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1q21’s revenue was US $5.661 billion, and its net profit increased 109% year on year From NVIDIA

The following is the 1q21’s revenue was US $5.661 billion, and its net profit increased 109% year on year From NVIDIA recommended by recordtrend.com. And this article belongs to the classification: artificial intelligence, Enterprise financial report, New generation of information technology industry.

On May 27, 2021, NVIDIA today released its financial results for the first quarter of fiscal year 2022. According to the report, NVIDIA’s revenue in the first quarter was US $5661 million, an increase of 84% compared with us $3080 million in the same period of last year, and an increase of 13% compared with us $503 million in the previous quarter; Net profit was US $1.912 billion, up 109% from US $917 million in the same period of last year and 31% from US $1.457 billion in the previous quarter; Net profit not in accordance with U.S. GAAP was $2.313 billion, up 107% from $1.120 billion in the same period last year and 18% from $1.957 billion in the previous quarter.

NVIDIA’s adjusted earnings per share and revenue in the first quarter exceeded Wall Street analysts’ expectations, and its revenue outlook for the second quarter of fiscal year 2022 also exceeded expectations, but its share price still fell slightly after hours.

Main results of the first quarter:

In the quarter ended May 2, NVIDIA’s net profit was $1.912 billion, up 109% from $917 million in the same period last year and 31% from $1.457 billion in the previous quarter; Diluted earnings per share was $3.03, up 106% from $1.47 a year earlier and 31% from $2.31 in the previous quarter.

Excluding certain one-time items (not in accordance with US GAAP), NVIDIA’s net profit in the first quarter was $2.313 billion, an increase of 107% compared with $1.120 billion in the same period of last year, and an increase of 18% compared with $1.957 billion in the previous quarter; Diluted earnings per share was $3.66, up 103% from $1.80 a year earlier and 18% from $3.10 a quarter earlier, beating analysts’ expectations. According to data provided by Yahoo Finance Channel, 30 analysts had expected NVIDIA’s first quarter earnings per share to reach $3.28 on average.

NVIDIA’s revenue in the first quarter was US $5661 million, up 84% from US $3080 million in the same period of last year and 13% from US $503 million in the previous quarter, which also exceeded analysts’ expectations. According to data provided by Yahoo Finance Channel, 29 analysts had expected NVIDIA’s first quarter revenue to reach $5.41 billion on average.

According to business divisions, NVIDIA’s game business revenue in the first quarter was US $2.76 billion, a new record in the company’s history, an increase of 106% compared with the same period of last year and an increase of 11% compared with the previous quarter; The revenue of data center business was US $2.05 billion, which also set a new record in the history of the company, with an increase of 79% compared with the same period of last year and an increase of 8% compared with the previous quarter; The revenue of professional visualization business was 372 million US dollars, which also set a new record in the history of the company, with an increase of 21% compared with the same period of last year and 21% compared with the previous quarter; Auto business revenue was $154 million, down 1% from a year earlier and up 6% from the previous quarter.

NVIDIA’s gross profit in the first quarter was $3.629 billion, compared with $2.004 billion in the same period last year and $3.157 billion in the previous quarter. Excluding certain one-time items (not in accordance with US GAAP), NVIDIA’s gross profit in the first quarter was $3.746 billion, compared with $2.026 billion in the same period last year and $3.276 billion in the previous quarter.

NVIDIA’s gross profit margin in the first quarter was 64.1%, down 100 basis points from 65.1% in the same period last year and up 100 basis points from 63.1% in the previous quarter. Excluding certain one-time items (not in accordance with US GAAP), NVIDIA’s gross profit margin in the first quarter was 66.2%, up 40 basis points from 65.8% in the same period of last year and 70 basis points from 65.5% in the previous quarter.

NVIDIA’s operating expenses in the first quarter were $1.673 billion, up 63% from $1.028 billion in the same period last year, and 1% from $1.650 billion in the previous quarter. Among them, R & D expenditure was US $1153 million, higher than US $735 million in the same period of last year; Sales, general and administrative expenses were US $520 million, up from US $293 million in the same period last year. Excluding some one-time items (not in accordance with U.S. GAAP), NVIDIA’s operating expenses in the first quarter were $1189 million, an increase of 45% compared with $821 million in the same period last year, and basically unchanged compared with $1187 million in the previous quarter.

NVIDIA’s operating profit in the first quarter was $1.956 billion, up 100% from $976 million in the same period last year and 31% from $1.507 billion in the previous quarter. Excluding certain one-time items (not in accordance with US GAAP), NVIDIA’s operating profit in the first quarter was US $2557 million, up 112% from US $1205 million in the same period of last year and 18% from US $1957 million in the previous quarter.

Other financial information:

In the first quarter of fy2022, NVIDIA paid shareholders a quarterly cash dividend of $99 million. On July 1, 2021, NVIDIA will pay a quarterly cash dividend of $0.16 per share to all registered shareholders as of June 10, 2021.

Performance Outlook:

NVIDIA expects revenue of $6.3 billion in the second quarter of fiscal 2022, up or down by 2%, exceeding analysts’ previous expectations. According to data provided by Yahoo Finance Channel, 29 analysts had expected NVIDIA’s second quarter revenue to reach $5.5 billion on average.

NVIDIA also expects that in the second quarter of fiscal 2022, the gross profit rate of the company in accordance with and not in accordance with US GAAP is expected to reach 64.6% and 66.5% respectively, with a fluctuation of 50 basis points; The operating expenses in accordance with and not in accordance with us gaap are expected to reach about US $1.76 billion and US $1.26 billion respectively; Other expenditures in accordance with and not in accordance with the US GAAP are expected to be about US $50 million; Tax rates under and without GAAP are expected to be 10% and 1% up and down.

Changes in share price:

On the same day, NVIDIA shares closed up $2.09, or 0.33%, at $628.00 in regular NASDAQ trading. In the subsequent after hours trading up to 4:40 p.m. EDT on the 26th (4:40 a.m. Beijing time on the 27th), NVIDIA’s shares fell $3.29, or 0.52%, to $624.71. In the past 52 weeks, NVIDIA’s highest price was $648.57 and its lowest price was $319.87.

Via Sina Technology

NVIDIA: 4q20 Revenue $5 billion, net profit increased by 53% on a year-on-year basis NVIDIA: 3q20 Revenue $4.726 billion, a year-on-year increase of 57% NVIDIA: when Artificial Intelligence Computing accelerates, SMIC International’s decline expanded to 8%. The company said that depreciation increase will bring pressure on net profit. TSMC: 4q20 Revenue $12.68 billion, a year-on-year increase of 22% SMIC: 2q20 Revenue $938.5 million, net profit 138 million Samsung Electronics: 1q21 net profit: 6.4 billion US dollars, up 46.2% year on year Intel: 1q21 Revenue: 19.7 billion US dollars, down 1% year on year, still exceeding expectations SMIC: 2q20 call record annual revenue target still grows 15-20% gross margin higher than last year TSMC: 1q21 performance call record Intel: senior management interpretation 1q21 financial report data center business is in the lowest valley SMIC: 3 Q20 Revenue $1.08 billion net profit $256 million TSMC: 1q21 Revenue $12.919 billion, up 16.7% year on year

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