NVIDIA managed to earn record revenue in the previous quarter despite challenges such as GPU and component shortages. Green team shared the achievement today as part of a press release confirming its financial results for fourth quarter and fiscal 2021, which revealed that the company made $5 billion for the fourth quarter ended January 31, 2021. NVIDIA’s gaming segment was responsible for a large chunk of that, having earned $2.5 billion (up 10 percent from the previous quarter and 67 percent from a year earlier) thanks to new GeForce RTX 30 Series graphics cards, GeForce RTX 30 Series laptop GPUs, and increasing adoption of exclusive technologies such as DLSS.
“Q4 was another record quarter, capping a breakout year for NVIDIA’s computing platforms,” said Jensen Huang, founder and CEO of NVIDIA. “Our pioneering work in accelerated computing has led to gaming becoming the world’s most popular entertainment, to supercomputing being democratized for all researchers, and to AI emerging as the most important force in technology.”
“Demand for GeForce RTX 30 Series GPUs is incredible. NVIDIA RTX has started a major upgrade cycle as gamers jump to ray tracing, DLSS and AI.”
“Our A100 universal AI data center GPUs are ramping strongly across cloud-service providers and vertical industries. Thousands of companies across the world are applying NVIDIA AI to create cloud-connected products with AI services that will transform the world’s largest industries. We are seeing the smartphone moment for every industry.”
“Mellanox has expanded our footprint across the data center. And we are making good progress toward acquiring Arm, which will create enormous new opportunities for the entire ecosystem.”
Q4 Fiscal 2021/Fiscal 2021 Summary
NVIDIA expects to beat its Q4 2021 earnings with a revenue target of $5.3 billion for the first quarter of fiscal 2022. The company will presumably have little trouble achieving that based on the current state of the graphics card market, which remains thirsty for GeForce RTX 30 Series GPUs and other modern, high-performance products. Recent announcements such as the CMP (Cryptocurrency Mining Processor) should also bolster green team’s earnings potential.