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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