01—Abstract
Summary
Summary of the 10-Q filed August 20, 2009. Cited figures are marked; the original filing is the authoritative source.
NVIDIA Corporation's 10-Q filing for the period ending July 25, 2009, reveals a company navigating the challenging economic environment of 2009.
The report details financial performance for the second quarter and first half of fiscal year 2010, providing investors with insights into revenue trends, profitability, and the company's financial health. Key areas of focus include the performance of its core GPU business, potential impacts from the broader economic downturn, and strategic initiatives aimed at maintaining market share and driving future growth. While specific figures are not provided in the excerpt, investors should pay close attention to the details within the Condensed Consolidated Statements of Operations and Balance Sheets.
These statements will outline revenue generation, cost of goods sold, operating expenses, and net income, offering a clear picture of the company's profitability. Furthermore, the Management's Discussion and Analysis (MD&A) section is crucial for understanding the drivers behind these results, including segment performance, market conditions, and management's outlook. The filing also addresses risk factors and legal proceedings, which are important considerations for assessing the company's overall risk profile.
02—Key points
Key Highlights
- The filing covers NVIDIA's financial performance for the second quarter and the first half of fiscal year 2010, ending July 25, 2009.
- It includes unaudited condensed consolidated financial statements (Statements of Operations, Balance Sheets, Statements of Cash Flows).
- Management's Discussion and Analysis (MD&A) provides crucial insights into the company's financial condition and results of operations.
- The report details quantitative and qualitative disclosures regarding market risk exposure.
- Information on legal proceedings and risk factors is presented, offering transparency into potential challenges.
- The filing addresses controls and procedures, as well as other corporate matters like unregistered sales of equity securities and exhibits.
03—One dollar
Follow one dollar
For each $1.00 of revenue in Q2 FY2010, NVIDIA Corp lost $0.14.
- Revenue$776.5M100.0%
- Cost of revenue−$619.8M79.8%
- Gross profit$156.7M20.2%
- Operating costs−$266.8M34.4%
- Operating income−$110.1M14.2%
- Interest, other & tax$4.8M0.6%
- Net income−$105.3M13.6%
04—Financials
Financial Highlights
Figures from 10-QQ2 FY2010filed August 20, 2009Financial Statements
Q2 FY2010 against Q2 FY2009
| Line item | Q2 FY2010Q2 FY2009 | Change |
|---|---|---|
| Revenue | $776.52M$892.68M | −13.0% |
| Cost of Revenue | $619.80M$742.76M | −16.6% |
| Gross Profit | $156.72M$149.92M | +4.5% |
| R&D Expenses | $192.85M$212.91M | −9.4% |
| SG&A Expenses | $73.97M$92.40M | −19.9% |
| Operating Expenses | $266.83M$305.31M | −12.6% |
| Operating Income | -$110.11M-$155.39M | +29.1% |
| Net Income | -$105.30M-$120.93M | +12.9% |
| EPS (Basic) | $-0.00$-0.01 | +13.6% |
| EPS (Diluted) | $-0.00$-0.01 | +13.6% |
| Shares Outstanding (Basic) | 21.87M22.22B | −99.9% |
| Shares Outstanding (Diluted) | 21.87M22.22B | −99.9% |
05—Questions
Frequently Asked Questions
What is the primary focus of this 10-Q filing?
This 10-Q filing provides an update on NVIDIA's financial performance and condition for the second quarter and the first half of fiscal year 2010, ending July 25, 2009. It includes financial statements, management's analysis of results, and risk disclosures.
Where can I find detailed financial performance data?
Detailed financial performance data, including revenues, costs, and profitability, can be found in the unaudited Condensed Consolidated Statements of Operations for the three and six months ended July 26, 2009.
What information is available regarding NVIDIA's financial health?
Information regarding NVIDIA's financial health, including its assets, liabilities, and equity, is available in the Condensed Consolidated Balance Sheets as of July 26, 2009. The Condensed Consolidated Statements of Cash Flows will also provide insights into the company's cash generation and usage.
What does Management's Discussion and Analysis (MD&A) cover?
The MD&A section offers management's perspective on the company's financial condition and the factors that influenced its results of operations. It's essential for understanding the narrative behind the numbers, including revenue drivers, cost management, and future outlook.
06—Continue