Nvidia has once again managed to beat expectations and report an impressive financial report for its last quarter, with US $1.94 billion in revenue, up by 48 percent compared to the last year and down by 11 percent compared to the previous quarter. The gross margin was at 59.4 percent, up by 1.9 percent compared to the last year and down by .6 percent compared to the last quarter. It also reported an operating income of US $554 million, up by 126 percent compared to the last year and net income of US $507 million, up by impressive 126 percent compared to the last year.
The EPS (earnings per share) ended up at $0.79, which is also up by 126 percent compared to the last year when it hit $0.35.
According to details, GPU business brought in most of the cash, with US $1.56 billion in revenue, especially in the gaming and data center markets. Most of the revenue, 52.6 percent, comes from the gaming segment, where Nvidia's Pascal GPU obviously did quite well and the latest Geforce GTX 1080 Ti will probably have an impact on Q2 FY 2018 financial report as well.
Revenue from the datacenter GPU segment also increased by 186 percent, to US $409 million, which is also a good part of Nvidia's business, while Tegra smartphone and tablet business have seen an increase of 24 percent, to US $140 million. Nvidia also got US $43 million from patent-licensing agreements with Intel.
Nvidia expects its Q2 FY 2018 revenue to hit US $1.95 billion (+/- 2%), with a gross margin of 58.4 percent (+/- 0.5%).
During the financial call, Nvidia's CEO, Jen-Hsun Huang, stated that he does not expect any change in the position of the company in the gaming segment during the second half of 2017. This does not come as a big surprise as Nvidia managed to beat AMD in the high-end graphics card market for quite some time and we are yet to see what AMD has to offer with its Vega GPU. Bear in mind that Nvidia still has room to adjust prices if Vega proves to be a threat and, after all, the company is not sitting on its hands as, eventually, Volta GPU will be coming to the consumer GPU market.
The leather jacket-wearing CEO is expected to reveal a bit more information on the Volta GPU during its GTC keynote, which kicks off on today, May 10th at 9:00 a.m. PT. Nvidia will most likely show its new Volta-based GV100 GPU at the keynote, which will be a part of the new Tesla GPU accelerator.