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Oct 25, 2020
NVIDIA Q3 2021 Earnings Report
Reported record revenue driven by strong growth in Gaming and Data Center segments.
Key Takeaways
NVIDIA reported record revenue of $4.73 billion for the third quarter of fiscal year 2021, a 57% increase year-over-year. The company's growth was driven by record revenues in both its Gaming and Data Center segments. GAAP earnings per diluted share were $2.12, up 46% from a year ago, and non-GAAP earnings per diluted share were $2.91, up 63% from a year earlier.
Record revenue of $4.73 billion, up 57% year-over-year.
Record Gaming revenue of $2.27 billion, up 37% year-over-year.
Record Data Center revenue of $1.90 billion, up 162% year-over-year.
GAAP earnings per diluted share of $2.12, up 46% year-over-year.
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 fourth quarter of fiscal 2021 is as follows: Revenue is expected to be $4.80 billion, plus or minus 2 percent. GAAP and non-GAAP gross margins are expected to be 62.8 percent and 65.5 percent, respectively, plus or minus 50 basis points.
Positive Outlook
- Revenue is expected to be $4.80 billion, plus or minus 2 percent.
- GAAP gross margins are expected to be 62.8 percent, plus or minus 50 basis points.
- Non-GAAP gross margins are expected to be 65.5 percent, plus or minus 50 basis points.
- GAAP operating expenses are expected to be approximately $1.64 billion.
- Non-GAAP operating expenses are expected to be approximately $1.18 billion.
Challenges Ahead
- GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $55 million.
- GAAP and non-GAAP tax rates are both expected to be 8 percent, plus or minus 1 percent, excluding any discrete items.
- GAAP discrete items include excess tax benefits or deficiencies related to stock-based compensation, which are expected to generate variability on a quarter-by-quarter basis.
- Global economic conditions could impact results.
- Reliance on third parties to manufacture, assemble, package and test products.
Revenue & Expenses
Visualization of income flow from segment revenue to net income