Nvidia has revealed its financial reports for the second quarter of the financial year, and by all accounts the hardware manufacturing is looking healthier than ever.
The company has reported a record revenue of $1.43 billion in the period between 1 May and 31 July, a 24% increase over the same period last year.
So why is Nvidia making so much money? The biggest reasons are:
- Introduced the first four members of its Pascal family of gaming GPUs: NVIDIA GeForce GTX 1080 and 1070, which have set records for speed and power efficiency; GTX 1060, which delivers immersive VR at strong value; and TITAN X, the most powerful consumer GPU ever built.
Unveiled Quadro P6000 to power the most advanced workstations, enabling designers to manipulate complex designs up to twice as fast as before.
Refreshed NVIDIA DesignWorks and NVIDIA VRWorks with new SDKs and updates that bring developers enhanced capabilities for interactive ray tracing, 360-degree video stitching and streaming and physically based materials.
- Released its first game, NVIDIA VR Funhouse, which uses enhanced graphics, interactive audio and simulated physics to bring a new level of immersion to VR.
- Released NVIDIA Ansel, an in-game 360-degree capture tool, which enables gamers to take and share screenshots of their favorite in-game moments.
Going forward, Nvidia’s outlook for the third quarter of 2017 is as follows:
- Revenue is expected to be $1.68 billion, plus or minus two percent.
- GAAP and non-GAAP gross margins are expected to be 57.8 percent and 58.0 percent, respectively, plus or minus 50 basis points.
- GAAP operating expenses are expected to be approximately $530 million. Non-GAAP operating expenses are expected to be approximately $465 million.
- GAAP and non-GAAP tax rates for the third quarter of fiscal 2017 are both expected to be 21 percent, plus or minus one percent.
- Capital expenditures are expected to be approximately $35 million to $45 million.
Do you own one of Nvidia’s new Pascal cards? Let us know in the comments below and in our forums.