Early Nvidia earnings show growth, beat forecasts

[jh30uk]

Nvidia posted earnings for its last fiscal quarter a little early this year. According to the company, "a preliminary draft [of the results] was inadvertently emailed to an internal distribution list of about 100 individuals." Nvidia decided to make the results public as a "precaution."

The numbers look pretty good. Compared to the same quarter a year ago, Nvidia enjoyed 16% revenue growth and 75% profit growth. The Wall Street Journal says the results came in above analysts' expectations, as well.

You'll find the figures in the table below. Keep in mind the first quarter of Nvidia's 2015 fiscal year ended on April 27, 2014. So, no, Nvidia's accountants aren't reporting data from the future.

Nvidia didn't just beat analysts forecasts—it beat its own, as well. Three months ago, Nvidia predicted Q1 FY'15 revenue in the $1.029-1.071 billion range with a gross margin of 54.2%.

I'd love to tell you more about where this unexpected growth came from, and about how much Nvidia expects to make this quarter. Sadly, however, the company is keeping those details under wraps until Thursday—the day it originally planned to post earnings. I guess we'll have to stay tuned.



http://techreport.com/news/26425/early-nvidia-earnings-show-growth-beat-forecasts

 

[Pottsey]

Good numbers but I wonder how much of a loss Tegra made and how much better those numbers would have been if the didn't waste so much on Tegra.

 

[TheRealDeal]

Good numbers but I wonder how much of a loss Tegra made and how much better those numbers would have been if the didn't waste so much on Tegra.

An article i read earlier suggested some of the growth was down to Tegra doing better and Nvidia venturing in to other area's. This article is pretty pointless though as the real results are released tomorrow.

 

[PhysicsMan94]

Good numbers but I wonder how much of a loss Tegra made and how much better those numbers would have been if the didn't waste so much on Tegra.

Even Intel is losing billions in their mobile processor division, I imagine it's the same with quite a few other large companies moving into the mobile computing space. As with most things, it will take time for these companies to start making a profit on their initial investments into this area, remember that it is relatively new so a lot of time and money needs to be poured into the market in order to gain a foothold, but once that foothold is established and the products become more refined then profits will shoot up.

This is probably the case with Nvidia, I expect that their Tegra division will become highly profitable within the next 5 years. We saw the applications of the technology at GDC 2014 and it stretches as far as being implemented into self-piloted car hardware - I can imagine that this kind of technology will be hugely invested into (and thus massively profitable) within the next decade as the entire automobile industry moves towards automation (Google is already accelerating this era).

 

[Gregster]

I am not overly interested in the profits losses of either side but I do like to see both sides doing well, purely so I know I can carry on enjoying my PC gaming experience for the foreseeable future.

Good thread

 

[Rroff]

Even Intel is losing billions in their mobile processor division, I imagine it's the same with quite a few other large companies moving into the mobile computing space. As with most things, it will take time for these companies to start making a profit on their initial investments into this area, remember that it is relatively new so a lot of time and money needs to be poured into the market in order to gain a foothold, but once that foothold is established and the products become more refined then profits will shoot up.

This is probably the case with Nvidia, I expect that their Tegra division will become highly profitable within the next 5 years. We saw the applications of the technology at GDC 2014 and it stretches as far as being implemented into self-piloted car hardware - I can imagine that this kind of technology will be hugely invested into (and thus massively profitable) within the next decade as the entire automobile industry moves towards automation (Google is already accelerating this era).

I actually quite like the current bay trail stuff CPU wise but the GPU side is woeful - if nVidia and Intel got together on an SoC and really kicked the power/heat stuff into line we could see something truly special mobile SoC wise.

 

[PhysicsMan94]

I actually quite like the current bay trail stuff CPU wise but the GPU side is woeful - if nVidia and Intel got together on an SoC and really kicked the power/heat stuff into line we could see something truly special mobile SoC wise.

That is something I would very much like to see, not sure how likely that is to happen any time soon however.

 

[spoffle]

quote removed

he wouldn't have posted it if it said they made a loss.

 

[Pottsey]

Even Intel is losing billions in their mobile processor division, I imagine it's the same with quite a few other large companies moving into the mobile computing space. As with most things, it will take time for these companies to start making a profit on their initial investments into this area, remember that it is relatively new so a lot of time and money needs to be poured into the market in order to gain a foothold, but once that foothold is established and the products become more refined then profits will shoot up.

This is probably the case with Nvidia, I expect that their Tegra division will become highly profitable within the next 5 years. We saw the applications of the technology at GDC 2014 and it stretches as far as being implemented into self-piloted car hardware - I can imagine that this kind of technology will be hugely invested into (and thus massively profitable) within the next decade as the entire automobile industry moves towards automation (Google is already accelerating this era).

How long is taking time? NVidia are 5 generations in now and still miles behind. If anything GDC2014 shows just how far behind they are. I don’t see them becoming profitable anytime soon as they too far behind tech wise over everyone else. All Tegra seems to be doing is dragging down the bottom line.

 

[Rusty0611]

he wouldn't have posted it if it said they made a loss.

To be honest 50% (arbitrary number) of the threads here are either 'kissassery' or threads showing the other vendor to which the OP owns in a bad light.

Edit: to be clear not this OP but OPs in general.

 

[Geeman1979]

To be honest 50% (arbitrary number) of the threads here are either 'kissassery' or threads showing the other vendor to which the OP owns in a bad light.

I'd say the percentage is a lot higher, but do get your point.

 

[PhysicsMan94]

How long is taking time? NVidia are 5 generations in now and still miles behind. If anything GDC2014 shows just how far behind they are. I don’t see them becoming profitable anytime soon as they too far behind tech wise over everyone else. All Tegra seems to be doing is dragging down the bottom line.

To be honest, I don't know an awful lot about the Tegra line-up nor about mobile computing technology as a whole. However, it seems that Tegra K1 is a step in the right direction as Nvidia seems to be targeting high end mobile devices with this mobile chip, devices which may be able to play games on the same graphical level as the "next-gen consoles"; there doesn't seem to be much tech in this market at the moment but demand for more powerful mobile devices is likely quite high I suspect, so a move towards high end mobile device technology could be a good decision from Nvidia.

We shall see in time I guess, K1 is out in devices next year or late this year if I recall correctly.

 

[LtMatt]

To be honest 50% (arbitrary number) of the threads here are either 'kissassery' or threads showing the other vendor to which the OP owns in a bad light.

We wouldn't have it any other way.

The finance threads are of little interest to me though so i keep out. I appreciate ive just broken that rule by replying to you but this is the exception. I now bid you good day sir.

 

[Pottsey]

To be honest, I don't know an awful lot about the Tegra line-up nor about mobile computing technology as a whole. However, it seems that Tegra K1 is a step in the right direction as Nvidia seems to be targeting high end mobile devices with this mobile chip, devices which may be able to play games on the same graphical level as the "next-gen consoles"; there doesn't seem to be much tech in this market at the moment but demand for more powerful mobile devices is likely quite high I suspect, so a move towards high end mobile device technology could be a good decision from Nvidia.

We shall see in time I guess, K1 is out in devices next year or late this year if I recall correctly.

The thing is its specs are massively behind the competition in some areas over 3 times lower. I will be very surprised if it makes its way into any high end mobiles. I just don't see anything going for it. There is a reason Tegra has under 1% market share, its rubbish.

 

[Sliver]

I am not overly interested in the profits losses of either side but I do like to see both sides doing well, purely so I know I can carry on enjoying my PC gaming experience for the foreseeable future.

Good thread

^This

Nice to know that Nvidia are doing well. However, their published profits won't affect me when it comes to buying a card. If it's green it's mean and that's good enough for me.

 

[tayto_0]

Phew! That's a relief. I couldn't sleep a wink last night i was worried sick...

 

[Rroff]

The thing is its specs are massively behind the competition in some areas over 3 times lower. I will be very surprised if it makes its way into any high end mobiles. I just don't see anything going for it. There is a reason Tegra has under 1% market share, its rubbish.

Reason it has such low market share is due to being late/under-delivering on promises rather than the quality good or bad of the product itself. They have the basics down now though so the next round will really show if they can capitalise on that or not.

 

[spoffle]

Reason it has such low market share is due to being late/under-delivering on promises rather than the quality good or bad of the product itself. They have the basics down now though so the next round will really show if they can capitalise on that or not.

In general Tegra has been poor in terms of performance, and as usual the way nVidia dealt with it was to put up software restrictions and pay developers to make games as Tegra exclusive. The chainfire drivers that allowed Tegra only games to run on non - Tegra hardware without any issues demonstrates this

 

[drunkenmaster]

Reason it has such low market share is due to being late/under-delivering on promises rather than the quality good or bad of the product itself. They have the basics down now though so the next round will really show if they can capitalise on that or not.

Under delivering on promises is HUGE, media tek and others are making many very low cost chips that aren't fast. A7/a9 devices sell by the hundreds of millions, Nvidia has a much much faster chip than most of those yet can't sell that many. Not delivering what you promise is the difference between a design win going in to full production or not.

After years of failed promises people aren't making design wins any more and Nvidia's way to fix that is... continued misinformation, which could be fairly accurately and fairly described as lying.

Putting 5W and 326flops all over the place during the K1 announcement, constantly saying both figures in the same sentence led 95% of people reading, press included to believe 326flops @ 5W, more recent(and truthful shockingly) slides put the chip delivering 290gflops at 10-11W, which changes it from class leading chips to same as the rest but chips that will be obsolete 3 months after they are available.

Same with T 3, make a A9 quad on 40nm get to market a few months before everyone brings 28nm a15's, t3 looked okay for 3 months then pathetic and got one major design win. Is it more likely nvidia learned or Google learned from that. This time around K1 very very late in the life of 28nm, months before others launch 20nm A57 chips, the architecture alone is 20-40% faster depending on workload and on a better process. K1 will be obsolete shortly after launch, would Google choose a K1 or wait 3 months for a better chip?

Nvidia aren't learning, just trying to find new markets for chips that use too much power. Battery tech didn't suddenly make 10W okay in mobile devices, to the point where Nvidia demoed K1 in an almost 30" AIO device rather than showing off their phone or tablet which would either be bricks and faster, or same as everyone else at 28nm but without anywhere near the 300gflops they were suggesting.

K1 looks a bit of a joke, wrong chip, wrong targets, wrong time. As with the previous gens, they are spending time/effort on a chip which prevents time/effort being put in other newer chips.

Nvidia generally don't learn.

Mullins, both in outright performance, performance/watt, idle power usage is a monumental achievement given the range and target of the chips. Intel/Nvidia have achieved exceptionally little while spending much much more on that sub 10W market.

 

[Admiral Huddy]

If members have taken the time to construct and contribute please show some respect by not treading all over them. If you are not interested in the topic, please just hit the back button. Easy as that.