NVIDIA Financial Results for Third Quarter Fiscal 2011

November 11, 2010 by | Comments

NVIDIA today reported revenue of $843.9 million for the third quarter of fiscal 2011 ended Oct. 31, 2010, up 4.0 percent from the
prior quarter and down 6.6 percent from $903.2 million from the same period
a year earlier.

On a GAAP basis, the company recorded net income of $84.9 million, or $0.15
per diluted share, compared with a GAAP net loss of $141.0 million, or
$0.25 per share, in the previous quarter and GAAP net income of $107.6
million, or $0.19 per diluted share, in the same period a year earlier.
GAAP gross margin was 46.5 percent compared with 16.6 percent in the
previous quarter and 43.4 percent in the same period a year earlier.

                                         Quarterly Highlights
    ($ in millions except per    -----------------------------------
     share data)                  Q3 FY2011   Q2 FY2011   Q3 FY2010
                                 ----------- ----------- -----------
     Revenue                       $843.9      $811.2      $903.2
                                 ----------- ----------- -----------
     GAAP:
      Gross margin                  46.5%       16.6%       43.4%
                                 ----------- ----------- -----------
      Net income (loss)             $84.9    ($141.0)      $107.6
                                 ----------- ----------- -----------
      Income (loss) per share       $0.15     ($0.25)       $0.19
  

–( – NVIDIA Corporation)–

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