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NVIDIA Reports Financial Results for Second Quarter Fiscal Year 2012

btarunr

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NVIDIA (NASDAQ: NVDA) today reported revenue of $1.02 billion for the second quarter of fiscal 2012 ended July 31, 2011, up 5.7 percent from the prior quarter, and up 25.3 percent from $811.2 million in the same period a year earlier. On a GAAP basis, the company recorded net income of $151.6 million, or $0.25 per diluted share, for the second quarter of fiscal 2012. This includes a two-cent dilutive impact from the Icera acquisition. It compares with net income of $135.2 million, or $0.22 per diluted share, in the prior quarter. In the same period a year earlier, the company had a net loss of $141.0 million, or $0.25 per diluted share.

On a non-GAAP basis -- which excludes stock-based compensation, amortization of acquisition-related intangible assets, other acquisition related costs, and the tax impact associated with these items -- net income was $193.5 million, or $0.32 per diluted share. That compares with net income of $165.7 million, or $0.27 per diluted share, in the prior quarter, and net income of $47.6 million, $0.08 per share, in the same period a year earlier.



GAAP gross margin was 51.7 percent, a fourth consecutive record, compared with 50.4 percent in the previous quarter and 16.6 percent in the same period a year earlier. Non-GAAP gross margin, at 51.9 percent, was also a record, and compares with 50.6 percent in the prior quarter and 39.2 percent in the same period a year earlier.

"We grew solidly this quarter," said Jen-Hsun Huang, NVIDIA president and chief executive officer. "Consumer demand for notebooks powered by our GeForce GPU, with its unique Optimus technology, resulted in record revenue for these products.

"The future of computing is mobile and visual. With Tegra's momentum and our growing GPU businesses, we are ideally positioned to lead the industry forward," he said.

Outlook
Our outlook for the third quarter of fiscal 2012 is as follows:
  • Revenue is expected to be up 4 to 6 percent from the second quarter
  • GAAP and non-GAAP gross margins are expected to be flat
  • GAAP operating expenses are expected to be in the range of $361 million to $366 million; non-GAAP operating expenses are expected to be $319 million to $321 million
  • Our GAAP and non-GAAP tax rates are both expected to be 15 to 17 percent
We estimate depreciation and amortization for the second quarter to be approximately $53 million to $57 million. Capital expenditures are expected to be in the range of $25 to $35 million.

Diluted shares for the third quarter are expected to be approximately 615 million.

Note: this outlook now includes Icera.

Second Quarter Fiscal 2012 and Recent Highlights:
  • NVIDIA completed the Icera acquisition on June 10, 2011.
  • NVIDIA launched the GeForce GTX 580M for gaming notebooks.
  • Optimus, our notebook power-saving technology, is now available through our whole range of GPUs, top to bottom, and across three generations.
  • NVIDIA Tesla processors power the fastest supercomputer in Russia.
  • NVIDIA and its partners launched six new Tegra-based superphones (up from two in the previous quarter), including the Motorola Photon 4G and Samsung Galaxy R; and four new tablets, including the Samsung Galaxy Tab 10.1.
CFO Commentary
Commentary on the quarter by Karen Burns, NVIDIA interim chief financial officer, is available at www.nvidia.com/ir.

View at TechPowerUp Main Site
 
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Did I miss something? :wtf: I thought it was 2011? :confused:
 

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Did I miss something? :wtf: I thought it was 2011? :confused:

many companies have crazy fiscal years. so fiscal year 2012 could start second quarter 2011. they just call the period between then and the end of first quarter 2012 "fiscal year 2012"
 

Benetanegia

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Those companies, when their fiscal year ends and make all the accounting for the year it's 2012 so that's why they have it like that I think.
 
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nVidia - the largest discrete graphics card company in the world - reports their financial earnings in an ascii table.
 
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many companies have crazy fiscal years. so fiscal year 2012 could start second quarter 2011. they just call the period between then and the end of first quarter 2012 "fiscal year 2012"

SO like a legal way of cooking the books so to speak . .. .
 

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cooking the books implies lying about financials and covering it up using some pretty neat accounting tricks. this is not cooking the books.
 
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cooking the books implies lying about financials and covering it up using some pretty neat accounting tricks. this is not cooking the books.

fair enough just seem kinda shady IMO, as one could potentially change a bad year by saying it was for 2012 ect.
 
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There's no way they can change it, or they would have a gap in their financials. Trust me, it's not anything shady. Few companies actually have their fiscal years match calendar years exactly.
 
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think of company fiscal year vs actual year like degrees Kelvin vs degrees Celsius
 
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nVidia - the largest discrete graphics card company in the world - reports their financial earnings in an ascii table.

Because ascii is too cool for you.




 
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