{"id":46616,"date":"2019-05-17T08:41:35","date_gmt":"2019-05-17T06:41:35","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=46616"},"modified":"2019-05-17T08:41:35","modified_gmt":"2019-05-17T06:41:35","slug":"nvidia-announces-financial-results-for-first-quarter-fiscal-2020","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/46616-nvidia-announces-financial-results-for-first-quarter-fiscal-2020\/","title":{"rendered":"NVIDIA<\/span> Announces Financial Results for First Quarter Fiscal 2020"},"content":{"rendered":"

NVIDIA<\/span> today repor\u00adted reve\u00adnue for the first quar\u00adter ended April 28, 2019, of $2.22 bil\u00adli\u00adon com\u00adpared with $3.21 bil\u00adli\u00adon a year ear\u00adlier and $2.21 bil\u00adli\u00adon in the pre\u00advious quarter.<\/p>\n

GAAP<\/span> ear\u00adnings per diluted share for the quar\u00adter were $0.64, com\u00adpared with $1.98 a year ago and $0.92 in the pre\u00advious quar\u00adter. Non-GAAP ear\u00adnings per diluted share were $0.88 com\u00adpared with $2.05 a year ear\u00adlier and $0.80 in the pre\u00advious quarter.<\/p>\n

\u201c<\/span>NVIDIA<\/span> is back on an upward tra\u00adjec\u00adto\u00adry,\u201d said Jen\u00adsen Huang, foun\u00adder and CEO<\/span> of NVIDIA<\/span>. \u201cWe\u2019ve retur\u00adned to growth in gam\u00ading, with near\u00adly 100 new GeForce Max\u2011Q lap\u00adtops ship\u00adping. And NVIDIA<\/span> RTX<\/span> has gai\u00adned broad indus\u00adtry sup\u00adport, making ray tra\u00adcing the stan\u00addard for next-gene\u00adra\u00adti\u00adon gaming.<\/p>\n

\u201c<\/span>Despi\u00adte the near-term pau\u00adse in demand from hypers\u00adca\u00adle cus\u00adto\u00admers, the appli\u00adca\u00adti\u00adon of AI<\/span> con\u00adti\u00adnues to acce\u00adle\u00adra\u00adte. AI<\/span> adop\u00adti\u00adon is acce\u00adle\u00adra\u00adting in the world\u2019s lar\u00adgest indus\u00adtries, moving bey\u00adond the cloud to the edge whe\u00adre AI<\/span> pro\u00adces\u00adsing has to be instanta\u00adneous.  We\u2019re exci\u00adted about our pen\u00adding acqui\u00adsi\u00adti\u00adon of Mel\u00adlan\u00adox, which will help us dri\u00adve data cen\u00adter archi\u00adtec\u00adtu\u00adre for high per\u00adfor\u00admance com\u00adpu\u00adting and AI<\/span> from the cloud to the edge,\u201d he said.<\/p>\n

Capi\u00adtal Return<\/strong><\/p>\n

As pre\u00advious\u00adly com\u00admu\u00adni\u00adca\u00adted, NVIDIA<\/span> intends to return $3.00 bil\u00adli\u00adon to share\u00adhol\u00adders by the end of fis\u00adcal 2020, inclu\u00adding $700 mil\u00adli\u00adon in share repurcha\u00adses made during the fourth quar\u00adter of fis\u00adcal 2019. In the first quar\u00adter of fis\u00adcal 2020, the com\u00adpa\u00adny retur\u00adned $97 mil\u00adli\u00adon in quar\u00adter\u00adly cash dividends.<\/p>\n

NVIDIA<\/span> will pay its next quar\u00adter\u00adly cash divi\u00addend of $0.16 per share on June 21, 2019, to all share\u00adhol\u00adders of record on May 31, 2019.<\/p>\n

Q1<\/span> Fis\u00adcal 2020 Summary<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n
GAAP<\/span><\/strong><\/td>\n<\/tr>\n
($ in mil\u00adli\u00adons, except ear\u00adnings per share)<\/em><\/strong><\/td>\nQ1<\/span> FY20<\/span><\/strong><\/td>\nQ4<\/span> FY19<\/span><\/strong><\/td>\nQ1<\/span> FY19<\/span><\/strong><\/td>\nQ\/Q<\/strong><\/td>\nY\/Y<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue<\/td>\n$2,220<\/td>\n$2,205<\/td>\n$3,207<\/td>\nUp 1%<\/td>\nDown 31%<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n 58.4%<\/td>\n 54.7%<\/td>\n 64.5%<\/td>\nUp 370 bps<\/td>\nDown 610 bps<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expenses<\/td>\n$938<\/td>\n$913<\/td>\n$773<\/td>\nUp 3%<\/td>\nUp 21%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting income<\/td>\n$358<\/td>\n$294<\/td>\n$1,295<\/td>\nUp 22%<\/td>\nDown 72%<\/td>\n<\/tr>\n
Net inco\u00adme<\/td>\n$394<\/td>\n$567<\/td>\n$1,244<\/td>\nDown 31%<\/td>\nDown 68%<\/td>\n<\/tr>\n
Diluted ear\u00adnings per share<\/td>\n$0.64<\/td>\n$0.92<\/td>\n$1.98<\/td>\nDown 30%<\/td>\nDown 68%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Non-GAAP<\/strong><\/td>\n<\/tr>\n
($ in mil\u00adli\u00adons, except ear\u00adnings per share)<\/em><\/strong><\/td>\nQ1<\/span> FY20<\/span><\/strong><\/td>\nQ4<\/span> FY19<\/span><\/strong><\/td>\nQ1<\/span> FY19<\/span><\/strong><\/td>\nQ\/Q<\/strong><\/td>\nY\/Y<\/strong><\/td>\n<\/tr>\n
Reve\u00adnue<\/td>\n$2,220<\/td>\n$2,205<\/td>\n$3,207<\/td>\nUp 1%<\/td>\nDown 31%<\/td>\n<\/tr>\n
Gross mar\u00adgin<\/td>\n59.0%<\/td>\n56.0%<\/td>\n64.7%<\/td>\nUp 300 bps<\/td>\nDown 570 bps<\/td>\n<\/tr>\n
Ope\u00adra\u00adting expenses<\/td>\n$753<\/td>\n$755<\/td>\n$648<\/td>\n\u2013<\/td>\nUp 16%<\/td>\n<\/tr>\n
Ope\u00adra\u00adting income<\/td>\n$557<\/td>\n$479<\/td>\n$1,428<\/td>\nUp 16%<\/td>\nDown 61%<\/td>\n<\/tr>\n
Net inco\u00adme<\/td>\n$543<\/td>\n$496<\/td>\n$1,285<\/td>\nUp 9%<\/td>\nDown 58%<\/td>\n<\/tr>\n
Diluted ear\u00adnings per share<\/td>\n$0.88<\/td>\n$0.80<\/td>\n$2.05<\/td>\nUp 10%<\/td>\nDown 57%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

NVIDIA<\/span>\u2019s out\u00adlook for the second quar\u00adter of fis\u00adcal 2020 is as follows:<\/p>\n