NVIDIA Reports Operating Results for Second Quarter Fiscal Year 2005
For further information, contact:
FOR IMMEDIATE RELEASE
SANTA CLARA, CA – August 5, 2004 – NVIDIA Corporation (Nasdaq: NVDA) today reported financial results for the second quarter of fiscal 2005 ended July 25, 2004.
For the second quarter of fiscal 2005, revenue was $456.1 million, compared to $459.8 million for the second quarter of fiscal 2004. Net income for the second quarter of fiscal 2005 was $5.1 million, or $0.03 per diluted share, compared to net income of $24.2 million, or $0.14 per diluted share, for the second quarter of fiscal 2004.
Revenue for the six months ended July 25, 2004 was $928.0 million, compared to revenue of $864.8 million for the six months ended July 27, 2003. Net income for the six months ended July 25, 2004 was $26.5 million, or $0.15 per diluted share, compared to net income of $43.9 million, or $0.26 per diluted share, for the six months ended July 27, 2003.
Second Quarter Fiscal 2005 Highlights
NVIDIA will conduct a conference call with analysts and investors to discuss its second quarter fiscal 2005 financial results and current financial prospects today at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time). To listen to the call, please dial (706) 679-0543. A live web cast (listen-only mode) of the conference call will be held at the NVIDIA investor relations web site http://www.nvidia.com and at http://www.streetevents.com. The web cast will be recorded and available for replay until the Company’s conference call to discuss its financial results for its third quarter fiscal 2005.
Certain statements in this press release including, but not limited to, statements as to our efforts to integrate our products into the value desktop, notebook and professional business segments, the benefits, performance and capabilities of GeForce 6 GPUs, and our key design wins are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Such risks and uncertainties include, but are not limited to, manufacturing and other delays relating to our current and new products, difficulties integrating our products into customers’ products, difficulties in the fabrication process and NVIDIA’s dependence on third-party manufacturers, general industry trends including cyclical trends in the PC, handheld and semiconductor industries, manufacturing costs and the pricing of components such as memory, the impact of competitive products and pricing alternatives, changes in industry standards and interfaces, market acceptance of our new products, our dependence on third-party developers and publishers and the impact of litigation and other proceedings and other risks detailed from time to time in NVIDIA’s reports filed with the Securities and Exchange Commission including its Form 10-Q for the quarter ended April 25, 2004 and other filings made from time to time with the SEC. These forward-looking statements speak only as of the date of this release. NVIDIA disclaims any obligation to update these forward-looking statements.
# # #
Copyright © 2004 NVIDIA Corporation. All rights reserved. All company and/or product names may be trade names, trademarks and/or registered trademarks of the respective owners with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.
# # #
Note to editors: If you are interested in viewing additional information on NVIDIA, please visit the NVIDIA Press Room at http://www.nvidia.com/view.asp?PAGE=press_room.