NVIDIA today reported revenue of $924.9 million for the first quarter of fiscal 2013 ended Apr. 29, 2012.
"Kepler GPUs are accelerating our business," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "Our newly launched desktop products are winning some of the best reviews we've ever had. Notebook GPUs had a record quarter. And Tegra is on a growth track again, driven by great mobile device wins and the upcoming Windows on ARM launch.
"Graphics is more important than ever. Look for exciting news next week at the GPU Technology Conference as we reveal new ways that the GPU will enhance mobile and cloud computing," he said.
Our outlook for the second quarter of fiscal 2013 is as follows:
● Revenue is expected to be between $990 million and $1.05 billion.
● GAAP gross margin is expected to be 51.2 percent, plus or minus one percentage point. Non-GAAP gross margin is expected to be 51.5 percent, plus or minus one percentage point.
● GAAP operating expenses are expected to be approximately $418 million. Non-GAAP operating expenses are expected to be approximately $354 million.
GAAP operating expenses for the second quarter are expected to include a one-time charge related to a corporate donation to Stanford Hospital of $25 million, payable over a 10-year period. We are joining Stanford's initiative, along with other corporations in the high-tech community, including Apple, eBay, HP, Intel, Intuit and Oracle, to build a leading-edge health care institution.
● GAAP and non-GAAP tax rates are expected to be approximately 20 percent, plus or minus one percent, for the second quarter and fiscal year, excluding any discrete tax events that may occur during the quarter, which, if realized, may increase or decrease our GAAP and non-GAAP tax rates. If the U.S. research tax credit is reinstated into tax law, we estimate our annual effective tax rate for the fiscal year 2013 to be approximately 16 percent.
We estimate depreciation and amortization for the second quarter to be approximately $55 million to $57 million. Capital expenditures are expected to be in the range of $35 to $45 million.
Diluted shares for the second quarter are expected to be approximately 628 million.
First Quarter Fiscal 2013 and Recent Highlights:
● NVIDIA launched its new Kepler-architecture GPUs to rave reviews. Products included the GeForce GTX 670, GeForce GTX 680, the dual-GPU GeForce GTX 690, and the notebook range of GeForce 600M GPUs.
● The first Ultrabook with an NVIDIA GPU, the Acer Aspire Timeline M3, launched on March 6.
● NVIDIA's first Tegra 3 phone launched on Feb. 26, the HTC One X, to wide acclaim in the media. Tegra 3 phones are available from 22 carriers in Europe and Asia.
Latest News Posts
- Slightly Mad Studios says that Project Cars 'loves' DirectX 12
- Internet playboy celebrity called out - Dan Bilzerian shares morals
- ASUS set to unveil a new Android tablet line called ZenPad at Computex
- Naughty Dog rumored to soon unveil Uncharted Remastered for the PS4
- Colorful is aiming to become second largest GPU vendor
- DVD drive seen in Windows 8.1 but not in BIOS
- ID-Cooling SE 214X CPU Cooler Review
- Upgrade M8
- Team Group Vulcan DDR4-3000 16GB Quad-Channel Memory Kit Review
- YUMI USB Stick doesnt´t boot correctly on H81M-HDS
- CoolIT Systems Successfully Deploys Liquid-Cooled Solution to Poznan Supercomputing & Networking Center in Partnership with Huawei and Itprojekt
- Technology Business Research joins executive roundtable addressing the business impact of data analysis
- Silicon Power Is Holding the 2015 Annual Exhibition in June
- Transcend to Showcase Car Video Recorders, Body Camera and Industrial Solutions at COMPUTEX TAIPEI 2015
- AccelStor Debuting All-Flash Arrays with 1M+ IOPS at Computex 2015