The numbers are in for Nvidia's latest fiscal quarter. While the firm saw both revenue and earnings go down compared to the same quarter a year ago, its revenue of $977.2 million narrowly beat both Nvidia's own guidance ($975 million) and Wall Street's expectations for the quarter ($977.2 million, according to Reuters).
Here are the numbers in full. Note that the second quarter of Nvidia's 2014 fiscal year ended on July 28. (And no, that's not a typo; the company's fiscal years are a year ahead of the calendar, for some reason.)
|Q2 FY'13||Q1 FY'14||Q2 FY'14|
|Revenue||$1,044.3 million||$954.7 million||$977.2 million|
|Net income||$119.0 million||$77.9 million||$96.4 million|
Upbeat as always, Nvidia CEO Jen-Hsun Huang had this to say:
The GPU business continued to grow, driving our fourth consecutive quarter of record margins. . . . We look forward to a strong second half, with new Tegra 4 devices coming to market, SHIELD moving beyond the U.S. and broader sampling of Project Logan, our next-generation Tegra processor, which brings Kepler, the world's most advanced GPU, to mobile.
Looking ahead at the ongoing quarter, Nvidia says it expects revenue to reach $1.05 billion, with gross margin to climb to 56%. Reuters says the revenue forecast is below the $1.09 billion analysts were expecting on average. The figure is also lower than last year's. For reference, Nvidia's revenue and gross margin were $1.20 billion and 52.9%, respectively, for the same quarter a year ago.
|1. Ryszard - $603||2. Hdfisise - $600||3. Andrew Lauritzen - $502|
|4. the - $306||5. SomeOtherGeek - $300||6. Ryu Connor - $250|
|7. Anonymous Gerbil - $150||8. dashbarron - $150||9. webkido13 - $135|
|10. cygnus1 - $126|
|The TR Podcast 185: Honey, I shrunk the Fury||5|
|Friday Night Shortbread||59|
|Run, gun, and murder aliens in 3D Realms' Bombshell||22|
|Light and shadow play together in Calvino Noir||4|
|Go pro with Razer's Wildcat Xbox One controller||8|
|CliffyB returns to the FPS scene with LawBreakers||23|
|There can be only one Headlander||7|
|Deals of the week: Asus' Strix GTX 970 and more||17|
|Chrome will soon block Flash ads and auto-playing background media||36|