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NVIDIA revenues climb 4.5% this quarter, beating analysts expectations

NVIDIA beats analysts' expectations for the quarter riding on strong GeForce sales

Anthony Garreffa | Aug 6, 2015 at 7:14 pm CDT (1 min, 3 secs time to read)

NVIDIA has just posted its Q2 2015 financial results, beating analysts' expectations by a considerable amount. Analysts pegged NVIDIA to have revenues decline by 8%, but NVIDIA had an increase of 4.5% in revenues instead.

NVIDIA revenues climb 4.5% this quarter, beating analysts expectations | TweakTown.com

The increased revenues were thanks to strong GeForce sales, surely led by the super-impressive GeForce GTX 900 series of video cards. The company is expecting sales to drop in Q3, while NVIDIA's gaming revenue increased 59% thanks to big GeForce numbers. Wedbush Securities analyst Betsy Van Hees said: "The near term story continues to be PC gaming. That is the key driver for them and they continue to dominate in that area".

Another area where NVIDIA is working hard is in the automotive sector, where the company has said that there are 8 million cars on the road using their technology and that they're working with over 50 companies for its DRIVE chip, allowing self-driving cars.

In the enterprise market, NVIDIA's sales fell 14% but with this business only accounting for 16.2% of NVIDIA's business, it's not too bad. NVIDIA's total revenue rose 4.5% to $1.15 billion in Q2 2015, where analysts had expected $1.01 billion in sales. NVIDIA's shares have also bounced up by 9.7% in extended trading, a big increase considering that they had only risen 2% this year.

Last updated: Apr 6, 2020 at 08:33 pm CDT

NEWS SOURCE:reuters.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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