- 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
SANTA CLARA, Calif., Aug. 18, 2021 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ: NVDA) today reported record revenue for the second quarter ended August 1, 2021, of $6.51 billion, up 68 percent from a year earlier and up 15 percent from the previous quarter, with record revenue from the company’s Gaming, Data Center and Professional Visualization platforms.
GAAP earnings per diluted share for the quarter were $0.94, up 276 percent from a year ago and up 24 percent from the previous quarter. Non-GAAP earnings per diluted share were $1.04, up 89 percent from a year ago and up 14 percent from the previous quarter.
“NVIDIA’s pioneering work in accelerated computing continues to advance graphics, scientific computing and AI,” said Jensen Huang, founder and CEO of NVIDIA.
“Enabled by the NVIDIA platform, developers are creating the most impactful technologies of our time – from natural language understanding and recommender systems, to autonomous vehicles and logistic centers, to digital biology and climate science, to metaverse worlds that obey the laws of physics.
“This quarter, we launched NVIDIA Base Command and Fleet Command to develop, deploy, scale and orchestrate the AI workloads that run on the NVIDIA AI Enterprise software suite. With our new enterprise software, wide range of NVIDIA-powered systems and global network of system and integration partners, we can accelerate the world’s largest industries racing to benefit from the transformative power of AI.
“We are thrilled to have launched NVIDIA Omniverse, a simulation platform nearly five years in the making that runs physically realistic virtual worlds and connects to other digital platforms. We imagine engineers, designers and even autonomous machines connecting to Omniverse to create digital twins and industrial metaverses,” he said.
NVIDIA paid quarterly cash dividends of $100 million in the second quarter. It will pay its next quarterly cash dividend of $0.04 per share on September 23, 2021, to all shareholders of record on September 1, 2021.
On July 19, 2021, the company completed a four-for-one split of its common stock in the form of a stock dividend to shareholders of record as of June 21, 2021. All share and per share amounts presented have been retroactively adjusted to reflect the stock split.
Q2 Fiscal 2022 Summary
|($ in millions, except earnings per share)||Q2 FY22||Q1 FY22||Q2 FY21||Q/Q||Y/Y|
|Revenue||$||6,507||$||5,661||$||3,866||Up 15%||Up 68%|
|Gross margin||64.8||%||64.1||%||58.8||%||Up 70 bps||Up 600 bps|
|Operating expenses||$||1,771||$||1,673||$||1,624||Up 6%||Up 9%|
|Operating income||$||2,444||$||1,956||$||651||Up 25%||Up 275%|
|Net income||$||2,374||$||1,912||$||622||Up 24%||Up 282%|
|Diluted earnings per share||$||0.94||$||0.76||$||0.25||Up 24%||Up 276%|