Nvidia’s Revenue Soars on GeForce Sales and Growing Data Center Market

Nvidia’s quarterly revenue is up a third and profits are up more than 50 percent. The games division, which includes GeForce sales, was responsible for the good figures. In addition, turnover from chips for data centers increased significantly.

Nvidia claims that the demand for GeForce GPUs is high in all regions and for all form factors. Demand for crypto mining video cards also contributed to the results, but Nvidia emphasizes that this market is volatile, and does not “distract” Nvidia from its focus on the gaming market. It resulted in a 32 percent growth in turnover of the gaming division compared to last year, to 1.56 billion dollars, or 1.34 billion euros. This division is therefore responsible for 60 percent of Nvidia’s revenue.

With a turnover of 501 million dollars, the Datacenter division is Nvidia’s second important pillar and this turnover was even 109 percent higher than last year. Among other things, there was a lot of demand for the Tesla V100 with Volta GPU, of which Nvidia managed to increase production in the third quarter. The accelerator is used in data centers of, among others, Alibaba, Baidu, Tencent, Amazon Web Services and Oracle Cloud.

The Professional Visualization division, of the Quadro GPUs, had 15 percent higher sales; it came in at $239 million. Tegra’s sales rose 74 percent to $419 million, helped by Nintendo Switch sales. The Automotive branch achieved a 13 percent increase in turnover. Nvidia has high expectations for this market, including with its Drive PX platform for autonomous driving vehicles, but for now the share in Nvidia’s quarterly revenue is still limited, at $ 144 million.

Total quarterly revenue was $2.64 billion, an increase of 32 percent. The profit came in at $ 838 million. Nvidia has never achieved such a high quarterly profit before.