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Nvidia’s Q1 Report: Record Data Center Revenue and Beat Expectations

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In April 2021, Nvidia, a well-known maker of AI and graphics chips, reported its Q1 fiscal report. Despite a 13% year-over-year decrease in revenue, Nvidia beat Wall Street expectations. The company reported $1.09 adjusted earnings per share, or $2.7 billion in adjusted net income. Nvidia’s stock price rose 23% to $375.26 per share in after-hours trading, exceeding Wall Street’s predicted $6.53 in Q1 revenue. The growth in Nvidia’s data center revenue indicates that data center customers are gradually recovering from the recent pandemic’s economic impact.

Gaming

Nvidia’s Q1 revenues in the gaming sector were $2.24 billion, down 38% from a year ago but up 22% from the previous quarter. During this quarter, Nvidia unveiled the GeForce RTX 4060 family of GPUs that leverages the Ada Lovelace architecture and DLSS technology, with prices starting at $299. In the gaming category, Nvidia expanded its titles to over 300 DLSS gaming titles, enabling users to experience most modern games at over 100 frames per second at 1440p resolution. The company also extended its GeForce Now’s game titles to over 1,600.

Data Center

In Q1, data center revenues were a record $4.28 billion, up 14% from a year ago and 18% from the previous quarter. The company launched new inference platforms that combine its full-stack inference software with recent processors such as Ada, Hopper, and Grace Hopper.

Professional Visualization

Nvidia’s revenue in professional visualization was $295 million, down 53% from a year ago, but up 31% from the previous quarter.

Automotive

Nvidia’s Q1 revenue in the automotive market was $296 million, up 114% from a year ago and 1% from the previous quarter. The company also revealed that its automotive design pipeline has grown from $11 billion a year ago to $14 billion over the next six years.

Conclusion

Nvidia’s Q1 FY2022 report provided several highlights, including a record revenue of $4.28 billion in the data center sector, despite a year-on-year decline in total revenue. Nvidia’s gaming and automotive sectors improved from the previous year, as did professional visualization. Nvidia’s rising supply of data center products, such as the H100, Grace CPU, and BlueField-3 DPU, indicates the company is increasing its supply to meet the growing demand for computer infrastructure.

FAQ

What is Nvidia’s Q1 fiscal report?

Nvidia’s Q1 fiscal report is a detailed report of the company’s financial performance during the first quarter of its fiscal year. It usually reflects the company’s revenue, net income, and earnings per share compared to the previous quarter and the previous year’s same quarter.

What does Nvidia do?

Nvidia is a technology company that specializes in designing and manufacturing graphics processing units (GPUs), system-on-a-chip units (SoCs), and software for the gaming, automotive, data center, and professional visualization industries.

In which markets did Nvidia perform well in Q1 2022?

In Q1 2022, Nvidia achieved considerable growth in the data center and automotive sectors. The company’s data center revenue hit a record $4.28 billion and automotive revenue surged by 114%.

What are the challenges Nvidia is facing?

Nvidia is facing several challenges such as global semiconductor shortages impacting the supply of its hardware products, increased competition from existing players, and rising costs due to supply chain challenges and more foundry capacity shortages.

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