NVIDIA Q2 Revenue Up 26% to $3866M with $622M Profit

SANTA CLARA, CA, Aug 20, 2020 – NVIDIA reported record revenue for the second quarter ended July 26, 2020, of $3,866M compared with $3080M for the first quarter ended Apr 26, 2020. Net income was $622M.

Comparative analysis based on NVIDIA’s financial results in the last 12 quarters (Result source NVIDIA website)

Comparative analysis based on NVIDIA’s financial results in the last 12 quarters (Result source NVIDIA website)

“Adoption of NVIDIA computing is accelerating, driving record revenue and exceptional growth,” said Jensen Huang, founder and CEO of NVIDIA. “Growth in GeForce gaming accelerated as gamers increasingly immerse themselves in realistic virtual worlds created by NVIDIA RTX ray tracing and AI.

“Our new Ampere GPU architecture is sprinting out of the blocks, with the world’s top cloud service providers and server makers moving quickly to offer NVIDIA accelerated computing. Mellanox grew sharply, driven by the need for high-speed networking in cloud data centers to scale-out AI services. And Mercedes-Benz’s partnership with NVIDIA to power its next-generation fleet of luxury cars — from the computer to the AI software, and from the cloud to the car — is transformative.

“Despite the pandemic’s impact on our professional visualization and automotive platforms, we are well positioned to grow, as gaming, AI, cloud computing and autonomous machines drive the next industrial revolution around the world,” he said.

A complete chart of the financial results is available here.

About NVIDIA

NVIDIA’s invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI ― the next era of computing ― with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world.

For more information, visit website.

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