The Gaming Industry’s Mounting Demand for Graphics Chips Springboarded Nvidia’s Revenue by 84%

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According to the tech giant, both its earnings and sales figures beat analysts’ expectations. However, Nvidia still grapples with severe supply issues created by the mass buyout of consumer graphics cards by crypto miners.

Financial performance for Q1 2022

Gamers and students are behind the increased demand for GPUs . . . we expect that the current upgrade cycle will continue to be strong throughout the rest of the year as well.

Colette Kress, CFO


Here are the main financial highlights from Nvidia’s earnings release:


– Revenue: $5.66 billion versus expectations for $5.41 billion

– Earnings per share: $3.66 versus expectations for $3.28

– Graphics segment income: $3.45 billion (up 81% year over year)

– Compute and networking segment income: $2.21 billion (up 88% year over year); Nvidia said that the sales results were somewhat aided by their recent acquisition of Mellanox (a data centre company), as well as by the higher demand for server GPUs

– Sales from gaming products: $2.76 billion (up 106% year over year)


Although upbeat, Nvidia argues that its Q1 results could have been better had it not been for the pandemic-fueled shortage of semiconductors on a global scale, which prevented the company from hitting its quarterly revenue target of $6.3 billion.


What comes next for Nvidia?

“CMP yields better, and producing those doesn’t take away from the supply of GeForce. So it protects the supply for the gamers.”

Jensen Huang, CEO 


Despite adding extra software functionality aimed at dissuading crypto miners from buying the latest graphics cards, Nvidia’s chipsets are still hard to come by on the consumer market. As a result, the company predicts that its products will likely remain in short supply until the end of this year. The situation, however, should be somewhat softened by its latest line of dedicated cryptocurrency chips (CMP). Just for this quarter alone, the company is expecting earnings from said CMP chips to reach around $400 million.

Upcoming reports

See the full list of upcoming earnings reports for 31st May – 4th June in the tables below.

Monday, May 31st, 2021

CountryCompanyFiscal period
United KingdomChemring Group PLCHalf Year 2021

Tuesday, June 1st, 2021

CountryCompanyFiscal period
USAZoom Video Communications Inc
Q1 2022
USAAmbarella Inc
Q1 2022
USAHewlett Packard Enterprise Co
Q2 2021
USAPlug Power Inc
Q1 2021
CanadaCanopy Growth Corp
Q4 2021

Wednesday, June 2nd, 2021

CountryCompany nameFiscal period
USANetApp Inc
Q4 2021
United KingdomTempleton Emerging Markets Investment Trust PLC
Full Year 2020

Thursday, June 3rd, 2021

CountryCompanyFiscal period
CanadaLululemon Athletica Inc
Q1 2021
USASlack Technologies Inc
Q1 2022
United KingdomPennon Group PLC
Full Year 2021

Friday, June 4th, 2021

CountryCompany nameFiscal period
USABroadcom Inc
Q2 2021


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