The company’s continued focus on introducing fast and innovative products as well as agreements with leading PC game makers like Electronic Arts has been driving the Gaming GPU business. Notebooks had a solid quarter on the back of strong demand for thin and right form factors based on the company’s Max-Q technology. Desktop, notebook and gaming consoles noted double digit growth year over year. Revenues at Gaming GPU were up 52% on a year-over-year basis to $1.80 billion on the back of demand across all segments. Tegra processor revenues totaled $467 million, up 40% on a year-over-year basis.

Revenues at the GPU business jumped 40% year over year to $2.66 billion on strength in GeForce GPUs for Gaming and datacenter.

NVIDIA Corporation Price, Consensus and EPS Surprise However, the company foresees no contribution from cryptocurrency in the ongoing quarter and considers it to be immaterial in the second half of the year, making investors a little cautious. Further, NVIDIA continued to gain traction in the artificial intelligence (AI) space, which aided quarterly revenues. The year-over-year improvement was primarily backed by growth across all platforms - GPUs for gaming, Professional Visualization, datacenter and Tegra automotive. It also exceeded management’s projection of $3.10 billion (+/-2%). Revenues surged 40% year over year to $3.123 billion and beat the Zacks Consensus Estimate of $3.107 billion. The company’s non-GAAP earnings per share came in at $1.94, which increased 91% from the year-ago period and surpassed the Zacks Consensus Estimate of $1.84. NVIDIA Corporation NVDA second-quarter fiscal 2019 results not only recorded strong year-over-year improvement but also trumped the Zacks Consensus Estimate.

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