Caporegime
And they expect us as gamers to pick up some of the margins they are now used to when the whole thing falls flat on its face.
No, #### off!
No, #### off!
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The Financial Results Thread
- Thread starter Kaapstad
- Start date
Interesting that Nvidia make no mention about a possible drop in sales for gaming gpus because of changes in the crypto mining market instead they state, "The shortfall relative to the May revenue outlook of $8.10 billion was primarily attributable to lower sell-in of Gaming products reflecting a reduction in channel partner sales likely due to macroeconomic headwinds."
Rumours of excess stock are now confirmed, "Second quarter results are expected to include approximately $1.32 billion of charges, primarily for inventory and related reserves, based on revised expectations of future demand." It will be interesting to see how much of this excess stock gets to retail at reduced price. However, I do think that a 2060 at £212 is good historic value if you look at the fact that the pound is weaker and yet the 760 launched at around that price with only 2Gb of ram and the 1060 was above that price often.
nvidianews.nvidia.com
Rumours of excess stock are now confirmed, "Second quarter results are expected to include approximately $1.32 billion of charges, primarily for inventory and related reserves, based on revised expectations of future demand." It will be interesting to see how much of this excess stock gets to retail at reduced price. However, I do think that a 2060 at £212 is good historic value if you look at the fact that the pound is weaker and yet the 760 launched at around that price with only 2Gb of ram and the 1060 was above that price often.
NVIDIA Announces Preliminary Financial Results for Second Quarter Fiscal 2023
NVIDIA today announced selected preliminary financial results for the second quarter ended July 31, 2022.
nvidianews.nvidia.com
No it was just a misreporting on their Sec filings, Form 10-Q.
Check AMD's and Nvidia's financial reports, nothing in them about mining. But if you check out AMD's 10-Q reports from back then and now, they mention the unpredictability of the crypto mining. That's why AMD weren't fined then.
Here is the quote from their Sec filings back then.
Nvidia don't have any warning like this in their reports before
However this from their later reports starting in 2021 they have included the warning.
That's it. That's all Nvidia needed in their 2017/2018 reports and they wouldn't have been fined at all.
Apparently it's ok for both AMD and Nvidia to leave out exactly how many GPUs they sold to miners or how much it affected their business as long as they leave a disclaimer in their 10-Q reporting.
won't stop investors asking about it on the earnings calls
Soldato
Unbelievable he can get away with blatant lies, anyone with even a passing interesting in computing knows that Nvidia benefited massively from the Crypto boom. Companies that do this should be fined as % of their revenue creeping up steadily with each new infraction, if the the regulators had the backbone to enforce such as rule then companies like Nvidia wouldn't be so brazen to try and mislead investors.Interesting that Nvidia make no mention about a possible drop in sales for gaming gpus because of changes in the crypto mining market instead they state, "The shortfall relative to the May revenue outlook of $8.10 billion was primarily attributable to lower sell-in of Gaming products reflecting a reduction in channel partner sales likely due to macroeconomic headwinds."
Rumours of excess stock are now confirmed, "Second quarter results are expected to include approximately $1.32 billion of charges, primarily for inventory and related reserves, based on revised expectations of future demand." It will be interesting to see how much of this excess stock gets to retail at reduced price. However, I do think that a 2060 at £212 is good historic value if you look at the fact that the pound is weaker and yet the 760 launched at around that price with only 2Gb of ram and the 1060 was above that price often.
NVIDIA Announces Preliminary Financial Results for Second Quarter Fiscal 2023
NVIDIA today announced selected preliminary financial results for the second quarter ended July 31, 2022.
Soldato
They can but they will just lie and change the story to whatever suits. Here's what Jen said in 2018 Q2 Conference call regarding where Nvidia's products go.
Very confident. However fast for to 2022 and Nvidia CFO Colette Kress came out with the following:
Source
I think there's demand just not at the money hungry levels Nvidia and AMD expect.
may as well just buy a console...
Also they need to start making pc games that push graphics if they want people to upgrade... almost nothing comes out that even warrants an upgrade anymore
may as well just buy a console...
Also they need to start making pc games that push graphics if they want people to upgrade... almost nothing comes out that even warrants an upgrade anymore
Caporegime
If they tell the truth people might pull their money out and that is even worse. (For them)
This is why they lie.
Soldato
Gaming down or mining down?
Caporegime
Caporegime
AMD's revenue segmentation is cryptic.
WTF is a "Client Proccessor" and how does it differ to "Datacentre, Gaming and Embedded" ?
Datacentre should be obvious, or so you would think, it should mean EPYC Proccessors, but it could just as easily include workstation GPU's given they are also used in Datacentre.
Embedded: Tablets, Phones, Cars, Medical equipment.... all that, but could also be Game Consoles, if it is then what is Gaming:
Is that Games Consoles? or do they class that as Ryzen CPU's and Radeon GPU's? or all? OEM like Laptop and pre-builds, is that client or embedded?
FFS.... AMD.
WTF is a "Client Proccessor" and how does it differ to "Datacentre, Gaming and Embedded" ?
Datacentre should be obvious, or so you would think, it should mean EPYC Proccessors, but it could just as easily include workstation GPU's given they are also used in Datacentre.
Embedded: Tablets, Phones, Cars, Medical equipment.... all that, but could also be Game Consoles, if it is then what is Gaming:
Is that Games Consoles? or do they class that as Ryzen CPU's and Radeon GPU's? or all? OEM like Laptop and pre-builds, is that client or embedded?
FFS.... AMD.
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Associate
the business is supposed to be seasonal so we should be really looking at y/y growth, so other than client (also known as oem) things are looking fine
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Caporegime
Right, i don't think this is at all "Bad" from AMD, nothing like as "Bad" has some of the hyperbole on investment forum articles written by people who look like they have lost a crap tonne on Intel because how dare you AMD be comptitive.
Nvidia was down 46% in the last quarter, AMD are down 15% this quarter but up in the last, Intel are looking like they will be down to the tune of similar amounts to AMD, they were also down in the last quarter.
Its a sign of the times, there is a reccessoin coming and its affecting everyone, AMD are still up 8% in Datacentre and up 4% in Embedded., i would like to know if AMD are selling less Consoles, Radeon GPU's, Ryzen CPU's or OEM systems, that's why i find AMD's cryptic revenue segmentation frustrating.
Anywho... $5.6 Billion, just 5 years ago AMD could only dream of pulling that sort of revenue in for a full year let alone a single quarter.
I think AMD will be fine.... hum?
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Associate
by fine i meant there would still be layoffs, but not something that would impact solvency, but there would be layoffs 
Caporegime
by fine i meant there would still be layoffs, but not something that would impact solvency, but there would be layoffs
No... AMD employ 14,500 with an annual revenue of about $23 Billion
Nvidia employ about 20,000 with an annual revenue of about $25 Billion
Intel employ about 120,000 with an annual revenue of about $65 Billion
AMD have the largest revenue capita per head of these three, that's with lower than expected revenues taken in to account, AMD was expecting about $26 Billion full year 2022, its probably down $3 Billion now.
Intel looks pretty bad tho...
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Caporegime
In fact i don't know how Intel do it with $541,666 per head. They are not as comfortable as the keep saying they are.
AMD are $1,586,206 per head
Nvidia $1,250,000 per head
AMD are $1,586,206 per head
Nvidia $1,250,000 per head
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Caporegime
Oh... i know, Intel just got bailed out by the US government to tune of $52 Billion. Thaaaaat's how/ free money curtsey of the taxpayer, and a lot of it.
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