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.
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