Key insights
7 takeaways · ~3 min read- 01NVIDIA's Data Center revenue increased by 124% year-over-year in fiscal year 2021, driven by the Mellanox acquisition (contributing 10% of total company revenue) and the NVIDIA Ampere GPU architecture.
- 02Overall operating expenses for fiscal year 2021 rose by 50% to $5.86 billion, primarily due to the inclusion of Mellanox, increased employee compensation, and $411 million in acquisition-related costs, including $190 million for Mellanox order backlog amortization and $123 million for Mellanox intangible asset amortization.
- 03Net income for fiscal year 2021 was $4.33 billion, a 55% increase from the previous year, with diluted net income per share at $6.90, up 53%.
- 04NVIDIA paid $2 billion in the third quarter of fiscal year 2021 for the proposed acquisition of Arm, allocated as $1.36 billion for advanced consideration, $0.17 billion for intellectual property licenses, and $0.47 billion for royalty prepayments.
- 05Automotive revenue decreased by 23% year-over-year, attributed to the expected reduction in legacy infotainment modules and autonomous driving development agreements, despite growth in AI cockpit and autonomous vehicle solutions.
- 06Gross margin for fiscal year 2021 improved by 30 basis points, mainly due to a favorable product mix with higher Data Center and lower Automotive revenue, partially offset by Mellanox acquisition-related charges.
- 07OEM and Other revenue increased by 25% from the prior year, primarily driven by higher sales volume of entry-level laptop GPUs.
Summary
SEC 10-K filing for NVIDIA, filed 2021-02-26.
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