NVIDIA drops $163 million in generated revenue
Subject: General Tech | May 19, 2011 - 03:35 PM | Jeremy Hellstrom
Tagged: nvidia, quarter, income
We have been discussing the changes to the graphics market on the front page and on the Podcast, and as expected NVIDIA's income has shrunk. Last year NVIDIA was generating $800 million but saw revenue drop bu over $100 million, in perspective SemiAccurate pegs their professional graphics division at about $200 million. If NVIDIA is going to be able to keep their R&D team working on chips several generations ahead of the current products on the market, which they need to in order to be competitive, they had better hope that their foray into the mobile chip market is lucrative enough to pay the bills.
"Nvidia (NASDAQ:NVDA) published their results last Thursday topping analyst estimates and six days later the stock was down 10%. What happened?
The numbers were pretty good. Revenue was up and Tegra™ finally started to get traction, more than 3 times up but there are some red lights. First their revenues are down YoY. Second, their GPU business is down YoY and last, but not least, their professional business revenue is more or less flat for the last quarter."
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