We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : NVIDIA Corporation (NVDA)
NVDA 471.87+1.3%9:36 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Frank Sully8/18/2021 4:54:52 PM
3 Recommendations

Recommended By
Glenn Petersen
Zen Dollar Round

   of 2605
Nvidia posts record revenues, boosts operating income 275%

Aug. 18, 2021 4:31 PM ET

NVIDIA Corporation (NVDA)

By: Jason Aycock, SA News Editor

Antonio Bordunovi/iStock Editorial via Getty Images
  • Nvidia (NASDAQ: NVDA) after an initial dip has turned fractionally positive postmarket, following another apparent sell-the-news off an otherwise strong second-quarter earnings report where the company logged record revenues ahead of Wall Street expectations.
  • Revenues jumped 68% to a record $6.51 billion, above some already strong growth expectations for 64%.
  • That was paced by record revenue among Gaming, Data Center and Professional Visualization platforms.
  • Meanwhile GAAP earnings per share jumped 276% from a year ago (and up 24% from last quarter), and non-GAAP earnings rose 89% Y/Y and 14% sequentially to $1.04.
  • Gross margin rose 600 basis points from last year, and 70 bps from last quarter, to 64.8%.
  • With operating expenses only up in single digits (GAAP basis), operating income jumped 275% to $2.44 billion. (It was up 25% from the first quarter.)
  • Revenue breakout: Gaming, $3.06 billion (up 85%); Data Center, $2.37 billion (up 35%); Professional Visualization, $519 million (up 156%); Automotive, $152 million (up 37%).
  • Liquidity as of Aug. 1 was $19.65 billion, vs. just $11.56 billion as of Jan. 31.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext