Nvidia records record revenue due to good sales of GPUs for gaming and data centers

Nvidia posted record revenue of $2.23 billion in the quarter. Most of the revenue continues to come from sales of GeForce GPUs for gaming, but sales of GPUs and accelerators for servers continue to grow.

More than half of its revenue, $1.2 billion, came from the sale of GeForce GPUs for gaming. The Datacenter division had revenues of $416 million in the quarter, an increase of more than 175 percent from the same quarter a year earlier.

Nvidia started shipping its Tesla V100 accelerator in the past quarter, the first product based on the new Volta GPU. The company also released new Nvidia DGX servers, which are suitable for applications related to artificial intelligence, such as training neural networks. Facebook, among others, is a large customer of those servers.

The Automotive division had revenues of $142 million, an increase of about 19 percent from the same quarter a year ago. In recent months, it was announced that Toyota and Volvo will use Nvidia’s Drive PX system for their self-driving cars. The same applies to Project Apollo, the name under which the Chinese internet giant Baidu is working on a platform for autonomous cars.

Nvidia spent $416 million on R&D in the quarter. More than in the same quarter a year ago, when that was 350 million dollars. Nvidia’s net profit in the quarter amounted to USD 583 million, converted about EUR 496 million. That is 123 percent higher than in the comparable quarter last year.

Update 12:49 PM: R&D expenditure was $350 million in the prior year in the same quarter and not $827 million. The article has been adapted accordingly.