NVIDIA Corporation Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2022
August 25, 2022 at 01:55 am IST
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NVIDIA Corporation reported earnings results for the second quarter and six months ended July 31, 2022. For the second quarter, the company reported sales was USD 6,704 million compared to USD 6,507 million a year ago. Net income was USD 656 million compared to USD 2,374 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.95 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.94 a year ago.
For the six months, sales was USD 14,992 million compared to USD 12,168 million a year ago. Net income was USD 2,274 million compared to USD 4,285 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to USD 1.72 a year ago. Diluted earnings per share from continuing operations was USD 0.9 compared to USD 1.69 a year ago.
NVIDIA Corporation is the world leader in the design, development, and marketing of programmable graphics processors. The group also develops associated software. Net sales break down by family of products as follows:
- computing and networking solutions (55.9%): data center platforms and infrastructure, Ethernet interconnect solutions, high-performance computing solutions, platforms and solutions for autonomous and intelligent vehicles, solutions for enterprise artificial intelligence infrastructure, crypto-currency mining processors, embedded computer boards for robotics, teaching, learning and artificial intelligence development, etc.;
- graphics processors (44.1%): for PCs, game consoles, video game streaming platforms, workstations, etc. (GeForce, NVIDIA RTX, Quadro brands, etc.). The group also offers laptops, desktops, gaming computers, computer peripherals (monitors, mice, joysticks, remote controls, etc.), software for visual and virtual computing, platforms for automotive infotainment systems and cloud collaboration platforms.
Net sales break down by industry between data storage (55.6%), gaming (33.6%), professional visualization (5.7%), automotive (3.4%) and other (1.7%).
Net sales are distributed geographically as follows: the United States (30.7%), Taiwan (25.9%), China (21.5%) and other (21.9%).