NVIDIA financial results for 1Q07

Friday 11th May 2007, 10:05:00 AM, written by Arun

NVIDIA released their financial results for Q1 Fiscal 2008 yesterday, which corresponds to the period from January 29 to April 29, 2007. It came up very slightly above analysts' expectations, with gross margins hitting the magic 45%. GeForces had a record quarter, but on the other hand nForces were down sequentially, stopping a streak of no less than 10 consecutive record quarters.

As usual, a not-so-dense summary of the conference call is available on the forum, while a complete transcript may be found at seekingalpha.com (with which we are in no way affiliated). It is quite interesting that Jen-Hsun mentions he believes that AMD is coming back in the channel in Q2, and that the higher percentage of OEM sales at AMD in Q1 was a key reason for their loss of share with nForces, since NVIDIA is traditionally stronger in the channel.

Some other interesting highlights include that they hope to have a DX10/HD Video IGP before the end of the year and that they will have significant volume on 65nm this year. They also reiterated their intention to have 70% of the discrete Notebook GPU market within one year, up from 60% today.

nvidia ± financial

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