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MSI reports strong Q3 earnings

by on15 November 2016

74 percent revenue upswing from previous quarter

In the third quarter of 2016, MSI reported some rather strong revenues increasing 74 percent from the second quarter and 41 percent year on year.

The company reported net profits of NT $1.612 billion ($50.34 million) in the third quarter, while earnings per share (EPS) stood at NT $1.91 versus NT $1.35 a year earlier. For October, revenues were NT $9.382 billion, down 14.6 percent for the month but up 20 percent for the year.

The company is now on the eve of celebrating its 30th anniversary and is currently doing a hardware giveaway on its site throughout the 30 days of November. On Friday it announced the VR One, a gaming PC-in-a-backpack that is basically a high-end PC housed inside a wearable casing. The device allows a wearer to connect a virtual reality headset and play games without tripping over wires for about 90 minutes at a time.

Back in August, the company announced ten 14-inch to 18-inch gaming notebooks based on Nvidia Geforce 10 Series GPU under four product lineups – GT, GS, GE and GP. These notebooks range from the ultra-thin and light GS63VR Stealth Pro weighing in at 3.96lbs (1.8kg) and using a single GTX 1060 with a Core i7 6700HQ, to the flagship 18.4-inch GT83VR Titan SLI weighing in at 10.36lbs and featuring up to GTX 1080 SLI with a Core i7 6820HK CPU.

It appears that Nvidia Pascal notebook GPUs have given MSI a noticeable surge in sales performance over the past quarter, and it remains to be seen if the momentum can keep up, going into the holiday shopping season.

Last modified on 15 November 2016
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