NVIDIA breaks all revenue records thanks to cryptocurrency mining

NVIDIA accounts are scary, as the company has achieved record revenues of $ 3.210 billion, which represents an increase of 66% compared to Q1 2017.

The financial results of Q1 2018 have been announced by NVIDIA, which is a real aberration. The company has generated record revenues of $ 3.210 billion, which translates into a 66% increase in revenue compared to Q1 2017. The company has obtained $ 1.300 billion in operating profit, which is 134 % compared to the same period last year and the gross margin is 64.5%.

The company has highlighted that the growth margin is thanks to the 'higher value platforms in the GPU segment', which means that the company has sold many high-end graphics cards, which leave higher profits. Among other factors is the mining of cryptocurrencies, which has demanded many graphics from the company and the gaming market, which has seen AMD sink with the Vega.

NVIDIA has achieved a huge increase in sales, reaching $ 2.770 billion, which is a 77% increase over the same period last year. The NVIDIA GTX 10 Series represent $ 1.700 billion out of $ 2.770 billion, an increase of 68% over the same period last year.

This is one of the company's businesses and the other large segment in which they work are Data Centers, which have contributed a year-on-year growth of 71%, passing 700 million dollars. The source of the profits is based on the Tesla V100 and the DGX and HPC systems, which have no competition in the market. The virtualization segment increased by 22% and the OEM market increased by 148%, thanks to sales of graphics for mining.

The Tegra SoCs also increased in sales and revenues, thanks to the Nintendo Switch, generating 442 million dollars, which represents an increase of 33%, year-on-year. The autonomous vehicle market is stable and only grows 4%, with revenues of $ 145 million. The company expects the second quarter to be just as good as the first quarter.