Bookmark and Share



As the majority of chip companies are reporting drops in revenues due to weak economy across the globe, Nvidia Corp. on Thursday reported $1.2 billion in revenue for the third quarter of fiscal 2013, an all-time-record for the company. Nvidia attributes its increase of sales to high demand for its gaming graphics processing units, compute accelerators and Tegra line of mobile system-on-chips.

"Kepler GPUs are winning across the special-purpose PC markets we serve, from gaming to design to supercomputing. Tegra is powering some of the most innovative tablets, phones and cars in the market. […] We have confidence in our businesses and our continued ability to grow. Given our strong financial position and ongoing ability to generate cash, we are well positioned to continue investing in our future," said Jen-Hsun Huang, president and chief executive officer of Nvidia.

Nvidia’s consumer GPU business (includes desktop, notebook, memory, license revenue from patent cross license agreement with Intel, and the ramp-down of chipset products) had revenue of $739.6 million, up 10.7% sequentially and up 14.7% year-over-year.

Demand for Nvidia’s desktop GeForce GTX products remained strong in the third quarter as the company continued the launch of its Kepler-based GPUs. Notebook GPU revenue was at a record level on the strength of its latest generation design wins. Inventory in the channel remained healthy.

License revenue from the patent license agreement with Intel was flat at $66.0 million, unchanged from the previous and year-earlier quarters. Chipset revenue declined to $3.3 million from $7.3 million the previous quarter and $22.4 million a year earlier.

Revenue for Nvidia’s professional solutions business (includes workstation graphics and computing) was $220.6 million, up 12.4% sequentially and down 4.2% year-over-year.

Nvidia Quadro business continued to be challenged in the current quarter by the macroeconomic environment, with weak economic conditions in Europe and softness in other geographies.

Conversely, Nvidia Tesla business was up both sequentially and year-over-year. The increase was largely due to the first shipments of our new Kepler-based Tesla products to Oak Ridge National Labs in connection with the build of their new Titan supercomputer.

Nvidia’s consumer products business (includes Tegra-based smartphone and tablet products, Icera baseband processors and RF transceivers, embedded products, and license, royalty, and other revenue associated with game consoles) earned $243.9 million in revenue, up 35.7% sequentially and 27.6% year-over-year.

The increase was largely attributable to record revenue for Tegra, as the Tegra 3 system-on-chips continued to ship in smartphone and tablet devices.

For the third quarter of fiscal 2013 (ended October 28, 2012) Nvidia earned record revenue of $1.20 billion, up 15.3% from the previous quarter and up 12.9% from a year earlier. The company’s GAAP net income was $209.1 million, whereas gross margins were record 52.9%. Another good news for Nvidia is that its GAAP operating expenses for the third quarter were $384.4 million, below its outlook of approximately $390.0 million, and down from the prior quarter’s $401.1 million.

For the fourth quarter of fiscal 2013 Nvidia expects revenue to be between $1.025 billion and $1.175 billion, GAAP gross margins to be flat relative to the prior quarter at around 52.9% and operating expenses to be approximately $400 million.

Tags: Nvidia, Geforce, Kepler, Business, Tesla, Quadro, Tegra


Comments currently: 18
Discussion started: 11/09/12 09:10:58 AM
Latest comment: 11/26/16 06:11:44 AM
Expand all threads | Collapse all threads


Translation: We are going to sell mid-range Kepler GK104 cards at high prices and still sell in the millions because we know our customers will pay $80-100 for the NV brand name, then release the real flagship Kepler next year and milk the consumers more!

So now we know AMD's Graphics can't win even if they offer better price/performance, higher absolute performance, more overclocking features (higher overclocking headroom, dual-BIOSes for safe flashing and provide free BIOSes to 7950/7970 users with free performance) and game bundles.

PhysX + NV marketing FTW! Good job JHH. Your stock options/bonus are well deserved.
15 0 [Posted by: BestJinjo  | Date: 11/09/12 09:10:58 AM]
- collapse thread

Yup. Did you expect something else.

Not even 0.001% people that use computers do really care about price/performance as long as they have extra 200-400USD to spend on their high end bragging rights rig that will consume 600W power as long as they having new imposed 240fps limit during CodD4 play. And nvidia plays better in those hit game from 2006 because its TWIMTBP title :rofl:

Do you really think even that small percent of people know about of dual-BIOS or what they mean to them ... And how exactly is that number even smaller when it came to fiddle with "their expensive hardware".

So lets be honest people really dont care as long as they can afford themselves to be stupid for sake of bragging rights.

btw. Those insane number increase in GPU sales are probably GK100/GK110 that are used in those subsidized Cray computers. It's nothing better than money for free

12 0 [Posted by: OmegaHuman  | Date: 11/11/12 08:27:09 PM]

Typically, I'm with the majority that read comments like the one above and don't quite understand the rage.

In this case though, imo, he is 100% right.

It's kind of sad, really, if you think about it...but also impressive. nVIDIA, like Apple, shows where consumer wars are won. It's not often in product performance reality, it's in the reality distortion field of marketing and slight design decisions catering to a certain market.
1 1 [Posted by: turtle  | Date: 11/09/12 09:45:13 AM]

show the post
4 13 [Posted by: Azazel  | Date: 11/09/12 07:22:10 PM]
- collapse thread

BoD, please, sell AMD to NV even for nothing. In opposite case we are in risk to lose x86 competition totally.

lol ... you really are crapping. why? Should we praise for another hig price CPU offerings based on crappy x86 just for sake of better competition?

(nVidia) The Way It's Meant To Be Played ... And Clip the Sheeps
12 0 [Posted by: OmegaHuman  | Date: 11/11/12 08:57:09 PM]

show the post
2 13 [Posted by: Azazel  | Date: 11/09/12 08:23:57 PM]

AMD revenue for the third quarter of 2012 is $1.27 billion what is still more than Nvidia's highest revenue of $1.2 billion for the same quarter. Also after cutting 15% workforce their profits should increase.

The previous AMD management made a lot of mistakes by selling low-power GPU division to Qualcomm, ignoring tablets and smartphones markets etc...

But now it looks like Rory is making right decisions by concentrating on the most growing markets of tablets and smartphones and starting to make ARM CPUs.

According to rumours in 2014 AMD can make SOC with 2 X86 and 2 ARM64 CPUs and lots of GPU cores on the same die. Initially in may be only for Servers but later will definitely appear in tablets and smartphones. So on the same tablet or smartphone we'll be able to run both WinX86 and Android, or from WinX86 will run ARM applications in native mode or Vice-Versa, so definitely this chip will be Sales Hit!

If Intel or Nvidia will buy AMD it will be much worse for all of us as less competition will make us pay higher prices for Intel and Nvidia products.
0 1 [Posted by: calzahe  | Date: 11/09/12 10:43:02 PM]
- collapse thread

The previous AMD management made a lot of mistakes by selling low-power GPU division to Qualcomm, ignoring tablets and smartphones markets etc...

They really didnt care about that and we'll never really know what happened behind closed door and why We could swim along with DAMNS PR spun off that "they had no resources to have that kind of Mobile GPU department". But its more likely as DAMNs oriented to servers since 2002 they really didn't care about investing in Imageon (along with paychecks for numerous marketing stuff to serve corporate customers) and Qualcomm really know how to use it. Probably AMD had some kind of deals with them (and some others) long before ATi's purchase was settled.
11 0 [Posted by: OmegaHuman  | Date: 11/11/12 09:01:10 PM]

show the post
2 13 [Posted by: tedstoy  | Date: 11/09/12 11:18:33 PM]

show the post
2 13 [Posted by: Azazel  | Date: 11/10/12 05:24:29 AM]


Add your Comment

Related news

Latest News

Wednesday, November 5, 2014

10:48 pm | LG’s Unique Ultra-Wide Curved 34” Display Finally Hits the Market. LG 34UC97 Available in the U.S. and the U.K.

Wednesday, October 8, 2014

12:52 pm | Lisa Su Appointed as New CEO of Advanced Micro Devices. Rory Read Steps Down, Lisa Su Becomes New CEO of AMD

Thursday, August 28, 2014

4:22 am | AMD Has No Plans to Reconsider Recommended Prices of Radeon R9 Graphics Cards. AMD Will Not Lower Recommended Prices of Radeon R9 Graphics Solutions

Wednesday, August 27, 2014

1:09 pm | Samsung Begins to Produce 2.13GHz 64GB DDR4 Memory Modules. Samsung Uses TSV DRAMs for 64GB DDR4 RDIMMs

Tuesday, August 26, 2014

10:41 am | AMD Quietly Reveals Third Iteration of GCN Architecture with Tonga GPU. AMD Unleashes Radeon R9 285 Graphics Cards, Tonga GPU, GCN 1.2 Architecture