Nvda earnings date 2019
- #Nvda earnings date 2019 update#
- #Nvda earnings date 2019 software#
- #Nvda earnings date 2019 professional#
Revenue of $1.76 billion was up 13% year-on-year and down 2% sequentially. Tegra processor revenue was down 3% to $407 million. From a reporting segment perspective, GPU revenue grew 25% from a year ago to $2.77 billion. Both GAAP and non-GAAP net income exceeded $1 million for the fourth consecutive quarter. This reflects our continued shift toward higher-value platforms but also included a $57 million charge for prior architecture components and chips following the sharp falloff of crypto mining demand. GAAP gross margins grew 90 basis points year-on-year and non-GAAP gross margins rose 130 basis points. We remain excited about the growth opportunities in ray-traced gaming, rendering, high-performance computing, AI, and self-driving cars.
#Nvda earnings date 2019 software#
Our competitive position is as strong as ever, and we have expanded our addressable market with Turing and our recent software announcement. While the channel inventory situation presents a near-term headwind, it does not change our long-term fundamentals. In Q4, we also expect minimal sales of Tegra chips for game consoles due to the normal seasonal build cycle. Our Q4 outlook for gaming reflects very little shipment in the midrange Pascal segment to allow channel inventory to normalize. Gaming card prices, which were elevated following the sharp crypto falloff, took longer than expected to normalize. However, gaming was short of expectations as post crypto channel inventory took longer than expected to sell through.
#Nvda earnings date 2019 professional#
Data center, professional visualization, and automotive all hit record levels. Q3 revenue reached $3.18 billion, up 21% from a year earlier, with all 4 of our market platforms growing double digits. With that, I'd like to turn the call over to Colette. You can find a reconciliation of these non-GAAP financial measures to GAAP financial measures in our CFO commentary, which is posted on our website.
#Nvda earnings date 2019 update#
Except as required by law, we assume no obligation to update any such statements.ĭuring this call, we will discuss non-GAAP financial measures. All our statements are made as of today, November 15, 2018, based on information currently available to us. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release, our most recent Forms 10-K and 10-Q, and the reports that we may file on Form 8-K with the Securities and Exchange Commission. These are subject to a number of significant risks and uncertainties, and our actual results may differ materially. It can't be reproduced or transcribed without our prior written consent.ĭuring this call, we may make forward-looking statements based on current expectations. The content of today's call is NVIDIA's property. The webcast will be available for replay until the conference call to discuss our financial results for the fourth quarter of fiscal 2019. You can hear a replay by telephone until November 22, 2018. I'd like to remind you that our call is being webcast live on NVIDIA's Investor Relations website. With me on the call today from NVIDIA are Jensen Huang, President and Chief Executive Officer and Colette Kress, Executive Vice President and Chief Financial Officer. Good afternoon, everyone, and welcome to NVIDIA's conference call for the third quarter of fiscal 2019. Simona Jankowski - Vice President, Investor Relations I'll now turn the call over to Simona Jankowski, Vice President of Investor Relations, to begin your conference. To withdraw your question, press the # key. At this time, if you would like to ask a question, please press * then the number 1 on your telephone keypad. After the speakers' remarks, there will be question-and-answer period. Welcome to NVIDIA's financial results conference call. My name is Kelsey, and I'm your conference operator for today.