Nvidia earnings - 10 things to know with detail
- 1. Nvidia reported its earnings for the fourth quarter of fiscal year 2021 on February 24, 2021. 2. The company reported revenue of $5 billion for the quarter, which was a 61% increase compared to the same period last year. 3. Nvidia's net income for the quarter was $1.46 billion, up 53% year-over-year. 4. The company's gaming segment, which includes sales of graphics cards for gaming PCs and consoles, posted revenue of $2.5 billion, up 67% year-over-year. 5. Nvidia's data center segment, which includes sales of GPUs for use in data centers and cloud computing, saw revenue of $1.9 billion, up 97% year-over-year. 6. The company's automotive segment, which includes sales of chips for autonomous vehicles and infotainment systems, posted revenue of $145 million, down 10% year-over-year. 7. Nvidia's professional visualization segment, which includes sales of GPUs for use in industries like design and engineering, saw revenue of $307 million, up 15% year-over-year. 8. The company's gross margin for the quarter was 64.7%, up from 64.1% in the same period last year. 9. Nvidia's CEO, Jensen Huang, noted that the company's strong performance was driven by continued demand for its products in gaming, data center, and professional visualization markets. 10. Looking ahead, Nvidia provided guidance for the first quarter of fiscal year 2022, expecting revenue of $5.3 billion, give or take 2%. The company also announced a 4-for-1 stock split, which will be effective on July 20, 2021.