Nvidia reported its latest quarterly earnings today; its first since the company abandoned its planned takeover of Arm Holdings. Here’s the tl;dr:
Revenue: $7.64 billion, +53% YoY (vs. $7.42 billion estimated)
Adj. earnings per share: $1.18 (vs. $1.23/share estimated.)
Forward Quarter outlook: Estimating $8.10 billion +/-2%
The chipmaker’s net income topped $3 billion, which is more than double where it was in Q4 2020. Revenue also notched a new record, coming in at $7.64 billion. Cumulatively, that represents a 65.4% margin in the quarter, up 20bps QoQ.
Analysts had been looking for $7.42 billion and $1.23/share. However, they were willing to settle with a slightly lower EPS in exchange for a powerful revenue figure. These figures also make last quarter’s look paltry too. Nvidia posted $7.1 billion in sales in Q3 2021.
The company categorizes its revenue into four silos — gaming, data center, and professional visualization, and automotive & robotics.
Gaming, Nvidia’s biggest silo, represented $3.42 billion, +37% YoY. However, the company’s fast-growing data center business came in just a touch below that — at $3.26 billion, +71% YoY.
The company’s professional visualization biz pulled in $643 million, +109% YoY, to be the company’s fastest and most enterprising sector. Surprisingly, Nvidia‘s automotive & robotics business contracted — down 14% YoY to $125 million. That’s a surprise because more semi companies have been posting record demand from automotive companies, which would have been expected to otherwise bolster this business.
On the whole, things are still looking up for the semi giant. You can read the full report here.
$NVDA lost 1.8% in after hours.