Nvidia could end its current fiscal year with revenue that is not only more than double that of last year when it overtook Intel in annual sales for the first time. It would also be 64 percent more than the combined full-year revenue projected by Intel and AMD.
Nvidia generated nearly 75 percent more revenue than Intel and AMD in its most recently completed quarters — another sign of how Nvidia has dominated its nearest chip rivals in the fast-growing AI computing market. To be has achieved its dominance.
As disclosed on Wednesday, Nvidia reported $35.1 billion third quarter revenueAn increase of 94 percent year on year. With the majority of the company’s sales occurring through the channel, a larger share of partners are likely to benefit, including system integrators and distributors who have seen a greater share of Nvidia’s revenue with a single, unnamed customer, according to Nvidia’s latest 10. Helped generate an estimated 10 percent or more of. Q filing with the US Securities and Exchange Commission.
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On the other hand, Intel recorded 2.6 times less revenue than Nvidia during almost the same period – $13.3 billion, which shows 6 percent decline year-on-year-While AMD earned almost half as much as Intel – $6.8 billion, which set a record for the company And an increase of 18 percent year-on-year.
Compare that to five years ago when Intel was leading the pack with $19.2 billion in third-quarter revenue, followed by Nvidia with $3 billion and AMD with $1.8 billion. By the end of their respective fiscal years (with Nvidia’s ending a month later in January), Intel finished with $72 billion, followed by Nvidia with $10.9 billion and AMD with $6.7 billion.
Based on recently released fourth-quarter revenue forecasts for each company, the picture is expected to look very different by the end of their current fiscal year: Nvidia is projected to end its 2025 fiscal year this January with $128.6 billion. While Intel and AMD are expected to end 2024 with $52.6 billion and $25.6 billion respectively. (CRN’s 2024 full-year estimate for Intel is based on the midpoint of its fourth-quarter guidance.)
This means that Nvidia could end its current fiscal year with revenue that is not only more than double that of last year, when the company managed to do the same. Overtook Intel in annual sales For the first time. That would be about 63 percent more than Intel’s record $79 billion revenue for 2021 and 64 percent more than the combined full-year revenue projected by Intel and AMD.
Nvidia’s revenue growing so rapidly over the past few years is nothing new. The company made an early bet on the promise of accelerated computing. investment And acquisition which allowed it to create a comprehensive and integrated stack of chips, systems, software and services in a timely manner Generative AI Revolution,
But continued high demand for Nvidia’s chips and systems — not to mention its software-as-a-service and support offerings, which now command an annual run rate of $1.5 billion, according to the company’s Wednesday earnings call — shows. That’s how huge the appetite is for its wares, indicating that Intel and AMD will need to overcome major hurdles. claim a fair share of the AI computing market.