Record Q3 sales at Nvidia

Author: EIS Release Date: Dec 15, 2020


Nvidia had record fiscal Q3 2021  (3 months to end of October) revenues of  $4.73 billion, up 57% from $3.01 billion a year earlier, and up 22% from $3.87 billion in the previous quarter.
Net profit was $1.3 billion up from $622 million in Q2 and up from $899 million in the year-ago quarter.
For Q4 of fiscal 2021, Nvidia expects revenues to be $4.80 billion, plus or minus 2%; GAAP and non-GAAP gross margins are expected to be 62.8% and 65.5%, respectively, plus or minus 50 basis points.

Nvidia’s Q3 datacentre revenues were $1.90 billion, up 8% from the previous quarter and up 162% from a year earlier, while those from the gaming business were $2.27 billion, up 37% from the previous quarter and up 37% from a year earlier.
Nvidia generated revenues of $236 million from the professional visualization business in the third quarter, up 16% on quarter and 27% on year; and $125 million from the automotive business, up 13% sequentially, but down 23% on year.