Nvidia profits double, stock splits

PC and PS3 graphics chipmaker takes in $172.7 million in Q2, announces three-for-two stock split.

Nvidia, one of the two primary makers of graphics cards for gaming PCs, today reported a massive surge in quarterly profits. For the three months ended July 29, the company saw net income of $172.7 million ($0.43 per share) on revenue of $935.3 million. That's way up from the $86.8 million ($0.22 per share) on revenue of $687.5 million it took in during the same period in 2006.

"Our ongoing strategy to extend the reach of the GPU is paying off," said Nvidia CEO and president Jen-Hsun Huang, stating the obvious. "There is a fast-growing universe of applications that rely on the processing capability of the GPU, from 3D design and styling tools, video- and photo-editing software, 3D maps, and video games, to the user interfaces of the Mac and Vista."

Besides its extensive line of GeForce GPUs for PCs, the company also makes the RSX graphics chip used in the PlayStation 3. The graphics chips used in the Xbox 360 and Nintendo Wii are made by Nvidia's archrival, AMD-owned ATI, which also makes the Radeon line of PC GPUs.

Nvidia is marking its success by offering a 3-for-2 stock split. As of the end of business on Monday, August 20, owners of any two shares of Nvidia stock will receive a third gratis. After the split is completed in early September, Nvidia will have around 550 million shares of common stock.

78 Comments

  • NeoNavarro

    Posted Aug 13, 2007 12:09 am PT

    I always picked Nvidia well over ATI. Too bad the RSX GPU is only made integrated for the PS3's and cannot be store bought. I wonder how the card would have played out for us PC gamers?

  • Rentago

    Posted Aug 11, 2007 11:28 pm PT

    Yuck_Too, is right.

    I wonder if Nvidia is making them drop the production of the consoles they drop the price on.

  • squall316

    Posted Aug 11, 2007 7:21 pm PT

    if only ATI/AMD could make competitive chips instead of total crap....

  • BigMattock

    Posted Aug 11, 2007 2:13 pm PT

    i lerned 2 spel by reeding this threed!!!

  • Hitamaru-homia

    Posted Aug 10, 2007 2:18 pm PT

    Im suprised they profit so little... i mean there Gcards are Awesome. im using a GF series 4 MX 4000 right now i run most MMORPGS.

  • makemeweak

    Posted Aug 10, 2007 1:19 pm PT

    Nvidia is pretty good, but my next card will be an ATI - I'm very interested in what they can do with unified shaders.

  • valcrist09

    Posted Aug 10, 2007 11:49 am PT

    na i think Sony and Nvidia is a good team, I am impressed with Nvidias latest series of graphics card they have really stepped it up a notch, and i think there RSX card is very nice considering it was based off there 7900 series which was a great series imo. all in all i dont think Nvidia will have any problems with sony. I own a 8800 GTX and my brother has ATIs best and the GTX destroys it pretty much.. I will not go back to ATI unless Nvidia screws up.

  • FragMonkey09

    Posted Aug 10, 2007 9:48 am PT

    You know, Nvidia lets their emlpoyees purchase stock (at reduced prices).

    I'm hoping to work for them one day.

  • railz38539

    Posted Aug 10, 2007 7:49 am PT

    I'm pretty sure Nvidia is pretty happy with sony right now. They're not gonna have any problems like they did with MS any time soon.

  • The_Weekend

    Posted Aug 10, 2007 6:50 am PT

    I'm happy with my old graphics card .... long lasting nvidia!

  • Yuck_Too

    Posted Aug 10, 2007 6:29 am PT

    I wonder if Nvidia and Sony will get into the same legal nonsense that Nvidia and MS did with the original Xbox.

    For those that don't remember MS wanted to drop the price of the original Xbox but Nvidia did not want to share in that price cut, it all went from bad to worse and the end result is they went their separate ways.

    It's actually a bit worse in that Nvidia then required MS to write the emulators for backwards compatibility because they would not license their product to be used in the 360.

    Everyone blamed MS for going with software emulation but the fact is Nvidia left them no choice.

    And now we see some more of that same attitude...Nvidia making money while Sony takes the hit on the PS3.

  • Pinkyimp

    Posted Aug 10, 2007 5:50 am PT

    Next Gen is a buzzword. An annoying one.

    yep when it comes to consoles.... and G4tv


    but anyway it did take too long for the cards and not only that but they were disappointments as well, they ran hot, too to much power and were expensive at the time the 8800GTS 320 was cheaper and it also is taking AMD forever to release there Phenom processors so right now im going Intel/nVIDIA!

  • Generic_Dude

    Posted Aug 10, 2007 5:07 am PT

    Some folks just made a whole helluva lot of money.

  • SaitouZero

    Posted Aug 10, 2007 5:02 am PT

    ATi just took too long to release it's DX10 cards and nVidia took advanatage of this by selling tons of 8000 series to people who were sick of waiting like myself.

    Also the 8800 GTS 320MB is probably the best video card for the money EVER.

  • diablobasher

    Posted Aug 10, 2007 4:08 am PT

    Yeah, the GPU's in Wii and 360 are very different. Just because they are made by the same company bears no relevance.

    ATI has card ranging from dx7 up to dx10, just like nVidia does, neither one is 'inferior' just different. And the only reason nVidia is seeing such a massive surge in sales right now is because ATI's dx10 cards aren't out yet (or if they are, have not been very long)

    Not that i dislike either nVidia or ATI. I'm in the middle ground at the moment, because i've had nothing but trouble from ATI cards, but an nVidia card blew up my PC last summer...

  • diablobasher

    Posted Aug 10, 2007 4:08 am PT

    Next Gen is a buzzword. An annoying one.

  • majin_vegeta300

    Posted Aug 10, 2007 4:05 am PT

    no no no jacob....just because ATI makes gpu's for the wii and 360, dosen't mean they are the same one

  • everson_rm

    Posted Aug 10, 2007 3:20 am PT

    Well, Jacob, youre almost right, but the 360 VGA is at least 3times faster than the one in Wii...

  • imprezawrx500

    Posted Aug 10, 2007 3:01 am PT

    what people don't relise is amd bought ati for intergrated graphics to rival intel, not for highend graphics. if you don't care about the fastest card then ati still has great offerings just nvidia is the leader right now

  • jacob-goodlich

    Posted Aug 10, 2007 2:59 am PT

    wow, the 360 s card is like the one in the wii...how embarressing, ps3 is the real next gen!

  • ppau08223

    Posted Aug 10, 2007 2:57 am PT

    i honestly cant wait to see their second generation of unified shader cards. if their first attempt was so good them who knows how good the second will be??

  • DADA_007

    Posted Aug 10, 2007 2:31 am PT

    Nvidia Graphics card is so expansive thats why i'll buy ps3 inshallah

  • Khoo1992

    Posted Aug 10, 2007 2:00 am PT

    I will buy Nvidia soon

  • gamer082009

    Posted Aug 10, 2007 1:58 am PT

    For some reason Nvidia cards seem to be more worthy, although I currently have an Ati in my PC..I feel Nvidia is where it's at. My next card will surely be some type of Nvidia DX 10 card.

  • anamnawshad

    Posted Aug 10, 2007 1:57 am PT

    ATi 2900 is weak-sauce compared to 8800.....

  • Jacob_Wedin

    Posted Aug 10, 2007 12:52 am PT

    "As of the end of business on Monday, August 20, owners of any two shares of Nvidia stock will receive a third gratis."

    I'd say Tor Thorsen is tired and possibly swedish or norwegian.

  • smbius

    Posted Aug 10, 2007 12:22 am PT

    I remember buying 3dfx cards back in the day and when Nvidia came out with their TNT card I was skeptical until I bought one and tried it. Since then, I have never bought other brands. Nvidia all the way.

  • hrah

    Posted Aug 10, 2007 12:18 am PT

    I always liked ATI cards but this generation is NVIDIA all the way baby !!!.

  • oovi3tboioo

    Posted Aug 10, 2007 12:04 am PT

    From what I remember ATI wasn't doing well before AMD bought them. That why ATI agree to be bought by AMD.

  • crazy1pumpkins

    Posted Aug 9, 2007 11:46 pm PT

    DontEatCream:
    You are correct, sir!

  • smoothn00dle

    Posted Aug 9, 2007 11:39 pm PT

    where is ATI?

  • rdo

    Posted Aug 9, 2007 10:50 pm PT

    they should have held off. i think ati is going to pull far ahead when the dx10 games start rolling out.

  • ketsuatama

    Posted Aug 9, 2007 10:40 pm PT

    Always been happy with Nvidia products; keep up the good work and give the consumers what they want at a reasonable price.

  • DontEatCream

    Posted Aug 9, 2007 10:24 pm PT

    I am happy to see NVidia doing so well, but I really want AMD/ATi to get on the rebound. After all, more competition between the two companies results in much better products and prices for the consumer.

  • Tyler135791

    Posted Aug 9, 2007 9:30 pm PT

    i think ever since amd bought ati, ati has lost a lot of momentum. As an ati fan, it's nice to see nvidia doing well, but i would have liked to have seen if ati would have done as well or better if they were not bought by amd

  • alberto2045

    Posted Aug 9, 2007 9:23 pm PT

    cheese luis

  • comthitnuong

    Posted Aug 9, 2007 9:17 pm PT

    Good for them. Nvidia has been doing well.

  • DJSMITH007

    Posted Aug 9, 2007 9:04 pm PT

    Nvidia is dominating ATI.

  • lettuceman44

    Posted Aug 9, 2007 8:55 pm PT

    @azizrulez- what are you talking about? ATI did a superb job on the ATI 2900xt. Did you not see the recent benchmarks? It is not rivaling the GTX,and it is also $100 cheaper. It is also predicted that the 2900xt will do better then the GTX,and might even match the Ultra in dx10, for the reason that R600 was built buy how dx10 works, while G80 did not follow that as much, like the AA through shaders, which is what is killing the 2900xt in dx9 games, and making the G80 excel since it doesn't have that(though drivers are greatly improving AA for ATI, and the next driver update looks to be big). But in dx10, AA is done through shaders, just how the 2900xt does it. The only reason it got bad publicity is the media freaked out, and judged the card to early. Now, that is starting to change, and on TomsHardware, it is even the recommended one now, and starting to show what it can do.

    Makhdoom82
    8800 is really paying Nvidia ... hey Ati what do you have to match that !!!
    -look above. foxracing1313
    ATi hasn't been doing anything in the laptop/PC sector since last year...

    This wasn't exactly hard for nvidia to do...
    -ha, they have been doing plenty. They have lots of things in the works, one thing of interest is a multi core gpu,(forgot name, I think R750 or something)

    -wardrobe-
    gonna get me a 9800 when they are out
    -it has been said that the 9800 is a filler in the gap between 8600 and 8800. Nothing is for sure right now

  • azizrulez

    Posted Aug 9, 2007 8:36 pm PT

    not too shocking to me actually,ATI really dropped the ball on the DX 10 cards

  • xophaser

    Posted Aug 9, 2007 8:32 pm PT

    I guess I have owned quite a few nvidia cards, once I think about it. TNT, Geforce256, GeforceGo4, RSX and 8800gts 640.

  • foxracing1313

    Posted Aug 9, 2007 8:21 pm PT

    ATi hasn't been doing anything in the laptop/PC sector since last year...

    This wasn't exactly hard for nvidia to do...

  • Valen_Ca

    Posted Aug 9, 2007 8:00 pm PT

    It's not like this was hard to do, ATI hasn't had anything to compete with them on the high end for almost a year now.

  • AL13NK1LL3R

    Posted Aug 9, 2007 7:58 pm PT

    yay go nvidia!!

  • miningguy

    Posted Aug 9, 2007 7:57 pm PT

    nVidia way to go

    i also love your 8800 Utra

  • j3v1zzle

    Posted Aug 9, 2007 7:36 pm PT

    Good for Nvidia.

  • shadeboy101

    Posted Aug 9, 2007 7:24 pm PT

    8800gts640 overclocked myself. tnx nV

  • playstation_wii

    Posted Aug 9, 2007 6:59 pm PT

    Can wait for the new line of cards to come out!

  • WNxUSA

    Posted Aug 9, 2007 6:47 pm PT

    Niceness! My 6600 GT still kicks some of todays games Long live nVidia! Good to see them doing so well After being only a nVidia fan, this is definately a plus sign for the company.

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