“NVIDIA is firing on all cylinders, achieving record revenues in Gaming, Data Center and overall,” mentioned Jensen Huang, founder and CEO of NVIDIA. “The new NVIDIA GeForce RTX GPU provides our largest-ever generational leap and demand is overwhelming. NVIDIA RTX has made raytracing the new standard in gaming. “We are persevering with to lift the bar with NVIDIA AI. Our A100 compute platform is ramping quick, with the highest cloud firms deploying it globally. We swept the business AI inference benchmark, and our clients are transferring among the world’s hottest AI companies into manufacturing, powered by NVIDIA know-how.
“We announced the NVIDIA DPU programmable data center processor, and the planned acquisition of Arm, creator of the world’s most popular CPU. We are positioning NVIDIA for the age of AI, when computing will extend from the cloud to trillions of devices.”
NVIDIA paid $99 million in quarterly money dividends within the third quarter. It can pay its subsequent quarterly money dividend of $0.16 per share on December 29, 2020, to all shareholders of report on December 4, 2020.
NVIDIA’s outlook for the fourth quarter of fiscal 2021 is as follows:
- Revenue is anticipated to be $4.80 billion, plus or minus 2 p.c.
- GAAP and non-GAAP gross margins are anticipated to be 62.eight p.c and 65.5 p.c, respectively, plus or minus 50 foundation factors.
- GAAP and non-GAAP working bills are anticipated to be roughly $1.64 billion and $1.18 billion, respectively.
- GAAP and non-GAAP different revenue and expense are each anticipated to be an expense of roughly $55 million.
- GAAP and non-GAAP tax charges are each anticipated to be eight p.c, plus or minus 1 p.c, excluding any discrete objects. GAAP discrete objects embrace extra tax advantages or deficiencies associated to stock-based compensation, that are anticipated to generate variability on a quarter-by-quarter foundation.
Highlights
During the third quarter, NVIDIA introduced a definitive settlement to accumulate Arm Limited from SoftBank Capital Limited and SVF Holdco (UK) Limited in a transaction valued at $40 billion. The transaction will mix NVIDIA’s main AI computing platform with Arm’s huge ecosystem to create the premier computing firm for the age of AI. The transaction – which is anticipated to be instantly accretive to NVIDIA’s non-GAAP gross margin and non-GAAP earnings per share – is anticipated to shut within the first quarter of calendar 2022.
NVIDIA additionally introduced plans to construct a world-class AI lab in Cambridge, England – together with a robust AI supercomputer based mostly on NVIDIA and Arm know-how – and supply analysis fellowships and partnerships with native establishments and AI coaching programs. Separately, it plans to construct Cambridge-1, the U.Ok.’s strongest AI supercomputer, based mostly on an NVIDIA DGX SuperPOD system and designed for AI analysis in healthcare and drug discovery.
NVIDIA additionally achieved progress since its earlier earnings announcement in these areas:
Data Center
- Third-quarter income was a report $1.90 billion, up eight p.c from the earlier quarter and up 162 p.c from a yr earlier.
- Shared information that Amazon Web Services and Oracle Cloud Infrastructure introduced basic availability of cloud computing cases based mostly on the NVIDIA A100 GPU, following Google Cloud Platform and Microsoft Azure.
- Announced the NVIDIA DGX SuperPOD Solution for Enterprise – the world’s first turnkey AI infrastructure – which is anticipated to be put in by yearend in Korea, the U.Ok., India and…
