NVIDIA's FY2019/20 net income declines 14% y/y to USD3.6 billion on lower sales

Financial results

Automotive sales up 9% y/y to USD700 million

NVIDIA’s net income declined 14% year-over-year (y/y) to USD3.6 billion in the financial year ended 26 January 2020, the company said in a press release on 13 February. The company also recorded 15% y/y drop in operating income to USD3.7 billion. NVIDIA reported lower earnings as revenue fell by 7% y/y to USD10.9 billion.

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