NVIDIA Corporation Q2 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • Q2 revenue was $3.87 billion, up 50% year-over-year and up 26% sequentially, significantly exceeding guidance.
  • Strong performance driven by gaming and data center, with Mellanox fully integrated for the first quarter.
  • Company continued operating largely remotely due to COVID-19 while executing major product ramps and integration milestones.

Segment Performance

Gaming

  • Revenue: $1.65 billion, up 26% year-over-year and 24% sequentially.
  • Growth was broad-based across geographies, products, and channels.
  • PC gaming engagement surged during the pandemic (Steam DAUs +25%; U.S. game spending +30%).
  • Strong demand for GeForce-based laptops; over 100 new models launched with OEMs.
  • Turing architecture and RTX ray tracing adoption remain strong, with major game support expanding (Cyberpunk 2077, Watch Dogs, Minecraft, DEATH STRANDING).
  • GeForce NOW cloud gaming traction increasing; now available on Chromebooks and through multiple global telecom partners.

Professional Visualization (ProVis)

  • Revenue: $203 million, down 30% year-over-year and 34% sequentially.
  • Declines tied to enterprise office closures and sector-specific weakness (AEC, manufacturing, media, oil & gas).

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Operator: Good afternoon. My name is David and I will be your conference operator today. At this time, I would like to welcome everyone to NVIDIA’s Financial Results Conference Call. [Operator Instructions] Thank you. Simona Jankowski, you may begin your conference. Simona Jankowski: Thank you. Good afternoon, everyone and welcome to NVIDIA’s conference call for the second quarter of fiscal 2021. With me on the call today from NVIDIA are Jensen Huang, President and Chief Executive Officer and Colette Kress, Executive Vice President and Chief Financial Officer. I would like to remind you that our call is being webcast live on NVIDIA’s Investor Relations website. The webcast will be available for replay until the conference call to discuss our financial results for the third quarter of fiscal 2021. The content of today’s call is NVIDIA’s property. It can’t be reproduced or transcribed without our prior written consent. During this call, we may make forward-looking statements based on current expectations. These are subject to a number of significant risks and uncertainties and our actual results may differ materially. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today’s earnings release, our most recent Forms 10-K and 10-Q and the reports that we may file on Form 8-K with the Securities and Exchange Commission. All our statements are made as of today, August 19, 2020 based on information currently ava

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