NVIDIA today reported revenue of $924.9 million for the first quarter of fiscal 2013 ended Apr. 29, 2012. NVIDIA Profits are down 47.9%
"Kepler GPUs are accelerating our business," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "Our newly launched desktop products are winning some of the best reviews we've ever had. Notebook GPUs had a record quarter. And Tegra is on a growth track again, driven by great mobile device wins and the upcoming Windows on ARM launch.
"Graphics is more important than ever. Look for exciting news next week at the GPU Technology Conference as we reveal new ways that the GPU will enhance mobile and cloud computing," he said.
Outlook Our outlook for the second quarter of fiscal 2013 is as follows:
Revenue is expected to be between $990 million and $1.05 billion.
GAAP gross margin is expected to be 51.2 percent, plus or minus one percentage point. Non-GAAP gross margin is expected to be 51.5 percent, plus or minus one percentage point.
GAAP operating expenses are expected to be approximately $418 million. Non-GAAP operating expenses are expected to be approximately $354 million. GAAP operating expenses for the second quarter are expected to include a one-time charge related to a corporate donation to Stanford Hospital of $25 million, payable over a 10-year period. We are joining Stanford's initiative, along with other corporations in the high-tech community, including Apple, eBay, HP, Intel, Intuit and Oracle, to build a leading-edge health care institution.
GAAP and non-GAAP tax rates are expected to be approximately 20 percent, plus or minus one percent, for the second quarter and fiscal year, excluding any discrete tax events that may occur during the quarter, which, if realized, may increase or decrease our GAAP and non-GAAP tax rates. If the U.S. research tax credit is reinstated into tax law, we estimate our annual effective tax rate for the fiscal year 2013 to be approximately 16 percent.
We estimate depreciation and amortization for the second quarter to be approximately $55 million to $57 million. Capital expenditures are expected to be in the range of $35 to $45 million.
Diluted shares for the second quarter are expected to be approximately 628 million.
First Quarter Fiscal 2013 and Recent Highlights:
NVIDIA launched its new Kepler-architecture GPUs to rave reviews. Products included the GeForce GTX 670, GeForce GTX 680, the dual-GPU GeForce GTX 690, and the notebook range of GeForce 600M GPUs.
The first Ultrabook with an NVIDIA GPU, the Acer Aspire Timeline M3, launched on March 6.
NVIDIA's first Tegra 3 phone launched on Feb. 26, the HTC One X, to wide acclaim in the media. Tegra 3 phones are available from 22 carriers in Europe and Asia.
NVIDIA Fermi based Quadro cards outted - 07/28/2010 10:22 AM
NVIDIA released its line of Quadro graphics cards based on Fermi architecture. NVIDIA issued five products with the Quadro 4000 has 2GB of GDDR5 memory and 256 stream processors (SP). Also, the Quadr...
NVIDIA Forceware 197.13 WHQL - 03/26/2010 07:37 AM
There is not AMD/ATI without NVIDIA and so it is, after the Launch of the new Catalyst 10.3 NVIDIA had just launched the official WHQL Forceware version 197.13, the additions of this new driver are as...
NVIDIA Forceware 197.13 WHQL out for grabs - 03/25/2010 08:10 PM
This is a WHQL driver for GeForce 6, 7, 8, 9, 100, 200, and 300-series desktop GPUs and ION desktop GPUs. We have a discussion thread open on these drivers right here. This driver resolves fan speed i...