NVIDIA Announces Financial Results for Second Quarter Fiscal 2018

And still going strong, NVIDIA reported revenue for the second quarter ended July 30, 2017, of $2.23 billion. That would be up 56 percent from $1.43 billion a year earlier, and up 15 percent from $1.94 billion in the previous quarter.



Adoption of NVIDIA GPU computing is accelerating, driving growth across our businesses," said Jensen Huang, founder and chief executive officer of NVIDIA. "Datacenter revenue increased more than two and a half times. A growing number of car and robot-taxi companies are choosing our DRIVE PX self-driving computing platform. And in Gaming, increasingly the world's most popular form of entertainment, we power the fastest growing platforms - GeForce and Nintendo Switch.


"Nearly every industry and company is awakening to the power of AI. Our new Volta GPU, the most complex processor ever built, delivers a 100-fold speedup for deep learning beyond our best GPU of four years ago. This quarter, we shipped Volta in volume to leading AI customers. This is the era of AI, and the NVIDIA GPU has become its brain. We have incredible opportunities ahead of us," he said.

 
GAAP
($ in millions except earnings per share)   Q2 FY18   Q1 FY18   Q2 FY17   Q/Q   Y/Y
Revenue   $2,230   $1,937   $1,428   Up 15%   Up 56%
Gross margin   58.4%   59.4%   57.9%   Down 100 bps   Up 50 bps
Operating expenses   $614   $596   $509   Up 3%   Up 21%
Operating income   $688   $554   $317   Up 24%   Up 117%
Net income   $583   $507   $261   Up 15%   Up 123%
Diluted earnings per share   $0.92   $0.79   $0.41   Up 16%   Up 124%
                     
 
Non-GAAP
($ in millions except earnings per share)   Q2 FY18   Q1 FY18   Q2 FY17   Q/Q   Y/Y
Revenue   $2,230   $1,937   $1,428   Up 15%   Up 56%
Gross margin   58.6%   59.6%   58.1%   Down 100 bps   Up 50 bps
Operating expenses   $533   $517   $448   Up 3%   Up 19%
Operating income   $773   $637   $382   Up 21%   Up 102%
Net income   $638   $533   $313   Up 20%   Up 104%
Diluted earnings per share   $1.01   $0.85   $0.53   Up 19%   Up 91%
                     



Capital Return
During the first half of fiscal 2018, NVIDIA paid $758 million in share repurchases and $166 million in cash dividends. For fiscal 2018, NVIDIA intends to return $1.25 billion to shareholders through ongoing quarterly cash dividends and share repurchases.NVIDIA will pay its next quarterly cash dividend of $0.14 per share on September 18, 2017, to all shareholders of record on August 24, 2017.

NVIDIA's outlook for the third quarter of fiscal 2018 is as follows:

Second Quarter Fiscal 2018 Highlights

Datacenter:

Gaming:

Professional Visualization:

Automotive:

Edge Computing:

NVIDIA Announces Financial Results for Second Quarter Fiscal 2018



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