Nvidia’s revenue increased by 43% YoY to $16.68B in fiscal year 2021

Growth | Interviews | Technology

Computer hardware and consumer electronics provider Nvidia posted a strong 2021 fiscal year, benefitting from an uptick in one of their primary markets, the video game industry.

Weston College Tech month banner

According to data presented by 123scommesse.it, Nvidia’s revenue increased by 53% YoY in their fiscal year 2021 to $16.68bn.

Nvidia’s revenue records impressive CAGR of 27.2% from 2016-2021

Nvidia is most popularly known for producing high-performance graphics processing units (GPUs) for the video game and professional markets. In their fiscal year which ended in January 31, 2021, Nvidia posted revenue of $16.68bn – a 43% YoY increase from 2020’s $10.92bn.

From 2016-2021, Nvidia’s global revenue experienced a compound annual growth rate (CAGR) of 27.2%

Nvidia also posted an estimated net income of $4.33bn in their fiscal year ending January 2021, compared to just $2.8bn in fiscal year ending in 2020 – a 55% YoY increase.

Fiscal year 2021 also saw Nvidia’s total assets rise to $28.79bn compared to just $17.32bn in 2020 – a 66% YoY increase.

Nvidia enjoys growth in two of its primary markets

The video game industry is still Nvidia’s most lucrative market amounting to $7.76bn in revenue after enjoying a significant 41% YoY growth in fiscal year 2021.

Nvidia’s data centre market had the largest growth for fiscal year 2021 amounting to $6.7bn compared to just under $3bn in 2020 – a staggering YoY growth of 124.5%.

In terms of operating segment, the graphics business segment accounted for $9.83bn compared to just $7.64bn in fiscal year 2020 – a 29% YoY increase.

Nvidia’s Compute & Networking segment more than doubled in fiscal year 2021 amounting to $6.84bn in 2021 compared to just $3.28bn in 2020.

In the fiscal year ending 2021, Nvidia also recorded its highest spend on Research & Development, amounting to just under $4bn – a 39% YoY increase.

Rex Pascual, 123commesse.it, commented on Nvidia’s growth: “Nvidia is one of the most popular brands in the gaming industry which has always been a lucrative source of revenue for the company. Its meteoric growth in the data centre market is what should get investors excited as it is a clear indication of the company’s smart decision to diversify on the back of sustained success. Nvidia also recorded its highest R&D spend in fiscal year 2021 which shows that the company has its eyes on long-term success.”

Click here for more content from our special Tech Month, brought you by Weston College.

Did you enjoy reading this content?  To get more great content like this subscribe to our magazine

Tagged with:

Reader's Comments

Comments related to the current article

Leave a comment

Your email address will not be published. Required fields are marked *