NVIDIA Tops Street Estimates With Strong Q3, Cites Strong Gaming GPU Demand
"Our record revenue highlights NVIDIA's position at the center of forces that are reshaping our industry," said Jen-Hsun Huang, co-founder and chief executive officer, NVIDIA. "Virtual reality, deep learning, cloud computing and autonomous driving are developing with incredible speed, and we are playing an important role in all of them."
NVIDIA benefited from growing demand for its GeForce GTX graphics cards. GPU revenue totaled $1.1 billion for the quarter, up 16 percent sequentially and 12 percent year-over-year. Breaking it down even further, NVIDIA said that gaming GPU revenue grew a whopping 40 percent from a year ago to hit record levels.
The chip maker's professional line of GPUs also did well. Professional virtualization revenue from Quadro was $190 million, up 8 percent sequentially and year-over-year, while datacenter revenue, including
NVIDIA expects to maintain this level of performance for at least the next quarter.