Hasta La Gadget!

NVIDIA has published its Q3 financial report, showing off its record revenue of $1.2 billion. Also included in the report is its announcement of initiating quarterly cash dividend payment, as well as extending its share-repurchase program until December of 2014. All of this was rounded out by some enthusiastic statements by the company’s president and CEO about a promising future.

Aside from the company’s record revenue, GAAP net income was $209.1 million, which comes in at $0.33 per diluted share. Non-GAAP income was a bit higher at $0.39 per diluted share. The newly-initiated quarterly dividend is 7.5 cents a share. Overall, the quarterly revenue represents a 12.9-percent jump over last year, and a 15.3-percent jump over the last quarter.

NVIDIA’s President and CEO Jen-Hsun Huang offered this statement. “Investments in our new growth strategies paid off this quarter in record revenues and margins. Kepler GPUs are winning across the special-purpose PC markets we serve, from gaming to design to supercomputing. And Tegra is powering some of the most innovative tablets, phones and cars in the market.”

Some of the company’s Q3 highlights include the launch of the Tegra 3-based Surface RT hybrid from Microsoft, as well as the company’s Kepler GPU getting some market action. Moving forward, NVIDIA has expectations of revenue between $1.025 and $1.175 billion for the fiscal fourth quarter. Previously, the company reported that the decline in the PC market was resulting in unsold chips, hurting its profits.

[via Bloomberg]

NVIDIA Q3 financial report shows record revenue is written by Brittany Hillen & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Lenovo has published its earnings report for its second fiscal quarter, which ended on September 30. The company boasts high earnings, as well as setting its own record with its highest worldwide market share ever. The company’s growing PC shipments and earnings come in spite of a market that is down 8-percent year-over-year.

Quarterly sales come in at $8.7 billion, with a basic earnings per share of 1.58 cents USD. The net income earnings clocked in at $162 million, which is a jump of 13-percent year over year. Lenovo’s Q2 gross profit is an increase of 11-percent year over year. Pre-tax income falls in at $204 million. Both the pre-tax income and quarterly sales are records for the company.

Also a first for Lenovo is its market share, which hit 15.6 in Q2. This is an increase of 10.3-percent. In general, the PC market has experienced lagging sales due to the explosion of mobile devices, such as tablets, as well as a poor economy. According to the press release, this is Lenovo’s 14th straight quarter of growing faster than the PC industry.

Said Lenovo’s CEO Yang Yuanquing, “Our global PC market share reached another historic high, moving us closer to our dream of becoming the worldwide PC leader. With four years’ effort, our Consumer PC business has become the world’s number one in this segment for the first time … More importantly, we not only grew rapidly, but also improved our profitability consistently, with pre-tax income reaching a record high this quarter.”

[via Lenovo]

Lenovo’s Q2 report reveals high earnings, record market share is written by Brittany Hillen & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Activision, perhaps the biggest name in video games at the moment, has reported its financial results for Q3 2012, and as you’ve probably already guessed, they’re pretty darn great. The company brought in a GAAP net revenue of $841 million during the quarter, which up significantly from the $754 million in took in during Q3 2011. It’s also $101 million more than the company originally projected, so you can bet that Activision’s executives are smiling this evening.

Its earnings per share for the quarter also grew year-over-year and topped projections. The company is reporting a GAAP earnings per share of $0.20, rising $0.07 from the year prior and beating projections by a healthy $0.14. Non-GAAP net revenue came in at $751 million for the quarter, while non-GAAP earnings per share is at $0.15. Since the company performed better than expected in Q3, it has revised its forecast for the full year, now expecting GAAP net revenue to come in at $4.57 billion as compared to a previous projection of $4.33 billion.

In the earnings call to accompany this report, Blizzard‘s Mike Morhaime announced that the studio is planning an expansion to Diablo III, though didn’t give any other details on it. We also heard the unfortunate news that StarCraft II: Heart of the Swarm won’t make a 2012 release, though that was pretty easy to figure out considering that it’s now November. Now Blizzard is shooting for a first-half 2013 release date for Heart of the Swarm, though it wouldn’t out an specific release date.

Now Activision is in its Q4, which will definitely be bigger than the quarters before it thanks to next week’s release of Black Ops II and the fact that the holiday shopping season will shortly be in full swing. Make no mistake, Black Ops II is going to make Activision a lot of money in Q4, as will Skylanders Giants. We’ll be watching for Activision’s next round of financials at the end of Q4, so keep it tuned here to SlashGear for more.

Activision Q3 2012 results give info on Diablo III, Starcraft II expansions is written by Eric Abent & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

ASUS just posted its third quarter earnings for this year, and the company ended up recording its largest quarterly profit in more than four years. During the third quarter, the company earned a net income of $229.1 million, which is up 43% from the same time last year. ASUS posted a total Q3 revenue of $3.8 billion.

The company’s laptop and tablet shipments in the third quarter were up from last quarter. They ended up shipping 5 million laptops (up 14% from Q2), and also shipped 2.3 million tablets, which is up by a whopping 300% compared to last quarter when ASUS only shipped 800,000 tablets. That’s quite a big increase to say the least.

According to research firm Gartner, ASUS also had the biggest rise in PC market share during Q3. They now have a 7.3% market share and the company’s shipments rose 12%. To compare, other PC makers, such as HP, Dell, and Acer, all reported lower shipments and market share for the third quarter period.

ASUS is expecting another big quarter in Q4 2012. They’re expecting their laptop shipments to go up 10% from the third quarter to 5.5 million units. They’re also expecting tablet shipments to go up as well. They’re hoping to ship 2.6 million tablets, which would be up 13% from the third quarter.

ASUS reports Q3 2012 earnings is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Earlier this month, Samsung stated that it expected profits of $7.28 billion for its third-quarter. The Korean company has surpassed that number, however, with its Q3 earnings press release boasting $7.4 billion in operating profits and a net income of $5.97 billion. The company’s Q3 profit in 2011 was $3.8 billion.

According to the press release, Samsung’s revenue is due primarily to smartphones and a “stronger demand for display panels.” The company’s Mobile Communications Business accounted for over half of the company’s revenue, while a higher demand for LCD and OLED panels contributed significantly to the Korean giant’s overall profits. Samsung’s Digital Media and Communications experienced a 41-percent year-on-year increase.

Said Robert Yi, Senior Vice President and Head Investor of Relations at Samsung, “The business environment remained difficult with global economic uncertainties persisting amid the fiscal concerns in the US and Europe. However, we continued to break our quarterly profit records.” Yi went on to state that it is expected that market competition will grow, but that the company will attempt to sustain its earnings in Q4 by “implementing strategies we have developed for our businesses.”

According to the press release, demand for smartphones and tablets is expected to increase throughout the rest of the year. On the other hand, demand for PC DRAM is expected to drop due to excess supply, with Samsung’s Semiconductor segment reporting a year-on-year sales drop of 8-percent. Decreased digital appliance sales is also expected due to an “unfavorable market.”

Samsung exceeds expectations with $7.4 billion Q3 profits is written by Brittany Hillen & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.