Nvidia's latest earnings report contains some good news for gamers
pcgamer.comEarlier today, Nvidia held its latest earning call. For its fiscal fourth quarter, Nvidia reported $7.64 billion in revenue, up 53% from the same quarter a year ago. Despite the huge increase in revenue and the beating of expectations, Nvidia shares have been trading flat. Those Wall Street guys are hard to please!
Nvidia said gaming revenue in the January quarter was $3.42 billion, up 37% from a year ago. All of the money from those inflated GPU prices has to go somewhere, and clearly much of it is ending up in the pockets of Nvidia and its shareholders.
When looking at the full fiscal year results, the company posted revenue of $26.9 billion, up 61%, with adjusted profits of $4.44 a share, up 78%. These numbers show Nvidia is sailing through the pandemic and the semiconductor crisis with ease.
During the call, CEO Jensen Huang discussed the canceled ARM acquisition. «Our proposed acquisition spurred questions,» Huang said. «We worked hard for over a year.» In the end the company just couldn't overcome industry and regulatory opposition to the deal.
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Looking forward to its April quarter, Nvidia expects its future growth to largely come from its data center business, with additional growth to come from internet services, AI and cloud providers.
Huang also announced a new partnership between Nvidia and Jaguar Land Rover. The deal will see the two companies developing cars that are built on Nvidia's Drive chip platform. JLR cars from 2025 will feature Nvidia-designed automated driving systems, safety features, services, and experiences featuring AI technology.
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