NVIDIA this afternoon closed the ebook on one other document fiscal yr, asserting their FY 2021 and This fall 2021 earnings outcomes for the corporate. For the final quarter of their fiscal yr, NVIDIA booked simply over $5B in income with a revenue of $1457M, marking NVIDIA’s first 5 billion greenback quarter, and setting incomes data throughout the board. Meanwhile for the total fiscal yr, NVIDIA has recorded slightly below $16.7B in income, with a internet earnings for the yr of $4.3B.
| NVIDIA This fall 2021 Financial Results (GAAP) | |||||
| This fall’2021 | Q3’2021 | This fall’2020 | Q/Q | Y/Y | |
| Revenue | $5003M | $4726M | $3105M | +6% | +61% |
| Gross Margin | 63.1% | 62.6% | 64.9% | +0.5% | -1.8% |
| Operating Income | $1507M | $1398M | $990M | +8% | +52% |
| Net Income | $1457M | $1336M | $950M | +9% | +53% |
| EPS | $2.31 | $2.12 | $1.53 | +9% | +51% |
Setting income and revenue data, NVIDIA as soon as extra closed their yr on a excessive word. The $5B in income they booked made for his or her finest quarter ever, and a 61% soar over the year-ago quarter. Meanwhile NVIDIA’s document $1457M in internet earnings is a equally vital soar, besting This fall’2020 by 53%.
NVIDIA’s gross margin for the quarter was equally sturdy. NVIDIA recorded a gross margin of 63.1%, a slight decline from NVIDIA’s record-setting margin in This fall’2020, however nonetheless extremely snug for a fabless semiconductor firm.
| NVIDIA Quarterly Revenue Comparison (GAAP) ($ in tens of millions) |
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| In tens of millions | This fall’2021 | Q3’2021 | This fall’2020 | Q/Q | Y/Y |
| Gaming | $2495 | $2271 | $1491 | +10% | +67% |
| Professional Visualization | $307 | $236 | $331 | +30% | -7% |
| Datacenter | $1903 | $1900 | $968 | Flat | +97% |
| Automotive | $145 | $125 | $163 | +16% | -11% |
| OEM & IP | $153 | $194 | $152 | -21% | +1% |
Breaking down their income by section, the massive winner, as you would possibly anticipate, was NVIDIA’s gaming section. Covering all issues GeForce – video playing cards and companies like GeForce Now – among the many many data NVIDIA set for This fall was in gaming income. For the quarter NVIDIA booked $2.495B in gaming income, simply inches wanting half of all income for the corporate.
Driving that gaming income has been a mixture of gaming and mining demand, a thorny challenge that NVIDIA is taking some slightly excessive steps to take care of. Although the corporate shouldn’t be outright hostile to industrial miners, the demand for {hardware} from Ethereum miners is screwing up NVIDIA’s gaming market, and the instability of that market makes it troublesome to arrange for the ensuing up and down-swings within the mining market. This has led to the corporate taking steps comparable to artificially limiting Ethereum efficiency on GeForce playing cards going ahead, beginning with the RTX 3060, and introducing a companion, mining-focused line of playing cards with the upcoming CMP components.
The huge, earnings-related query on everybody’s thoughts is how a lot Ethereum mining contributed to NVIDIA’s bottom-line for This fall; and the reply to that continues to be nebulous. NVIDIA believes {that a} vital variety of video playing cards have been bought by industrial miners, however as a result of the majority of their gross sales are to AIB companions, they’ll’t precisely observe or quantify what these playing cards are getting used for. To that finish, NVIDIA’s very unsure ballpark estimate is that mining drove $100mil to $300mil in income for the quarter, a surprisingly small a part of their general gaming income. But, even when that vary is true, it’s definitely been sufficient to tip the market scales in direction of empty cabinets and sad avid gamers.
Looking in direction of Q1, NVIDIA expects to start out CMP card shipments subsequent month. The first month’s gross sales can be fairly restricted, with the corporate projecting simply $15mil in income. But it’s a begin; and the corporate may also be breaking out…
