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Moving to Professional Visualization, revenues increased 20% year over year to $281 million on elevated demand for real-time rendering and mobile workstations and tools like AR and VR. Growing adoption of AI supercomputer DRIVE Pegasus for autonomous vehicles among major car makers like Daimler and Bosch is a tailwind.

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Moreover, the company’s fully optimized AI server, DGX, was also a key growth driver of its datacenter business.Īutomotive revenues in the reported quarter totaled $161 million, reflecting an increase of 13% year over year backed by increase in production of autonomous vehicle and AI-based smart cockpit infotainment solutions.

With this, the company expects to “address a much larger portion of deep learning inference workloads, delivering up to 190x performance speed-up relative to CPUs.” During the quarter, NVIDIA launched Tensor RT 4, which helps in speech recognition, speech synthesis, translation, and recommendation systems. The company’s AI inference solution is helping it expand its total addressable market. Growing traction of AI among other vertical industries like transportation, energy, manufacturing, smart cities, and healthcare is also benefiting NVIDIA. The company’s Volta-based V100 accelerator hogged the maximum limelight. Meanwhile, revenues from datacenter increased 83% year over year to $760 million, mainly fueled by strong adoption of AI, deep learning, high-performance computing (HPC) and strong traction of the new Volta architecture. Hence, the product launch will help NVIDIA expand its customer base and in turn drive additional revenues.

The technology is likely to take gaming experience to a whole new level. The company is benefiting from strong demand for gaming on the back of rising interest on Battle Royale games such as Fortnite and PUBG as well as growing popularity of e-sports.ĭuring the reported quarter, NVIDIA unveiled its Turing architecture, which includes real-time ray tracing technology, RT Cores as well as Tensor Cores for AI inferencing.

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The company’s continued focus on introducing fast and innovative products as well as agreements with leading PC game makers like Electronic Arts has been driving the Gaming GPU business. Notebooks had a solid quarter on the back of strong demand for thin and right form factors based on the company’s Max-Q technology. Desktop, notebook and gaming consoles noted double digit growth year over year. Revenues at Gaming GPU were up 52% on a year-over-year basis to $1.80 billion on the back of demand across all segments. Tegra processor revenues totaled $467 million, up 40% on a year-over-year basis. Revenues at the GPU business jumped 40% year over year to $2.66 billion on strength in GeForce GPUs for Gaming and datacenter. NVIDIA Corporation Price, Consensus and EPS Surprise

However, the company foresees no contribution from cryptocurrency in the ongoing quarter and considers it to be immaterial in the second half of the year, making investors a little cautious. Further, NVIDIA continued to gain traction in the artificial intelligence (AI) space, which aided quarterly revenues. The year-over-year improvement was primarily backed by growth across all platforms - GPUs for gaming, Professional Visualization, datacenter and Tegra automotive. It also exceeded management’s projection of $3.10 billion (+/-2%). Revenues surged 40% year over year to $3.123 billion and beat the Zacks Consensus Estimate of $3.107 billion. The company’s non-GAAP earnings per share came in at $1.94, which increased 91% from the year-ago period and surpassed the Zacks Consensus Estimate of $1.84. NVIDIA Corporation NVDA second-quarter fiscal 2019 results not only recorded strong year-over-year improvement but also trumped the Zacks Consensus Estimate.

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