Items tagged with earnings report
NVIDIA is crushing it, and doing it at a time when the supply of silicon—and, by extension, GPUs—is falling way short of demand. The GPU maker raked in a record $5.66 billion in revenue during the during its first quarter of fiscal 2021, the lion's share of which came from gaming sales and the data center, both of which saw massive gains. "We had a fantastic quarter, with strong demand for our products driving record revenue," said Jensen Huang, found and CEO of NVIDiA. Calling it a fantastic quarter is an understatement. In terms of overall revenue, NVIDIA saw a sizable 84 percent gain compared to the same quarter from a year ago. Likewise, NVIDIA increased its data center revenue...
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AMD nearly doubled its revenue in the first quarter of 2021 compared to a year ago, earning more than $3.4 billion, up 93 percent compared to its Q1 revenue last year. The same goes for its net income, which jumped 94 percent year-over-year to $555 million. Further, a significant chunk of AMD's earnings came from more than doubling up its data center revenue. "We had outstanding year-over-year revenue growth across all of our businesses and data center revenue more than doubled. Our increased full-year guidance highlights the strong growth we expect across our business based on increasing adoption of our high-performance computing products and expanding customer relationships," AMD CEO Dr. Lisa...
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The cryptocurrency hangover appears to be firmly in NVIDIA's rear view mirror at this point. The GPU maker posted its fourth quarter earnings report for the three-month period ended January 26, 2020, and investors reacted positively to the strong numbers and outlook. As a result, shares of NVIDIA are up more than 6 percent this morning. NVIDIA finished its fiscal year with $3.11 billion in the fourth quarter. That represents a monstrous gain of 41 percent compared to the same quarter a year ago, and a more modest 3 percent jump sequentially. Full-year revenue actually went down 7 percent, but still registered $10.92 billion. "Adoption of NVIDIA accelerated computing drove excellent results, with...
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Intel posted its highest third-quarter revenue in the history of the company, raking in $19.2 billion, a 19 percent jump from the same quarter a year prior. This led to an even bigger jump in profit, with Intel posting net income of $6.4 billion, up 42 percent year-over-year. What makes these numbers even more impressive is that Intel contended with a shortage of 14-nanometer silicon. Earlier this month, Intel CFO and interim CEO Bob Swan said the chip maker was surprised by the return to growth in the PC market, noting that "second-quarter PC shipments grew globally for the first time in six years, according to [market research firm] Gartner." At the time, he also admitted that the rebound had...
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Nintendo is riding high on the success of its newest game console releases, the biggest of those being its hybrid Switch system that is suitable for both gaming on the go, and when sitting in front of a big screen TV. The company's gamble on a dual-purpose console is paying off handsomely, prompting Nintendo to adjust its full-year forecast to reflect a much bigger anticipated profit. The hardware maker nearly doubled its profit forecast for its fiscal year ending March 2018. After going over the numbers to date, Nintendo now expects to report a profit of 120 billion yen (around $1.06 billion), up from its previous forecast of 65 billion yen (~$572.8 million), which it estimated just three months...
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Intel's semi-pivot from a PC-centric operation to one that is focused on the data center, machine learning and self-driving cars is paying off, and in a big way. The Santa Clara chipmaker announced record earnings per share of $0.94 during the third quarter, a 36 percent jump versus the same quarter a year ago. It also collected $16.1 billion in revenue en route to a $4.5 million profit from a product lineup that Intel CEO Brian Krzanich called its strongest ever. "We executed well in the third quarter with strong results across the business, and we're on track to a record year," Krzanich said. "I’m excited about our progress and our future. Intel’s product line-up is the strongest it has ever...
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Advanced Micro Device's tally for its fiscal third quarter reached just $1.3 billion. That represents a jump of 23 percent from the same quarter a year prior on strong demand for its semiconductors used in game consoles, and it beat out what analysts were expecting. That's the good news. The bad news is that it wasn't enough for AMD to pull a profit. Just the opposite, AMD's loss for the quarter climbed to $406 million, or $0.50 per share, more than doubling the $197 million loss, or $0.25 per share, it posted in the third quarter for 2015. It's also a big swing from the $69 million profit ($0.08 per share) AMD posted just a quarter ago on revenue of a little over $1 billion. AMD says the decline...
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