NVIDIA Announces Financial Results for Second Quarter Fiscal 2019
Record revenue from all platforms - Datacenter, Gaming, Professional Visualization, Automotive
Revenue of $3.12 billion, up 40 percent from a year ago
GAAP EPS of $1.76, up 91 percent from a year ago
SANTA CLARA, Calif.-Aug. 16, 2018-NVIDIA (NASDAQ: NVDA) today reported revenue for the second quarter ended July 29, 2018, of $3.12 billion, up 40 percent from $2.23 billion a year earlier, and down 3 percent from $3.21 billion in the previous quarter.
GAAP earnings per diluted share for the quarter were $1.76, up 91 percent from $0.92 a year ago and down 11 percent from $1.98 in the previous quarter. Non-GAAP earnings per diluted share were $1.94, up 92 percent from $1.01 a year earlier and down 5 percent from $2.05 in the previous quarter.
“Growth across every platform - AI, Gaming, Professional Visualization, self-driving cars - drove another great quarter,” said Jensen Huang, founder and CEO of NVIDIA. “Fueling our growth is the widening gap between demand for computing across every industry and the limits reached by traditional computing. Developers are jumping on the GPU-accelerated computing model that we pioneered for the boost they need.
“We announced Turing this week. Turing is the world’s first ray-tracing GPU and completes the NVIDIA RTX platform, realizing a 40-year dream of the computer graphics industry. Turing is a giant leap forward and the greatest advance for computing since we introduced CUDA over a decade ago.”
During the first half of fiscal 2019, NVIDIA returned $837 million to shareholders through a combination of $655 million in share repurchases and $182 million in quarterly cash dividends.
For fiscal 2019, NVIDIA intends to return $1.25 billion to shareholders through ongoing quarterly cash dividends and share repurchases.
NVIDIA will pay its next quarterly cash dividend of $0.15 per share on September 21, 2018, to all shareholders of record on August 30, 2018.
Q2 Fiscal 2019 Summary
($ in millions except earnings per share)
Down 120 bps
Up 490 bps
Diluted earnings per share
The following information was filed by Nvidia Corp (NVDA) on Thursday, August 16, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Nvidia Corp's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed, and by Nvidia Corp.
Ticker: NVDA CIK: 1045810 Form Type: 10-Q Quarterly Report Accession Number: 0001045810-18-000114 Submitted to the SEC: Thu Aug 16 2018 4:31:19 PM EST Accepted by the SEC: Thu Aug 16 2018 Period: Sunday, July 29, 2018 Industry: Semiconductors And Related Devices