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NVIDIA reports record revenue in Q3 2020: $ 4.73 billion, 57% more than last year

by admin
November 19, 2020
in Gaming
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NVIDIA reports record revenue in Q3 2020: $ 4.73 billion, 57% more than last year
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NVIDIA has released its financial report for the third quarter of 2020, which continues to show a record increase in revenue. These are still being powered by the pandemic, but it also has a lot to do with the latest acquisitions of the company or even the increase in sales of the Nintendo Switch. Let’s see the details.

NVIDIA reports revenue of $ 4.73 billion in the third quarter of 2020, of which gaming and data centers account for 90%

nvidia ingresos q3 2020

These results correspond to the third quarter of fiscal year 2021, that is, 2020. The $ 4.73 billion of revenue is 57% more than the 3010 of the previous year, and 22% more than the 3870 of the previous quarter.

ingresos nvidia q3 2020

Of these revenues, 2,271 million correspond to gaming, 1,900 to data centers and 555 to other segments. That is, gaming is responsible for 48% of NVIDIA’s revenue, and in fact, according to their statements, the sale of SoCs like the Nintendo Switch has an important component in those benefits. The reported period runs from July 1 to September 30, so it hardly includes the sales of the new RTX 30 graphics, which we do not know so far.

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And of the 40% that comes from data centers, almost a third is thanks to Mellanox, the network technologies company that NVIDIA bought last year, and which is certainly paying off quite a bit. Who knows what will happen when the purchase of Arm materializes, which is expected in early 2022 (calendar year, not fiscal).

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The reasons for this increase in revenue have been explained by NVIDIA CFO Collette Kress and obviously have to do with the pandemic, which has radically changed the way people work and entertain themselves, and which of course has implied a greater demand for computational resources in data centers.

nvidia dpu

For the fourth quarter, NVIDIA does not expect big changes in its profits, as its financial report speaks of about 4.8 billion (± 2%). The future will undoubtedly be marked by the evolution in supply capacity of its Ampere GPUs, the advancement of its new DPUs for data centers, or the evolution of the Arm acquisition. The company’s CEO, Jensen Huang, speaks of being ” positioning NVIDIA for the age of artificial intelligence ” with these latest two advancements.

NVIDIA’s financial results continue to show the company’s strength, but it will be necessary to see how they evolve in the face of the advancement of its competitors, and especially with what happens in the gaming market due to its shortage of GPUs, which is hardly reflected in the fiscal period in question. What do you think? Leave it in the comments!

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