NVIDIA sales jump 68% to $6.5 bn in second quarter

NVIDIA reported revenue of $6.51 billion in the second quarter ended August 1, 2021, up 68 percent from a year earlier and up 15 percent from the previous quarter, with record revenue from Gaming, Data Center and Professional Visualization platforms.
NVIDIA data center CPU GraceJensen Huang, founder and CEO of NVIDIA, said: “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.”

Gaming revenue was up 85 percent from a year ago and up 11 percent sequentially, reflecting higher sales in GeForce GPUs and game-console SOCs.

Data Center revenue was up 35 percent from a year ago and up 16 percent sequentially. The year-on-year growth was led by the ramp of NVIDIA Ampere architecture products into vertical industries and hyperscale customers, including strong growth in inference. Sequentially, growth stemmed from both compute and networking products, led by hyperscale customers.

Professional Visualization revenue was up 156 percent from a year earlier and up 40 percent sequentially, driven by the ramp of NVIDIA Ampere architecture GPUs, with growth led by desktop workstation GPUs.

Automotive revenue was up 37 percent from a year earlier and down 1 percent sequentially. The year-onyear increase was due to the recovery in automotive demand which was impacted by the pandemic in the prior year.

OEM and Other revenue was up 180 percent from a year ago and up 25 percent sequentially, primarily reflecting growth in CMP, which generated revenue of $266 million.

NVIDIA said talks with regulators to clear its $40 billion proposed acquisition of British semiconductor technology firm Arm are taking longer than expected.

The disclosure came as Nvidia, the world’s biggest maker of graphics chips for gamers and artificial intelligence chips for data centers, forecast third-quarter revenue above Wall Street expectations on Wednesday as it benefits from a boom in demand.

In a statement, Nvidia Chief Financial Officer Colette Kress said the company is still confident the deal will close.

“Although some Arm licensees have expressed concerns or objected to the transaction, and discussions with regulators are taking longer than initially thought, we are confident in the deal and that regulators should recognize the benefits of the acquisition to Arm, its licensees, and the industry,” she said.