Such is Nvidia’s seemingly never-ending rise, its latest record-breaking financial results scarcely passes as news. Considering AMD has been stepping up its own game though, any revenue increase should be tagged as a considerable achievement though. For the second quarter of the fiscal 2018 year, Nvidia reported record revenues of $2.23 billion for the quarter ending on July 30th, up 56 percent from the $1.43 billion achieved in the previous quarter.
This revenue is also up 15% from the previous Q1 FY2018 fiscal quarter, continuing a period of uninterrupted growth for Team Green. It provides GAAP earnings per share of 92 cents, a jump of 124% per cent year on year, providing a net income of $583 million. Cash dividends of $0.14 per share will be paid to shareholders on September 18th.
“Adoption of NVIDIA GPU computing is accelerating, driving growth across our businesses," said Jensen Huang, founder and CEO of NVIDIA. "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. 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."
On the gaming side of things, the last quarter saw Nvidia introduce the Max-Q design for gaming laptops, allowing them to thinner, quieter, faster and lighter. They also brought GeForce Experience to China for the first time, a rapidly expanding gaming marketing since gaming laws were relaxed. Actual new hardware was thin on the ground, but continued sales of its gaming PC GPUs, aided by mining demand and the meteoric success of the Nintendo Switch, all helped contribute to a positive outlook for Nvidia.
The gaming sector is comfortably Nvidia's biggest earner, but it's the AI, datacenters, automotive and professional visualisations where Nvidia is looking to achieve the most growth through, positioning itself at the forefront of these burgeoning technologies. It's shaping up to be an important few years for the GPU giants.