Nvidia turned in more record results for Q3 of its fiscal 2018

— 3:50 PM on November 9, 2017

Nvidia's financial results for the third quarter of its fiscal 2018 are in. The company reported another record quarter with $2.64 billion in GAAP revenue, up 32 percent from a year ago. The company made $895 million in operating income, up 40% year-on-year. Net income was $838 million, up 55% year-on-year. Earnings per share rose 60% year-on-year to $1.33. Gross margin was 59.5%, up half a percentage point from a year ago.

As one would expect, the company made the lion's share of its revenue—$2.22 billion—from its GPU businesses. Of that, GeForce gaming GPUs accounted for $1.56 billion, and the company says that adoption of its Pascal products remains strong. Data-center GPUs accounted for $501 million, up 109% year-on-year, thanks in part to shipments of Nvidia's Volta GPU. Professional visualization products brought in $239 million, up 15% year-on-year.

The Tegra SoC business brought in $419 million in revenue, up 74% year-on-year. That revenue includes proceeds from the Nintendo Switch and its associated development services. Automotive revenue tallied up to $144 million, up 13% on the year. That business includes infotainment systems, Drive PX systems, and revenue from development agreements for self-driving cars.

For the fourth quarter of its fiscal 2018, Nvidia expects revenue of $2.65 billion, plus or minus two percent, and gross margin of 59.7 percent, plus or minus half a percentage point.

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