Nvidia posts a loss of $120.9 million for Q2 FY2009

[rendezvous]

http://phx.corporate-ir.net/phoenix.zhtml?c=116466&p=irol-newsArticle_print&ID=1186744&highlight=

                              NVIDIA CORPORATION
               CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                    (In thousands, except per share data)
                                 (Unaudited)

                                   Three Months Ended      Six Months Ended
                                   July 27,   July 29,   July 27,    July 29,
                                     2008       2007       2008        2007


    Revenue                        $892,676  $935,253  $2,046,064  $1,779,533

    Cost of revenue                 742,759   511,261   1,381,304     975,403

    Gross profit                    149,917   423,992     664,760     804,130

    Operating expenses:
     Research and development       212,910   157,952     431,740     316,273
     Sales, general and
      administrative                 92,399    81,280     185,433     161,851

         Total operating expenses   305,309   239,232     617,173     478,124

    Operating income (loss)        (155,392)  184,760      47,587     326,006

    Interest and other income,
     net                              8,792    16,091      18,831      28,634

    Income (loss) before income
     tax expense                   (146,600)  200,851      66,418     354,640

    Income tax expense (benefit)
     (A)                            (25,671)   28,119      10,542      49,649

    Net income (loss)             $(120,929) $172,732      55,876     304,991


    Basic net income (loss) per
     share (B)                       $(0.22)    $0.32       $0.10       $0.56

    Diluted net income (loss) per
     share (B)                       $(0.22)    $0.29       $0.09       $0.51

    Shares used in basic per
     share computation (B)          555,417   547,305     555,531     544,275

    Shares used in diluted per
     share computation (B)          555,417   603,830     592,181     600,957

Mods: Please edit year to the correct one (2009) in the topic.

 

[AlphaWolf]

Share price holding (due to buyback program). I guess they would have been profitable if not for the warranty charge, but still down quite a bit from a year ago.

 

[rendezvous]

Share price holding (due to buyback program). I guess they would have been profitable if not for the warranty charge, but still down quite a bit from a year ago.

IIRC $192 Million of the Cost of Revenue are just warranty charges, so with those issues they would have been profitable.

 

[dizietsma]

It will be interesting to note how much more on charges they will have to cover for the next quarter. With the reduction in price of the GT200 series it is a difficult period for nvidia at the moment, how things have changed around. They say a week is a long time in politics.

Even I, who has had nvidia cards since the old Ati 9800Pro is back to ATi again with the 4850. Sign of the times?

 

[trinibwoy]

Even I, who has had nvidia cards since the old Ati 9800Pro is back to ATi again with the 4850. Sign of the times?

Wow, my last ATi card was a 9800Pro too....doesn't seem that long ago.

 

[Sxotty]

And I have nvidia when my last nvidia card was a ti4200

 

[Silent_Buddha]

Still that's a pretty hefty swing from the same 3 month period from a year ago. Down 293,661 USD.

I wonder if they'll be able to recover by the holiday season or not. Looks doubtful at this point, but Nvidia has been resilient in the past.

Regards,
SB

 

[Sxotty]

I don't know that they will, but it seems that this is really bad timing for them considering Intel wants to get in the game now so they will have some fierce competition with AMD and Intel to fight off.


Of course the other way to look at it is that this will be a wake up call in advance. Honestly though I don't think it is a wake up call like the 9800 was. I just think it is them having trouble.

 

[ShaidarHaran]

Of course the other way to look at it is that this will be a wake up call in advance. Honestly though I don't think it is a wake up call like the 9800 was. I just think it is them having trouble.

That was the 9700

 

[Sxotty]

That was the 9700

Yeah that was a brainfart. I guess that was b/c I got a 9500pro then a 9800 that was moddable to 9800pro. My 9500 could not do the 9500-->9700

That was fun when you could turn the x800 into x800pe the nvidia 6 series were upgradeable with rivatuner as well.

I found that much more entertaining than overclocking, just flash and viola done.

 

[ShaidarHaran]

Yeah, gotta love soft-mods! A buddy of mine picked up one of those oh-so-tasty X800 GTO2's and let me use it for awhile when I was on a craptacular X300 SE. X800 XT PE performance for $125 was ridiculously good value!

 

[_xxx_]

[smart-ass mode]

Sxotty: voila. Viola is a violin-like instrument

[/smart-ass mode]

 

[nAo]

[smart-ass mode]

Sxotty: voila. Viola is a violin-like instrument

[/smart-ass mode]

or a flower

 

[Sxotty]

or a flower

or a typo that firefoxe's spellchecker doesn't pick up.

 

[I.S.T.]

or a typo that firefoxe's spellchecker doesn't pick up.