NVIDIA on Conference Call
- Revenue reached a record $3.21 billion, up 66% year-over-year, up 10% sequentially and above our outlook of$2.9 billion.
- Gaming revenue grew 68 percent from a year earlier to $1.72 billion.
- Datacenter revenue grew 71 percent from a year earlier to a record $701 million.
- Professional Visualization revenue grew 22 percent from a year earlier to $251 million.
- Automotive revenue grew 4 percent from a year earlier to a record $145 million.
- The Gaming market remains robust and the popular Battle Royale genre is attracting a new wave of gamers to the GeForce platform.
- GPU Pricing- While supply was tight earlier in the quarter, the situation is now easing; pleased to see that channel prices for our GPUs are beginning to normalize.
- Cryptocurrency demand was again stronger-than-expected but were able to fulfill most of it with crypto-specific GPUs, which are included in OEM business at $289 million; Looking into Q2, expect crypto-specific revenue to be about one-third of its Q1 level.
- Data Center demand remains robust; pipeline remains strong.
- Seeing strong demand in AI inferencing.
- DGX-2 system seeing strong interest from hyperscale and customers.
- Data Center- estimate the TAM at $50 billion by 2023, which extends previous forecast of $30 billion by 2020.
- Made key product announcements on the advancement of autonomous vehicles and established a total addressable market opportunity of$60 billion by 2035; believe that every vehicle will be autonomous one day. By 2035, this will encompass 100 million autonomous passenger vehicles and 10 million robot taxis.