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Jul 26, 2020

NVIDIA Q2 2021 Earnings Report

Reported record revenue, driven by data center and gaming growth, despite pandemic impacts on professional visualization and automotive platforms.

Key Takeaways

NVIDIA reported record revenue for the second quarter of fiscal year 2021, with significant growth in its Data Center and Gaming segments. The company's overall performance was driven by the increasing adoption of NVIDIA computing and the acquisition of Mellanox.

Record revenue of $3.87 billion, up 50 percent year-over-year.

Record Data Center revenue of $1.75 billion, up 167 percent year-over-year.

GAAP earnings per diluted share were $0.99, up 10 percent year-over-year.

Non-GAAP earnings per diluted share were $2.18, up 76 percent year-over-year.

Total Revenue
$3.87B
Previous year: $2.58B
+49.9%
EPS
$0.055
Previous year: $0.031
+77.4%
GAAP Gross Margin
58.8%
Non-GAAP Gross Margin
66%
Gross Profit
$2.28B
Previous year: $1.54B
+47.6%
Cash and Equivalents
$3.27B
Previous year: $7.11B
-53.9%
Free Cash Flow
$1.35B
Previous year: $823M
+64.0%
Total Assets
$25.2B
Previous year: $14.8B
+70.4%

NVIDIA

NVIDIA

Forward Guidance

NVIDIA's outlook for the third quarter of fiscal 2021 includes revenue of $4.40 billion, plus or minus 2 percent. GAAP and non-GAAP gross margins are expected to be 62.5 percent and 65.5 percent, respectively, plus or minus 50 basis points.