NVIDIA Announces Financial Results for Third Quarter Fiscal 2016

[btarunr]

NVIDIA (NASDAQ: NVDA) today reported record revenue for the third quarter ended October 25, 2015, of $1.305 billion, up 7 percent from $1.225 billion a year earlier, and up 13 percent from $1.153 billion in the previous quarter. GAAP earnings per diluted share for the quarter were $0.44, up 42 percent from $0.31 a year earlier and up from $0.05 in the previous quarter.

Non-GAAP earnings per diluted share were $0.46, up 18 percent from $0.39 a year earlier, and up 35 percent from $0.34 in the previous quarter. "Our record revenue highlights NVIDIA's position at the center of forces that are reshaping our industry," said Jen-Hsun Huang, co-founder and chief executive officer, NVIDIA. "Virtual reality, deep learning, cloud computing and autonomous driving are developing with incredible speed, and we are playing an important role in all of them. "We continue to make great headway in our strategy of creating specialized visual computing platforms targeted at important growth markets.



The opportunities ahead of us have never been more promising," he said. Capital Return During the third quarter, NVIDIA paid $53 million in cash dividends and received an additional 4.6 million shares at the close of the accelerated share repurchase agreement that it had entered into in the previous quarter. As a result, the company has returned an aggregate of $604 million to shareholders in the first nine months of the fiscal year. The company intends to return $800 million to shareholders in fiscal 2016.

For fiscal 2017, NVIDIA intends to return approximately $1.0 billion to shareholders through ongoing quarterly cash dividends and share repurchases. The company announced an 18 percent increase in its quarterly cash dividend to $0.115 per share from $0.0975 per share. NVIDIA will pay this next quarterly cash dividend on December 14, 2015, to all shareholders of record on November 20, 2015.

NVIDIA's outlook for the fourth quarter of fiscal 2016 is as follows:

• Revenue is expected to be $1.30 billion, plus or minus two percent.
• GAAP and non-GAAP gross margins are expected to be 56.7 percent and 57.0 percent, respectively, plus or minus 50 basis points.
• GAAP operating expenses are expected to be approximately $503 million. Non-GAAP operating expenses are expected to be approximately $445 million.
• GAAP and non-GAAP tax rates for the fourth quarter of fiscal 2016 are expected to be 20 percent, plus or minus one percent.
• The above GAAP outlook amounts exclude restructuring charges, which are expected to be in the range of $25 million to $35 million, in the fourth quarter of fiscal 2016.
• Capital expenditures are expected to be approximately $20 million to $30 million.

View at TechPowerUp Main Site

 

[gaximodo]

Oh Mama

 

[Darksoviet]

I just want to say... poor AMD

 

[the54thvoid]

I just want to say... poor AMD

Nice trolling? (intentional or not given your avatar)

Next year could be different if the progression shown from DX12 comes true. Nvidia will have a far stronger competitor, at least in terms of architecture preference for DX12. Pascal will address Maxwell's shortcomings but Maxwell excelled due to dropping compute to hit power envelopes and high clocks.
Never know what's around the corner.

 

[gaximodo]

Nice trolling? (intentional or not given your avatar)

Next year could be different if the progression shown from DX12 comes true. Nvidia will have a far stronger competitor, at least in terms of architecture preference for DX12. Pascal will address Maxwell's shortcomings but Maxwell excelled due to dropping compute to hit power envelopes and high clocks.
Never know what's around the corner.

I agree to all above, and I can see a lot of people making their judgement based on Nvidia's fail with their 7XXX series due to Dx 'incompatibilities'.

But the market has really changed now, most electronics have a faster product life cycle, people who buys top end products are also more accepting a more frequent 'upgrading' cycle.

Last time on TPU I said to some guy I really want at least 4, 5 years with my computer components I was yelled "who keeps their gfx cards for more than 2 years." Where these people definitely are not the majority but they are the ones top end products targeted at.

Back on the 'more promising' performance expectation of the Fury range - we don't have many dx12 games even today. And I'm sure Pascal will hit the market long before dx12 games become mainstream.

My point is the said 'better' DX12 capabilities of the Fury line up does not really put AMD in a much stronger position; if AMD's next line up is competitive to Pascal, then they are in a stronger position. Judging from this point I think Nvidia's approach/strategy makes more sense to me. And the balance sheet of the two companies (AMD graphics v.s. Nvidia) supports this view.

 

[ssdpro]

Even though one honest opinion/observation was already met with "you troll!", I'll open myself up to some troll accusations: this is clear evidence that nvidia has been just pummeling AMD. AMD is selling factories to free up capital which is a historic sign of pending doom.

Feel free to check my history - no fanboy evidence in my past.

 

[gaximodo]

Even though one honest opinion/observation was already met with "you troll!", I'll open myself up to some troll accusations: this is clear evidence that nvidia has been just pummeling AMD. AMD is selling factories to free up capital which is a historic sign of pending doom.

Feel free to check my history - no fanboy evidence in my past.

Sometimes when one player's performance is that bad, pointing it out is really just being neutral, fanboys of the inferior player isolates themselves and calling everyone else fanboys coz they don't want to hear/see the fact.

 

[the54thvoid]

Sometimes when one player's performance is that bad, pointing it out is really just being neutral, fanboys of the inferior player isolates themselves and calling everyone else fanboys coz they don't want to hear/see the fact.

Hmm, well, in a two horse race but lots of people do cloud, do automotive etc. Singling out how bad AMD are doing in an Nvidia profits statement thread is unnecessary. Qualcomm, Intel, IBM, All SoC makers have a role in the future of IoT and others play roles in HPC. AMD's poorest performance is probably CPU related so why not mention Intel instead? AMD actually make very good GPU's so bringing them into this thread without reference to the other industry players is mildly trollish or misguided.

 

[gaximodo]

Hmm, well, in a two horse race but lots of people do cloud, do automotive etc. Singling out how bad AMD are doing in an Nvidia profits statement thread is unnecessary. Qualcomm, Intel, IBM, All SoC makers have a role in the future of IoT and others play roles in HPC. AMD's poorest performance is probably CPU related so why not mention Intel instead? AMD actually make very good GPU's so bringing them into this thread without reference to the other industry players is mildly trollish or misguided.

I was talking in general not this thread, at least I didn't calling out AMD for its poor performance.

And duopoly is different to >_> this SoC market.

 

[the54thvoid]

I was talking in general not this thread, at least I didn't calling out AMD for its poor performance.

And duopoly is different to >_> this SoC market.

I'm wearing my red cape of AMD defence today.

 

[64K]

Well done Nvidia. Happy are the Nvidia investors.

 

[rtwjunkie]

My point is the said 'better' DX12 capabilities of the Fury line up does not really put AMD in a much stronger position; if AMD's next line up is competitive to Pascal, then they are in a stronger position. Judging from this point I think Nvidia's approach/strategy makes more sense to me. And the balance sheet of the two companies (AMD graphics v.s. Nvidia) supports this view.

I have to say I agree that Nvidia gambled (correctly it turns out) that selling the hell out of Maxwell cards without compute, in order to get maximum DX11 performance was well-conceived. They gambled that Pascal would come out in time for the majority of DX12 based games. I think they will not be hurt by their future-thinking of what the market will be like when Pascal finally drops.

In AMD's defense though, without as much R&D money, they had to suffer a short-term financial hit with designing cards to take advantage of DX12. They gambled as well, and though it hurt them short-term, I believe long term they will be better off because of that decision.

Yes, I just said overall they are BOTH going to be better off, and I mean it. I don't foresee the discrete GPU business doing anything but growing, which benefits Red and Green.

 

[Musaab]

First nVidia's fans have the right to troll as much as they like (Happy Quarter Revenue Report NVIDIA).
Second why do I hear bitter tone in AMD's fan boys words, nVidia did well again, what makes you so sad? JHH CEO of nVidia is a successful business man. Maybe if AMD rid of the graphics card business nVidia will buy the remaining and JHH will bring back their glory days.
Notice. nVidi and AMD had plans I think in year 2005 for merger and the only problem was that nVidia insisted that JHH should be the CEO for the new company and AMD refused.

 

[the54thvoid]

Second why do I hear bitter tone in AMD's fan boys words, nVidia did well again, what makes you so sad?

I so hope that comment is aimed at me. It'd make my day!

 

[rtwjunkie]

nobody cares $hitVIDIA financials.. :J

Actually they do. Many of our forum members watch these. Financial reports, and other business transactions give large insight into the computer industry.

The big picture is important if you want to know trends and future directions for technology.