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[Techreport.com] Nvidia reports record-breaking revenue in fiscal Q2 2018 - i4memory.com - different look at memory

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Old 14-08-2017, 12:32 AM   #1
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[Techreport.com] Nvidia reports record-breaking revenue in fiscal Q2 2018

Nvidia put its earnings report for the second fiscal quarter of 2018 on the table yesterday. As one might expect given the company's dominance of the profitable high-end gaming sector and the money-printing GPU compute market, the company's financials were up across the board compared to last year. Reported revenue was a company-record $2.23 billion, up 56% from $1.43 billion in Q2 2017. Operating income saw even larger boosts, displaying a Q2 2018 figure of $688 million, 117% higher than the same period a year ago. The company reported GAAP gross margins of 58.4% and GAAP margins of 58.6%, both representing a 0.5% increase year-over-year, but also a quarterly drop. Nvidia's CFO commentary says this drop is the result of the end of a licensing deal with Intel.

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