NVIDIA Q2 2022 Earnings – Data Center Segment Shines Brighter than the Gaming Business

NVIDIA Q2 2021 Earnings – Information Eye Segment Shines Brighter than the Gaming Business organization

NVIDIA (NASDAQ:NVDA) has get one of the all-time stock plays in contempo times, generating a yr-to-date return of 104 percentage. Today, the company has come under a fresh spotlight every bit information technology gears upwardly to announce earnings for the second quarter of the FY 2021.

NVIDIA (NASDAQ: NVDA) Q2 2021 Earnings Scorecard

For the three months that concluded on the 30th of June 2020, NVIDIA earned $3.866 billion in acquirement, respective to an increase of 49.84 per centum on an annual footing.

(All figures are in billions of dollars)

Every bit far every bit NVIDIA's business organisation units are concerned, Data Center led the pack with $1,752 million in revenue.

(All figures are in millions of dollars)

NVIDIA also reported $ii.18 in non-GAAP EPS, beating consensus expectations by $0.21.

(All figures are in dollars)

For Q3 2021, NVIDIA has provided the following guidance:

• Revenue is expected to be $4.forty billion, plus or minus two percent.
• GAAP and not-GAAP gross margins are expected to be 62.5 pct and 65.5 percent, respectively, plus or minus 50 ground points.
• GAAP and not-GAAP operating expenses are expected to be approximately $one.54 billion and $1.09 billion, respectively.
• GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $55 million.

NVIDIA also provided the following business highlights in its earnings printing release:

Gaming:

• Ramped 100+ new GeForce laptops to deliver outstanding functioning to students, creators and gamers across a range of price points.
• Appear a range of games at present supporting NVIDIA RTX ray tracing and DLSS AI super resolution, including, Justice, Cyberpunk 2077 and Death Stranding. Introduced new worlds for Minecraft with RTX.

Information Center:

• Fabricated the NVIDIA A100 Tensor Core GPU available on Google Cloud but over a month after its introduction
• Provided CUDA GPU-acceleration for Apache Spark, the globe's most popular data analytics awarding, through the full general availability release of Spark iii.0
• Unveiled the NVIDIA Mellanox® UFM Cyber-AI Platform, which minimizes downtime in supercomputing information centers past detecting security threats and operational issues and predicting network failures

Professional Visualization:

• Launched with Acer, Dell, Lenovo and Microsoft new mobile workstations for professional person creators, based on NVIDIA Quadro® graphics. Powered new AI features in the latest releases of Substance Alchemist and Blender, improving textile creation and incorporating AI denoising.
• Announced that NVIDIA RTX™ has been implemented in the latest awarding releases from Foundry, Chaos Group and Redshift by Maxon, giving creators access to faster ray tracing and accelerated functioning.
• Released NVIDIA Quadro View™, the latest application in the NVIDIA Quadro Experience platform, which aids in streamlining workflows with a suite of desktop management tools.

Automotive:

• Announced with Mercedes-Benz that the carmaker is integrating into every vehicle in its lineup, beginning in 2024, a new software-defined vehicle compages that is perpetually upgradeable and built on the NVIDIA DRIVE AV democratic driving software and NVIDIA AGX Orin™ AV computer.

Investors have reacted negatively to NVIDIA's Q2 2021 earnings due to the visitor missing GAAP EPS expectations by $0.02. On a non-GAAP ground, NVIDIA did manage to vanquish consensus expectations past a solid $0.21. The stock is down 0.33 percent in after-hours trading:

Source

Analysts were expecting NVIDIA's information centre revenue to outpace its gaming haul for the first fourth dimension e'er in Q2 2021. That prediction has certainly panned out today. This momentous evolution has placed data center every bit the primary driver of revenue growth for the visitor.

The upcoming launch of the next-generation Ampere-based GPUs on the 1st of September is the next seminal upshot on the radar of investors. Of grade, the rumored RTX 3090 graphic card, featuring the brand-new GDDR6X memory for the first time, will likely be the star attraction of the launch result.

Additionally, analysts – including Banking concern of America's Vivek Arya – expect the launch of the next iteration of gaming consoles from Sony and Microsoft to unleash a GPU upgrade supercycle. Arya scrutinized Steam's GPU survey back in July and pointed out that just 9 percent of the PC gamers possessed a GPU that could match the performance of the upcoming consoles. The analyst, therefore, ended that a mass upgrade to newer NVIDIA GPUs conveying higher ASPs may allow the company to alienation the relatively "bourgeois" consensus expectation of "+sixteen% H/H Nvidia gaming sales growth estimate for H2".

Arya went on to note that the new consoles could "catalyze a major upgrade cycle for NVDA" equally users adopt NVIDIA's Turing or 7nm Ampere GPUs in droves.

Nosotros quoted an exlusive report by UK'due south Evening Standard on the 15th of August. As per the details, NVIDIA is purportedly inbound final talks for acquiring ARM, with a potential deal emerging before the end of the current summer season. According to the report, SoftBank's CEO Masayoshi Son is demanding a price equally loftier as £40 billion ($52 billion) for ARM. This translates to a premium of around $20 billion relative to the $32 billion that SoftBank paid in 2016 to acquire ARM.

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Source: https://wccftech.com/nvidia-q2-2021-earnings-data-center-segment-shines-brighter-than-the-gaming-business/

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