NVIDIA has been in the rough over the last year and even if the Fermi architecture is ready and presented in several powerful graphics cards it is still a steep uphill run. The just released quarterly report shows a pretty big loss.
NVIDIA has finished the numbers for Q2 2011 and even if the income of 811 million dollar was higher than last year it still lost 141 million dollar.
Income was down by 19% from Q2 and in the press release NVIDIA points out that the negative result is the result from a write down on inventory and payments into the debt it acquired as a result from shipping faulty integrated chipsets with bad die packagings. This happened back in 2008 and caused overheating and problems with the integrated graphics circuit.
NVIDIA says that it has been doing well in the professional and integrated sectors, but lost a lot of ground on the retail market where AMD has been very strong with its DirectX 11 generation.
”We delivered excellent results in Quadro professional graphics, Tesla GPU computing, and our Tegra system-on-a-chip business. But our GeForce consumer business fell significantly short of expectations amid weak PC demand in Europe and China. Although demand among end-users remains uncertain, we expect to drive revenue and grow market share with new products that are gaining momentum in each of our businesses.”
The company has a bright outlook on the future, but doesn’t expect any major changes. We will just have to wait and see how and if NVIDIA can get back and reclaim lost ground and get back in the black.
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