Nvidia Posts All-Time High Quarterly Revenue: Gaming, ProViz, Crypto

For its second quarter of FY2022 that ended on August 1, Nvidia on Wednesday posted its all-time record quarterly revenue of $6.507 billion, a 68.3% increase over the same period a year ago. The company’s sales were driven by unprecedented demand for high-end gaming GPUs, professional graphics cards used for ProViz applications, and cryptocurrency mining.  

Nvidia’s revenues have been steadily increasing ever since the company introduced its GeForce RTX 3000-series ‘Ampere’ GPUs last September that quickly gained acceptance among gamers despite very high MSRPs. The popularity of Nvidia’s GeForce RTX 3000-series graphics cards, many of which are among the best graphics cards, has remained high, despite soaring prices due to shortages, which is why Nvidia sold every single graphics processor it could produce in the last 12 months or so. 

As Nvidia ramped production of datacenter and professional solutions based on the Ampere architecture in the recent quarters, the company’s revenue and profitability increased significantly as such products are sold at a huge premium. Furthermore, the company’s products for automotive applications were also on the rise in Q2. 

(Image credit: Nvidia)

Along with an all-time high revenue of $6.507 billion, Nvidia also posted a $2.374 billion net income in Q2 FY2022, a 282% increase over $622 million in Q2 FY2021. The company’s gross margin also increased to 64.8%, up from 58.8% in the same quarter a year ago. 

(Image credit: Nvidia)

Gaming & Mining

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