Nvidia posts a loss of $120.9 million for Q2 FY2009

Discussion in 'Graphics and Semiconductor Industry' started by rendezvous, Aug 12, 2008.

  1. rendezvous

    Regular

    Joined:
    Jun 12, 2002
    Messages:
    347
    Likes Received:
    12
    Location:
    Lund, Sweden
    http://phx.corporate-ir.net/phoenix.zhtml?c=116466&p=irol-newsArticle_print&ID=1186744&highlight=

    Code:
    
                                  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.
     
    #1 rendezvous, Aug 12, 2008
    Last edited by a moderator: Aug 12, 2008
  2. AlphaWolf

    AlphaWolf Specious Misanthrope
    Legend

    Joined:
    May 28, 2003
    Messages:
    8,476
    Likes Received:
    325
    Location:
    Treading Water
    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.
     
  3. rendezvous

    Regular

    Joined:
    Jun 12, 2002
    Messages:
    347
    Likes Received:
    12
    Location:
    Lund, Sweden
    IIRC $192 Million of the Cost of Revenue are just warranty charges, so with those issues they would have been profitable.
     
  4. dizietsma

    Banned

    Joined:
    Mar 1, 2004
    Messages:
    1,172
    Likes Received:
    13
    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?
     
  5. trinibwoy

    trinibwoy Meh
    Legend

    Joined:
    Mar 17, 2004
    Messages:
    10,430
    Likes Received:
    433
    Location:
    New York
    Wow, my last ATi card was a 9800Pro too....doesn't seem that long ago.
     
  6. Sxotty

    Veteran

    Joined:
    Dec 11, 2002
    Messages:
    4,891
    Likes Received:
    344
    Location:
    PA USA
    And I have nvidia when my last nvidia card was a ti4200 :)
     
  7. Silent_Buddha

    Legend

    Joined:
    Mar 13, 2007
    Messages:
    16,139
    Likes Received:
    5,074
    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
     
  8. Sxotty

    Veteran

    Joined:
    Dec 11, 2002
    Messages:
    4,891
    Likes Received:
    344
    Location:
    PA USA
    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.
     
  9. ShaidarHaran

    ShaidarHaran hardware monkey
    Veteran

    Joined:
    Mar 31, 2007
    Messages:
    3,984
    Likes Received:
    34
    That was the 9700 ;)
     
  10. Sxotty

    Veteran

    Joined:
    Dec 11, 2002
    Messages:
    4,891
    Likes Received:
    344
    Location:
    PA USA
    :lol:
    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.
     
  11. ShaidarHaran

    ShaidarHaran hardware monkey
    Veteran

    Joined:
    Mar 31, 2007
    Messages:
    3,984
    Likes Received:
    34
    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!
     
  12. _xxx_

    Banned

    Joined:
    Aug 3, 2004
    Messages:
    5,008
    Likes Received:
    86
    Location:
    Stuttgart, Germany
    [smart-ass mode]

    Sxotty: voila. Viola is a violin-like instrument :)

    [/smart-ass mode]
     
  13. nAo

    nAo Nutella Nutellae
    Veteran

    Joined:
    Feb 6, 2002
    Messages:
    4,325
    Likes Received:
    93
    Location:
    San Francisco
    or a flower :)
     
  14. Sxotty

    Veteran

    Joined:
    Dec 11, 2002
    Messages:
    4,891
    Likes Received:
    344
    Location:
    PA USA
    or a typo :razz: that firefoxe's spellchecker doesn't pick up.
     
  15. I.S.T.

    Veteran

    Joined:
    Feb 21, 2004
    Messages:
    3,174
    Likes Received:
    389
    :lol::lol::wink:
     
Loading...

Share This Page

  • About Us

    Beyond3D has been around for over a decade and prides itself on being the best place on the web for in-depth, technically-driven discussion and analysis of 3D graphics hardware. If you love pixels and transistors, you've come to the right place!

    Beyond3D is proudly published by GPU Tools Ltd.
Loading...