Investors should take note that the company expects revenues from CMPs to be $400 million in the upcoming quarter.ĭata Center revenues grew 79% from the year-ago quarter, to over $2 billion for the first time in Q1. Nvidia CMPs earned revenues of $155 million in Q1.
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In Q1, the company developed the Cryptocurrency Mining Processor (CMP), a separate product line for professional miners, in response to the growing demand for GeForce GPUs among miners. Going forward, Gaming is also expected to benefit from strong crypto-mining demand. The firm reported on July 15 that the overall number of titles accessible on GeForce NOW had reached 1,000, with nearly 100 of them being free-to-play. The company offers its own cloud gaming service, namely, GeForce NOW.
#Nvda earnings preview series#
The company's GeForce RTX 30 Series GPUs for gamers have been in high demand, resulting in increased revenues for the company.įurthermore, Nvidia expects to benefit from cloud gaming's fast growth. It increased 106% year-over-year to $2.76 billion.Īs online gaming systems demand more processing power, the demand for additional graphics processing units (GPUs) increases, giving Nvidia significant growth potential. Gaming, for instance, reported record revenue in the first quarter. These businesses were driven by the pandemic-induced, work-from-home, online-learning trend, and the increased usage of cloud-based solutions. Gaming and Data Centers, in particular, are two businesses that have performed well in 2020 and will continue to do so in 2021. NVIDIA appears to be in a strong position to profit from the growing Gaming, Data Center, Professional Visualization, and Automotive segments. Q1 revenues came in at $5.7 billion, increasing 84% year-over-year, and beating the consensus estimate of $5.41 billion.Īdjusted earnings came in at $3.66 per share, a jump of 103% on a year-over-year basis. Further, the company continues to predict its Gaming and Data Center segments to register sequential revenue growth in the second quarter. Nvidia expects revenues of around $6.3 billion (give or take $126 million) for Q2. The Street expects NVIDIA to report adjusted EPS of $1.02, and revenues of $6.3 billion. (See Nvidia stock charts on TipRanks) Q2 Projections Solid Q2 results might propel the stock price upward, so let’s take a closer look at what analysts on the Street are expecting. Shares of the company have gained 52% since January, trading at $199.50 heading into Tuesday. Nvidia Corporation ( NVDA) is scheduled to report second-quarter earnings on August 17.
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