NVIDIA jumps over $1 billion revenue in Q3

Posted on Friday, Nov 09 2007 @ 16:16 CET by Thomas De Maesschalck
Booming sales of notebook GPUs doubled NVIDIA's third quarter revenue to $1.12 billion. NVIDIA had a net profit of $235 million, which is more than twice as much as last year's $106.5 million.

The graphics firm says sales of notebook GPUs increased 120% year-over-year, while desktop GPUs increased 33%.
The Santa Clara, Calif., company rang up $1.12 billion in sales in the three months ended October 28, a 19% sequential increase that crushed the company's own guidance of 5% to 7% growth as well as Wall Street's expectation of $1.01 billion.

The booming demand for graphics processors appears to have surprised Nvidia, which had cautioned that business might begin to cool in the third quarter.

"Our concerns at the beginning of the quarter as to the sustainability of strength we saw in Q2 never manifested," Chief Financial Officer Marvin Burkett told investors in a post-earnings conference call.

And Burkett said the company was largely able to overcome manufacturing limitations during the third quarter, although he noted that Nvidia is still unable to produce enough of certain types of chips to meet demand.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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