NVIDIA Corporation Q1 FY2022 Earnings Call
· Earnings call transcript and AI-powered summary
Quarter Overview
- Q1 FY2022 revenue reached 5.66 billion, an 84 percent increase compared to Q1 FY2021. This represents record revenue in gaming, data center, and professional visualization.
- Non-GAAP EPS was 3.66, up 103 percent year‑on‑year. GAAP EPS was 3.03, up 106 percent from last year.
- Cash flow from operations totaled 1.9 billion.
Gaming Segment
- Gaming revenue was 2.8 billion, up 11 percent quarter‑over‑quarter and up 106 percent year‑on‑year. This was the third consecutive quarter of accelerating year‑on‑year growth.
- Demand driven by GeForce RTX 30 Series GPUs based on Ampere architecture, which NVIDIA describes as its most successful GPU launch ever.
- GPU channel inventories remain lean; NVIDIA expects to remain supply constrained into the second half of the year.
- RTX laptop lineup expanded with 140+ laptop models, with mainstream models launching in summer starting at 799 dollars.
- Crypto‑related demand contributed to gaming; NVIDIA introduced CMP (Cryptocurrency Mining Processor) products to separate miner demand from gaming supply. CMP generated 155 million in Q1 revenue; Q2 outlook assumes 400 million in CMP sales.
- GeForce NOW cloud gaming platform surpassed 10 million registered users; available in 70+ countries.
Professional Visualization (ProViz)
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