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Friday, 09 May 2014 07:43

Nvidia expects strong Q2 sales

Written by Fudzilla staff



$1.1 billion give or take a couple of percent

Two days ago Nvidia made an unusual cock-up. The company accidentally emailed draft Q1 figures to about 100 people on an internal distribution list.

It quickly went into damage control mode and released its Q1 earnings, but the damage was already done. The numbers were good, but investors were taken aback by the lack of forward guidance, so many decided to cash in, thus causing a 2-percent slide in late trading.

The company has finally released the Q2 outlook and it appears there is no reason for concern. Nvidia expects Q2 sales to hit $1.1 billion, in line with analyst expectations. Gross margin is forecast at 54 percent, slightly south of analyst estimates.
The numbers are good, if you factor in seasonality and the fact that Q2 is usually a slow quarter.

Like AMD, Nvidia is looking for growth beyond the PC market. AMD and Nvidia are trying to do the same thing in very different ways. AMD is trying to lessen its reliance on PCs with semi-custom APUs, micro servers and x86 tablet parts. Nvidia is going after the compute market with its GPUs, as well as the automotive and tablet market with ARM-based Tegra parts.

CEO Jen-Hsun Huang says the company is starting to see growth from all three drivers. Huang admitted it has taken some time, but the strategy is finally starting to pay dividends. Growth is starting to accelerate and the margin contribution of Nvidia’s new products is good, said Huang.

Fudzilla staff

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