In a conference call with analysts, Huang said the company could not get regulators to approve the Arm deal. Gamers have been snatching up graphics cards to play PC games, but a shortage of semiconductors has hurt companies like Nvidia. Nvidia has seen a boom in both gaming and datacenter revenues as users go online during the pandemic. GTC is coming. We will announce many new products, applications, and partners for Nvidia computing.”

He added, “We are entering the new year with strong momentum across our businesses and excellent traction with our new software business models with Nvidia AI, Nvidia Omniverse, and Nvidia Drive. “Nvidia is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics - some of today’s most impactful fields.” Nvidia is making a digital twin of the Earth with Omniverse for climate prediction. “We are seeing exceptional demand for Nvidia computing platforms,” Nvidia CEO Jensen Huang in a statement. In after-hours trading, Nvidia’s stock is trading at $259.69, down 2%.Īnalysts expected Nvidia to report earnings for the January quarter of $1.22 a share on revenues of $7.42 billion. GAAP earnings per diluted share for the quarter were $1.18, up from 97 cents a year ago. The company saw record revenue in its gaming, datacenter, and professional visualization platforms. While many businesses have been hit hard by the pandemic, Nvidia has seen a boost in those areas. The Santa Clara, California-based company makes graphics processing units (GPUs) that can be used for games, AI, and datacenter computing. The earnings come after Nvidia canceled its $80 billion acquisition of chip architecture firm Arm due to antitrust concerns. Nvidia reported non-GAAP earnings per share of $1.32 on revenues of $7.64 billion, up from EPS of $1.17 on revenue of $7.10 billion a year earlier.

Nvda earnings report q4