NVIDIA Corporation Q4 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • NVIDIA reported record Q4 revenue exceeding $5 billion, up 61 percent year-over-year compared to Q4 FY2020.
  • Full-year FY2021 revenue reached $16.7 billion, up 53 percent from FY2020.
  • Growth was driven primarily by Gaming and Data Center, with additional contributions from Professional Visualization and Automotive recovering sequentially.

Gaming

  • Q4 Gaming revenue reached a record $2.5 billion, up 10 percent sequentially and 67 percent year-over-year (vs. Q4 FY2020). FY2021 Gaming revenue was $7.8 billion, up 41 percent year-over-year.
  • GeForce RTX 30 Series demand remains exceptionally strong, with inventories below desired levels despite increased supply.
  • Major gaming product launches:
    • GeForce RTX 3060 Ti in December.
    • Large CES 2021 laptop GPU launch with RTX 3060, 3070, and 3080 laptops.
    • RTX 3060 GPU launching at $329, expected high demand.
  • NVIDIA introduced software to reduce Ethereum mining efficiency by 50 percent on RTX 3060 GPUs to prioritize gamers.
  • NVIDIA introduced a new CMP (Crypto Mining Processor) product line targeted at industrial miners; CMP expected to contribute about $15 million in Q1 FY2022.

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Operator: Good afternoon. My name is Mariama, and I will be your conference operator today. At this time, I would like to welcome everyone to NVIDIA's 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. I will now turn the call over to Simona Jankowski, NVIDIA's Vice President of Investor Relations and Strategic Finance to begin the conference. Simona Jankowski: Thank you. Good afternoon, everyone, and welcome to NVIDIA's conference call for the fourth 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 first quarter of fiscal 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 toda

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