization of debt discount | | 1 | | | | 1 | | | | - | | | | 5 | | | | 3 | | | Non-GAAP other income (expense), net | $ | 43 | | | $ | 24 | | | $ | (52 | ) | | $ | 7 | | | $ | (196 | ) | | | | | | | | | | | | | | | GAAP net income | | $ | 1,414 | | | $ | 680 | | | $ | 3,003 | | | $ | 4,368 | | | $ | 9,752 | | | | Total pre-tax impact of non-GAAP adjustments | | 978 | | | | 947 | | | | 760 | | | | 4,865 | | | | 2,553 | | | | Income tax impact of non-GAAP adjustments (C) | | (218 | ) | | | (171 | ) | | | (330 | ) | | | (867 | ) | | | (712 | ) | | | Domestication tax adjustments | | - | | | | - | | | | 7 | | | | - | | | | (244 | ) | | | Foreign tax benefit | | - | | | | - | | | | (90 | ) | | | - | | | | (90 | ) | | Non-GAAP net income | $ | 2,174 | | | $ | 1,456 | | | $ | 3,350 | | | $ | 8,366 | | | $ | 11,259 | | | | | | | | | | | | | | | | Diluted net income per share | | | | | | | | | | | | GAAP | | $ | 0.57 | | | $ | 0.27 | | | $ | 1.18 | | | $ | 1.74 | | | $ | 3.85 | | | | Non-GAAP | | $ | 0.88 | | | $ | 0.58 | | | $ | 1.32 | | | $ | 3.34 | | | $ | 4.44 | | | | | | | | | | | | | | | | Weighted average shares used in diluted net income per share computation | | 2,477 | | | | 2,499 | | | | 2,545 | | | | 2,507 | | | | 2,535 | | | | | | | | | | | | | | | | GAAP net cash provided by operating activities | $ | 2,249 | | | $ | 392 | | | $ | 3,033 | | | $ | 5,641 | | | $ | 9,108 | | | | Purchases related to property and equipment and intangible assets | | (509 | ) | | | (530 | ) | | | (273 | ) | | | (1,833 | ) | | | (976 | ) | | | Principal payments on property and equipment and intangible assets | | (4 | ) | | | (18 | ) | | | (21 | ) | | | (58 | ) | | | (83 | ) | | Free cash flow | | $ | 1,736 | | | $ | (156 | ) | | $ | 2,739 | | | $ | 3,750 | | | $ | 8,049 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | （A） 收购相关成本和其他成本包括无形资产摊销、交易成本和某些补偿费用，并包含在以下行项目中：
| | | | | 截至年月日的三个月 | | 截至12个月 | | | | | 1月29日， | | October 30, | | 1月30日， | | 1月29日， | | 1月30日， | | | | | | 2023 | | | | 2022 | | | | 2022 | | | | 2023 | | | | 2022 | | | | 收入成本 | $ | 120 | | | $ | 120 | | | $ | 86 | | | $ | 455 | | | $ | 344 | | | | 研究与开发 | $ | 10 | | | $ | 10 | | | $ | 9 | | | $ | 39 | | | $ | 19 | | | | 销售、总务和行政 | $ | 44 | | | $ | 44 | | | $ | 61 | | | $ | 180 | | | $ | 273 | | | | | | | | | | | | | | | | （B） 股票薪酬包括以下内容： | | | | | | | | 截至年月日的三个月 | | 截至12个月 | | | | | 1月29日， | | October 30, | | 1月30日， | | 1月29日， | | 1月30日， | | | | | | 2023 | | | | 2022 | | | | 2022 | | | | 2023 | | | | 2022 | | | | 收入成本 | $ | 30 | | | $ | 32 | | | $ | 39 | | | $ | 138 | | | $ | 141 | | | | 研究与开发 | $ | 527 | | | $ | 530 | | | $ | 362 | | | $ | 1,892 | | | $ | 1,298 | | | | 销售、总务和行政 | $ | 182 | | | $ | 183 | | | $ | 150 | | | $ | 680 | | | $ | 565 | | |
（C） 非GAAP调整的所得税影响，包括根据GAAP会计准则（ASU 2016-09）确认与股票薪酬相关的超额税收利益或不足。 |
| NVIDIA公司 | | | GAAP与非GAAP展望的协调 | | | | | | | | | | 2024财年第一季度展望 | | | | （百万美元） | | | | | | | GAAP毛利率 | | 64.1% | | | | 股票薪酬费用、收购相关成本和其他成本的影响 | | 2.4% | | | | 非GAAP毛利率 | | 66.5% | | | | | | | | GAAP operating expenses | $ | 2,525 | | | | 股票薪酬费用、收购相关成本和其他成本 | | (750 | ) | | | Non-GAAP operating expenses | $ | 1,775 | | | | | | |
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