NVIDIA Corporation reported unaudited consolidated earnings results for the first quarter, ended April 28, 2013. For the quarter, revenues were $954,739,000 against $924,877,000 in the same period a year ago. Operating income was $82,781,000 against $72,826,000 in the same period a year ago. Income before income tax expense was $88,062,000 against $77,095,000 in the same period a year ago. Net income was $77,891,000 or $0.13 per basic and diluted share against $60,437,000 or $0.10 per basic and diluted share in the same period a year ago. Non-GAAP net income was $1,138,014,000 or $0.18 per diluted share against $97,530,000 or $0.16 per diluted share in the same period a year ago. GAAP net cash flow provided by operating activities was $175,650,000 against net cash used in operating activities of $9,208,000 in the same period a year ago. Purchase of property and equipment and intangible assets was $65,667,000 against $28,293,000 in the same period a year ago. Free cash flow was $109,983,000 against a negative free cash flow of $38,131,000 in the same period a year ago. The company provided earnings guidance for the second quarter of fiscal 2014. The company expects revenue to be $975 million, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be approximately flat relative to the prior quarter, at 54.3% and 54.6%, respectively. GAAP and non-GAAP tax rates are both expected to be 16% plus or minus 1%. Depreciation and amortization is to be approximately $61 million to $63 million. Capital expenditures are expected to be in the range of $65 million to $75 million. Diluted shares for the second quarter are expected to be approximately 590 million.

NVIDIA Corporation will pay its next quarterly cash dividend of $0.075 cents per share on June 14, 2013, to all stockholders of record on May 23, 2013.

Annual Meeting of Stockholders