NVIDIA Tops Street Estimates With Strong Q3, Cites Strong Gaming GPU Demand
Graphics chip maker NVIDIA announced record revenue of $1.305 billion for the third quarter ended October 25, 2015, up 7 percent from $1.225 billion in the same quarter a year ago, besting estimates by Wall Street analysts. That figure also represents a 13 percent boost from the $1.153 billion NVIDIA generated in the previous quarter
"Our record revenue highlights NVIDIA's position at the center of forces that are reshaping our industry," said Jen-Hsun Huang, co-founder and chief executive officer, NVIDIA. "Virtual reality, deep learning, cloud computing and autonomous driving are developing with incredible speed, and we are playing an important role in all of them."
NVIDIA benefited from growing demand for its GeForce GTX graphics cards. GPU revenue totaled $1.1 billion for the quarter, up 16 percent sequentially and 12 percent year-over-year. Breaking it down even further, NVIDIA said that gaming GPU revenue grew a whopping 40 percent from a year ago to hit record levels.
The chip maker's professional line of GPUs also did well. Professional virtualization revenue from Quadro was $190 million, up 8 percent sequentially and year-over-year, while datacenter revenue, including Tesla and GRID, added another $80 million to the pile.
NVIDIA expects to maintain this level of performance for at least the next quarter.
"Our record revenue highlights NVIDIA's position at the center of forces that are reshaping our industry," said Jen-Hsun Huang, co-founder and chief executive officer, NVIDIA. "Virtual reality, deep learning, cloud computing and autonomous driving are developing with incredible speed, and we are playing an important role in all of them."
NVIDIA benefited from growing demand for its GeForce GTX graphics cards. GPU revenue totaled $1.1 billion for the quarter, up 16 percent sequentially and 12 percent year-over-year. Breaking it down even further, NVIDIA said that gaming GPU revenue grew a whopping 40 percent from a year ago to hit record levels.
The chip maker's professional line of GPUs also did well. Professional virtualization revenue from Quadro was $190 million, up 8 percent sequentially and year-over-year, while datacenter revenue, including Tesla and GRID, added another $80 million to the pile.
NVIDIA expects to maintain this level of performance for at least the next quarter.
