nvdalogoa18.jpg
CFO Commentary on Third Quarter Fiscal 2020 Results
Q3 Fiscal 2020 Summary
GAAP
($ in millions, except earnings per share)
Q3 FY20
Q2 FY20
Q3 FY19
Q/Q
Y/Y
Revenue
$3,014
$2,579
$3,181
Up 17%
Down 5%
Gross margin
63.6
%
59.8
%
60.4
%
Up 380 bps
Up 320 bps
Operating expenses
$989
$970
$863
Up 2%
Up 15%
Operating income
$927
$571
$1,058
Up 62%
Down 12%
Net income
$899
$552
$1,230
Up 63%
Down 27%
Diluted earnings per share
$1.45
$0.90
$1.97
Up 61%
Down 26%
Non-GAAP
($ in millions, except earnings per share)
Q3 FY20
Q2 FY20
Q3 FY19
Q/Q
Y/Y
Revenue
$3,014
$2,579
$3,181
Up 17%
Down 5%
Gross margin
64.1
%
60.1
%
61.0
%
Up 400 bps
Up 310 bps
Operating expenses
$774
$749
$730
Up 3%
Up 6%
Operating income
$1,156
$802
$1,210
Up 44%
Down 4%
Net income
$1,103
$762
$1,151
Up 45%
Down 4%
Diluted earnings per share
$1.78
$1.24
$1.84
Up 44%
Down 3%
Revenue by Reportable Segments
($ in millions)
Q3 FY20
Q2 FY20
Q3 FY19
Q/Q
Y/Y
GPU Business
$2,565
$2,104
$2,774
Up 22%
Down 8%
Tegra Processor Business
449
475
407
Down 5%
Up 10%
Total
$3,014
$2,579
$3,181
Up 17%
Down 5%
Revenue by Market Platform
($ in millions)
Q3 FY20
Q2 FY20
Q3 FY19
Q/Q
Y/Y
Gaming
$1,659
$1,313
$1,764
Up 26%
Down 6%
Professional Visualization
324
291
305
Up 11%
Up 6%
Data Center
726
655
792
Up 11%
Down 8%
Automotive
162
209
172
Down 22%
Down 6%
OEM and Other
143
111
148
Up 29%
Down 3%
Total
$3,014
$2,579
$3,181
Up 17%
Down 5%




The following information was filed by Nvidia Corp (NVDA) on Thursday, November 14, 2019 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.

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