Nvidia is about to be a hundred-billion-dollar-a-quarter company

The chip company made over $96 billion in the past quarter, most of it from its data center business.

The chip company made over $96 billion in the past quarter, most of it from its data center business.

Nvidia’s predicting it will pull in $108 billion in revenue within just a few months. It wouldn’t be the first company to rake in over $100 billion in quarterly revenue — Amazon, Apple, and Alphabet have repeatedly reached the milestone.

Nvidia said in its latest earnings report that it brought in a record $96.2 billion in overall revenue in the past quarter, a jump of over $10 billion from the previous quarter. Its data center revenue alone more than doubled year-over-year to a record $89 billion, and the company’s profits more than doubled to $59.7 billion.

Nvidia’s “edge computing” category, which includes its consumer gaming business, accounted for just $7.2 billion of its revenue last quarter. That’s a 27 percent increase year-over-year, but Nvidia acknowledged that it experienced “slower consumer PC sales that were tempered by elevated memory and systems prices.” Component shortages continue to drive up prices for Nvidia’s consumer GPUs, and it also warned of price hikes for its AI chips ahead of Wednesday’s earnings report.

• Stevie Bonifield