Subject: General Tech | October 12, 2012 - 11:34 PM | Jeremy Hellstrom
Tagged: amd, financial results, quarterly earnings
While we do not have the finalized results of AMD's Q3 earnings, The Register did report that they will not be meeting the targets that were set previously. The are lowering both expected revenues as well as their gross margins projections. While this news is not unexpected it does illustrate the difficulties which AMD is currently experiencing. With new products already for sale and more scheduled for release before the new year, there is still hope for AMD to make a bit of a recovery. As we have pointed out many times before, whether you purchase AMD products or not, the continued existence of AMD is crucial to keep the marketplace competitive.
shamelessly stolen from macgasm
"AMD has announced lowered expectations for its third-quarter financial results, with revenues declining 10 per cent from the previous quarter, down from the 1 per cent – give or take 3 per cent – that it had previously projected."
Here is some more Tech News from around the web:
- TLC NAND could penetrate biz with flash-to-flash backup @ The Register
- AMD Hondo-based products to be launched in mid-November at the earliest @ DigiTimes
- My smartphone conundrum @ The Tech Report
- Office 2013 hits RTM, will ship starting in November @ The Register
- What is going on with Nvidia’s GK114? @ SemiAccurate
- Fractal Design End Mod
Subject: General Tech | August 9, 2012 - 11:06 PM | Tim Verry
Tagged: tegra 3, nvidia, kepler, financial results
Popular graphics card manufacturer NVIDIA announced its second quarter financial results for fiscal year 2013 in a conference call today. While some aspects of the business delivered less revenue than expected, its mobile Tegra and desktop/notebook graphics card divisions were up. In total, the company brought in a 13% quarter-over-quarter increase and $1.04 billion in revenue.
Tregra is proving a successful product for NVIDIA.
NVIDIA CEO Jen-Hsun Huang was part of the conference call today and he seemed positive about the company’s performance. He stated that “Our investments in mobile computing and visual computing are both paying off.” Thanks to the company’s successful 28nm Kepler architecture–and despite early yield issues–NVIDIA managed strong GeForce graphics card sales and a increased notebook graphics market share. The company attributes this increase to new Kepler-based notebook models from Acer, Apple, Asus, Dell, HP, Lenovo, Samsung, and Sony.
On the mobile front, NVIDIA has seen several successes in securing design wins. One such device is Google’s new 7” Nexus 7 tablet that is proving to be a popular device–running NVIDIA’s Tegra 3 processor. The company’s Tegra 3 SoC is further included in the upcoming Surface tablet from Microsoft.
While they do not have many numbers on it yet, the company announced its cloud computing technologies at the GPU Technology Conference earlier this year. The mobile and cloud compute tech positions the company “right at the center of the fastest growing segments of computing,” according to Jen-Hsun Huang.
The company’s Professional Solutions Business has not done well for the company, but they are hoping to turn it around with new Tesla products and the planned NVIDIA Maximus technology.
Compared to the previous quarter (Q1 FY13), the company’s operating expenses have increased from $390.5 million to $401.1 million–a 2.7% increase. Fortunately, the company still managed to pull off a 97% increase in net income from $60.4 million to $119 million. Earnings per share have also increased from $.10 to $.19 which is likely to please shareholders. As far as GAAP revenue is concerned, it is up from the $924.9 million of the previous quarter.
Going into the third quarter, NVIDIA expects to see increased revenue between $1.15 billion and $1.25 billion. The company does not expect see any noticeable changes in gross margins. Further, they expect operating expenses to decrease to be approximately $350 million–compared to $401.1 million in the previous quarter.
It seems like desktop graphics and Tegra mobile chips are the company’s big winners this quarter. The increased expected revenue is likely NVIDIAs expectation that it will sell more GeForce graphics cards once the mid-range Kepler cards are more fleshed out. Overall, it looks like things are good for NVIDIA.
You can listen to the full conference call here.