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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.
NVIDIA
NVIDIA
NVIDIA Revenue by Segment
Revenue by Segment
Data Center Revenue
CapyFin.comGaming Revenue
CapyFin.comPro Visualization Revenue
CapyFin.comAutomotive Revenue
CapyFin.com 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