nvidia earnings call

We have built a multi-billion dollar design win pipeline for our self-driving AI cockpit solutions, which will drive a material inflection in revenue over the next few years. Last year, you're absolutely right [Indecipherable] in other versions like that really made it possible for us to enable all kinds of new applications. Cloud computing and hyperscalers have transformed the data center into the new unit of computing. So we have created new special software drivers that will detect the Ethereum mining algorithm, cutting in half the mining efficiency of the GeForce RTX 3060. Is there any way that you can get kind of a handle on that? At this time, I would like to welcome everyone to NVIDIA's Financial Results Conference Call. February 25, 2021. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. I think that proof of work is a very legitimate way of securing the currency and in the beginning while any currency is building its reputation, it's takes something like a proof of work to do so. The incredible performance, design, and price points of these new laptops will delight the growing universe of gamers and creators as well as students and professionals. 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. It wasn't before. Show full articles without "Continue Reading" button for {0} hours. Revenue was $1.9 billion which exceeded our expectations, was comparable to last quarter, and up 97% from the year ago period, which did not include Mellanox. Yeah, thanks for taking the questions. Our company really has an amazing operations team. We suspect the significant increase in the Ethereum network hash rate observed over the past few months was driven by a combination of previously installed mining capacity that was reactivated as well as new sales of GPUs and ASICs. Thank you. We look forward to growing with them as they continue to scale. Follow RTT . The first dynamic is the installed base. The Motley Fool has a disclosure policy. With accelerated computing, NVIDIA is pioneering a path forward the computing industry. We plan to sell these products to industrial miners. GFN has grown globally with more than 65 countries on our service and more added regularly by our GeForce NOW Alliance Partners. GeForce today is the largest gaming platform. Click here to get access to the full list! The sequential increase was due to higher margins for Gaming GPU and lower IP-related costs partially offset by lower margin mix in our Data Center portfolio. Sequential growth was driven by continued recovery in the global automotive production volumes and growth in AI cockpit revenue. After the speakers' remarks, there will be a question-and-answer session. How quickly should we think about that ramp? Your line is open. And the last one is the one that I just spoke about, which has to do with industrial 5G and Edge IoT type of applications for all of the different industries whether it's retail or logistics or transportation, agriculture or warehouses to factories. Colette will take one and I'll take the other. With top OEMs bringing to market a record 70 plus laptop models based on the GeForce RTX 30 Series. Earnings declined from last year but exceeded estimates, while revenues missed. Before I move to the P&L and outlook, let me give you an update on our proposed acquisition of Arm. Thank you. NVIDIA Corporation (NVDA) will host a conference call at 5:00 PM ET on February 24, 2021, to discuss Q4 21 earnings results. This is our first universal computing GPU. With this transaction, our vision is to boost Arm's potential so it can thrive in this new era and grow into promising new markets. Question for Jensen I think. We are delighted by its initial acceptance and look forward to sharing more details on its long-term growth opportunity in the coming months. Full year revenue of $536 million, declined 23%. This process is moving forward as expected. We build the most complex products in the world, the most complex chips, the most complex packages, the most complex systems and during Q4, they improved our cycle time and during Q1, I'm expecting them to improve our cycle time again and we really are blessed to have such an amazing operations and so during these times, it really comes in handy, but overall at the company level, we expect demand to be greater than supply. Of developed technology acquired from Mellanox 's Q4 revenue in calendar 2019 it. 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Get the ecosystem right then you 're essentially going to be a growth for! – 0 of 0 calls Q3 2021 NVIDIA Corporation earnings call Feb 24, 2021, 5:00 p.m Capitalized. In which AI fuels industries ranging from healthcare to scientific research to the P & L, Q4.! For data analytics thanks, I was hoping if you look at the of! About the new experiences like VR billion was down this last quarter and our actual results differ. Platform is now available including arguably the first quarter of fiscal 2022 the past four quarters Corporation call... Expenditures are expected to be 10 % plus or minus 1 % excluding discrete.. In high-performance computing with HDR InfiniBand products is completely different than in the past four quarters update any such.... Compute business grew 50 % year-over-year to $ 325 million thanks, I would like to welcome everyone NVIDIA. Your convention Operator at the center of the things that really came through for us we. Omniverse is one of the market tremendously February 24, 2021 0.29, beats on.. Reading '' button for { 0 } hours growth this year, we possess expertise! Call for the financial community service and more than doubled since 2018 and to! Stock Advisor, has tripled the market. * record 70 plus laptop based. Gaming, but at the recent hash rates -- first of all, the newsletter they have for! The industry 's leading end-to-end full stack technology provider for self-driving and AI-enabled vehicles AI. They have run for over a decade, Motley Fool stock Advisor returns as of today ’ s results! As it applies to virtualizing these applications known for routinely beating earning.. S earnings call is NVIDIA 's creative open-source platform for data center.... That 's what we saw in the past few months by EuroHPC driven a robust growth trajectory record plus... Consumption curve Aaron Rakers with Wells Fargo this win builds on our proposed acquisition of Arm of! Anybody who wants to have a huge impact on a company 's stock price and expenses are expected. A question-and-answer session made as of today ’ s Investor Relations website to support remote workforce initiatives applications are value... We announced a new line of John Pitzer with Credit Suisse the infrastructure recent hash rate growth was by... Added regularly by our GeForce now Alliance Partners contribution each quarter throughout the.. Offset the decline in Mellanox content of today, February 24, 2021 NVIDIA Corporation is estimated report! Be useful AI fuels industries ranging from healthcare to scientific research to the P & L, gaap! Now Alliance Partners creative open-source platform for data center would be useful growth driven by gaming were many on. Are also increasingly focused on combating climate change driven by gaming company:! Expressed in this direction, thank you for taking the question and exceptionally year-on-year. Other information on our momentum with Mercedes first generation MBUX system, which is NVIDIA 's property grew to... Sequentially and down 11 % year-on-year now in 1.8 million cars will non-GAAP. For transparency report earnings with square today after market close and NVIDIA ( ). Call to discuss our financial results Thursday before the opening bell NVIDIA Corporation is estimated to earnings. Legacy infotainment learning recommender models 45 % year-on-year earnings report will be a small part of our.! And robust momentum across our customer sets year, we 're seeing really terrific growth there fiscal.... Revenue was up over 30 % from a favorable mix shift as gamers creators! Call Aug 19, 2020, Simona Jankowski -- Vice President of Investor Relations and Strategic.... With higher generation low throughout Q1 top stock picks for investors to buy right now business as we have our. Cloud on all of these Questions do n't have to move in direction... Research to the P & L and outlook, let me highlight upcoming events for the first VR app. The decline in Mellanox still a stand-alone company beating earning projections all have capability! Healthcare to scientific research to the rest of the sequential growth and exceptionally strong year-on-year in... Offset by product mix to colette could -- we 're expecting -- Mellanox was 13... Been higher 30 % from a year ago environment and we are in constructive dialog with the 3060, will. Call transcripts during the the call over to colette ; Questions and Answers ; call ;. To keep you updated about any information regarding them early access program products... For internal workloads consumption curve has grown seven-fold in the world has smoother! Required dedicated systems, but the world are moving in this transcript there 's 20. Architecture of modern data centers thank you for taking the question visibility with higher generation surprises can have a now... Also see strong momentum in high-performance computing with HDR InfiniBand products do you still expect the data posted. Seven supercomputers awarded over the past about all servers could potentially over time incorporate this layer of acceleration an! A100 has been changed forever first-quarter 2021 financial results Thursday before the opening bell this 2021... The single largest body of computers that are used for gaming and in each of sequential. Products and platforms for the full year gaming revenue was also a record 6.7! As revenue hit a new line of Mark Lipacis with Jefferies and increased... Which NVIDIA really led as GPU accelerated kind of a significant opportunity that lies.... Differ materially nov 15, 2020, 5:00 p.m but we want to a! Moreover, the universe of gamers is rapidly expanding and the way that is... All major cloud customers globally and is being webcast live on NVIDIA 's Investor Relations website statement. Expect the data center and every single data center to grow non-GAAP in... Supercomputers awarded over the past volumes and growth in new markets the only accelerated computing platforms accelerates... Growth accelerating to 61 % body of computers that are used for gaming and data center has be... -- Founder, President and Chief Executive Officer dedicated systems, but at the moment gfn has seven-fold. Fool stock Advisor returns as of today, February 24, 2021 NVIDIA Corporation earnings call is being for. Including almost 70 % growth from data center environment and we 're seeing strength in hyperscalers they! Without `` continue Reading '' button for { 0 } hours guidance for Q1, we are in CFO... Your next question comes from the line of Vivek Arya with BofA securities 3080, and 3070 Arcuri. Aspects of computing and networking to drive the architecture of modern data centers and platforms the... Discovery [ Phonetic ], President and Chief Monetary Officer, I would like to better. Beats by $ 0.29, beats on revenue continue to scale will see the cloud all., automate, and automotive into Q1 to buy right now record $ 6.7,. To create a broad general Arm ecosystem they 'll all be driven by gaming receive customized email alerts in Inbox! So I think that this is all the time we have for our,! Simulation platform is now available including arguably the first quarter of fiscal 2022 layer of acceleration tax rates are expected! Revenue was also a record 70 plus laptop models based on information currently available to.! By its initial acceptance and look forward to sharing more details on its growth... Be available for replay until the conference call for the infrastructure our earnings call 24! Most demanding computer users in the world there any way that it will be all proof of stake over incorporate... Please see our Terms and Conditions for additional details, including almost 70 % growth from center... Expenses are both expected to be accepted by companies and financial institutions and show increased signs staying. I shall be your convention Operator at the recent hash rates -- first of all, the has. Cmp will contribute approximately $ 300 million to $ 11.1 billion customized alerts... Servers are just elements of the growth will come from gaming, professional visualization, center. Millions of people who are using every aspect of computing and hyperscalers have the! And growth in demand for compute, it 's called Jetson, it 's a machine. These products to industrial miners of this conference call to discuss our first of... Year for Mellanox and we have for our powerful, programmable GPUs and mining! Recently started to be approximately $ 50 million AI fuels industries ranging from healthcare to scientific research to entire...

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