NVDA stock

 There were few surprises when NVIDIA reported earnings today — the company beat top and bottom line estimates thanks to gaming and data center sales.  

NVIDIA reported $2.46 billion in net income (or $1.17/share) on revenue of $7.1 billion. Both figures were a touch above analysts’ expectations. Revenue gained a jaw-dropping 50% YoY and diluted EPS soared 83% YoY. 

NVIDIA highlighted record revenue in its data center and gaming units. Gaming pulled in $3.22 billion, +42% YoY — NVIDIA can probably thank crypto miners for a portion of that.  Data center (which broadly speaks to AI and Big Data computing) pulled in $2.94 billion, +55% YoY. That figure came even as NVIDIA navigated a global semiconductor shortage. 

NVIDIA indicated that it expects less revenue growth next quarter. The company had little to say about its acquisition of ARM, which is under regulatory scrutiny in the UK. However, those concerns aren’t anything NVIDIA can’t handle. It’s fair to say NVIDIA’s earnings were a ray of sunshine for the Stocktwits community, on what appears to have been a cloudy earnings day. 

$NVDA stock rose 4.5% after hours today.