Nvidia's Q2 results strong courtesy of Tegra sales

Nvidia's Q2 results strong courtesy of Tegra sales

Summary: Nvidia design wins for Google's Nexus 7 tablet and Microsoft's Surface tablet highlighted momentum for the company's Tegra processor.

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Nvidia reported better-than-expected second quarter results and said that its Tegra chips delivered record sales.

The graphics processor company reported second quarter earnings of $119 million, or 19 cents a share, on revenue of $1.04 billion. Non-GAAP earnings for the quarter were 27 cents a share.

Wall Street was expecting Nvidia to report second quarter earnings of 14 cents a share on revenue of $1.01 billion.

Jen-Hsun Huang, CEO of Nvidia, was upbeat about the company's prospects.

Tegra has achieved record sales as tablets come into their own. Our GPU business made strong gains in a weak market, boosted by our Kepler architecture. Looking ahead, we're optimistic.

Indeed, Nvidia's Tegra 3 processor powers Google's Nexus 7 tablet as well as Microsoft's upcoming Surface device.

As for the outlook, Nvidia projected third quarter revenue between $1.15 billion to $1.25 billion. Wall Street was expecting third quarter revenue of $1.09 billion. Margins in the third quarter are expected to be flat, or about 52 percent, with the second quarter.

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Topics: Mobility, Hardware, Processors, Smartphones, Tablets

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4 comments
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  • muahahaha

    NVidia is laughing at everyone who said it was too early to come out with a quad core processor
    theoilman
  • Kudos to NVidia

    I know that certain people here were given a talking point brochure from their boss that Texas Instrument's processors are the only ones that should be made and only then if they are purchased by Apple but some of us appreciate competition.
    toddbottom3
    • Dunno if NVidia will make it

      I Think NVidia will get into troubles because they don't own the manufactoring plants and they don't control arm.

      Intel got a heavy advantage by owning their own tech and plants. NVidia is like a middleman in the Arm segment and can easily be replaced by Samsung, Qualcomm or Apple itself.
      Oden79
  • Yep

    Tegra 3 is getting recognition for its gaming capabilities and those tablets Seem to be getting a lot of attention at Best Buy and Game Stop these days... I'm sure Amazon has them selling well also.
    slickjim