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The Financial Results Thread

those numbers are not comparable because companies might be employing a different mix of employees and sub-contractors, subcons and outsourced FTEs are not counted as employees, but then the FTE contribution in terms of labor is still the same - business/revenue mix might be another big reason
 
0h_no_not_again said:
I dunno... The fact operating expenses are up 30% and operating income are down 77% year on year is pretty astonishing!
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For the unenlightened could you explain what those are please, as in what would operating expenses/incomes be in layman's terms. It seems like it's what it's costing them to run the company but then that doesn't make sense as you don't get an income from purely running a company do you, so is it more like a total that includes what you sold or something?
 
Murphy said:
For the unenlightened could you explain what those are please, as in what would operating expenses/incomes be in layman's terms.
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Operating expenses are literally the cost of doing business, unavoidable costs for the most part. Operating income is usually the profit made after taking away the expenses, unusually the biggest one being cost of goods sold, but can be R&D in the case of a company like Nvidia. That is how operating income can be down as it is a measure of sold goods inside of that measurement.
 
So it's like an overall cost / profit thing? It's costing them more to run their business and they're making less money from selling stuff.

Although I'm at a bit of a loss as to how that's different than revenue. :o
 
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Murphy said:
Although I'm at a bit of a loss as to how that's different than revenue.
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The COGS is the cost to make those goods, the revenue is the money generated from the goods and services including the profit on top of the goods.

So if you were a potter, for example, and you bought some clay at £20, hired a wheel and kiln for the day at £50, and paid £10 for the glaze and made 20 items, each item would have cost you £80/20 = £4 less your time as well. If you sold only 15 of those items at a market stall the next day, which cost you £20 to hire for a table, and each item sold for an average of £15, your revenue would be £225, but your operating expenses would have been £100, and your operating income £125 (and you still have stock remaining).

So the revenue figure is the total amount brought in, for that quarter, and the operating income takes away your costs not including profits, to add further this is because a cost is already there for goods created without guaranteed future sales/revenue, like all the unsold GA102's they made, so have a cost associated with them, but they are sat around waiting to become revenue/income.
 
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Update on GPU market from Jon Peddie

Sales this year is down 31% but AMD is the worst as their sales are down 68%. Nvidia sales dropped 25%. This large discrepancy between sales has lead to AMD to lose half its market share as AMD share of GPU market changed from 20% to 10% in the span of 12 months. Intel has started making inroads and Intel desktop GPUs now make up 4% of all GPU sales


www.fool.com

AMD Is the Big Loser in the Graphics Card Market | The Motley Fool

Unit shipments plunged industrywide, but AMD was the worst performer by far.
www.fool.com www.fool.com
 
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This gave me a chuckle...
...disruptions in the supply chain and the time needed to make corrections in the overly enthusiastic production commitments left most suppliers with more inventory than anticipated...there was a serious loss of common sense and historical perspective exhibited by many suppliers that has come home to roost."
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Serious loss of common sense seems to sum up the current state of the GPU market perfectly.
 
Grim5 said:
Update on GPU market from Jon Peddie

Sales this year is down 31% but AMD is the worst as their sales are down 68%. Nvidia sales dropped 25%. This large discrepancy between sales has lead to AMD to lose half its market share as AMD share of GPU market changed from 20% to 10% in the span of 12 months. Intel has started making inroads and Intel desktop GPUs now make up 4% of all GPU sales


www.fool.com

AMD Is the Big Loser in the Graphics Card Market | The Motley Fool

Unit shipments plunged industrywide, but AMD was the worst performer by far.
www.fool.com www.fool.com
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Does any of this seem right?

In 2021 Nvidia's sales increased 80% due to mining, but they have only fallen 25% from that in 2022, this with RTX 3000 series stock sitting on shelves collecting dust everywhere. And Nvidia's revenue has fallen 40% on 2021.

AMD's GPU's are in constant in and out of stock cycles, Their revenues are up on 2021.... and yet their sales have fallen 70%, while Intel have had one batch of stock and then never again, but they are now selling half as many GPU's as AMD, with no stock to sell and tanking revenues.

Its like a complete inversion from what's actually happening on the ground.

I do wonder about JPR sometimes, i wonder if they are making up narratives depending on what's requested from them. A bit like the BBC.
 
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arknor said:
why do people read motley fool, seeking alpha, yahoo etc trash articles that are only designed to push a stock one way or the other.

they are just shill sites
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Exactly, i do read Seeking Alpha a lot and can confirm its an absolute cesspit of people trying to push stock values one way or another, i don't think JPR are any different, frankly, they are stock influencers for hire.

Steam Hardware Survey, all of AMD's GPU's are in positive growth, half of Nvidia's are in decline, Intel ARC still don't even register.

 
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Murphy said:
This gave me a chuckle...

Serious loss of common sense seems to sum up the current state of the GPU market perfectly.
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Okay, but it certainly is something vendors should be called out on. It's not like all of them have never seen the boom & bust of mining demand before so it's hard to see how they didn't see this coming. We certainly all did!

Sales people just can't help themselves predicting that the good times are here to stay despite all evidence to contrary. In this case it's only GPUs but bubbles have been so common in so many markets that is should almost be the first (and possibly most important) thing anyone needs to know about finance. People who are dependent on commisions for sale targets should not be the sole people responsible for predicting future demand!
 
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KompuKare said:
Okay, but it certainly is something vendors should be called out on. It's not like all of them have never seen the boom & bust of mining demand before so it's hard to see how they didn't see this coming. We certainly all did!

Sales people just can't help themselves predicting that the good times are here to stay despite all evidence to contrary. In this case it's only GPUs but bubbles have been so common in so many markets that is should almost be the first (and possibly most important) thing anyone needs to know about finance. People who are dependent on commisions for sale targets should not be the sole people responsible for predicting future demand!
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According to JPR Nvidia are still in that mining boom, and yet their "Gaming GPU revenues" are down 51% on last year, AMD are up 29%.

Explain that JPR :D
 
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