so whats with evga?

[R-T-B]

Hi,
I don't buy that
Nobody else has thrown in the towel because of it
You saying nvidia did more to evga than all others
Hell that's lawyer up time not kill a company time.

What killed them, or rather is killing them, is simple.

It isn't their support model, that has worked excellent for them for years.

It's that they are privately owned and the owner wants to retire but does not want to sell. End of story.

 

[dragontamer5788]

There's nothing wrong with companies shutting down. Its the natural state of affairs: all things eventually die.

The main problem is that EVGA was such a good company to its customers, so it sucks to bid farewell to such a company. I'll probably continue buying their power-supplies at least as they wrap things up.

 

[ThrashZone]

What killed them, or rather is killing them, is simple.

It isn't their support model, that has worked excellent for them for years.

It's that they are privately owned and the owner wants to retire but does not want to sell. End of story.

Hi,
I'd agree with that
Retiring shouldn't really kill a company either though
Sounds like he had no faith in staff if he didn't trust them to carry on while not being active in daily operations.

 

[inquisitor1]

maybe theyre building some suspense for a comeback? or was it confirmed theyre closing shop for good?

 

[dragontamer5788]

maybe theyre building some suspense for a comeback? or was it confirmed theyre closing shop for good?

This is all speculation. But NVidia GPUs were obviously a big part of their company. It was announced some time in the past year or so that EVGA had enough with NVidia and they're cutting ties with NVidia.

Without NVidia GPUs, there's not much for eVGA. Yeah, their power-supplies are good and all but is that really enough to sustain that company?

---------

EDIT: Lets put it this way. If they had a new partnership with AMD or something, they'd surely have announced it by now.

 

[ir_cow]

Evga cut GPU because margins were not there. Jenson doesn't tell vendors the price until product announcement. How are suppose to build a whole product line on guess work? Especially if every launch could bankrupt you. Imagine only getting a 1-5% return for ever unit sold. That is cutting it real close.

I do agree it was stupid to cut basically all product lines instead of refoucing the talent on MBs and memory production. Also while pushing marketing hard on the shift. The PSUs aren't theirs either. Just rebranded stuff. What is left is a keyboard & mouse company. They are now just a shell gutted from within.

 

[R-T-B]

Evga cut GPU because margins were not there. Jenson doesn't tell vendors the price until product announcement. How are suppose to build a whole product line on guess work? Especially if every launch could bankrupt you. Imagine only getting a 1-5% return for ever unit sold. That is cutting it real close.

I do agree it was stupid to cut basically all product lines instead of refoucing the talent on MBs and memory production. Also while pushing marketing hard on the shift. The PSUs aren't theirs either. Just rebranded stuff. What is left is a keyboard & mouse company. They are now just a shell gutted from within.

I own an evga x570 ftw mobo that's closeted right now. Good mobo but they just flat out stopped the bios updates on this when all the nvidia crap hit the fan.

 

[ty_ger]

maybe theyre building some suspense for a comeback? or was it confirmed theyre closing shop for good?

All their talent has already left the company. It would need to be an amazing and expensive comeback to rebuild what has deteriorated and reinstall trust in the company's future for the employee, the partnering suppliers, and the customers.

Without NVidia GPUs, there's not much for eVGA. Yeah, their power-supplies are good and all but is that really enough to sustain that company?

Their power supplies aren't really good any more either. EVGA's power supplies dropped in quality while their competitors improved in quality.

 

[Klemc]

Is my 3060XC one of their less good products ?.. dates from 2022-2 :

EVGA GeForce RTX 3060 XC Review

EVGA engineered a compact dual-slot design with the RTX 3060 XC that will fit all cases. Unlike all other RTX 3060 cards we've tested today, a metal backplate is included. EVGA's card ticks at a rated boost of 1852 MHz, and the cooler features the idle-fan-stop capability.

www.techpowerup.com

 

[chrcoluk]

It is quite clear at this point that they will close. It's just a matter of when. The owner seems to feel like it is the most honorable way to retire even though I'm not sure anybody would agree with him. For now, it seems like they had some long-term manufacturing contracts that they're trying to see out. The only two new products they've released in the last ~year are two power supplies that have been in development for a long time so the contracts were well under way. I think when their contracts are done, EVGA will shut down. They already aren't using their own web-store anymore (just using Newegg/Amazon) and trying to cut back on every department and costly thing they have to try and make the GPU-shortage money they stockpiled last as long as possible. Jacob left a while back (went to Nvidia), who was the voice of the company. Lee, who was product manager for motherboards, among other things, and one of the most helpful folks on the forums, has also left. Kingpin and the motherboard team have left. It seems all they have left is customer support and they're spread pretty thin. People have been asking for BIOS updates for their motherboards (which they promised in the forums a 14th-gen supporting BIOS would be released for z690 and z790 motherboards, but it never was) for months and they have no idea if/when that can happen now.

It is a sad state of affairs.

Their motherboard bios guys have long left, no bios updates if no one there to make them.

Evga cut GPU because margins were not there. Jenson doesn't tell vendors the price until product announcement. How are suppose to build a whole product line on guess work? Especially if every launch could bankrupt you. Imagine only getting a 1-5% return for ever unit sold. That is cutting it real close.

I do agree it was stupid to cut basically all product lines instead of refoucing the talent on MBs and memory production. Also while pushing marketing hard on the shift. The PSUs aren't theirs either. Just rebranded stuff. What is left is a keyboard & mouse company. They are now just a shell gutted from within.

Has there ever been proof of these supposedly unworkable margins?

ASUS for a while were sponsoring Champions League football (soccer for the americans), the partners make decent money. 5% isnt real close either. If the industry thinks 5% is tight profit I think we may have our answer as to why the GPU market is so broken right now.

Without proof of anything here is my speculation, EVGA like other board partners profited big during the previous GPU boom, and when the end of this boom was closing in, the owner decided he made enough to retire and couldnt be bothered to have reduced margins closer to historical average again. Thats it really. Unless some kind of contract or balance sheet gets published backing up claims the business wouldnt have been viable, I will continue with that opinion.

I used an EVGA PSU when testing my 13700k parts.

 

[Bobaganoosh]

Their motherboard bios guys have long left, no bios updates if no one there to make them.

Yup. Kingpin even said on Instagram a few weeks ago he expects no more bios updates on motherboards.

 

[ir_cow]

Has there ever been proof of these supposedly unworkable margins?

"Proof"? Besides one of Gamers Nexus videos quoting EVGa PR saying so, thats the only one I know of. Doesn't mean its factual.

 

[chrcoluk]

"Proof"? Besides one of Gamers Nexus videos quoting EVGa PR saying so, thats the only one I know of. Doesn't mean its factual.

I take anything from a PR rep with a pinch of salt. So for me its up in the air.

I can understand why EVGA owner called it quits, hit the jackpot with the boom, and now can retire early.

However they still had existing products to support so firing motherboard bios guys I wont praise, they should have been kept in place at least for 3-4 years.

 

[inquisitor1]

Jenson doesn't tell vendors the price until product announcement

that guy is a king kunt. I guess then lisa su is a deck haha

 

[neatfeatguy]

Is my 3060XC one of their less good products ?.. dates from 2022-2 :

EVGA GeForce RTX 3060 XC Review

EVGA engineered a compact dual-slot design with the RTX 3060 XC that will fit all cases. Unlike all other RTX 3060 cards we've tested today, a metal backplate is included. EVGA's card ticks at a rated boost of 1852 MHz, and the cooler features the idle-fan-stop capability.

www.techpowerup.com

I don't understand your concern.

Does the card not provide the performance it should? Does it not work? Has it shown signs of failing?

If the card is functioning as it should be, then there is nothing wrong with the card. EVGA didn't make trash products in the last release of their GPUs and then decide to close down and laugh at all the stupid people that continued to buy their products. All of their GPUs are good in terms of build quality and the company still stands behind their products and warranty for said products. Hopefully you have no issues with it and it lasts you as long as you need it to before you move on to something new.

 

[Klemc]

I don't understand your concern.

Does the card not provide the performance it should? Does it not work? Has it shown signs of failing?

If the card is functioning as it should be, then there is nothing wrong with the card. EVGA didn't make trash products in the last release of their GPUs and then decide to close down and laugh at all the stupid people that continued to buy their products. All of their GPUs are good in terms of build quality and the company still stands behind their products and warranty for said products. Hopefully you have no issues with it and it lasts you as long as you need it to before you move on to something new.

Looks good, except fan noisy at times it clicks once or more by minute... certainly what TPU reported in the test !!

 

[P4-630]

so whats with evga?

It seems they're tired of making money.

 

[neatfeatguy]

Looks good, except fan noisy at times it clicks once or more by minute... certainly what TPU reported in the test !!

I can't say I heard anything in terms of unnecessary fan noise from my EVGA 3060 XC when I was using it for gaming for about 4 or 5 months. Luck of the draw, maybe? Just make sure nothing is hitting the fan, like a hanging cable or loose wire.

 

[ty_ger]

If the card is functioning as it should be, then there is nothing wrong with the card. EVGA didn't make trash products in the last release of their GPUs and then decide to close down and laugh at all the stupid people that continued to buy their products. All of their GPUs are good in terms of build quality and the company still stands behind their products and warranty for said products. Hopefully you have no issues with it and it lasts you as long as you need it to before you move on to something new.

Well in the last release of their GPUs, the XC3s did tend to be underperforming products due to a power balancing bug which limited most well before the designed limits. A VBIOS update was released for at least some of the XC3 models to alleviate the issue, but I don't know if anybody ever truly solved their apparent under-performing XC3 concerns using officially approved VBIOS.
And then there was the Rev 0.1 3090 FTW3 which really was a trash product. Higher failure rate and poorly reviewed regarding technical specs for the price.
Then there are all the clicking fans in so many of them.
I would say that EVGA's last GPU lineup was trashier than usual. I think the reported margin squeeze was evident in the product quality reduction.

 

[freeagent]

My 980 Classified and 3070Ti FTW3 Ultra are still chugging along no problem.

Gone but not forgotten

 

[Panther_Seraphin]

And then there was the Rev 0.1 4090 FTW3 which really was a trash product. Higher failure rate and poorly reviewed regarding technical specs for the price.

I assume you mean 3090 as EVGA never released a 40xx series product?

 

[Count von Schwalbe]

ASUS for a while were sponsoring Champions League football (soccer for the americans), the partners make decent money. 5% isnt real close either. If the industry thinks 5% is tight profit I think we may have our answer as to why the GPU market is so broken right now.

???

5% is very low for any industry - even the lowest margin businesses make higher gross profit than that.

Profit margin by industry, gross and net profit margins - FullRatio

Learn about the gross and net profit margins of different industries and gain insights into which industries have the highest and lowest profit margins.

fullratio.com

https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/margin.html

Average Gross Profit Margin by Industry – 22 Years of Data [S&P 500]

Updated 4/21/2023 Gross profit margin is one of the three main margin formulas in a company’s income statement, which measures a company’s efficiency in creating profitability. Gross profit margin, or “Gross Margin”, is basically how profitable a product or service is before you account for the...

einvestingforbeginners.com

 

[Solid State Soul ( SSS )]

This is weird, they had strong PSU presence but nothing as of late, and they could sell AMD and Intel cards if they want , i don't understand why they are so quite, it almost Nvidia had them on a leach

 

[nguyen]

Basically Nvidia is treating all AIBs the same and that hurt the pride of eVGA boss. eVGA boss is rich and want to retire anyways so he's winding down business.

It's the same action as Elon Musk saying G.F.Y to X's advertisers

 

[Bill_Bright]

The owner has already made it clear to those who asked him that he's not interested in selling.

I realize that. But money talks and can be very persuasive at changing minds - especially when there are obligations and liabilities still looming overhead.

You cannot just shutdown a company and walk away when you still have obligations to customers and clients. And a warranty is an obligation. If another company comes in and offers to take over the brand AND honor existing warranty support allowing him to wash his hands of any and all obligations and liabilities, and the price is right, he may jump on that.

Never say never!