Odds are, if your company has been associated with the Switch in any fashion, then your financial results as of late are looking good. For example, NVIDIA‘s Tegra X1 processor is in the Nintendo Switch. This has resulted in the company seeing its shares jump 14% yesterday. But that’s not all. It’s fiscal 4th quarter had “better-than-expected earnings”. Fiscal 4th quarter revenue was up 34% from the same period last fiscal year. NVIDIA’s revenue of the full fiscal year is up 41%.
According to CNBC, NVIDIA “exceeded analysts’ expectations in four of its five markets. The biggest category, gaming, produced $1.74 billion in revenue, above the FactSet estimate of $1.54 billion. The second largest area, data center, came up with $606 million in revenue, above the consensus estimate of $552.1 million”. So, what is behind all of this growth? CFO Colette Kress says that “sales of the Nintendo Switch gaming console contributed to Nvidia’s growth in the quarter. Nvidia’s Tegra processor revenue, which totaled $450 million, was up 75 percent year over year”.