NVIDIA's CEO Talks About NV4x Ramp Schedules

Company Delivers Stronger than Expected Financial Results

by Anton Shilov
11/09/2003 | 06:45 PM

NVIDIA Corporation reported its financial results for the third quarter of fiscal 2004 ended October 26, 2003, on Thursday, the 6th of November. The firm’s financial performance appeared to be better than analysts estimated. During the conference call, NVIDIA’s management talked on loads of things, including NV4x GPUs, MCPs and other exciting products.

 

For the third quarter of fiscal 2004, revenue increased to $486.1 million, compared to $430.3 million for the third quarter of fiscal 2003, an increase of 13%.  Net income for the third quarter of fiscal 2004 was $6.4 million, or $0.04 per diluted share, compared to a net loss of $48.6 million, or $0.32 per diluted share, for the third quarter of fiscal 2003. 

The financial results for the third quarter of fiscal 2004 included a charge to operating expense of $3.5 million for the write-off of in-process research and development that resulted from NVIDIA’s acquisition of MediaQ in August 2003, and a charge of $13.1 million to other expense related to the full redemption of NVIDIA’s $300 million of 4.75% Convertible Subordinated Notes in October 2003.

Revenue for the nine months ended October 26, 2003 was $1.35 billion, compared to revenue of $1.44 billion for the nine months ended October 27, 2002.  Net income for the nine months ended October 26, 2003 was $50.3 million, or $0.29 per diluted share, compared to net income of $39.9 million, or $0.24 per diluted share, for the nine months ended October 27, 2002.  The financial results for the nine months ended October 27, 2002 included a charge of $61.8 million that resulted from the exchange of certain out-of-the-money employee stock options.

Highlights of the third quarter, product, design wins, announcements:

Highlights of the third quarter, financials:

Product mix notes for the third quarter:

Expectations for the future, financials:

Expectations for the future, products:

Interesting statements:

NB! We also provide you some figures not said during conference call and not available at the company’s web-site. The figures primarily concerning calendar quarter-on-quarter growth of shipments came from NVIDIA PR last month to reflect the company’s performance in calendar Q3 2003:

Please also check our news-story titled “Mercury Research Details Q3 2003 Graphics Market” to obtain more information on the market share data in the Q3 2003.