Nvidia Posts Record Revenue In Q3, Shows Trend Away From Traditional PCs

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Nvidia Posts Record Revenue In Q3, Shows Trend Away From Traditional PCs

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Nvidia posted record Q3 results today on strong sales of its Tegra chips. The company earned $1.2 billion in revenue, up nearly 13% from the same quarter a year ago. Net income rose to $209 million, up 75% on the quarter and 17% from a year ago.

Not only is the company’s Kepler GPUs doing well in desktop and notebook computers, but company CEO Jen-Hsun Huang said that a third of revenue is attributable to “non-PC” chips such as the Tegra 3.

Tegra has had a big year in 2012. Despite a rough start with the questionable performance of the Tegra 2, the company managed to be the major provider for most Android tablets with its latest quad-core chip, the Tegra 3. It powers phones such as the international HTC One X, One X+, the Nexus 7 and, most recently, the Surface RT tablet.

The company is expected to come out with its Cortex A15-based Wayne chips sometime between Q1 and Q3 2013, which will bring true competitiveness with Qualcomm’s Snapdragon S4 Pro chips and Samsung’s Exynos 5 line, which has already hit the market in the Nexus 10.

If you remember back to the pre-Nexus 7 days, Nvidia talked about bringing the prices of tablets down to the $199 mark; in doing so, they’ve managed to corner the chip market for slates. Despite these lower prices, the company’s gross margin was 52.9% for the quarter, and things are only looking stronger for Nvidia going forward.

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Shivaank Rana
iGyaan's Carlos Santana! Shivaank loves Apple products! He stays up to date with the latest happenings of the tech world and gets his hands dirty with the latest Gadgets! Follow Him on Google Plus : Google+