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.
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Unveiled Quadro P6000 to power the most advanced workstations, enabling designers to manipulate complex designs up to twice as fast as before.
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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.
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Why is Nvidia making so much money? I suggest you read the ER before you write your articles. GPU business was worst of all segments… I believe down YOY if memory serves me. Nvidia is having a great year, to say the least, but it is certainly not because of pascal!