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NVIDIA Q3 Profits Surge On GeForce 6

By on November 5, 2004 9:26 am

NVIDIA today reported financial results for the third quarter of fiscal 2005
ended October 24, 2004. For the third quarter of fiscal 2005, revenue was $ 515.6
million, compared to $ 486.1 million for the third quarter of fiscal 2004. Net
income for the third quarter of fiscal 2005 was $ 25.9 million, or $ 0.15 per
diluted share, compared to net income of $ 6.4 million, or $ 0.04 per diluted
share, for the third quarter of fiscal 2004, an increase of over 300 percent.

"We delivered our best quarter in nearly two years," stated Jen-Hsun Huang,
president and CEO of NVIDIA. "We are at the early stages of our GeForce 6 ramp.
Our improving financial performance reflects the success of the GeForce 6
architecture and our strategy to re-capture the technology leadership position.
We are ramping the GeForce 6 family aggressively and intend to quickly drive our
award-winning architecture into every segment and market we serve."

NVIDIA Corporation today reported financial results for the third quarter of
fiscal 2005 ended October 24, 2004. For the third quarter of fiscal 2005,
revenue was $ 515.6 million, compared to $ 486.1 million for the third quarter of
fiscal 2004. Net income for the third quarter of fiscal 2005 was $ 25.9 million,
or $ 0.15 per diluted share, compared to net income of $ 6.4 million, or $ 0.04 per
diluted share, for the third quarter of fiscal 2004, an increase of over 300
percent.

Revenue for the nine months ended October 24, 2004 was $ 1.44 billion, compared
to revenue of $ 1.35 billion for the nine months ended October 26, 2003. Net
income for the nine months ended October 24, 2004 was $ 52.3 million, or $ 0.30
per diluted share, compared to net income of $ 50.3 million, or $ 0.29 per diluted
share, for the nine months ended October 26, 2003.

"We delivered our best quarter in nearly two years," stated Jen-Hsun Huang,
president and CEO of NVIDIA. "We are at the early stages of our GeForce 6 ramp.
Our improving financial performance reflects the success of the GeForce 6
architecture and our strategy to re-capture the technology leadership position.
We are ramping the GeForce 6 family aggressively and intend to quickly drive our
award-winning architecture into every segment and market we serve."

Third Quarter Fiscal 2005 Highlights

  • NVIDIA launched and delivered volume production of three new desktop
    GeForce(TM) 6 graphics processing units (GPUs) designed for the mainstream and
    value segments including the 6600 GT, 6600 and 6200. Unit shipments of all
    GeForce 6 GPUs increased by more than 500 percent over the previous quarter.
  • NVIDIA grew share from 26 percent to 64 percent in the Performance DX9
    desktop GPU segment, and regained the number one spot, according to Mercury
    Research’s Third Quarter PC Graphics Report 2004.
  • NVIDIA announced and shipped the new NVIDIA nForce4(TM) family of PCI
    Express media and communications processors (MCPs). The NVIDIA nForce4 enables
    a new class of performance PCs with the introduction of the revolutionary
    SLI(TM) scalable graphics technology, ActiveArmor(TM) secure networking
    engine, native support for next generation SATA 3Gb/s hard drive technology
    and nTune(TM) system utility.
  • NVIDIA’s GoForce(TM) wireless media processor (WMP) is standard in
    Motorola’s new 3G cell phones and has started volume production the third
    quarter. The WMP product line is now the Company’s fastest growing business.
  • NVIDIA announced the GoForce 3D 4500, the world’s first 3D WMP to deliver
    high-performance 3D and multimedia functionality, revolutionary power
    management and 3.1 megapixel camera support in a single processor. Gizmondo
    Europe Ltd., a subsidiary of Tiger Telematics Inc., announced that the GoForce
    3D 4500 will be incorporated into Gizmondo’s upcoming game pad.
  • NVIDIA achieved record revenue in the workstation business group. Led by
    the NVIDIA Quadro(TM) FX 4400 SLI, the professional graphics industry’s
    fastest solution, the Company’s workstation business has grown approximately
    100 percent year-over-year.
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