Nvidia has been on a roll and has managed to beat expectations during this quarter and the whole fiscal year. Both revenue and income were up across the board. The gaming division was the big winner, bringing in just shy of half of Nvidia's earnings. Of course, the crypto mining craze takes some credit as Nvidia has just made its big move into limiting Ethereum mining performance on its upcoming graphics cards, as well as announcing a dedicated Cryptocurrency Mining Processors (CMPs), a dedicated GPUs for professional mining.
Beating expectations and reporting an impressive FY 2021 results
According to the announced financial results, Nvidia has reported a revenue of $5003 million for Q4 2021, up by six percent compared to the last quarter, and an impressive increase of 61 percent compared to the same quarter last year. The reported gross margin was at 63.1 percent, an increase of 0.5 percent compared to the previous quarter and down by 1.8 percent compared to the same quarter last year.
Operating income is reported at $1507 million with net income at $1457 million, up by eight and nine percent compared to the previous quarter and up by 52 and 53 percent compared to the same quarter last year. EPS was at $2.31, up by nine percent over the previous quarter and up by 51 percent compared to the same quarter last year.
When it comes to FY 2021 results, Nvidia reported revenue of $16.67 billion, and net income of $4.3 billion, up by 53 and 55 percent compared to the last year. The reported gross margin for the whole year is at 62.3 percent, up by 30 points compared to the last year.
When it comes to specific divisions, gaming brought almost half of earnings during the fourth quarter, bringing $2.495 billion in revenue, up by 10 percent compared to the previous quarter and up by 67 percent compared to the last year. The datacenter division also gained ground, at least compared to the last year, as it reported a revenue of $1.903 billion, flat compared to the previous quarter and up by 97 percent compared to the same quarter last year.
The professional visualization division brought $307 million, automotive reported $145 million, and OEM & IP division brought $153 million.
Nvidia had a big year
As detailed by Jensen Huang, founder and CEO of Nvidia, both Q4 and FY 2021 were a big deal for Nvidia, in both gaming as well as datacenter and supercomputing markets. The company has seen a big demand for Geforce RTX 30 series GPUs, with a big push in ray tracing, DLSS, and AI, while its A100 data center GPUs have seen a strong push across cloud-service providers.
“Q4 was another record quarter, capping a breakout year for NVIDIA’s computing platforms,” said Jensen Huang, founder and CEO of NVIDIA. “Our pioneering work in accelerated computing has led to gaming becoming the world’s most popular entertainment, to supercomputing being democratized for all researchers, and to AI emerging as the most important force in technology.
“Demand for GeForce RTX 30 Series GPUs is incredible. NVIDIA RTX has started a major upgrade cycle as gamers jump to ray tracing, DLSS and AI.
“Our A100 universal AI data center GPUs are ramping strongly across cloud-service providers and vertical industries. Thousands of companies across the world are applying NVIDIA AI to create cloud-connected products with AI services that will transform the world’s largest industries. We are seeing the smartphone moment for every industry.
“Mellanox has expanded our footprint across the data center. And we are making good progress toward acquiring Arm, which will create enormous new opportunities for the entire ecosystem,” he said.
Nvidia also expects a great Q1 FY 2022, with revenue of $5.3 billion, and a slight increase in gross margin to 63.8 percent.
