Nvidia Q2 revenue up 56% but shares fall 6%
- Author:Ella Cai
- Release on:2017-08-14
Nvidia had Q2 revenue of $2.23bn up 56% from Q2 2016 and up 15% from Q1. Operating profit was $688 million up 24% on Q1’s $554 million and up 117% on the $317 million of Q2 a year ago. For the current quarter it forecasts revenue of $2.35 billion.
“Adoption of Nvidia GPU computing is accelerating, driving growth across our businesses,” said CEO Jen Hsun Huang (pictured), “datacenter revenue increased more than two and a half times. A growing number of car and robot-taxi companies are choosing our DRIVE PX self-driving computing platform. And in Gaming, increasingly the world’s most popular form of entertainment, we power the fastest growing platforms – GeForce and Nintendo Switch.”
“Nearly every industry and company is awakening to the power of AI,” added Huang, “our new Volta GPU, the most complex processor ever built, delivers a 100-fold speedup for deep learning beyond our best GPU of four years ago. This quarter, we shipped Volta in volume to leading AI customers. This is the era of AI, and the NVIDIA GPU has become its brain. We have incredible opportunities ahead of us,” he said.
“Adoption of Nvidia GPU computing is accelerating, driving growth across our businesses,” said CEO Jen Hsun Huang (pictured), “datacenter revenue increased more than two and a half times. A growing number of car and robot-taxi companies are choosing our DRIVE PX self-driving computing platform. And in Gaming, increasingly the world’s most popular form of entertainment, we power the fastest growing platforms – GeForce and Nintendo Switch.”
“Nearly every industry and company is awakening to the power of AI,” added Huang, “our new Volta GPU, the most complex processor ever built, delivers a 100-fold speedup for deep learning beyond our best GPU of four years ago. This quarter, we shipped Volta in volume to leading AI customers. This is the era of AI, and the NVIDIA GPU has become its brain. We have incredible opportunities ahead of us,” he said.
