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NVIDIA Corp. Reports Operating Results (10-Q)

November 19, 2012 | About:
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10qk

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NVIDIA Corp. (NVDA) filed Quarterly Report for the period ended 2012-10-28.

Nvidia Corporation has a market cap of $7.05 billion; its shares were traded at around $11.68 with a P/E ratio of 13.6 and P/S ratio of 1.8. Nvidia Corporation had an annual average earning growth of 3.4% over the past 10 years.

Highlight of Business Operations:

Revenue was $1.20 billion for our third quarter of fiscal year 2013, compared to $1.07 billion for our third quarter of fiscal year 2012, which represents an increase of approximately 12.9%. A discussion of our revenue results for each of our operating segments is as follows:

GPU business revenue increased by approximately 3.5% to $1.99 billion for the first nine months of fiscal year 2013, compared to $1.92 billion for the first nine months of fiscal year 2012. GPU revenues increased due to richer product mix driven by sales of our high-end desktop 28 nanometer Kepler products, offset slightly by a decrease of mainstream desktop sales. Notebook revenues also increased as a result of strong design wins based on Intel's Ivy Bridge platform. Additionally, the first nine months of fiscal year 2013 included the full impact of nine months of revenue from the cross licensing arrangement with Intel, while the first nine months of fiscal year 2012 only included seven months of the corresponding revenue. Offsetting these increases were decreases in revenues from our MCP chipsets as these products approach their end of life.

PSB. PSB revenue decreased by approximately 4.2% to $220.6 million in the third quarter of fiscal year 2013, compared to $230.3 million in the third quarter of fiscal year 2012, and decreased by 2.0% to $629.5 million for the first nine months of fiscal year 2013, compared to $642.4 million for the first nine months of fiscal year 2012. These decreases were mainly due to lower sales of our Quadro products, which have been challenged by the macroeconomic environment including weak economic conditions in Europe and softness in other geographies. Conversely, sales of our Tesla products were up in both the third quarter and first nine months of fiscal year 2013, driven largely by the first shipments of our new Kepler-based Tesla products to Oak Ridge National Laboratory in connection with the build of their new Titan supercomputer.

Revenue from sales to customers outside of the United States and Other Americas accounted for 72% and 75% of total revenue for the third quarter of fiscal years 2013 and 2012, respectively, and were 75% and 79% of total revenue for the first nine months of fiscal years 2013 and 2012, respectively. Revenue by geographic region is allocated to individual countries based on the location to which the products are initially billed even if the revenue is attributable to end customers in a different location.

Revenue from significant customers, those representing 10% or more of total revenue, was approximately 14% and 12% of our total revenue from one customer for the three and nine months ended October 28, 2012, respectively. Revenue from significant customers, those representing 10% or more of total revenue, was approximately 11% of our total revenue from one customer for the three and nine months ended October 30, 2011.

Read the The complete Report

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