NVIDIA Corporation Q3 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • Q3 revenue reached $7.1B, up 50% year-over-year and a new quarterly record.
  • Record results across Gaming, Data Center, and Professional Visualization.
  • Non-GAAP EPS was $1.17, up 60% YoY; GAAP EPS was $0.97, up 83% YoY.
  • Cash flow from operations was $1.5B, up from $1.3B YoY, but down from $2.7B in the prior quarter due to supply prepayments.

Segment Performance

Gaming

  • Revenue: $3.2B, up 5% sequentially and 42% YoY.
  • Demand for GPUs remains high; channel inventory described as low.
  • RTX laptop GPUs delivered strong YoY growth.
  • Over 200 games/apps now support RTX; 125 use DLSS; 45 new DLSS titles added in the quarter.
  • GeForce NOW surpassed 14 million users, more than doubling YoY.
  • Cryptomining Processor revenue: $105M, declining and included in OEM & Other.

Professional Visualization

  • Revenue: $577M, up 11% sequentially and 144% YoY.
  • Growth led by workstation demand supporting hybrid workforce needs.
  • Omniverse Enterprise launched with strong early adoption: 700+ companies evaluating, 70,000 downloads since beta.

Automotive

  • Revenue: $135M, down 11% sequentially but up 8% YoY.
  • Sequential decline driven by automotive supply chain constraints.

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Operator: Good afternoon. My name is Saydie, and I will be your conference operator today. At this time, I would like to welcome everyone to the NVIDIA's Third Quarter Earnings 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 third quarter of fiscal 2022. With me 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 and fiscal year 2022. 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, November 17, 2021, based on information currently availabl

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