Subject: General Tech | May 11, 2012 - 11:38 AM | Jeremy Hellstrom
Tagged: sales, Q2, nvidia, kepler
NVIDIA made $925m this quarter down from the $1,002m they made 12 months ago and profit is even dimmer with profits falling from $137m to a hair over $60m. This marks the third year NVIDIA's Q1 revenue has been less than in the previous year and that is going to deeply trouble investors. Even if GTX680s and 690s had flooded the market and were sitting on store shelves hoping that someone would come along and buy them that would not have helped sales in the first quarter, though if Kepler had been released early and in great quantities NVIDIA might have turned this distressing trend around.
Q2 could be peachy, three models of GTX670 are still available at NewEgg after the initial sales and if the GTX680's production can be ramped up without much in the way of associated costs we could see some nice financials in the summer. After all they do have the best cards on the market right now. Hit up The Inquirer for more.
"Nvidia is on a high after a successful Kepler GPU launch but its financials paint a very different picture. The firm's first quarter of its 2013 fiscal year yielded revenue of $924.9m, just under four per cent lower than the same period a year previously, however its net income took a beating as profits fell by 55 per cent to $60.4m."
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Boring but Profitable
NVIDIA posted their latest results following the quarter ending on July 31, 2011. Unlike 2010 at this time, NVIDIA posted a strong quarter. Technically this is Q2 FY 2012 for NVIDIA. Last year’s results were pretty dismal with $811 million in gross revenue and a net loss of $140 million. This quarter was much stronger with $1.016 billion in gross revenue, and a healthy $150 million in net income.
This quarter was also up sequentially from last quarter’s $962 million gross revenue and $135 million net income. The only truly interesting thing about the increase is that there really was not very much interesting about it at all. All of the product groups showed either flat performance, or a marginal increase. The largest increases came from the mobile sector, which saw discrete mobile GPUs in laptop sales take a significant gain. Consumer desktop stayed pretty even, though NVIDIA has a much stronger mix of cards stretching from the $100 US mark to above $750 with the GeForce GTX 500 series.
Read the rest of the article after the break.