Nvidia reports record sales and profit, with gaming income increasing by 85%.
Nvidia reported record quarterly sales of $6.5 billion in the second quarter of fiscal year 2022, the company's most recent quarter to report. That is a 15% increase over the previous quarter and a 68 percent increase over the same period the previous year. As is the first time the American corporation has made this much money in a single quarter. Profits of around USD 2.37 billion were earned on total sales of USD 2.37 billion.
In part, this is due to a record turnover in the gaming area, which has contributed to the positive results. When compared to the same quarter last year, more than USD 3 billion was earned in that region, representing an increase of more than 85 percent. This is most likely due to the fact that the costs and availability of RTX cards are steadily normalizing. The data center and professional visualization departments have also never been able to achieve such a high turnover.
The category 'OEM and others' has had the greatest growth in sales as compared to the previous year. This contains goods for other manufacturers, as well as products from CPM Corporation. This is the common denominator that Nvidia uses to group together items that are linked to crypto mining. Mining cards and other similar products accounted for more than half of the $409 million in sales in the OEM and other categories. Nvidia expects to generate nearly twice as much from cryptocurrency products as it does from traditional products. Despite the positive results, and perhaps as a result of the disappointing CPM income, Nvidia's share price has decreased by a few percentage points since the release of the quarterly results last week.
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Senior Member
Posts: 7823
Joined: 2010-08-28
Gaming must be a typo?
More like selling Gaming Cards directly to Miners without them ever seeing a retailer.
Stop twisting the truth leather jacket guy, with ur fancy new noice award... it's not noice at all what's going on.
Senior Member
Posts: 662
Joined: 2016-10-04
Gaming must be a typo?
More like selling Gaming Cards directly to Miners without them ever seeing a retailer.
Stop twisting the truth leather jacket guy, with ur fancy new noice award... it's not noice at all what's going on.
This.
How's possible EVGA having 6 months delay on the 3080? Something is wrong.
And before someone tries to defend EVGA/Nvidia, don't tell me that they cannot make 35 GPUs in that period to fill up the queue orders in their store.
Senior Member
Posts: 663
Joined: 2011-05-02
@Hilbert Hagedoorn
I hope this article is quoting some other sources and not your own thoughts.
I have faith that this website should and is promoting real side of the facts not some "political bullshit appearance"
Those gaming sales are in fact AIB backdoor mining sales, we all know what was the stock situation in the last quarter.
As for what it would continue to be, let me quote:
"NVIDIA CEO, Jensen Huang, Says GPU & GeForce RTX Graphics Card Availability Won't Get Any Better In 2022"
Also, maybe you're not watching/monitoring the real situation but stocks (at least in EU), are on a bad trend again rather than stabilizing, both price and availability wise.
Senior Member
Posts: 1386
Joined: 2020-12-04
"Profits of around USD 2.37 billion were earned on total sales of USD 2.37 billion"
Now THAT's impressive!!
that sure is a nice loophole they have found!... I knew Chinese labor was cheap but I never thought it was free...:p
Junior Member
Posts: 12
Joined: 2015-05-28
"Profits of around USD 2.37 billion were earned on total sales of USD 2.37 billion"
Now THAT's impressive!!