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Aug 01, 2021
NVIDIA Q2 2022 Earnings Report
Reported record revenue driven by growth in Gaming and Data Center platforms.
Key Takeaways
NVIDIA reported record revenue of $6.51 billion for the second quarter, a 68% increase year-over-year, driven by record revenue from the Gaming, Data Center, and Professional Visualization platforms. GAAP earnings per diluted share were $0.94, up 276% year-over-year, and non-GAAP earnings per diluted share were $1.04, up 89% year-over-year.
Record revenue of $6.51 billion, up 68 percent from a year earlier.
Record Gaming revenue of $3.06 billion, up 85 percent from a year earlier.
Record Data Center revenue of $2.37 billion, up 35 percent from a year earlier.
GAAP earnings per diluted share of $0.94, up 276 percent from a year ago.
Revenue by Segment
Forward Guidance
NVIDIA’s outlook for the third quarter of fiscal 2022 is as follows: Revenue is expected to be $6.80 billion, plus or minus 2 percent. GAAP and non-GAAP gross margins are expected to be 65.2 percent and 67.0 percent, respectively, plus or minus 50 basis points.
Positive Outlook
- Revenue is expected to be $6.80 billion, plus or minus 2 percent.
- GAAP gross margins are expected to be 65.2 percent, plus or minus 50 basis points.
- Non-GAAP gross margins are expected to be 67.0 percent, plus or minus 50 basis points.
Challenges Ahead
- GAAP operating expenses are expected to be approximately $1.96 billion.
- Non-GAAP operating expenses are expected to be approximately $1.37 billion.
- GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $60 million, excluding gains and losses on equity securities.
- GAAP and non-GAAP tax rates are both expected to be 11 percent, plus or minus 1 percent, excluding any discrete items such as excess tax benefits or deficiencies related to stock-based compensation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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