News [SeekingAlpha] Nvidia +1% after beats, gaming strength

[Hitman928]

Nvidia +1% after beats, gaming strength

Nvidia (NASDAQ:NVDA) +1.2% reports Q3 beats with downside Q4 guidance that sees revenue of $2.89-3.01B (consensus: $3.08B) with a 64.5% gross...

seekingalpha.com

Nvidia reports Q3 beats with downside Q4 guidance that sees revenue of $2.89-3.01B (consensus: $3.08B) with a 64.5% gross margin.

Q3 revenue by market platform:

• Gaming, $1.66B (+26% Q/Q; -6% Y/Y);
• Professional Visualization, $324M (+11% Q/Q; +6% Y/Y);
• Data Center, $726M (+11% Q/Q; -8% Y/Y);
• Auto, $162M (-22% Q/Q; -6% Y/Y);
• OEM and Other, $143M (+29% Q/Q; -3% Y/Y).

Y/Y numbers aren't great but gross margin is up from 61% last year.

I will post more as it becomes available.

 

[Hitman928]

From a market platforms perspective, Gaming revenue was $1.66 billion, down 6% from a year ago and up 26% sequentially. The year-on-year decrease reflects lower sales of GeForce desktop GPUs from the prior year which included the launch of Turing-based GeForce GPUs, partially offset by growth in GeForce notebook GPUs and SOC modules for gaming platforms. The sequential increase reflects growth primarily from GeForce desktop and notebook GPUs.

Data Center revenue was $726 million, down 8% from a year ago and up 11% sequentially. The year-on-year decline reflects lower enterprise revenue due to a different mix of products including lower DGX sales, partially offset by an increase in hyperscale demand. The sequential increase was driven by hyperscale demand.

Automotive revenue of $162 million was down 6% from a year earlier and down 22% sequentially. The year-on-year decrease reflects lower revenue from legacy infotainment modules and autonomous vehicle solutions, partially offset by growth in AI cockpit solutions. The sequential decrease reflects a large non-recurring development services agreement closed in the prior quarter.

Gross margin for the third quarter of fiscal year 2020 was 63.6%, up 320 basis points from a year earlier and up 380 basis points sequentially. The year-on-year and sequential increases are primarily driven by improved margins on GeForce GPUs for gaming reflecting the sale of previously written-off components and lower component costs. The sequential increase also reflects higher average selling prices for GeForce GPUs.

https://seekingalpha.com/filing/4700796

 

[beginner99]

gross margin is up from 61% last year.

No wonder with these GPU prices...

 

[NostaSeronx]

No wonder with these GPU prices...

You haven't seen next years' prices.

 

[krumme]

You haven't seen next years' prices.

Actually correct.
He doesn't have the same crystal ball as you.