CLAIM #46613 · NVIDIA Corporation (NVDA) · 2022Q2 earnings call · Aug 18, 2021 · due Jan 31, 2024
“Looking further out, we have substantial design winds set to ramp that we expect will drive a major inflection in revenue in the coming years.”
Colette Kress · CFO
In context
“lso collaborating with Apple and Pixar to bring advanced physics capabilities to Pixar's Universal Scene Description framework, embracing open standards to provide 3D workflows to billions of devices. Omniverse enterprise software is in the early access stage and will be generally available later this year on a subscription basis from NVIDIA's partners, including Dell, HP, Lenovo, and many others. Over 500 Companies are evaluating Omniverse Enterprise, including BMW, Volvo, and Lockheed Martin. And more than 50,000 individual creators have downloaded Omniverse since it entered open beta in December. Moving to automotive. Our Q2 revenue was 152 million, down 1% sequentially, and up 3% year-on-year Sequential revenue declines in infotainment were largely offset by growth in self-driving. Looking further out, we have substantial design winds set to ramp that we expect will drive a major inflection in revenue in the coming years. This quarter, we announced several additional wins. Self-driving startup AutoX unveiled its latest autonomous driving platform for RoboTaxis powered by NVIDIA DRIVE. The performance and safety capabilities of the software-defined NVIDIA DRIVE platform have enabled AutoX to become one of the first companies in the world to provide full self-driving mobility services without the need for a safety driver. In autonomous trucking, DRIVE's ecosystem partner, plus, signed a deal with Amazon to provide at least 1,000 self-driving systems to Amazon's fleet of delivery vehicles. These systems are powered by NVIDIA DRIVE for high-performance, energy-efficient, and centralized AI compute. An autonomous trucking startup embarked is building on NVIDIA DRIVE. The system is being developed for trucks”
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SEC filings for NVDA ↗ · Claim quote is verbatim from the 2022Q2 earnings call.