Just as it predicted, NVIDIA's earnings show revenue rose again in Q3, to a new record high of $1.20 billion, 15.3 percent higher than in Q2 up 12.9 percent from the same period last year. Its profits also grew accordingly, to $209.1 million, which should be no surprise thanks to its Tegra 3 chip's place at the heart of tablets including Google's Nexus 7 and Microsoft's Surface for Windows RT, with more arriving daily. The Consumer Products division that includes the Tegra family and other hardware had a 27.6 percent rise in revenue for the quarter. Despite predictions of a slumping PC market, its consumer GPU unit had revenue up 10 percent from last quarter as Kepler based products reached into lower price points and notebook revenue rose. Riding high, the company has decided to issue dividends to shareholders as well as extend its current stock repurchasing program. Hit the source links for the full breakdown, but so far NVIDIA's bets on the future of its chips in PCs and post-PC devices seem to be paying off.
Filed under: Cellphones, Desktops, Laptops, Tablets, Mobile, NVIDIA
NVIDIA's revenue hits a record $1.20 billion for Q3 powered by Tegra 3 tablets, Kepler GPUs originally appeared on Engadget on Thu, 08 Nov 2012 19:17:00 EDT. Please see our terms for use of feeds.
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