NVIDIA's Q4 2011 Earnings Are In: Revenue Up 12.8%, Net Income Of $116 Million - HotHardware
NVIDIA's Q4 2011 Earnings Are In: Revenue Up 12.8%, Net Income Of $116 Million

NVIDIA's Q4 2011 Earnings Are In: Revenue Up 12.8%, Net Income Of $116 Million

Numbers, and more numbers. NVIDIA's pushing out their latest quarterly earnings report, and earn they did. The company has some pretty spectacular Q4 2012 figures, with revenue for the year increasing 12.8% to $4 billion compared to fiscal 2011. GAAP gross margin for the year was 51.4 percent, up 11.6 percentage points; non-GAAP gross margin was 51.9 percent, up 6.8 percentage points. GAAP EPS for the year rose 118.6 percent; non-GAAP EPS rose 46.9 percent, while quarterly revenue decreased 10.6 percent to $953.2 million from $1.07 billion in the previous quarter. GAAP gross margin was 51.4 percent for the quarter; non-GAAP gross margin was 52.5 percent.

Revenue for the fourth quarter of fiscal 2012 was $953.2 million, down 10.6 percent from the prior quarter, and up 7.5 percent from $886.4 million in the same period a year earlier.

"I am pleased with our achievements last year. Our GPU business grew sharply. And, with the success of Tegra, we established our position in the mobile market," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "We expect continued growth ahead, as Tegra 3 powers a new wave of quad-core super phones and Kepler, our next-generation GPU architecture, sets new standards in visual and parallel computing."

On a GAAP basis, the company recorded net income of $116.0 million, or $0.19 per diluted share, for the fourth quarter of fiscal 2012. That compares with net income of $178.3 million, or $0.29 per diluted share, in the prior quarter and $171.7 million, or $0.29 per diluted share, in the same period a year earlier.


On a non-GAAP basis -- which excludes certain charges or credits, as applicable in the fiscal quarter, and the tax impact associated with such items, including: stock-based compensation, amortization of acquisition-related intangible assets, other acquisition-related costs, and legal settlements -- net income was $158.1 million, or $0.26 per diluted share. That compares with non-GAAP net income of $217.0 million, or $0.35 per diluted share, in the prior quarter, and net income of $142.4 million, $0.24 per share, in the same period a year earlier.

The company is expecting revenues between $900 million and $930 million for the following quarter, and with NVIDIA-based smartphones and tablets sure to be launched at Mobile World Congress, we see no reason to doubt those projections. Long live the GPU, eh?
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