NASDAQ$NVDA

NVIDIA Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record revenue, driven by data center and gaming growth, despite pandemic impacts on professional visualization and automotive platforms.

NVIDIA reported record revenue for the second quarter of fiscal year 2021, with significant growth in its Data Center and Gaming segments. The company's overall performance was driven by the increasing adoption of NVIDIA computing and the acquisition of Mellanox.

  • Record revenue of $3.87 billion, up 50 percent year-over-year.
  • Record Data Center revenue of $1.75 billion, up 167 percent year-over-year.
  • GAAP earnings per diluted share were $0.99, up 10 percent year-over-year.
  • Non-GAAP earnings per diluted share were $2.18, up 76 percent year-over-year.

Headline financials

Total Revenue

$3.87B

Previous: $2.58B+49.9%
EPS (adj)

$0.06

Previous: $0.03+77.4%
Non-GAAP Gross Margin

66.0%

No prior period
GAAP Gross Margin

58.8%

No prior period
Capital Expenditures

-$372M

Previous: -$241M-54.4%
Free Cash Flow

$250M

Previous: $311M-19.6%
Net Income

$622M

Previous: $552M+12.7%
Operating Income

$651M

Previous: $571M+14.0%
Gross Profit

$2.28B

Previous: $1.54B+47.6%
Cash & Equivalents

$3.27B

Previous: $7.11B-53.9%
Total Assets

$25.2B

Previous: $14.8B+70.4%
Stock-Based Comp

$374M

Previous: $223M+67.7%

Revenue & EPS history

NVIDIA · Revenue · Quarterly

$3.87B

Q2 2021+49.9%vs Q2 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

NVIDIA · $3.71B total across 4 segments · Q2 2021

  • Data Center
    $1.75B+167.0%
  • Graphics
    $1.65B+26.0%
  • Professional Visualization
    $203M-30.0%
  • Automotive
    $111M-47.0%

Forward guidance

NVIDIA's outlook for the third quarter of fiscal 2021 includes revenue of $4.40 billion, plus or minus 2 percent. GAAP and non-GAAP gross margins are expected to be 62.5 percent and 65.5 percent, respectively, plus or minus 50 basis points.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+1.9%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+4.0%

Avg return

30 days after

55%

39 / 71 earnings

Positive

+25.7%

Q3 2017

Best reaction

-16.6%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-1.0%
Q4 2026-1.7%-7.9%-14.3%
Q3 2026-7.6%-4.7%-3.0%
Q2 2026+1.7%-6.0%-1.9%
Q1 2026+3.0%+4.8%+17.0%
Q4 2025-8.5%-11.6%-16.5%
Q3 2025-0.2%-7.5%-8.4%
Q2 2025-8.3%-7.0%-5.4%
Q1 2025-0.5%+11.6%+32.7%
Q4 2024+13.1%+13.9%+35.8%
Q3 2024-3.4%-5.2%-2.8%
Q2 2024+3.3%+2.6%-8.9%
Q1 2024+23.8%+26.9%+37.5%
Q4 2023+14.5%+13.8%+29.6%
Q3 2023-5.9%-8.1%-0.6%
Q2 2023+4.2%-8.0%-27.2%
Q1 2023+10.5%+16.4%+6.0%
Q4 2022-7.5%-10.8%-0.2%
Q3 2022+4.9%+5.8%-8.0%
Q2 2022+1.7%+12.8%+12.6%
Q1 2022-1.0%+3.8%+21.6%
Q4 2021-5.9%-2.1%-9.2%
Q3 2021+0.1%-2.1%-1.1%
Q2 2021-1.0%+3.7%-0.6%
Q1 2021+0.7%-2.8%+3.2%
Q4 2020+6.3%+8.8%-11.6%
Q3 2020-2.1%-0.3%+7.4%
Q2 2020+6.4%+11.9%+21.2%
Q1 2020-2.0%-2.8%-9.4%
Q4 2019+2.9%+2.5%+11.1%
Q3 2019-16.6%-24.4%-25.7%
Q2 2019-5.6%-2.2%+6.7%
Q1 2019-0.5%-4.0%+2.5%
Q4 2018+1.4%+1.7%+7.2%
Q3 2018+3.3%+2.4%-8.4%
Q2 2018-9.3%-3.0%-4.9%
Q1 2018+17.9%+24.4%+55.6%
Q4 2017-4.4%-8.3%-16.4%
Q3 2017+25.7%+23.2%+31.2%
Q2 2017+8.2%+7.0%+1.7%
Q1 2017+13.1%
Q4 2016+11.3%
Q3 2016+12.6%
Q2 2016+11.7%
Q1 2016-5.8%
Q4 2015+6.4%
Q3 2015-1.7%
Q2 2015+7.7%
Q1 2015-1.9%
Q4 2014+6.8%
Q3 2014+4.4%
Q2 2014-0.8%
Q1 2014+4.6%
Q4 2013+2.4%
Q3 2013-3.3%
Q2 2013+2.7%
Q1 2013+5.7%
Q4 2012+1.3%
Q3 2012+4.6%
Q2 2012+4.4%
Q1 2012-8.1%
Q4 2011+1.1%
Q3 2011+4.1%
Q2 2011-7.9%
Q1 2010-0.8%
Q1 2011-1.1%
Q4 2008-4.7%
Q3 2009-4.6%
Q3 2010-4.6%
Q2 2010+5.7%
Q2 2009+5.7%

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