Much of the PC industry has been reporting less than strong results, with declines in PC unit sales leading to lower earnings for many of the big players such as Intel, AMD, and even Apple. NVIDIA has bucked this trend though with a strong quarter to start their fiscal year 2017. Revenue for the quarter was $1.305 billion, up 13% from Q1 FY 2016, with growth in NVIDIA’s GPU business, datacenter, automotive, and professional visualization all showing strong sales. Gross margin for the quarter was 57.5%, up 0.8% from a year ago. Operating income was up 39% to $245 million, and net income came in up 46% to $196 million. This resulted in earnings per share of $0.33.
| NVIDIA Q1 2017 Financial Results (GAAP) | |||||
| Q1'2017 | Q4'2016 | Q1'2016 | Q/Q | Y/Y | |
| Revenue (in millions USD) | $1305 | $1401 | $1151 | -7% | +13% |
| Gross Margin | 57.5% | 56.5% | 56.7% | +1.0% | +0.8% |
| Operating Income (in millions USD) | $245 | $252 | $176 | -3% | +39% |
| Net Income | $196 | $207 | $134 | -5% | +46% |
| EPS | $0.33 | $0.35 | $0.24 | -6% | +38% |
Reminder: That is the quarter BEFORE they release their next generation of GPUs.
Apparently they're really badly hurting from not producing console APUs.
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