Nvidia, benefiting heavily from the success of its Ampere GPU architecture announced in April, posted strong revenues during its third quarter of fiscal year 2021. Q3 revenues topped $4.73 billion, up 57% year over year and 22% sequentially.

The company's fortunes were the result of a strong ramp in its Ampere GPUs, both in the consumer and data center spaces, according to Nvidia CFO Colette Kress. This strength pushed Nvidia's net income to $1.3 billion, up 115% from the previous quarter, and 49% year over year.

Gaming accounted for $2.27 billion of the company's revenues, while data center revenues mounted $1.9 billion, up 162% year over year and 8% from the previous quarter.

While gaming remains Nvidia's core revenue driver, the chipmaker's gains were largely the result of the its moves in the high-performance computing and data center arenas.

"Our new Nvidia Ampere architecture gained further adoption by cloud and hyperscale customers and started ramping into vertical industries," Kress said on the earnings call, according to a transcript. "A100 adoption by vertical industries drove strong growth, as we began shipments to server [original equipment manufacturer] partners whose broad enterprise channels reach a large number of end customers."

Since the introduction of Nvidia's flagship A100 GPU, all major cloud providers have announced plans to deploy the GPU. And earlier this week, Nvidia announced a revamped version of the GPU which boasts twice the video memory for larger, more complex artificial intelligence training workloads.

Kress also reported on the success of the company's DGX A100 servers, which match eight A100 GPUs with two 64-core AMD Rome CPUs and a terabyte of memory. These servers form the basis of Nvidia's DGX SuperPOD modular supercomputing platform.

"We have announced plans to build an 80-node DGX SuperPOD with 400 petaFLOPs of AI performance, called Cambridge-1, which will be in the UK's fastest AI supercomputer," Kress said.

Mellanox, which Nvidia acquired last year for $6.9 billion, also saw double-digit sequential growth during the quarter contributing to 13% of the company's overall revenues.

Nvidia's third quarter was marked by some high-profile acquisitions and product launches. The biggest of which was the $40 billion acquisition of British chip designer Arm from Softbank.

The acquisition, which still faces regulatory review, will see Nvidia push its GPU technologies into Arm's licensing strategy and drive the development of Neoverse data-center CPUs.

Nvidia also announced several new products including the Mellanox BlueField2 and InfiniBand 400 Gb/s-capable data processing units (DPU), a more capable A100 GPU, and the DGX station.

While Nvidia enjoyed a record Q3, Kress is expecting some seasonality to impact revenues in Q4, though revenues are still expected to beat the previous quarter at $4.8 billion.

Kress expects Nvidia to overcome this in its gaming division, however, data center revenues are expected to be down slightly compared to Q3.

"We expect computing products to grow in the mid-single digit sequentially, more than offset by a sequential decline in Mellanox," she said.