NVIDIA released its second quarter results: revenue reached $6.51 billion, and the game became a highlight

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Tencent technology news on August 19, Wednesday local time, American chip giant NVIDIA released the second quarter financial report of fiscal year 2022 as of August 1. According to the financial report, NVIDIA’s revenue in the second fiscal quarter reached US $6.51 billion, a year-on-year increase of 68%; The net profit was USD 2.374 billion, a year-on-year increase of 282%; Earnings per share was $1.04, a year-on-year increase of 89%.
Thanks to the revenue, the net profit and the revenue of the three businesses of games, data center and professional visualization platform reached a new high. The revenue guidance in the third quarter was also higher than expected, and the stock rose 2.31% after hours.
NVIDIA’s business is in a period of sustained and large-scale growth because the global semiconductor supply is in short supply and the demand for the company’s specialized processors is soaring. NVIDIA’s revenue increased 68% in the second quarter, but lower than the 84% increase in the previous quarter.
NVIDIA’s graphics chips are becoming more and more important in various fields, including games, artificial intelligence (AI) and cryptocurrency mining. The revenue of NVIDIA’s graphics card department, mainly composed of graphics cards, increased by 87% to US $3.91 billion, faster than the computing and network departments, including data center chips. The latter’s revenue increased by 46% year-on-year to $2.6 billion.
By business segment, NVIDIA’s game business was a highlight in the second quarter, with revenue increasing by 85% year-on-year to US $3.06 billion. Since the end of last year, NVIDIA has always had a supply problem because most of its latest graphics cards have been sold out in stores. The company said in May that it expected supply problems in the second half of this year. The company said on Wednesday that the delivery time of the whole supply chain was being extended.
NVIDIA also said that the growth in game sales was due not only to the sales of geforce graphics cards, but also to the chips sold to game mechanism manufacturers, such as the core processor of Nintendo host switch. NVIDIA’s data center business also reached an all-time high, with revenue increasing by 35% year-on-year to $2.37 billion. The company attributed this to the surge in demand for graphics cards in data centers for industrial purposes and cloud providers.
At the same time, investors are paying close attention to the correlation between NVIDIA’s business and the price of cryptocurrency. The revenue of cryptocurrency business was lower than expected, with a revenue of US $266 million, more than 33% lower than expected. NVIDIA predicted in May that the sales of its special chip CMP for mining cryptocurrency would be about $400 million in the last quarter.
NVIDIA also said that its cryptocurrency chip is to ensure that game players have enough chip supply, and has applied software on its GPU to prevent them from being used to mine cryptocurrency. Colette Kress, chief financial officer of NVIDIA, said that the contribution to CMP sales in the future was expected to be “minimal”.
NVIDIA’s professional visualization department is mainly the graphics card of high-end professional workstation, with a year-on-year increase of 156% to US $519 million. Its auto business revenue was $152 million, still accounting for only a small part of the company’s sales, down from the previous quarter and up 37% from the same period last year. Last year, the novel coronavirus pneumonia epidemic across the world was sweeping the field of automobile production.
Last year, NVIDIA said it planned to spend $40 billion to acquire arm, a British chip design company. However, the deal was opposed by many NVIDIA competitors, who were worried that they might not be able to obtain important arm technology.
NVIDIA said in a statement: “although some arm patent users expressed concern or opposition to the transaction, and the discussion time with regulators was longer than originally expected, we are confident in completing the transaction. Regulators should recognize the benefits of the acquisition to arm, patent users and the whole industry.”
NVIDIA CEO Huang Renxun said in a statement: “NVIDIA’s pioneering work in accelerating computing continues to promote the development of graphics, scientific computing and artificial intelligence. With the support of NVIDIA platform, developers are creating the most influential technologies of our time, from natural language understanding and recommendation systems to autonomous vehicles and logistics centers, from digital biology and climate science to the meta universe abiding by the laws of physics. ”
He also mentioned many new technologies, such as NVIDIA base command and Fleet Command, for large-scale deployment of artificial intelligence, and Omniverse, which is the engineer’s simulation platform, which can realize the physically realistic virtual world and the final “meta universe”.
Over the past three months, NVIDIA’s share price has soared by 48%, while the S & P 500 index has risen by 18%. NVIDIA split its shares in June at a ratio of 1 to 4. Last year, the company’s share price rose by more than 57%( Tencent Technology (reviser / Jinlu)