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Nvidia’s quarterly revenue hits a record high: games, ProViz, encryption

In the second quarter of the 2022 fiscal year ending on August 1, Nvidia announced a record quarterly revenue of $6.507 billion on Wednesday, an increase of 68.3% year-on-year. The company’s sales are driven by unprecedented demand for high-end gaming GPUs, professional graphics cards for ProViz applications, and cryptocurrency mining.

Since NVIDIA launched its GeForce RTX 3000 series “Ampere” GPU in September last year, the company’s revenue has been growing steadily. Although the manufacturer’s suggested retail price is very high, the GPU has quickly gained recognition from gamers. The popularity of Nvidia’s GeForce RTX 3000 series graphics cards, many of which belong to Best graphics card, Although prices have soared due to shortages, they still remain high, which is why Nvidia has sold every graphics processor it can produce in the past 12 months or so.

As Nvidia has increased the production of data centers and professional solutions based on the Ampere architecture in recent quarters, the company’s revenue and profitability have increased significantly because of the high sales premium of such products. In addition, the company’s automotive applications also showed an upward trend in the second quarter.

(Image source: Nvidia)

In addition to setting a record high income of US$6.507 billion, Nvidia also achieved a net income of US$2.374 billion in the second quarter of fiscal year 2022, an increase of 282% from the US$622 million in the second quarter of fiscal year 2021. The company’s gross profit margin also rose to 64.8% from 58.8% in the same period last year.

(Image source: Nvidia)

Games and mining

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