Nvidia Q4 revenue dips 21% to $6.05B as downturn takes its toll

Posted byby Dean Takahashi
February 22, 2023
Updated June 17, 2025
3 min

Nvidia reported its quarterly revenue for the fourth fiscal quarter ended January 29 was $6.05 billion, down 21% as the downturn took its toll on the AI and gaming chip maker.

But generative AI is expected to create a significant opportunity that will accelerate this year, said Colette Kress, chief financial officer, in a call with analysts.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.