Nvidia predicting up to $5 billion in revenue in fiscal 2013
Nvidia has unveiled its financial outlook for the 2013 fiscal year, which would begin on January 30, 2012.
Overall, Nvidia is anticipating revenue in sales of $4.7 billion to $5.0 billion compared to Wall Street estimates of $4.45 billion. Wall Street is expecting fiscal 2012 revenue of $4.12 billion with earnings of $1 a share.
Jen-Hsun Huang, NVIDIA's president and CEO, explained in a statement:
We see growth across our entire GPU and mobile-processor business. The future for computing is visual and mobile, and we are well positioned to lead in this new era.
Here are the other expected highlights, by the numbers:
- GAAP and non-GAAP gross margins of approximately 51 percent to 53 percent
- GAAP operating expenses of $1.54 billion to $1.61 billion
- Non-GAAP operating expenses of $1.38 billion to $1.43 billion
Nvidia has been growing more optimistic lately, which will likely be well founded as demand for tablets and smartphones continue to increase.
In August, Nvidia delivered solid earnings for the second quarter at 32 cents a share on a revenue of $1.02 billion. Those figures gave Nvidia the confidence to boost its revenue outlook growth up by four to six percent for the third quarter.
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