Nvidia has finally released its financial report for the second quarter of 2014 fiscal year and, as expected, all is not well on those green pastures as it has reported a fall of revenue by 6.4 percent compared to last year, while Tegra unit shipments dropped by 71 percent year-over-year.
The revenue of US $977.2 million is actually up when compared to last quarter, but a drop of 6.4 percent from same quarter last year certainly did not land well with investors. The net income is at $96.4 million, which is also up by 23.8 percent when compared to the US $77.9 million in the last quarter but also down by 19 percent year-on-year.

According to Jen-Hsun Huang, Nvidia CEO, the GPU business continued to grow and Nvidia GRID finally started to ship out. Nvidia CEO also put a lot of faith in Shield, still believes in Tegra 4 and upcoming devices based on it, as well as its Project Logan which will definitely have no impact on the next quarter.

Nvidia's Tegra 4 is definitely late and a drop of shipments by 71 percent from last year certainly shows it. Tegra managed to cash in US $52.6 million which was around 49 percent drop compared to the last quarter. Tegra 4 would be Nvidia's saver in Q2 2014 quarter if it was not delayed and we certainly hope that it can pull it out in the next one, although Qualcomm scored most major design wins already.

The GPU part of Nvidia actually did quite well and rose by 9 percent compared to last quarter and up by 8 percent when compared to the same quarter last year.

Tegra department is definitely hurting Nvidia but the rumored push into tablet market, Shield hand-held console and upcoming Logan SoC Tegra 5 could make it all worthwhile.





Source: Nvidia.com.