NVIDIA recently unveiled the company’s financial results for the first quarter of 2021. These results were announced following the stock market’s closing bell on Wednesday, May 26th.
“Mellanox, one year in, has exceeded our expectations and transformed NVIDIA into a data-center-scale computing company,” said Jensen Huang, the CEO of NVIDIA. “From gaming, cloud computing, AI, robotics, self-driving cars, to genomics and computational biology, NVIDIA continues to do impactful work to invent a better future.”
NVIDIA said that adjusted earnings increased by 103% year-over-year to $3.66 per share. This easily beat experts’ predictions of $3.28 per share. Revenue also went up by 84% year-over-year to $5.66 billion, topping the initial prediction of $5.44 billion for the first quarter of this year.
Gaming and Data Center revenues experienced a big boom over the last year. Gaming saw a 106% increase in revenue year-over-year while revenue generated by Data Centers went up 79% year-over-year.