Record revenue of $3.87 billion, up 50 percent from a year earlier. GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $55 million. The stock’s value more than doubled in the past twelve months. NVIDIA’s earnings will likely rise at a compound annual growth rate of 12.5% over the next five years. Nvidia Q1 2021 Earnings AlphaGraph Nvidia (NVDA) earnings Q2 2021 7 months ago instsearch . Earnings announcement* for NVDA: May 20, 2021 NVIDIA Corporation is estimated to report earnings on 05/20/2021. "They're really great guys, and one of the special [things] about the Arm architecture that you know very well is that it's incredibly energy-efficient, and because it's energy efficient, it has the headroom to scale into very high-performance levels over time.". Nvidia stock price rose about 30% after the company nearly doubled analyst earnings expectations. Nvidia has announced its Q2 2021 earnings: $3.87 billion, outperforming analyst expectations amid a global pandemic and showing signs of a successful (and ongoing) reorientation of its business strategy. NVIDIA websites use cookies to deliver and improve the website experience. We've been a long-term partner of Arm, and we use Arm in a whole bunch of applications, and whether it's autonomous driving or robotics applications, the Nintendo Switch console business that we're in, and then recently, we brought Cuda to Arm, and to bring accelerated computing to Arm, and so we work with the Arm team very closely," he said. Patrick T. Fallon | Bloomberg | Getty Images . Earnings Release 2021. Nvidia (NVDA) earnings Q2 2021. admin 8 months ago 3 min read. Earnings. Today, the company has come under a fresh spotlight as it gears up to announce earnings for the second quarter of the FY 2021. The Santa Clara, Calif.-based company earned an adjusted $2.18 a share on sales of $3.87 billion in the quarter ended July 26. Record Data Center revenue of $1.90 billion, up 162 percent from a … Share on Pinterest. GAAP and non-GAAP tax rates are both expected to be 8 percent, plus or minus 1 percent, excluding any discrete items. This week NVIDIA announced their earnings for the first quarter of their 2021 fiscal year. Colette Kress Executive Vice President and Chief Financial Officer. Changes in operating assets and liabilities, net of acquisitions: Net cash provided by operating activities, Proceeds from maturities of marketable securities, Proceeds from sales of marketable securities, Acquisition of businesses, net of cash acquired, Purchases of property and equipment and intangible assets, Net cash provided by (used in) investing activities, Payments related to tax on restricted stock units, Net cash provided by (used in) financing activities, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Total impact of non-GAAP adjustments to income from operations, Interest expense related to amortization of debt discount, Total pre-tax impact of non-GAAP adjustments, Income tax impact of non-GAAP adjustments (C), Weighted average shares used in diluted net income per share computation, GAAP net cash provided by operating activities, Purchase of property and equipment and intangible assets. $NVDA NVIDIA Corp. Q2 2021 Earnings Call Transcript https://news.alphastreet.com/nvidia-corp-nvda-q2-2021-earnings-call-transcript/ Commentary on the quarter by Colette Kress, NVIDIA’s executive vice president and chief financial officer, is available at https://investor.nvidia.com/home/default.aspx. Compared to Q2 2020, earnings … Q2 cash flow from operations was $1.57 … Revenue grew 39% in the prior quarter. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Nvidia (NVDA) earnings Q2 2021. Wednesday, November 18, 2020. Stacy Rasgon … Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. More information at http://nvidianews.nvidia.com/. Toshiya Hari Goldman Sachs. Colette Kress Executive Vice President and Chief Financial Officer. Nvidia Q2 2021 Earnings Preview. Microsoft and Sony are both expected to bring out next-generation gaming consoles in time for the holiday season. Image source: The Motley Fool. NVIDIA today reported record revenue for the second quarter ended July 26, 2020, of $3.87 billion, up 50 percent from $2.58 billion a year earlier, and up 26 percent from $3.08 billion in the previous quarter. Share on Twitter. Pin. NVIDIA Announces Financial Results for Second Quarter Fiscal 2021. Share on Facebook. Vivek Arya Bank of America. Earnings: $3.10 per share, adjusted, vs. $2.81 per share as expected by analysts, according to Refinitiv. Listen to "Q2 2021 NVIDIA Corp Earnings Call". Aaron Rakers Wells Fargo. Earnings: $2.18 per share, adjusted, vs. $1.97 per share as expected by analysts, according to Refinitiv. Today, the company has come under a fresh spotlight as it gears up to announce earnings for the second quarter of the FY 2021. Share on Facebook . Second-quarter revenue was $111 million, down 28 percent from the previous quarter and down 47 percent from a year earlier. NVDA NVIDIA 20 Aug 20 2021 Q2 Earnings call transcript. About NVIDIA It will pay its next quarterly cash dividend of $0.16 per share on September 24, 2020, to all shareholders of record on September 2, 2020. Non-GAAP EPS was $2.18, up 76% from the year ago. Nvidia has announced its Q2 2021 earnings: $3.87 billion, outperforming analyst expectations amid a global pandemic and showing signs of a successful (and ongoing) reorientation of its business strategy. "Sales were hurt by lower enterprise demand and the closure of many offices around the world," said Colette Kress, Nvidia's finance chief. NVDA NVIDIA 20 Aug 20 2021 Q2 Earnings call transcript. Nvidia earnings call q2 2021 Zacks Rank stocks included in Check this out hypothetical portfolios at the beginning of each nvidia earnings call q2 2021 are included in the return calculations. World News. The stock’s value more than doubled in the past twelve months. NVIDIA (NASDAQ: NVDA) Q2 2021 Earnings Scorecard For the three months… C.J. Shack Staff. Nvidia (NVDA - Free Report) reported solid second-quarter fiscal 2021 results after market close yesterday, wherein it outpaced the Zacks Consensus Estimate on earnings and revenues.The company offered a solid guidance for the ongoing quarter. Nvidia called for $4.40 billion in revenue in the fiscal third quarter, which would work out to 46% growth at the middle of the range. Nvidia closed its $7.13 billion acquisition of Mellanox in the quarter, the largest deal in Nvidia's 27-year history. A live webcast (listen-only mode) of the conference call will be accessible at NVIDIA’s investor relations website, https://investor.nvidia.com/home/default.aspx. NVIDIA will conduct a conference call with analysts and investors to discuss its second quarter fiscal 2021 financial results and current financial prospects today at 2 p.m. Pacific time (5 p.m. Eastern time). Non-GAAP earnings per diluted share were $2.18, up 76 percent from $1.24 a year earlier, and up 21 percent from $1.80 in the previous quarter. Apple's Q2 2021 quarterly revenue of $89.6 billion is an increase of 54 percent year-on-year from Q2 2020.The company's quarterly earnings per … Find earnings report and search by company, date and market cap. Patrick T. Fallon | Bloomberg | Getty Images, Nvidia price target raised to Wall Street high of $520 at Bank of America. Wall Street consensus expects Apple to report revenue of about $77.1 billion for its second quarter of 2021. Corporate Participants: Simona Jankowski — Investor Relations. NVIDIA (NASDAQ:NVDA) has become one of the best stock plays in recent times, generating a year-to-date return of 104 percent. GAAP and non-GAAP operating expenses are expected to be approximately $1.54 billion and $1.09 billion, respectively. Other company and product names may be trademarks of the respective companies with which they are associated. Get this delivered to your inbox, and more info about our products and services. Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. We want to hear from you. Nvidia's earnings in the past year totalled $4.33 billion. Aaron Rakers Wells Fargo. Accordingly, investors should monitor these … Nvidia's earnings in the past year totalled $4.33 billion. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. Announced, together with the world’s leading server makers. NVIDIA today reported record revenue for the fourth quarter ended January 31, 2021, of $5.00 billion, up 61 percent from $3.11 billion a year earlier, and up 6 percent from $4.73 billion in the previous quarter. However, the company’s revenues could fall 6.6% in fiscal 2020 and rise 19.7% in fiscal 2021. C.J. Mellanox growth accelerated in its first quarter as part of … Revenue rose … Features, pricing, availability, and specifications are subject to change without notice. The Overview. NVIDIA Corp (NASDAQ: NVDA) Q2 2021 earnings call dated Aug. 19, 2020. Share on Google+. Nvidia shares are up 106% since the start of the year, while the S&P 500 index is up 4%. Share on LinkedIn. Timothy Arcuri UBS. Record revenue of $4.73 billion, up 57 percent from a year earlier. Share on Pinterest. Jensen Huang — Founder, President and Chief Executive Officer. Jensen Huang President and Chief Executive Officer. The computer hardware maker reported $3.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.29. Data is a real-time snapshot *Data is delayed at least 15 minutes. Earnings per share came in at $1.67, beating the Zacks Consensus Estimate of $1.63 and improving from year-ago earnings of $1.24. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company's event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Earnings Infographic: Micron (MU) stock gains on strong Q2 results. CEO Jensen Huang expects a major second half of the current fiscal year in the video game market. GAAP and non-GAAP gross margins are expected to be 62.8 percent and 65.5 percent, respectively, plus or minus 50 basis points. Earnings: $3.10 per share, adjusted, vs. $2.81 per share as expected by analysts, according to Refinitiv. Weeks after Bloomberg reported that Nvidia was in talks to acquire chip-architecture company Arm from SoftBank, on Wednesday Huang talked about Nvidia's work with Arm to date, without addressing acquisition plans. Also in the quarter Nvidia said it had begun "full production" of the first graphics card based on its Ampere architecture, the A100 for data center use. And Mercedes-Benz’s partnership with NVIDIA to power its next-generation fleet of luxury cars -- from the computer to the AI software, and from the cloud to the car -- is transformative. NVIDIA Announces Financial Results for Third Quarter Fiscal 2021. Q2 GAAP EPS was $0.99, up 10% from a year earlier. Nvidia (NVDA) earnings Q2 2021. More recently, GPU deep learning ignited modern AI ― the next era of computing ― with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world. Stay tuned here for Nvidia’s Q2 2021 earnings call transcript The company’s stock closed Wednesday’s regular trading sharply lower and continued to lose in the after-hours. Image source: The Motley Fool. Mellanox grew sharply, driven by the need for high-speed networking in cloud data centers to scale-out AI services. NVIDIA (NASDAQ: NVDA) Q2 2021 Earnings Scorecard For the three months… Powered new AI features in the, Announced that NVIDIA RTX™ has been implemented in the. Nvidia Q2 2021 Earnings AlphaGraph. Share on Twitter. Q1 2021 Earnings Quote News Estimates: 4/23 American Express Co. Q1 2021 Earnings Quote News Estimates: 4/23 Daimler AG: Q1 2021 Earnings Quote News Estimates: 4/23 NVIDIA last announced its earnings data on February 23rd, 2021. "We're expecting a really strong second half for gaming," Nvidia CEO Jensen Huang said on a conference call with analysts. Chip designer NVIDIA Corporation has released its earnings release for the third quarter of the fiscal year 2021. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP other income (expense), net, non-GAAP income tax expense, non-GAAP net income, non-GAAP net income, or earnings, per diluted share, and free cash flow. Two smaller parts of Nvidia, professional visualization and automotive, declined during the quarter as the pandemic impacted business. Shares of graphics card maker Nvidia fell slightly in extended … Tweet. Nvidia (NVDA) earnings Q2 2021 August 19, 2020 Automation User Amazon.com Inc, ... as much as 2% in extended trading on Wednesday after the company reported better-than-expected fiscal second-quarter earnings and quarterly revenue guidance. Sign up for free newsletters and get more CNBC delivered to your inbox. This is 2.44 percentage points lower than the US Semiconductors industry earnings growth rate of 55.38%. Motley Fool Transcribers. The company is growing that business as it decreases its reliance on the video-game market and continues to supply products to cloud providers such as Amazon, and through acquisitions. All Rights Reserved. NVIDIA (NASDAQ: NVDA) Q2 2021 Earnings Scorecard For the three months … Share. Looking for more insights on the earnings results? Nvidia has shared its quarterly earnings for Q4 2021, and it reported $5 billion in revenue. NVIDIA’s outlook for the third quarter of fiscal 2021 is as follows: Since its previous earnings report, NVIDIA has achieved progress in these areas: CFO Commentary (C) Income tax impact of non-GAAP adjustments, including the recognition of excess tax benefits or deficiencies related to stock-based compensation under GAAP accounting standard (ASU 2016-09). Ampere gaming cards will come later; Nvidia will host a virtual event for its GeForce gaming brand on Sept. 1. Overall revenue rose 50% on an annualized basis in the quarter which ended on July 26, according to a statement. NVIDIA (NASDAQ:NVDA) has become one of the best stock plays in recent times, generating a year-to-date return of 104 percent. Transcript menu. The webcast will be recorded and available for replay until NVIDIA’s conference call to discuss its financial results for its third quarter of fiscal 2021. Share. Second-quarter revenue, which included Mellanox, was $1.75 billion, up 54 percent from the previous quarter and up 167 percent from a year earlier. All rights reserved. GAAP earnings per diluted share for the quarter were $0.99, up 10 percent from $0.90 a year ago, and down 33 percent from $1.47 in the previous quarter. Nvidia has announced its Q2 2021 earnings: $3.87 billion, outperforming analyst expectations amid a global pandemic and showing signs of a successful (and ongoing) reorientation of its business strategy. Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. “Adoption of NVIDIA computing is accelerating, driving record revenue and exceptional growth,” said Jensen Huang, founder and CEO of NVIDIA. Nvidia (NVDA) earnings Q2 2021. admin 8 months ago 3 min read. Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Nvidia (NVDA) earnings Q2 2021 Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Simona Jankowski Investor Relations. We intend to use our @NVIDIA Twitter account, NVIDIA Facebook page, NVIDIA LinkedIn page and company blog as a means of disclosing information about our company, our services and other matters and for complying with our disclosure obligations under Regulation FD. Analysts polled by Refinitiv had expected $3.97 billion in revenue for the quarter. Mellanox contributed 14% of Nvidia's overall revenue in the fiscal second quarter. Share. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $4.83 billion. The presentation of the company’s non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company’s financial results prepared in accordance with GAAP, and the company’s non-GAAP measures may be different from non-GAAP measures used by other companies. Nvidia (NVDA) earnings Q2 2021 7 months ago 3 min read Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Stacy Rasgon … Stay tuned here for Nvidia’s Q2 2021 earnings call transcript The company’s stock closed Wednesday’s regular trading sharply lower and continued to lose in the after-hours. 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