Nvidia ups its game, but forecast is weak

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Nvidia (NVDA), known for high-performance graphics processors that enhance the gaming experience, said fourth-quarter net income rose 50% year-on-year to $174 million. Revenue was $1.1 billion, and analysts were expecting another billion-dollar-plus quarter going forward, but Nvidia said that was too optimistic. Apparently still smarting from weak PC sales, the chipmaker now says revenue will be closer to $940 million this quarter, plus or minus 2 percent.

As the PC market stagnates, Nvidia is not sitting still. The company has made big inroads into mobile devices, particularly tablets. At CES 2013, it unveiled its Tegra 4 processor, calling it the world’s fastest chip.

“It’s the world’s first quad core A15, so at the high end lots of performance,” said Tegra 4 product manager Doug MacMillan. “I think the significant thing in the chip is the graphic performance. We’ve gone from a 12-core GPU to a 72-core GPU … it allows us to do amazing things in the graphics space.”

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Martha DeGrasse

Editor, Wireless Infrastructure
[email protected]
Martha DeGrasse is an editor at RCR Wireless News, and is the creator of the RCR Mobile Minute. Martha has been with RCR Wireless News since 2011. Her current focus areas are wireless infrastructure and heterogeneous networks. Prior to joining RCR Wireless News, Martha produced business and technology news for CNN and Dow Jones in New York. Martha left Dow Jones to move to Austin, Texas, where she managed the online editorial group at Hoover’s Online before taking a number of years off to be at home when her children were young. Follow her at Twitter @mdegrasseRCR