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"We are very proud to have achieved our first billion dollar quarter. And, while it is a wonderful milestone to reach, we believe this is just the beginning," said NVIDIA President and CEO Jen-Hsun Huang.   (Source: NVIDIA)
NVIDIA records revenue of $1.12 billion USD for 2008 fiscal third quarter

After hearing quarterly earnings reports from Intel, AMD, Apple and Microsoft, it's now time to hear what's shaking from the guys in Santa Clara, California. NVIDIA today reported that it brought in a record revenue of $1.12 billion USD for the 2008 fiscal third quarter which ended on October 28, 2007.

"We are very proud to have achieved our first billion dollar quarter. And, while it is a wonderful milestone to reach, we believe this is just the beginning," said NVIDIA President and CEO Jen-Hsun Huang. "Our core businesses are continuing to grow as the GPU becomes increasingly central to today's computing experience in both the consumer and professional market segments."

The $1.12 billion USD tally marks the first time that a GPU company crossed the $1 billion USD threshold. NVIDIA also recorded net income of $235.7 million USD which represented a 121 percent increase year-over-year.

Total revenue for NVIDIA thus far through fiscal 2008 is $2.90 billion USD, while net income stands at $540.7 million USD. This compares with $2.19 billion USD and $285.3 million USD respectively for the first nine months of fiscal 2007.

"This is the era of visual computing and NVIDIA is at the forefront. People want a delightful, compelling experience when they interact with their computing devices, whether it's on a phone, notebook, game console, or workstation," Huang added. "NVIDIA is leading the way in making this experience more intuitive and rewarding through our relentless pace of innovation and focus on execution."

NVIDIA attributes the record quarter to a 33 percent increase in desktop GPU products and a 120 percent increase in mobile GPU products. Other star performers included NVIDIA's Quadro family of professional graphics processors and the new Tesla desk-side supercomputer products.

The news on the NVIDIA front has been pretty fierce over the past week. NVIDIA first set tongues wagging with the announcement of the GeForce 8800 GT. The GPU, which is based on 65nm G92 architecture is priced from $199 to $249 and brings back memories of the NVIDIA GeForce 4 Ti 4200 and Radeon 9800 on a performance-per-dollar basis.

Many in the hardware community let out a collective yawn when NVIDIA announced its new Enthusiast System Architecture (ESA). ESA aims to give enthusiasts control over a wide gamut of hardware components through a centralized software app.

More news on upcoming NVIDIA GPUs was also revealed by DailyTech earlier today. The company is set to unleash yet another 65nm variant of the 8800 GTS making for some very confused enthusiasts this holiday season.

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By Polynikes on 11/8/2007 8:56:26 PM , Rating: 2
NVIDIA records revenue of $1.12 billion USD for 2008 fiscal third quarter

Uh, what?

RE: 2008?
By retrospooty on 11/8/2007 9:08:29 PM , Rating: 2
fiscal quarter, its an accounting thing. A company has their own timetable, most are ahead of real calendar time.

I can tell you have nver had a corp. job - lucky, stay that way if you can.

RE: 2008?
By HaZaRd2K6 on 11/8/2007 10:42:56 PM , Rating: 2
Like retrospooty said, it's an accounting thing. A fiscal year does not correlate to the calendar year, and judging from the article, nVidia's fiscal year runs from 1 February (i.e. "New Year's Day" for the fiscal year) until 31 January (i.e. "New Year's Eve" for the fiscal year).

Therefore, when Q1'08 started it was 1 February 2007, and Q4'07 ended on 31 January 2007. It's not that complicated, really, but I have a feeling I really botched the explanation. Just Google it :P

RE: 2008?
By Polynikes on 11/9/2007 12:46:49 AM , Rating: 2
No, I understand the concept, I just don't understand WHY they do it. Why change the date? It's not like Nvidia started doing their accounting a year before they existed.

RE: 2008?
By retrospooty on 11/9/2007 9:58:20 AM , Rating: 2
why... That is a good question. I have no clue why, it really doesn't make any sense to me. I would assume it much easier to just use std calendar and quarters.

RE: 2008?
By Houdani on 11/9/2007 10:16:47 AM , Rating: 2
IANABC (bean counter), but I'd wager the IRS has a hand in mixing up the fiscal years for businesses so that tax filings are sprinkled throughout the year. This makes the IRS' job more manageable since they won't be swamped as they would if everyone filed at the same time.

RE: 2008?
By KeithTalent on 11/9/2007 10:24:50 AM , Rating: 2
No, the IRS does not dictate (unless you are in trouble with them). Most of the time a company sets its year-end for when it is most beneficial to them.

For example if you know the July-September period is your company/industry's strongest time of year, then you will most likely set your year-end for September so you can close out the year with stronger earnings.

A company does need to chose it carefully though because changing your year-end can be a real pain.


RE: 2008?
By KeithTalent on 11/9/2007 10:18:58 AM , Rating: 3
It's like an NHL or NBA season. It is determined by when the financial year ends.

My company is in Fiscal 2008 right now and we have been for about 8 months.

It makes perfect sense to me, but then I'm an accountant. :)

RE: 2008?
By iFX on 11/9/2007 10:45:38 AM , Rating: 2
They aren't changing the date, they are using their OWN calendar.

RE: 2008?
By omnicronx on 11/9/2007 10:58:18 AM , Rating: 2
fiscal quarter, its an accounting thing. A company has their own timetable, most are ahead of real calendar time.
..Tell me about it, my company works on a 13 period fiscal year..

By swatX on 11/8/2007 7:44:55 PM , Rating: 1
ATI, Where Are You ?

By Orbs on 11/8/2007 7:47:40 PM , Rating: 3
Don't you mean AMD...

By maverick85wd on 11/8/2007 8:27:53 PM , Rating: 5
eh... I for the most part still think of them as ATI when I'm thinking video cards... I know this article isn't just about video cards, but still...

By pugster on 11/8/2007 9:49:40 PM , Rating: 5
It looks like Nvidia is turning out as the 800lb gorilla of the graphics world while ATI will be just be another AMD.

By pattycake0147 on 11/8/2007 8:59:56 PM , Rating: 1
NVIDIA first set tongues wagging with the announcement of the GeForce 8800 GT. The GPU, which is based on 65nm G92 architecture is priced from $199 to $249

Where can you find you for under $250? All of the cards I've seen are in the $250-$300 range. I understand the expected price was 200-250 but I haven't seen this yet.

RE: 8800GT
By retrospooty on 11/8/2007 9:09:54 PM , Rating: 3
hasnt really saturated the supply chain yet. When new products are first released they are always higher - then tehy drop when the supply chain is filled up, and drop again when sales slow down, or competition heats up.

RE: 8800GT
By pattycake0147 on 11/8/2007 9:26:55 PM , Rating: 2
I realize that but why does the article say 150-200 when the haven't hit that yet?

RE: 8800GT
By retrospooty on 11/8/2007 9:32:43 PM , Rating: 2
that is the MSRP, and as all electronic products, it will hit that as soon as supply chain is filled up. Most expect closer to the $199 than the $249

RE: 8800GT
By JazzMang on 11/9/2007 10:28:54 AM , Rating: 3
Supply and Demand

RE: 8800GT
By Gholam on 11/9/2007 2:23:15 AM , Rating: 2
Be thankful you can get them at all. Around here, you can't get an 8800GT at any price - they simply aren't here yet.

By shreddR on 11/9/2007 12:36:55 AM , Rating: 2
Jen-Hsun Huang is wearing a Limited Edition nVidia "Maximum Game" CrYsis Tie

RE: Haa
By 5c8wc4 on 11/9/2007 6:02:45 AM , Rating: 4
No no, its a SLI certified Tie. At an emergency you can connect it betwen two graphics cards.

Anyway congrats Nvidia and Jen-Hsun Huang.

RE: Haa
By spluurfg on 11/9/2007 8:45:13 AM , Rating: 5
Actually its an Enthusiast System Architecture tie. It monitors its own temperature and with the flick of a switch, it can go from four-in-hand to windsor-knot mode without rebooting.

For the comparison
By defter on 11/9/2007 3:05:30 AM , Rating: 3
Combined revenue of AMD+ATI is $1.6B. Who would have thought few years ago that NVidia can come close to combined revenue of AMD+ATI?

RE: For the comparison
By Mudvillager on 11/9/2007 5:52:39 AM , Rating: 2
Yeah, things change so incredibly fast in the IT industry...

RE: For the comparison
By wordsworm on 11/13/2007 1:39:24 AM , Rating: 2
Combined revenue of AMD+ATI is $1.6B. Who would have thought few years ago that NVidia can come close to combined revenue of AMD+ATI?

Less than 10 years ago I had less respect for AMD than I do for Via. Actually, I have respect for Via because they are innovative. AMD, 10 years ago, was just a poor copycat. At that time I was still enjoying my DX33 which was clocking at 40MHz, while those who bought the Cyrix or AMD got what they paid for: 33Mhz. At least, that's how I remember it... maybe there are some old school AMD fans.

By wordsworm on 11/9/07, Rating: 0
RE: Quality
By otispunkmeyer on 11/9/2007 8:43:15 AM , Rating: 1
if you bothered to read any G80 reviews you'd know that AA quality is first rate and that Nvidias Anisotropic Filtering implementation is pretty much perfect. better, even than ATi's HQAF that was present on the X1900 series.

also there realy is more to performance than just memory bandwidth. for all the 512bit bus gave AMD braggin rights, really it was a shot too far.... you just cant utilize it, theres more bandwidth than most games can make use of.

Add to that the design choices and problems with R600 and you'll see why G80 wins. you really are gonna have to sit and read because its quite lengthy. but basically ATi's design choices are kinda almost ahead of their time... its hurting them now, but it could come good in the end.

also seeing how 99% of games are written for 32bit.... using 32 or 64 bit OS doesnt really matter. most people dont run 64bit either....its just not 64bits time.

GDDR4? yeah it might be bettter, but GDDR3 is cheaper and not significantly slower. so whats the point. GDDR5 is on the books now too.

just get clued up before you come here spouting off

RE: Quality
By wordsworm on 11/9/2007 11:39:51 AM , Rating: 2
just get clued up before you come here spouting off
I guess you don't know the significance of the question mark. I was asking the question as to why so many indicators that I recognize: faster ram, equal or more shaders, wider bandwidth, etc, hasn't resulted in better performance. Also, when looking at CPUs, usually I can find fairly detailed overviews, but for GPUs the information just doesn't seem quite as good.

Also, my question as to whether or not there's a performance difference between 32 and 64 bit implementations of the videocard is completely valid. I do think this is the time of 64 bit. I think Vista is going to be the crossover point and that most new systems in 2 years will be sold with the 64 bit variant loaded on. Most websites don't test these products using 64 bit software. I don't know whether or not this would make a difference.

I have an Nvidia in my computer: a modest 8800 GTS with 320 MB. I'm relatively satisfied with it even if I can't get AA+HDR to run simultaneously on Oblivion.

Next time maybe you can take a question for what it is: someone wanting answers to questions. I haven't run into a good article explaining how it is that Nvidia has managed to take the performance crown so convincingly. If it was a margin of 5% it would be easy for me to understand. But 25%+ is hard to swallow, and it makes me wonder if there's anything missing that I'm just not seeing. If someone has information they can link me to, then I'm interested in reading it.

I don't know how you get off with your attitude that I should know everything before I ask questions. That's got to be the dumbest logic I've ever seen. Why don't you go to finishing school and learn some manners.

RE: Quality
By Savvin on 11/9/2007 8:56:44 AM , Rating: 1
I really don't think there is anything to base your implied "conspiracy theory" on. Did you feel the same way when in the past it was the other way around? Remember the Radeon 9700? It's called competitive engineering. It happens in any field. Look at the past when AMD's Athlon dominated the perforce charts. It's just the way things go, AMD/ATI will have their day again, at some point in the future. As for your 32bit vs 64bit question, there are several reasons why most sites don't use 64bit very much, if at all. First off, the install base of 64bit users is extremely small so I would assume that most sites don't want to allocate resources to test for such a small base at this time. Secondly, there are even fewer games that actually use 64bit to any great effect. Even though the 64bit OS is available, the true 64bit applications are not. Regardless, there are some 64bit game comparisons that have been done and they have pretty much shown negligible differences. I'd give it another 6 months or so before software begins to show the benefits of 64bit.

RE: Quality
By wordsworm on 11/9/2007 11:51:17 AM , Rating: 2
I really don't think there is anything to base your implied "conspiracy theory" on.
I wasn't trying to imply a conspiracy. I was just wondering if any analysis had been done on the image quality to see if there's been some compromises in order to bring those FPS up.

64 bit ought to be around the corner. It seems that games like Crysis and Oblivion are testing the limits of 32 bit, and the headroom must be found in 64 bit programming. I'm not a programmer, so if I'm mistaken, please feel free to correct me.

Most websites make comparisons using hardware that's out of the reach of most people. Since a lot of them like to push the envelope, I can't help but wonder why they haven't tried doing the same with the OS.

Good for 1-2 more quarters.
By Mitch101 on 11/8/2007 7:56:30 PM , Rating: 2
I would attribute it to the lack of motherboard competition from ATI for Intel CPU's and having a strong graphics card this time around but I suspect it wont last for more than 1-2 more quarters.

RE: Good for 1-2 more quarters.
By i4mt3hwin on 11/8/2007 8:48:40 PM , Rating: 2
I would attribute it too the $475 Million G80 chip they came out with. If a company is willing to spend that kind of money on R&D they deserve a billion dollar quarter. Congratulations to nvidia, and keep the awesome hardware rolling out!

By Haltech on 11/8/2007 10:13:59 PM , Rating: 2
Seeing how recent they just reported their earnings, I doubt that the 8000GT's had any effect in their revenue. So heres to another billion dollar quarter.

That tie kicks ass
By yacoub on 11/10/2007 6:43:30 PM , Rating: 2
An NVidia neon green tie. That's awesome!

By crystal clear on 11/10/2007 2:29:20 AM , Rating: 1
NVIDIA President and CEO Jen-Hsun Huang should be sendinf sending flowers & a thank you note to Advanced Micro Devices (AMD) CEO Hector Ruiz.

Hector gave Nvidia a gift: 1 full quater & more to come by taking over ATI.

AMDs preoccupation with INTEL(price wars) + debt issues+preoccupation with Barcelons/Phenom development etc.

All this gave Nvidia an open field to itself,the market was all there to grab & make the most of it.

Nvidia couldnt have it better-what a GIFT.

By Ard on 11/8/07, Rating: -1
RE: Hmm..
By Dactyl on 11/8/2007 8:54:19 PM , Rating: 2
It's probably the eyebrows. They're creeping me out.

RE: Hmm..
By Polynikes on 11/8/2007 8:57:51 PM , Rating: 3
What eyebrows? I see very light shadows expertly positioned where his eyebrows should be. Perhaps he had a run-in with an open flame. :P

RE: Hmm..
By BansheeX on 11/8/2007 9:13:11 PM , Rating: 5
Who needs eyebrows when your competition doesn't make you sweat?

RE: Hmm..
By EODetroit on 11/9/2007 9:48:17 AM , Rating: 2
Yeah, now that you mention it... the eyebrows... he doesn't really have them.

RE: Hmm..
By Suomynona on 11/9/2007 10:01:47 AM , Rating: 2
Your greyscale is adjusted properly when the eyebrows completely disappear.

RE: Hmm..
By PAPutzback on 11/9/2007 10:26:59 AM , Rating: 2
Sheesh. The picture didn't creep me out till I read this post.

RE: Hmm..
By AstroCreep on 11/8/2007 9:16:22 PM , Rating: 2
What I find entertaining is his tie; a very bright green (almost 'nVidia Green') tie.

RE: Hmm..
By spluurfg on 11/8/2007 11:07:53 PM , Rating: 2
Well you can make out stubble and the skin texture near his ears from hard lighting. Maybe they photoshopped out pimples and stuff, but it doesn't look like a fashion mag job or anything to me. I guess he got a haircut for the photo...

Back on topic, net income of roughly 1/6 revenue seems pretty good for such a tech company. I'm curious to know what the EBITDA margins are. Amortization is a huge cost to technology companies that rely on fabrication technology, so I suppose Nvidia saves a lot of money by outsourcing chip production.

RE: Hmm..
By PandaBear on 11/9/2007 1:09:32 AM , Rating: 3
Must be the rendering, not a real picture. This is just the latest on how far GPU come along.

RE: Hmm..
By Houdani on 11/9/2007 10:20:30 AM , Rating: 1
Not airbrushed -- just supersampled with AA and AF cranked up. The HDR on the tie is just muting all the other colors and making the scene a bit more hazy.

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