posted revenues of $3.87 billion for the second fiscal quarter ended July 26, up 50% from a year earlier. The revenues beat expectations, and non-GAAP earnings per share of $2.18 also trounced expectations as gaming hardware and AI remained in high demand during the pandemic.
Santa Clara, California-based makes graphics processing units (GPUs) that can be used for games, AI, and datacenter computing. While many businesses have been hit hard by the pandemic, Nvidia has seen a boost in those areas.
For the second fiscal quarter, analysts expected revenue of $3.65 billion and non-GAAP earnings per share of $1.97.
Gross profit margins, or the profit on products sold, were 66%, compared to 60.1% a year earlier. Nvidia’s revenues for the first quarter were $3.08