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Nvidia Q2 results top estimates with big gains in visualization revenue - Hi2Day!

Nvidia Q2 results top estimates with big gains in visualization revenue

Revenue from Nvidia’s professional visualization segment reached $519 million, up 156% from a year ago,

Nvidia delivered strong second quarter financial results on Wednesday driven by gains in its gaming, datacenter and professional visualization units.

The Santa Clara, Calif.-based company reported Q2 net income of $2.3 billion, or 94 cents per share. Non-GAAP earnings were $1.04 per share on revenue of $6.51 billion, up 68% from a year earlier. Wall Street was expecting to see earnings of $1.02 per share with $6.33 billion in revenue.

Nvidia said GPU business revenue was $3.9 billion, up 87% from the year ago period. Its compute and networking revenue increased 46% to $2.6 billion.

Breaking down business segments, Nvidia said gaming revenue increased 85% from a year ago to 3.06 billion. The company said the increase reflects strong demand for gaming GPUs and game-console SOCs.

Meanwhile, Nvidia’s data center revenue increased 35% year over year $2.37 billion. Nvidia said the year-on-year revenue growth was driven primarily by its ramp up of Nvidia Ampere GPU architecture products.

Revenue from Nvidia’s professional visualization segment reached $519 million, up 156% from a year ago, with growth led by desktop workstation GPUs. The company’s automotive unit revenue came to $152 million.

In terms of guidance, Nvidia expects Q3 revenue of $6.8 billion, plus or minus 2%. Market estimates are for $6.53 billion in revenue.

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