NEW YORK, NY — (Marketwire) — 09/06/11 — NVIDIA announced at a financial conference
this afternoon that it has provided a financial outlook for fiscal year
2013, which begins Jan. 30, 2012.
The company anticipates revenue of $4.7 billion to $5.0 billion.
It expects GAAP and non-GAAP gross margins of approximately 51 percent to
53 percent.
NVIDIA further anticipates GAAP operating expenses of $1.54 billion to
$1.61 billion, and non-GAAP operating expenses of $1.38 billion to $1.43
billion. Non-GAAP operating expenses are expected to exclude stock-based
compensation expense, amortization of acquisition-related intangible assets
and other acquisition-related costs.
“We see growth across our entire GPU and mobile-processor business,” said
Jen-Hsun Huang, NVIDIA president and chief executive officer. “The future
for computing is visual and mobile, and we are well positioned to lead in
this new era.”
To supplement the company-s outlook for fiscal 2013, prepared in accordance
with GAAP, the company uses non-GAAP measures of certain components of
financial performance. These non-GAAP measures include non-GAAP gross
margin and non-GAAP operating expenses. In order for NVIDIA-s investors to
be better able to compare its outlook with the results of previous periods,
the company has shown a reconciliation of GAAP to non-GAAP financial
measures. These reconciliations adjust the related GAAP financial measures
to exclude stock-based compensation expense, amortization of
acquisition-related intangible assets and other acquisition-related costs.
NVIDIA believes the presentation of its outlook using non-GAAP financial
measures enhances the user-s overall understanding of the company-s
historical financial performance. The presentation of the company-s
non-GAAP financial measures is not meant to be considered in isolation or
as a substitute for the company-s financial results or outlook prepared in
accordance with GAAP, and our non-GAAP measures may be different from
non-GAAP measures used by other companies.
NVIDIA (NASDAQ: NVDA) awakened the world to the power of computer graphics
when it invented the GPU in 1999. Since then, it has consistently set new
standards in visual computing with breathtaking, interactive graphics
available on devices ranging from tablets and mobile phones to notebooks
and workstations. NVIDIA-s expertise in programmable GPUs has led to
breakthroughs in parallel processing which make supercomputing inexpensive
and widely accessible. The Company holds more than 1,900 issued patents
worldwide, including ones covering designs and insights that are essential
to modern computing. For more information, see .
Certain statements in this press release including, but not limited to
statements as to: the company-s financial outlook for its fiscal year
beginning January 30, 2012 and ending January 27, 2013; the growth of our
GPU and mobile businesses; the future of computing as visual and mobile;
our positioning to lead the future of computing; and the effects of the
company-s patents on modern computing are forward-looking statements that
are subject to risks and uncertainties that could cause results to be
materially different than expectations. Important factors that could cause
actual results to differ materially include: global economic conditions;
our reliance on third parties to manufacture, assemble, package and test
our products; the impact of technological development and competition;
development of new products and technologies or enhancements to our
existing product and technologies; market acceptance of our products or our
partners products; design, manufacturing or software defects; changes in
consumer preferences or demands; changes in industry standards and
interfaces; unexpected loss of performance of our products or technologies
when integrated into systems; as well as other factors detailed from time
to time in the reports NVIDIA files with the Securities and Exchange
Commission, or SEC, including its Form 10-Q for the fiscal period ended
July 31, 2011. Copies of reports filed with the SEC are posted on the
company-s website and are available from NVIDIA without charge. These
forward-looking statements are not guarantees of future performance and
speak only as of the date hereof, and, except as required by law, NVIDIA
disclaims any obligation to update these forward-looking statements to
reflect future events or circumstances.
© 2011 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo
are trademarks and/or registered trademarks of NVIDIA Corporation in the
U.S. and other countries. Other company and product names may be
trademarks of the respective companies with which they are associated.
Features, pricing, availability, and specifications are subject to change
without notice.
Rob Csongor
Investor Relations
NVIDIA Corporation
(408) 486-6373
Robert Sherbin
Corporate Communications
NVIDIA Corporation
(408) 566-5150
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