Nvidia reports record Q3 earnings on strong gaming and data center sales

silversurfer

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In brief: Nvidia reported record revenue of $7.10 billion for the third quarter ending October 31, 2021. The figure represents a 50 percent increase compared to the same period a year ago, a nine percent increase quarter over quarter, and well above Wall Street expectations of $6.81 billion.

Earnings per share were $1.17, compared to the $1.11 return that analysts were anticipating.

Nvidia said record revenue from its gaming, data center and professional visualization divisions was responsible for its impressive quarter. Gaming accounted for $3.22 billion of the record haul, an increase of 42 percent year over year. Nvidia’s data center business, meanwhile, generated a healthy $2.94 billion in revenue, up 55 percent from the same period last year.

Shares in Nvidia are up more than nine percent on the news as of writing, and the company’s market cap has crossed the $800 billion mark for the first time.
Looking ahead to the holiday quarter, Nvidia said it expects revenue to be around $7.4 billion, plus or minus two percent.
 

The_King

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Another article I read said Intels earnings were down 1%

AMD Expected to See 65 Percent Growth Rate in Sales for 2021, Intel Down One Percent

According to an industry report by IC Insights, AMD will see a yearly growth rate of no less than 65 percent this year, compared to 2020, whereas Intel is expected to have a slightly negative growth rate of one percent. The report includes the top 25 semiconductor sales leaders, ranked by growth rate, although it should be pointed out that some of them are foundries and not just semiconductor companies.

AMD is closely followed by MediaTek, which is expected to reach a 60 percent growth rate this year, followed by Nvidia at 54 percent and Qualcomm and 51 percent growth. The only surprise in the top five is PRC based SMIC, which saw a 39 percent growth this year, despite, or maybe because of the US sanctions against various Chinese IC makers.
 

cruelsister

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With earnings this week Nvidia released an Omniverse AI Avatar version of the CEO answering cold questions on various topics. Kinda let's one know the direction that the company is heading (Project Tokkio).



More here:

 
L

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Another article I read said Intels earnings were down 1%

AMD Expected to See 65 Percent Growth Rate in Sales for 2021, Intel Down One Percent


That is to be expected, same way it's expected Intel will easily recover now that they have a proper CEO.
 

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