Pascal propels Nvidia third-quarter revenue to new heights


— 5:07 PM on November 10, 2016

Nvidia enjoyed another banner quarter as it posted $2 billion in revenue, up 54% year-on-year, and operating income of $639 million, up 161% year-on-year, for the third quarter of its fiscal 2017. The company said its revenue, gross margin, and earnings all set records, thanks to a fully-ramped Pascal GPU lineup for gaming, deep learning, and computer vision.

  Q3 FY 17 Q3 FY 16 Change
Revenue $2 billion $1.3 billion up 54%
Operating expenses $544 million $509 million up 11%
Operating income $639 million $245 million up 161%
Net income $542 million $246 million up 120%
Gross margin 59% 56.3% up 2.7%
Diluted EPS $0.83 $0.44 up 89%

Nvidia CEO Jen-Hsun Huang was especially proud of the company's success in the deep learning market. He touts the versatility of the company's GPUs for running every major AI framework, and he says that cloud services from Amazon, IBM, Microsoft, and Alibaba have all adopted Nvidia's deep learning platform. For the fourth quarter of its fiscal 2017, Nvidia expects revenue of $2.1 billion, plus or minus 2%.

 
   
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