NVIDIA Announces Financial Results for Second Quarter Fiscal 2017

SANTA CLARA, CA -- (Marketwired) -- Aug 11, 2016 -- NVIDIA (NASDAQ: NVDA)

  • Record revenue of $1.43 billion, up 24 percent from a year ago -- growth across all platforms
  • GAAP EPS of $0.40. Non-GAAP EPS of $0.53, up 56 percent from a year ago
  • Strong launch of Pascal-based GPUs, growing demand for deep learning

NVIDIA (NASDAQ: NVDA) today reported revenue 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.

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         $0.40    $0.33    $0.05       Up 21%    Up 700%
share                                                                       
----------------------------------------------------------------------------
                                                                            
                                                                            
----------------------------------------------------------------------------
                                  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         $0.53    $0.46    $0.34       Up 15%     Up 56%
share                                                                                                        
----------------------------------------------------------------------------
                                                                                                                                                        
 

1 | 2 | 3 | 4  Next Page »



Review Article Be the first to review this article

EMA:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Retail Therapy: Jump starting Black Friday
Peggy AycinenaIP Showcase
by Peggy Aycinena
REUSE 2016: Addressing the Four Freedoms
More Editorial  
Jobs
AE-APPS SUPPORT/TMM for EDA Careers at San Jose-SOCAL-AZ, CA
ACCOUNT MANAGER MUNICH GERMANY EU for EDA Careers at MUNICH, Germany
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Manager, Field Applications Engineering for Real Intent at Sunnyvale, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Upcoming Events
Zuken Innovation World 2017, April 24 - 26, 2017, Hilton Head Marriott Resort & Spa in Hilton Head Island, SC at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
CST Webinar Series



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy