- Jun 18, 2009
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NOTE: TITLE SHOULD HAVE SAID "NVIDIA QUARTERLY PROFITS DISAPOINT" ....feel free any mods to change it!
Nvidia released quarterly numbers today and the market is not taking it well. Looks like Nvidia shares dropped over 10% today and are down further in aftermarket trading.
However, best as I can tell, Nvidia actually beat analyst expecatations but was punished anyways:
"Adjusted earnings of $0.27 per share were well ahead of analyst expectations, and revenue beat forecasts as well. Despite the beat, shares were getting beaten, down 8%."
Summary Points:
---Revenue increased 8.5 percent to $962.0 million from the previous quarter.
---GAAP net income was $135.2 million, or $0.22 per diluted share. Non-GAAP net income was $165.7 million, or $0.27 per diluted share.
---GAAP gross margin increased to 50.4 percent, a third consecutive quarterly record. Non-GAAP gross margin increased to 50.6 percent.
---Spent $231 million dollars this quarter for R&D
---Revenue by type: GPU: $637 million, Professional Solutions (Tesla, Quaddro): $201 million, Consumer products (Tegra): $122 million
The only thing that really jumped out at me is Nvidia's R&D budget, my understanding from reading AMD's press release is that they dont spend anywhere near this on R&D, as the whole of AMD spent $367 million in the same quarter.
Nvidia released quarterly numbers today and the market is not taking it well. Looks like Nvidia shares dropped over 10% today and are down further in aftermarket trading.
However, best as I can tell, Nvidia actually beat analyst expecatations but was punished anyways:
"Adjusted earnings of $0.27 per share were well ahead of analyst expectations, and revenue beat forecasts as well. Despite the beat, shares were getting beaten, down 8%."
Summary Points:
---Revenue increased 8.5 percent to $962.0 million from the previous quarter.
---GAAP net income was $135.2 million, or $0.22 per diluted share. Non-GAAP net income was $165.7 million, or $0.27 per diluted share.
---GAAP gross margin increased to 50.4 percent, a third consecutive quarterly record. Non-GAAP gross margin increased to 50.6 percent.
---Spent $231 million dollars this quarter for R&D
---Revenue by type: GPU: $637 million, Professional Solutions (Tesla, Quaddro): $201 million, Consumer products (Tegra): $122 million
The only thing that really jumped out at me is Nvidia's R&D budget, my understanding from reading AMD's press release is that they dont spend anywhere near this on R&D, as the whole of AMD spent $367 million in the same quarter.