Nvidia earnings beat expectations, its data center business is bigger than its gaming business for the first time ever

The company's gaming business produced $1.65 billion in revenue, up 26% year over year and above the $1.41 billion consensus estimate among analysts surveyed by FactSet. Nvidia ended up with more data center revenue than gaming revenue for the first time, at $1.75 billion. The unit's revenue was up 167% and higher than the FactSet consensus estimate of $1.71 billion.

This follows the milestone of $1 billion in revenue in the fiscal first quarter for the data center business, which includes sales of graphics processing units that power artificial intelligence workloads for business use.

its $7 billion acquisition of Mellanox in the quarter. Mellanox contributed 14% of Nvidia's overall revenue in the fiscal second quarter.it had begun "full production" of the first graphics card based on its Ampere architecture, the A100 for data center use. Ampere gaming cards will come later. Two smaller parts of Nvidia, professional visualization and automotive, declined during the quarter as the coronavirus pandemic impacted business.

Nvidia called for $4.40 billion in revenue in the fiscal third quarter, which would work out to 46% growth at the middle of the range. Analysts polled by Refinitiv had expected $3.97 billion in revenue for the quarter.Executives will discuss the results with analysts on a conference call starting at 5 p.m. Eastern time.

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