NEW YORK, NY -- (Marketwire) -- 09/06/2011 -- NVIDIA announced at a financial conference this afternoon that it has provided a financial outlook for fiscal year 2013, which begins Jan. 30, 2012.
The company anticipates revenue of $4.7 billion to $5.0 billion.
It expects GAAP and non-GAAP gross margins of approximately 51 percent to 53 percent.
NVIDIA further anticipates GAAP operating expenses of $1.54 billion to $1.61 billion, and non-GAAP operating expenses of $1.38 billion to $1.43 billion. Non-GAAP operating expenses are expected to exclude stock-based compensation expense, amortization of acquisition-related intangible assets and other acquisition-related costs.
"We see growth across our entire GPU and mobile-processor business," said Jen-Hsun Huang, NVIDIA president and chief executive officer. "The future for computing is visual and mobile, and we are well positioned to lead in this new era."
To supplement the company's outlook for fiscal 2013, prepared in accordance with GAAP, the company uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross margin and non-GAAP operating expenses. In order for NVIDIA's investors to be better able to compare its outlook with the results of previous periods, the company has shown a reconciliation of GAAP to non-GAAP financial measures. These reconciliations adjust the related GAAP financial measures to exclude stock-based compensation expense, amortization of acquisition-related intangible assets and other acquisition-related costs. NVIDIA believes the presentation of its outlook using non-GAAP financial measures enhances the user's overall understanding of the company's historical financial performance. The presentation of the company's non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company's financial results or outlook prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies.
NVIDIA (NASDAQ: NVDA) awakened the world to the power of computer graphics when it invented the GPU in 1999. Since then, it has consistently set new standards in visual computing with breathtaking, interactive graphics available on devices ranging from tablets and mobile phones to notebooks and workstations. NVIDIA's expertise in programmable GPUs has led to breakthroughs in parallel processing which make supercomputing inexpensive and widely accessible. The Company holds more than 1,900 issued patents worldwide, including ones covering designs and insights that are essential to modern computing. For more information, see https://www.nvidia.com.
Latest News Posts
- Warcraft III updated, includes 16:9 support and HEAPS MORE
- NVIDIA to launch new GeForce GTX series during GTC 2018
- Final Fantasy XV DLC continues into 2019
- IBM's Watson AI might be coming to a game near you
- Sonic movie set for 2019
- Enermax T.B. RGB, RGB Lighting 3 Fan Pack Review
- GIGABYTE Z370 Aorus Gaming K3 (Intel Z370) Motherboard
- Amped Wireless Titan AC1900 Wireless Router Review
- Reeven NAIA 240 CPU Cooler Review
- For Sale 5 Pieces Apple iPhone 8 64GB Brand New Unlocked $2,795
- Micron Launches Industry's First Enterprise SATA Solid State Drives Built on Leading 64-layer 3D NAND Technology
- Micron, Rambus, Northwest Logic and Avery Design to Deliver a Comprehensive GDDR6 Solution for Next-Generation Applications
- Toshiba Memory America Unveils UFS Devices Utilizing 64-Layer, 3D Flash Memory
- ASUS Announces GeForce GTX 1070 Ti Series Gaming Graphics Cards
- ASUS Announces ASUS Hangouts Meet Hardware Kit