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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