Nvidia is about to be a hundred-billion-dollar-a-quarter company
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The chip company made over $96 billion in the past quarter, most of it from its data center business.
The chip company made over $96 billion in the past quarter, most of it from its data center business.
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Nvidia’s predicting it will pull in $108 billion in revenue within just a few months. It wouldn’t be the first company to rake in over $100 billion in quarterly revenue — Amazon, Apple, and Alphabet have repeatedly reached the milestone.
Nvidia said in its latest earnings report that it brought in a record $96.2 billion in overall revenue in the past quarter, a jump of over $10 billion from the previous quarter. Its data center revenue alone more than doubled year-over-year to a record $89 billion, and the company’s profits more than doubled to $59.7 billion.
Next 1 / 2 Nvidia’s overall revenue doubled year-over-year. Image: Nvidia Nvidia’s “edge computing” category, which includes its consumer gaming business , accounted for just $7.2 billion of its revenue last quarter. That’s a 27 percent increase year-over-year, but Nvidia acknowledged that it experienced “slower consumer PC sales that were tempered by elevated memory and systems prices.” Component shortages continue to drive up prices for Nvidia’s consumer GPUs , and it also warned of price hikes for its AI chips ahead of Wednesday’s earnings report.
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