NVIDIA Q3 Beats Estimates
Wall Street was looking for earnings per share of 94 cents and revenue of $2.36 billion.
“We had a great quarter across all of
our growth drivers,” said Jensen Huang, founder and chief executive
officer of NVIDIA. “Industries across the world are accelerating their
adoption of AI.
•Revenue is expected to be $2.65
billion, plus or minus two percent.
During the third quarter, NVIDIA
achieved progress in these areas:
•Set records for attendance at its GPU Technology Conferences for developers in Beijing, Munich, Tel Aviv, Taipei and Washington.
•Announced that Alibaba, Baidu and Tencent will adopt NVIDIA® Volta GPUs for accelerating AI across enterprise and consumer applications, joining Amazon, Facebook, Google and Microsoft.
•Added NVIDIA Tesla® P100 GPU accelerators to Oracle Cloud.
•Launched the NVIDIA GPU Cloud container registry with fully optimized software stacks to accelerate deep learning for developers worldwide.
•Announced that Huawei, Inspur and Lenovo will use NVIDIA Volta HGX architecture to build AI systems for datacenters.
•Shared news that Dell EMC, Hewlett Packard Enterprise, IBM and Supermicro unveiled servers based on NVIDIA Tesla V100 GPU accelerators.
•Launched the NVIDIA TensorRT™ 3 AI
inference acceleration platform, opening up new growth in hyperscale
•Released the GeForce® GTX 1070 Ti GPU, designed to handle the graphical demands of DirectX 12, HDR and immersive VR.
•Announced collaborations to bring
NVIDIA GameWorks™ technology to top fall games, including
PlayerUnknown’s Battlegrounds, FINAL FANTASY XV and Shadow of War.
•Released the NVIDIA VRWorks™ 360 Video SDK, enabling production houses to live stream high-quality, 360-degree, stereo video.
•Opened early access to NVIDIA Holodeck™, providing a virtual collaboration space using highly realistic, physically simulated VR.
•Launched the Quadro® Virtual Data
Center Workstation, with virtualization software that turns GPU-accelerated
servers into powerful workstations.
NVIDIA DRIVE PX Pegasus, the world's first auto-grade AI computer
designed to enable a new class of driverless robotaxis without steering
wheels, pedals or mirrors.
•Added Alibaba and Huawei as partners for the NVIDIA Metropolis AI Smart Cities platform.
•Announced it is collaborating with China’s JD.com’s X lab to use NVIDIA Jetson™ to create autonomous machines that bring AI to logistics and delivery.