NVDA Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2023-10-29), NVDA reported revenue of $18.1B, gross profit of $13.4B (74.0% gross margin), operating income of $10.4B, and net income of $9.2B (51.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NVDA was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
NVDA Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $18.1B | 100% |
| Cost of Revenue | −$4.7B | 26.0% |
| Gross Profit | $13.4B | 74.0% |
| Research & Development | −$2.3B | 12.7% |
| Selling, General & Administrative | −$689M | 3.8% |
| Operating Income | $10.4B | 57.5% |
| Interest Expense | −$63M | 0.3% |
| Other Income, net | $168M | 0.9% |
| Income Tax Expense | −$1.3B | 7.1% |
| Net Income | $9.2B | 51.0% |
Source: original SEC filing (filed 2023-11-21). Accession 0001045810-23-000225. Data normalized by EarningsFyi.