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NVIDIA beats Q1 expectations with $77.9 million in profit

By Michael Heller

Published: May 09, 2013, 9:54 PM

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NVIDIA beats Q1 expectations with $77.9 million in profit

After seeing the quarterly numbers from companies like Google, Apple, Microsoft, and Samsung, the numbers reported by NVIDIA look like a drop in the bucket. But, NVIDIA has beaten expectations for its Q1 earnings with $77.9 million in profit, causing the company's stocks to climb in after-hours trading. Not surprisingly, NVIDIA's Q1 profit numbers actually show a drop of about 55% from Q4 of 2012, but a holiday quarter tends to be a big one. The quarter still marked a 29% increase year-on-year for NVIDIA.

NVIDIA reported today that the company had earned $954.7 million in revenue, and maybe the best news for investors: the company's profit margins are at the highest levels ever. All of this good news is leading NVIDIA to also announce that it will initiate a $1 billion program of stock buybacks and dividends for investors.

Things are certainly looking up for NVIDIA, and the future looks to stay bright with the Tegra 4 on the way.

source: NVIDIA via Engadget

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Michael Heller is known for his clear and informative articles on mobile technology. He explores important topics such as the rollouts of 5G networks and the advancements in mobile payments, offering readers insights into the evolving tech landscape.