NVidia has just released their 3rd quarter financial reports and they look great. This is the first full quarter since the Fermi has been available, the results show GAAP gross margin of 46.5%, up from 16.6 percent last quarter, a GAAP net income of $141 Million.
“We have turned the corner,” said Jen-Hsun Huang, NVIDIA’s president and chief executive officer. “We have restored our speed of execution and are regaining share in desktops. Only seven months after shipping our first processor based on the Fermi architecture, we have begun production on seven more GPUs, including the GeForce GTX 580, which sets a new standard for performance. The Fermi architecture is now in every segment of our desktop, notebook and workstation product lines.
via NVIDIA Reports Financial Results for Third Quarter Fiscal 2011 – MarketWatch.
