NVIDIA Financial Results for Second Quarter Fiscal Year 2017
NVIDIA has reported their revenue overview for the second quarter ended July 31, 2016, of $1.43 billion, up 24 percent from $1.15 billion a year earlier, and up 9 percent from $1.30 billion in the previous quarter.
GAAP earnings per diluted share for the quarter were $0.40, compared with $0.05 a year ago and up 21 percent from $0.33 in the previous quarter. Non-GAAP earnings per diluted share were $0.53, up 56 percent from $0.34 a year earlier and up 15 percent from $0.46 in the previous quarter.
"Strong demand for our new Pascal-generation GPUs and surging interest in deep learning drove record results," said Jen-Hsun Huang, co-founder and chief executive officer, NVIDIA. "Our strategy to focus on creating the future where graphics, computer vision and artificial intelligence converge is fueling growth across our specialized platforms -- Gaming, Pro Visualization, Datacenter and Automotive."
"We are more excited than ever about the impact of deep learning and AI, which will touch every industry and market. We have made significant investments over the past five years to evolve our entire GPU computing stack for deep learning. Now, we are well positioned to partner with researchers and developers all over the world to democratize this powerful technology and invent its future," he said.
Capital Return
During the first half of fiscal 2017, NVIDIA paid $509 million in share repurchases and $124 million in cash dividends.
NVIDIA will pay its next quarterly cash dividend of $0.115 per share on September 16, 2016, to all shareholders of record on August 25, 2016.
NVIDIA's outlook for the third quarter of fiscal 2017 is as follows:
- Revenue is expected to be $1.68 billion, plus or minus two percent.
- GAAP and non-GAAP gross margins are expected to be 57.8 percent and 58.0 percent, respectively, plus or minus 50 basis points.
- GAAP operating expenses are expected to be approximately $530 million. Non-GAAP operating expenses are expected to be approximately $465 million.
- GAAP and non-GAAP tax rates for the third quarter of fiscal 2017 are both expected to be 21 percent, plus or minus one percent.
- Capital expenditures are expected to be approximately $35 million to $45 million.
econd Quarter Fiscal 2017 Highlights
During the second quarter, NVIDIA achieved progress in each of its four major platforms:
Gaming:
- Introduced the first four members of its Pascal family of gaming GPUs: NVIDIA GeForce GTX 1080 and 1070, which have set records for speed and power efficiency; GTX 1060, which delivers immersive VR at strong value; and TITAN X, the most powerful consumer GPU ever built.
- Released its first game, NVIDIA VR Funhouse, which uses enhanced graphics, interactive audio and simulated physics to bring a new level of immersion to VR.
- Released NVIDIA Ansel, an in-game 360° capture tool, which enables gamers to take and share screenshots of their favorite in-game moments.
Professional Visualization:
- Unveiled Quadro P6000 to power the most advanced workstations, enabling designers to manipulate complex designs up to twice as fast as before.
- Introduced in partnership with SMI an innovative rendering technique that uses eye tracking to enable developers to create more immersive VR environments.
- Refreshed NVIDIA DesignWorks and NVIDIA VRWorks with new SDKs and updates that bring developers enhanced capabilities for interactive ray tracing, 360° video stitching and streaming and physically based materials.
Datacenter:
- Opened the path to virtualizing all enterprise applications with Tesla M10, providing the industry's highest user density.
- Introduced Tesla P100 GPU accelerator for PCI Express-based servers, delivering substantial performance and value compared with CPU-based systems.
- Unveiled its Inception Program which provides access to NVIDIA technology and expertise to support the growth of startups driving breakthroughs in deep learning and data science.
Automotive:
- Initiated collaborative research in advanced self-driving technology with New York University's pioneering deep learning team.
CFO Commentary
Commentary on the quarter by Colette Kress, NVIDIA's executive vice president and chief financial officer, is available at http://investor.nvidia.com/.
Q2 FY2017 Summary
GAAP | ||||||||||
($ in millions except earnings per share) | Q2 FY17 | Q1 FY17 | Q2 FY16 | Q/Q | Y/Y | |||||
Revenue | $1,428 | $1,305 | $1,153 | Up 9% | Up 24% | |||||
Gross margin | 57.9% | 57.5% | 55.0% | Up 40 bps | Up 290 bps | |||||
Operating expenses | $509 | $506 | $558 | Up 1% | Down 9% | |||||
Operating income | $317 | $245 | $76 | Up 29% | Up 317% | |||||
Net income | $253 | $196 | $26 | Up 29% | Up 873% | |||||
Diluted earnings per share | $0.40 | $0.33 | $0.05 | Up 21% | Up 700% | |||||
Non-GAAP | ||||||||||
($ in millions except earnings per share) | Q2 FY17 | Q1 FY17 | Q2 FY16 | Q/Q | Y/Y | |||||
Revenue | $1,428 | $1,305 | $1,153 | Up 9% | Up 24% | |||||
Gross margin | 58.1% | 58.6% | 56.6% | Down 50 bps | Up 150 bps | |||||
Operating expenses | $448 | $443 | $421 | Up 1% | Up 6% | |||||
Operating income | $382 | $322 | $231 | Up 19% | Up 65% | |||||
Net income | $313 | $263 | $190 | Up 19% | Up 65% | |||||
Diluted earnings per share | $0.53 | $0.46 | $0.34 | Up 15% | Up 56% | |||||
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Senior Member
Posts: 8529
Joined: 2009-11-13
I've done the 970 SLI -> 980Ti -> 980Ti SLI -> 980Ti -> 1080 journey and I'd say that it's worth having a great single GPU over SLI. That's my personal opinion ofc, others may be more lucky than me with SLI.
970 SLI is a tad bit faster than 980Ti and 1080 is some 15-20% faster than 980Ti.
1080 is still not enough to give you 144fps at 1440p in all games but it's closer than 980Ti. I also have an Acer monitor (XB270HU) and I must say that the 1080 has left me a good impression.
Senior Member
Posts: 1348
Joined: 2003-07-12
Yes, you'll get a boost in fps, but not sure if the gains is worth the price for you. Go look up GTX 970SLi benchmarks vs GTX 980Ti's and then compare GTX 980Ti's to GTX 1080 and you'll have your answer