Nvidia’s quarterly revenue rose 84% to 6 .6.66 billion

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Nvidia Reported revenue of 6 .6.66 billion for the first fiscal quarter ended May 2, up 84% year-on-year. Game revenue grew 106% to $ 2.76 billion. The numbers were higher than Wall Street expectations.

A year ago, Nvidia reported non-GAAP earnings per share of $ 1.1 billion in revenue of $ 3.1 billion. The company, based in Santa Clara, California, builds graphics processing units (GPUs) that can be used for games, AI, and dataset computers. While the epidemic has hit many businesses hard, Nvidia has seen an increase in those areas. The company saw record revenue on its gaming, datacenter, and commercial visual platforms.

GAAP earnings per share for the quarter was a record ० .0, १० 106% higher than a year earlier and 1% higher than the previous quarter. Non-GAAP earnings per share were $ 66.66, down 103% from a year earlier and up 18% from the previous quarter. In trading hours later, Nvidia’s stock is down one share at $ 626.10.

Analysts share .4. 1.1 billion in revenue share. Of1 is expected to report earnings per share, while the company is expected to report .3 .3. Directed for revenue of Rs. 2.69 in the gaming quarter. Billion revenue was expected, while data center revenue was expected to be अर्ब 2 billion. As mentioned, the game came in at .7 2.6767 billion and the datacenter revenue was 5 2.05 billion, up 79%.

Nvidia CEO Jensen Huang said in a statement that it was a fantastic quarter with strong demand for the products.

“As our datacenter business expands, industries around the world have taken on Nvidia AI to process computer vision, communication AI, natural language comprehension and referral systems,” Hoang said. “The Nvida RTX has re-enacted computer graphics and is driving upgrades in the gaming and design market. Our partners are launching the biggest wave of Nvidia-powered laptops. In industries, the pace of adoption of Nvidia computer plat platforms is accelerating.”

Above: The new Predator Triton 300 uses Nvidia GeForce RTX 3050 family GPUs.

Image credit: Nvidia

Nvidia has seen a surge in both game dat and datacenter revenue as users go online during the epidemic. Gamers are pulling graphics cards to play PC games, but the lack of semiconductors has hurt companies like Nvidia, and cryptocurrency miners are also buying graphics cards to compete with gamers.

Nvidia’s revenue for the first quarter, predicted in February, will be अर्ब 1 billion, but it is expected to surpass that figure on April 12. It is said that its cryptocurrency division will file $ 1 million in the quarter, which is estimated to be more than $ 10 million.

Nvidia had said that the GAAP gross margin for the first financial quarter would be 63 63..8% and the non-GAAP gross margin 66 66%. GAAP margins came in at 64.61%, and non-GAAP 66 at 66.2%.

Last year, Nvidia completed its Acquisition of La Billion Billion Mellanox, Which performs key techniques for connecting chips to datasets. Melanox revenue is included in the CPU and network se segment. But Nvidia is still awaiting regulatory approval Arm’s billion 40 billion acquisitions.

“Melanox, in one year, exceeded our expectations and transformed Nvidia into a data-center-scale computer company,” Hoang said. “We will move forward with the planned acquisition of Arm, which will accelerate innovation and development for the Arm ecosystem. From gaming, cloud computing, AI, robotics, self-driving cars to genomics and computational biology, Nvidia continues to work effectively to invent a better future. “

Datacenter

Nvidia USPS

Above: The AI ​​algorithm was developed on the NVIDIA DGX server at the U.S. Postal Service Engineering Facility.

Image credit: Nvidia

Datacenter revenue was 5 0.05 billion, up%% from a year earlier and %% in the previous quarter. During the quarter, Nvidia hosted its GPU Technology Conference with more than 200,000 registrations from 195 countries and 1 opening million views for its inaugural keynote address. It introduced the Nvidia Grace, Arm-based datacenter central processing unit (CPU).

Nvidia says its development comes from producing Melanox network products and there is a demand for ampere-based GPUs for databases. Chief Financial Officer Colette Cress said Nvidia was extremely pleased with Mellanox’s performance in the first year after acquiring NVidia. “We’re seeing strength across the board in the dataset,” Hoa said in a call with analysts.

Game.

Nvidia has RTX GPUs for newer laptops.

Above: Nvidia has new RTX GPUs for newer laptops.

Image credit: Nvidia

The first quarter of fiscal year saw a record revenue of .7 2.7676 billion, up 10 percent from a year earlier, and 11 percent in the previous quarter. Nvidia launched the second generation RTX graphics in the quarter with its 6006060 and 606060 TI graphics cards. Those chips went to laptops, and 50050 GPUs also debuted for low-cost laptops. Nvidia’s RTX platform is now supported by more than 600 games.

To prevent the cards from being scooped only by crypto enthusiasts, Nvidia reduced the Ethereum hash rate to the newly built RTX 30080, 700 300 and 606060 Ti graphics cards – which include the “light hash rate,” or “LHR,” identifier – as well as the RTX 3060 in previous steps. To reduce the hash rate. And GeForce now has 100 million members in F0 countries with 1,000 games in the cloud gaming services library. In a statement, Nvidia said, “We believe that the game has also benefited from the demand for cryptocurrency mining, although it is difficult to determine to what extent.”

In terms of core device maker (OM) and other revenue, Nvidia said revenue grew 117 percent year-on-year to 114 percent, reflecting an additional volume of cryptocurrency mining processors (CMPs), which generated डलर 1 million in revenue. Earned.

For the game, Hoa said that game aming is now game. Not only that. He said it is steeped in art, culture, and social issues and so it has been here for a long time.

Business view

Nvidia has eight new RTX GPU cards.

Above: Nvidia has eight new RTX GPU cards.

Image credit: Nvidia

Professional Visualization saw a record revenue of $ 2 million, up 21% from a year earlier and the previous quarter. During the quarter, Nvidia launched a meta-server for engineers in collaboration with companies such as Omniverse Enterprise, BMW Group, Foster + Partners, and WP.

Motor vehicle

Automotive revenue in the first quarter was $ 1.4 million, down 1% from a year earlier and up 1% from the previous quarter. During the quarter, Nvidia unveiled the Nvidia Drive Atlan, an AI processor for an autonomous vehicle.

On May 21, 2021, the Company’s Board of Directors announced a four-to-one split stock dividend of Nvidia’s common stock as a dividend with additional shares to be distributed on July 1, 2021. Conditions for obtaining shareholder approval.

Outlook

Revenue is expected to reach 30.0 billion in the second fiscal quarter, which closes at the end of July. GAAP and non-GAAP gross margins were .6 64..6 percent and .566. Percentage, plus or minus basis will be 0 basis points.

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