Q1 NVIDIA results - BeHardware

The graphics chip manufacturer has just announced its financial results for the first quarter. They have announced revenue of USD 962 million. This is an 8.5% increse on the previous quarter but is 4% down on a year ago. In terms of net profits, the company is at USD 135.2 million as against USD 171.7 for the fourth quarter. NVIDIA recorded a payment of USD 57 million from Intel for the last quarter which boosted results following the settlement we reported on at the beginning of the year. For this quarter the Intel payment only amounted to USD 22 million. Last year, in spite of the financial downturn and without any Intel payments, NVIDIA recorded profits of USD 137.6 million.

As we explained last week developments in the graphics chip market are having an impact on NVIDIA though the Tegra division was up 78.2%. The launch of Tegra 2 tablets such as the Motorola Xoom and its clones (Tegra 2 was part of the reference design validated for Honeycomb by Google, which is why it’s used on all Android tablets) has had a positive impact. In terms of smartphones, the Droid X2 will be launched on May 26th.