NVIDIA Corporation Q3 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • Record revenue of $4.73B, up 57% year-over-year and 22% sequentially.
  • Strong demand across gaming, data center and multiple product ramps related to the new Ampere architecture.
  • Company announced its plan to acquire Arm from SoftBank for $40B; regulatory approval process underway.

Gaming Performance

  • Gaming revenue reached a record $2.27B, up 37% YoY and 37% QoQ.
  • Exceptional demand for GeForce RTX 30 Series GPUs (RTX 3070, 3080, 3090), offering up to 2× performance and power efficiency versus prior generation Turing GPUs.
  • Demand significantly exceeded expectations; supply expected to remain constrained for a few months.
  • Strong gaming laptop demand (11th straight quarter of double-digit YoY growth).
  • Record gaming console revenue driven by Nintendo Switch.
  • Cloud gaming service GeForce NOW surpassed 5 million+ registered users, doubling in seven months.

Professional Visualization (ProViz)

  • Revenue of $236M, down 27% YoY due to pandemic-driven weakness in desktop workstations.
  • Sequential growth of 16% supported by record notebook workstation revenue.
  • Strong early response to NVIDIA Omniverse, now in open beta, with 400+ creators/developers evaluating it.

Automotive

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Operator: Good afternoon. My name is Jason, and I will be your conference operator today. At this time, I would like to welcome everyone to NVIDIA’s Third Quarter Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [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 third 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’d 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 fourth 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

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