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NVIDIA smashes Q2 2018, more record revenue results

NVIDIA rolls on Q2 2018 with record revenues of $2.23 billion
By: Anthony Garreffa | Business, Financial & Legal News | Posted: 1 week, 3 days ago

NVIDIA has just posted up its Q2 2018 fiscal year results, with the company continuing to pound out money from its success in the gaming market. Revenue reached a whopping $2.23 billion, up by a huge 56% year-over-year.

 

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NVIDIA's net income was $583 million, up a massive 123% year-over-year, which is huge. NVIDIA's success is coming from their gaming market, which is their largest source of revenue. PC gaming is still big business, with NVIDIA's gaming division making $1.186 billion, compared to $781 million this time last year. This is what happens when you're the sole maker of high-end/enthusiast graphics cards.

 

It's not just the GeForce business that NVIDIA is benefiting from, but it's also the datacenter division - quickly becoming a money generator. This time last year, NVIDIA was making just 11% of their revenue from the datacenter, but fast forward to Q2 2018 (fiscal) and it has jumped by 175% to $416 million. It used to be small, but now the datacenter makes up 19% of NVIDIA's revenue... not bad at all.

 

This is because of the massive investments NVIDIA has made into AI, deep learning, and more - and they will continue to push the boundaries there.

NEWS SOURCES:Nvidianews.nvidia.com

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