View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 17, 2010

Nvidia revenue more than doubles in Q4

Expects gross margin to be in the range of 44 to 45% for Q1

By CBR Staff Writer

Nvidia has reported revenue of $982.5m for the fourth quarter of fiscal 2010, more than double compared to $481.1m in the same period a year ago. Revenues increased 9% sequentially.

The company’s gross margin increased to 44.7% from 43.4% for the third quarter of fiscal 2010 and 29.4% in the same period last year. Operating income for the quarter increased to $134.28m from operating loss of $175.08m for the same period a year ago.

For the fourth quarter ended January 31, 2010, the company posted a net income of $131.1m, or $0.23 per diluted share compared to a loss of $147.7m, or $0.27 per share, in the same period a year earlier.

For full fiscal year 2010, the company reported revenue of $3.3bn, a decrease of 3%, compared to $3.4bn for the fiscal year ended Jan. 25, 2009. Operating loss was $98.9m compared to $70.7m. Net loss was $68m, or $0.12 per share compared to a loss of $30m, or $0.05 per share in the last fiscal.

Jen-Hsun Huang, president and chief executive officer of Nvidia, said: Nvidia’s business continued to accelerate in the fourth quarter, with strong demand in our PC and workstation markets. While the yield of chips made using the latest 40nm process has improved significantly, demand continues to exceed our constrained supply.

“Looking ahead this year, we are excited to raise the bar again with our next-generation Fermi GPU architecture; our Tegra mobile processor will enable a new class of amazing mobile devices like tablets; and our 3D Vision glasses and accompanying technology will bring a whole new dimension to personal computing.

Nvidia anticipates revenue to be flat from the fourth quarter to the first quarter of fiscal 2011, gross margin is expected to be in the range of 44 to 45%. Operating expenses for the first quarter of fiscal 2011 are expected to be flat at approximately $305m.

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU