NVIDIA Releases First Fiscal Quarter 2013 (Q1’13) Results

Subject: General Tech | May 9, 2013 - 07:50 PM |
Tagged: tegra 4, nvidia, grid, financial results

NVIDIA has released the results of its first fiscal quarter of 2014. Overall, NVIDIA had a positive first quarter with total revenue of $954.7 million and a net income of $77.9 million. During Q1 2014 the company announced its Grid VCA for enterprise customers and Tegra 4 and Tegra 4i for the mobile market. NVIDIA’s shareholders saw an Earnings Per Share (EPS) of 13 cents, which is up 30% versus the same quarter last year. Interestingly, NVIDIA has announced that it will be returning $1 billion to shareholders through increased dividends and buying back shares.

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Q1 2014 is an interesting quarter, as it is up year over year, but down significantly versus the previous quarter (Q4’13). NVIDIA’s Q1’14 revenue of 954.7 million is up YOY 32% from $924.9 million in Q1’13, but down 13.7% from $1.1 billion in the previous quarter. The dip is likely attributable to the fact that its Q1’14 is the quarter after the holiday rush at the end of Q4. Considering it is still up versus last year, the dip versus last quarter shouldn’t be taken as a bad sign. Net income follows a similar pattern, with net income down 53.2% versus last quarter’s $174 million, but up 29% YOY (Q1’13 net income was $60.9 million).

The financial results seem to indicate that NVIDIA is continuing to grow and remain profitable. According to NVIDIA, the company expects to see operating expenses and revenue increase in Q2’14 to $448 million in and approximately $975 million respectively. Further, NVIDIA expects growth to continue throughout 2014 as it launches new Tegra 4(i) SoCs and expands its server/business offerings with its GRID technologies.

You can find NVIDIA's full financial report on the company's website.

Source: NVIDIA
May 9, 2013 | 09:17 PM - Posted by Anonymous (not verified)

What is most important without special circumstances is this year vs last year same quarter....

May 10, 2013 | 04:19 AM - Posted by Anonymous (not verified)

am I missing something here? It's not 2014 yet

May 10, 2013 | 06:01 AM - Posted by Anonymous (not verified)

I thought PC's were in decline.

May 10, 2013 | 12:17 PM - Posted by aselwyn1

looks like we got a typo 2014 already... lets fix that Ryan or in this case Tim

May 10, 2013 | 01:58 PM - Posted by derz

Think thats correct if they are talking about Fiscal (financial) quarters.

May 10, 2013 | 07:28 PM - Posted by Jeremy Hellstrom

the post has now travelled back in time, thanks!

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May 10, 2013 | 07:49 PM - Posted by Tim Verry

It's NVIDIA's first fiscal quarter of 2014

For the rest of us, it's Q1 2013 :).

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