Professional Visualization revenues jumped a whopping 156% year over year in the second quarter. The Automotive segment’s revenues increased 37% year on year in the second quarter, primarily aided by the continued recovery in the global automotive production volumes. A series of blockbuster AAA titles, which pledged support for the NVIDIA RTX ray tracing technology might have been a positive as well.įurthermore, the company’s Automotive and Professional Visualization divisions have shown improving trends over the last two quarters. NVIDIA’s growth opportunities in ray-traced gaming, rendering, high-performance computing and artificial intelligence are likely to have been driving factors during the period in discussion. An increase in Hyperscale demand and growing adoption in the inference market are likely to have been tailwinds in the to-be-reported quarter. The pandemic-induced remote-working wave is likely to have bolstered sales of graphic chips utilized in desktops and laptops and is anticipated to have aided NVIDIA’s third-quarter performance.Ĭontinued strength in its data-center business on the growing adoption of cloud-based solutions amid the COVID-19 crisis-induced work-from-home wave is expected to have boosted the company’s revenues. NVIDIA Corporation price-eps-surprise | NVIDIA Corporation Quote Factors at Play At the moment, some investors are watching to see if Nvidia's recent growth is part of a permanent shift in demand for Nvidia's products, or whether it's a spike caused by the pandemic.NVIDIA Corporation Price and EPS Surprise For full-year FY 2021, analysts are forecasting data center revenue to rise 123.5%, the fastest pace since FY 2018. Even with the Mellanox deal, data center revenue growth experienced a slight deceleration to 161.7% in the third quarter, and analysts expect the pace of growth to slow to 93.6% in Q4 FY 2021. The Mellanox acquisition, made in the second quarter, contributed to revenue during that period and also in future quarters of FY 2021.

Growth accelerated to 80.0% in Q1 FY 2021 and then to 167.5% in Q2 FY 2021. Nvidia's data center revenue grew just 1.7% for all of FY 2020, declining in each of the first three quarters of the year before rising 42.6% in Q4 FY 2020. While both sources of revenue have received a lift during the pandemic after weak performance in FY 2020, data center revenue continues to rise at a faster pace.

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