Nvidia: Fiscal 1Q Earnings Snapshot

Joanna Estrada
May 23, 2020

The Santa Clara, Calif. -based company said its data center revenue for the first quarter of its 2021 fiscal year topped US$1 billion for the first time, reaching US$1.1 billion, an 18 percent increase from the previous quarter, driven by "broad-based demand across hyperscale and vertical industries". Analysts had expected sales of $2.98 billion and earnings per share of $1.39. The company's prediction includes a "low-teens percentage" contribution to revenue from its acquisition of Mellanox Technologies, which some analysts hadn't included in their forecasts.

Nvidia is the biggest maker of semiconductors that improve video-game play on computers.

Nvidia's data center chips power functions such as search suggestions, product recommendations and artificial intelligence work such as speech and image recognition.

Nvidia's shares traded mixed in after-hours trading.

Nvidia Corp on Thursday forecast second-quarter revenue above analysts' estimates, as demand surges for its chips used in the data centers that power the shift to working remotely because of the new coronavirus outbreak.

While the idea of Intel making a consumer graphics card to take on Nvidia and AMD has got a lot of people excited, new benchmarks apparently leaked online suggest we should seriously temper our expectations for the Intel Xe.

Beyond gaming and AI, Huang is targeting the market for self-driving vehicles, which require similar chip capabilities.

The benchmark scores apparently show an OpenCL score of 55,373, which isn't much better than Nvidia's low-end MX250, as PC Gamer points out, with a score of around 48,000.

TheStreet's Eric Jhonsa spoke with CFO Colette Kress following the call, and she told him the company's notebook business has seen nine straight quarters of year-over-year growth, and now represents almost 30% of Nvidia's gaming business. The net profit soared 133 percent to USD 917 while earnings per diluted share advanced 130 percent to USD 1.47 million, and adjusted diluted EPS went up 105 percent to USD 1.80.

Other reports by Click Lancashire

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