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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.
Revenue by Segment
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.
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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