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The company said the forecast includes contribution from its $6.9 billion purchase of Israeli chip firm Mellanox (NASDAQ:MLNX) Technologies Ltd, which strengthened its data center business.
The chipmaker said it expects current-quarter revenue of $3.65 billion, plus or minus 2%, while analysts on average were expecting $3.29 billion, according to IBES data from Refinitiv.
Much like rivals Intel Corp (O:INTC) and Advanced Micro Devices Inc (O:AMD), Nvidia recorded a jump in demand for data center chips as companies invested to strengthen their IT infrastructure to support employees working remotely.
Revenue rose 39% to $3.08 billion in the first quarter ended April 26, with the data center business recording its first $1 billion quarter, the company said.
Nvidia’s net income rose to $917 million, or $1.47 per share, from $394 million, or 64 cents per share, a year earlier.
