NVIDIA’s second quarter revenue was $3.866 billion, with a 13% year-on-year increase in net profit

NVIDIA today released the company’s second quarter fiscal 2021 results. According to the report, NVIDIA’s revenue in the second quarter was $3.866 billion, up 50% from $2.579 billion in the same period of last year, and 26% higher than that of $3.080 billion in the previous quarter; its net profit was $622 million, up 13% compared with $552 million in the same period of last year, but decreased by 32% compared with $917 million in the previous quarter. NVIDIA’s adjusted earnings and revenue in the second quarter exceeded Wall Street analysts’ expectations, and its outlook for fy2021 revenue exceeded expectations. However, after hours, its share price still fell slightly by less than 1%. < / P > < p > in the quarter ended July 26, NVIDIA’s net profit was $622 million, up 13% from $552 million a year earlier, but down 32% from $917 million in the previous quarter; diluted earnings per share was $0.99, up 10% from $0.90 in the same period last year, but down 33% from $1.47 in the previous quarter. < / P > < p > excluding certain one-off items (not in accordance with U.S. GAAP), NVIDIA’s second quarter net profit was $1.366 billion, up 79% from $762 million in the same period of the previous year, and 22% compared with $1.120 billion in the previous quarter; diluted earnings per share was $2.18, up 76% from $1.24 in the same period of the previous year and $1.80 in the previous quarter Growth of 21%, which exceeded analysts’ expectations. According to a previous survey, 30 analysts expected average earnings per share in the second quarter to reach $1.97. NVIDIA’s revenue in the second quarter was $3.866 billion, up 50% from $2.579 billion in the same period last year and 26% higher than $3.080 billion in the previous quarter, which also exceeded analysts’ expectations. Previous surveys show that 30 analysts expect average revenue to reach $3 billion 650 million in the second quarter. By business category, NVIDIA’s data center business revenue (including mellanox performance) in the second quarter was $1.75 billion, up 167% from the same period last year and 54% from the previous quarter. NVIDIA’s game business had revenue of $1.65 billion in the second quarter, up 26% from a year earlier and 24% from the previous quarter. NVIDIA’s professional visualization business had revenue of $203 million in the second quarter, down 30% from a year earlier and 34% from the previous quarter. The second quarter revenue of NVIDIA’s motor vehicle business was $111 million, down 47% from a year earlier and 28% from the previous quarter. NVIDIA’s gross profit margin in the second quarter was 58.8%, 100 basis points lower than 59.8% in the same period of last year, and 630 basis points lower than 65.1% in the previous quarter. Not in accordance with US GAAP, NVIDIA’s gross profit margin in the second quarter was 66.0%, up 590 basis points from 60.1% in the same period last year and 20 basis points higher than 65.8% in the previous quarter. NVIDIA’s operating expenses in the second quarter were $1.624 billion, up 67% from $970 million in the same period last year and 58% higher than $1.028 billion in the previous quarter. Among them, the R & D expenditure was US $997 million, higher than US $704 million in the same period of last year; the expenditure on sales, general affairs and administration was $627 million, higher than that of $266 million in the same period of last year. Contrary to US GAAP, NVIDIA’s operating expenses in the second quarter were $1035 million, up 38% from $749 million in the same period last year and 26% higher than $821 million in the previous quarter. NVIDIA’s operating profit in the second quarter was US $651 million, up 14% from US $571 million in the same period of the previous year, and down 33% from $976 million in the previous quarter. Contrary to US GAAP, NVIDIA’s operating profit in the second quarter was $1.516 billion, up 89% from $802 million in the same period last year and 26% higher than $1205 million in the previous quarter. NVIDIA will pay the next quarterly cash dividend of $0.16 per share to all registered shareholders as of September 2, 2020 on September 24, 2020. NVIDIA completed the acquisition of mellanox technologies, an Israeli chip design company, on April 27, 2020. In the first quarter after its merger with NVIDIA, mellanox technologies grew faster, contributing 14% of NVIDIA’s revenue. NVIDIA expects revenue to reach $4.4 billion in the third quarter of fiscal year 2021, up or down 2%, exceeding analysts’ expectations. Previous surveys show that 30 analysts expect average revenue to reach $3 billion 970 million in the third quarter. NVIDIA also forecasts that the company’s gross profit margin in accordance with and not in accordance with US GAAP is expected to reach 62.5% and 65.5% respectively in the third quarter of fiscal year 2021, up and down by 50 basis points; operating expenses under and without US GAAP are expected to reach US $1.54 billion and us $1.09 billion, respectively; and other expenditures in accordance with and without US GAAP It is expected to reach about 55 million US dollars; the tax rate under and without US GAAP is expected to be 8%, with a fluctuation of 1%. On the same day, NVIDIA’s shares closed down $4.89, or 1.00%, to $485.54 in regular NASDAQ trading. In subsequent after hours trading at 5:12 p.m. EST (5:12 a.m. Beijing time) on the 19th, NVIDIA’s shares fell another $1.24, or 0.26%, to $484.30. In the past 52 weeks, NVIDIA’s highest price was $499.84 and its lowest price was $159.00.