NVIDIA Expects To Earn $5 Billion Revenue This Quarter Following Record Revenue In Q4 & FY 2021 Graphics processing unit (GPU) designer NVIDIA Corporation expects to earn record revenue during the current quarter as it reports the first full quarterly sales of its GTX RTX 30 'Ampere' consumer and enterprise GPU lineup today. NVIDIA, which has been at the center of press attention due to its
$40 billion attempt at acquiring British design house Arm Ltd. was up by 3% in aftermarket trading at 16:43 EST today after the company reported a whopping 59% year-over-year revenue growth for its fiscal year 2021 at the close of trading today. Yet, an hour later the price dropped by 2.5%, reversing the gain.
NVIDIA Reports $16.6 Billion Revenue For Fiscal Year 2021 As Ampere Sales Drive Q4 Revenue To 6% Sequential Growth
The big story for NVIDIA's fourth-quarter earnings is its Gaming revenue. At the end of the
third quarter, the Santa Clara, California company reported $2.2 billion in revenue from the segment, as it settled in after launching the highly anticipated Ampere graphics cards.
The second big highlight of the quarter was static datacenter sales, which managed to maintain third-quarter levels despite a drop contribution from Mellanox. NVIDIA has reported "double-digit" data center compute product growth during the fourth quarter, which according to the company has let it offset the declining Mellanox contribution. Mellanox had contributed 30% to NVIDIA's revenues in the prior quarter, and contribution for FY 2021 stood at 10%.
Finally, during its current quarter, NVIDIA expects to earn $5.3 billion in revenue, to mark for 71% year-over-year growth. It also expects to maintain operating expenditures at levels of the previous quarter. NVIDIA also prepaid $427 million to Arm Ltd. in royalties during the third quarter, and the company uses Arm's designs for its Bloomfield DPU lineup.
Wall Street analysts were full of optimism heading into today's earnings, as reflected by price target increases all around. NVIDIA earned $4.3 billion GAAP Net Income during the fiscal year 2021 for a 75% year-over-year growth and $1.4 billion GAAP Net Income during the fourth quarter for a 53% year-over-year growth. Revenue for the quarter stood at $5 billion, which is roughly in line with what the company expects to bring in during the current quarter.
https://wccftech.com/nvid...revenue-in-q4-fy-2021/