NVIDIA has just released their Q2 2015 financial results, and to many people’s surprise they actually beat analyst expectations be a large amount. Analysts had expected NVIDIA’s revenues to decline by 8% this quarter, but instead NVIDIA has an increase of 4.5% instead.
This increase is sales is sure to do with the incredible success of GeForce sales, more specifically the GeForce GTX 900 series. The company is expecting sales to drop in Q3, but this quarter NVIDIA’s gaming revenue increased by 59% thanks to GeForce sales.
NVIDIA is also doing quite well in the automotive section, where they have 8 million cars on the road using their technology. They are also working with over 50 companies for its DRIVE chip, which is for self-driving cars.
NVIDIA’s total revenue rose 4.5% to $1.15 billion in Q2 of 2015, analysts had only expected sales of $1.01 billion. Shares of NVIDIA stock have also jumped up 9.7% in extended trading, this is a big increase considering they only rose 2% last year.
Source: TweakTown | News Archive
