8-KEarnings & ResultsOther EventsExhibits & Filings

NVIDIA CORP 8-K Report, Financial Results (Nov 8, 2012)

Filed November 8, 2012For Securities:NVDA

Summary

NVIDIA Corporation (NVDA) filed an 8-K report on November 8, 2012, announcing its financial results for the third quarter of fiscal year 2013, which ended October 28, 2012. The report includes a press release and commentary from the interim CFO, detailing operational and financial performance for the quarter and nine months. This filing is crucial for investors seeking an update on the company's recent financial health and strategic capital allocation decisions. Beyond the quarterly earnings, the 8-K highlights two significant capital allocation initiatives: the initiation of a quarterly cash dividend program and the extension of its existing share repurchase program. The company declared an initial quarterly dividend of $0.075 per share, signaling a commitment to returning capital directly to shareholders. Furthermore, the share repurchase program, originally established in 2004, was extended through December 2014, indicating ongoing confidence in the company's value and its intention to continue reducing outstanding shares.

Key Highlights

  • 1NVIDIA reported its financial results for the third quarter and nine months ended October 28, 2012.
  • 2The company announced the initiation of a quarterly cash dividend program, with an initial payment of $0.075 per share.
  • 3The first dividend payment is scheduled for December 14, 2012, to shareholders of record on November 23, 2012.
  • 4NVIDIA extended its existing $2.7 billion share repurchase program through December 2014.
  • 5To date, NVIDIA had spent $1.46 billion to repurchase 90.9 million shares under the program.
  • 6The press release and CFO commentary, furnished as exhibits, provide further details on the financial performance and outlook.
  • 7All information provided in this 8-K is furnished and not deemed 'filed' under Section 18 of the Securities Exchange Act of 1934, nor subject to certain liabilities under the Securities Act of 1933.

Frequently Asked Questions

The 8-K filing references a press release and CFO commentary for detailed financial results for the three and nine months ended October 28, 2012. While the specific numbers are not detailed in the 8-K text itself, these exhibits are available for investors to review the revenue, profit, and other key financial metrics for the period.

Yes, NVIDIA announced the initiation of a quarterly cash dividend program. The first quarterly dividend will be $0.075 per share of common stock, payable on December 14, 2012, to shareholders of record as of the close of business on November 23, 2012.

NVIDIA has extended its existing $2.7 billion share repurchase program. This program, initiated in August 2004, will now continue through December 2014. As of the filing date, the company had utilized $1.46 billion to repurchase 90.9 million shares.

No, the information provided in this specific 8-K filing, including the press release and CFO commentary, is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934 or subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933. This means it does not carry the same legal implications as a fully 'filed' document.