Friday, May 8, 2015

IT News Head Lines (AnandTech) 5/9/2015


NVIDIA Announces FY 2016 Q1 Financial Results
Today NVIDIA released their earnings for quarter one of their 2016 fiscal year (and no, that’s not a typo, NVIDIA is almost a full calendar year ahead with their fiscal year) and revenue was up for the quarter 4% over the same period last year, coming in at $1.151 billion. NVIDIA had a record quarter for gross margin, with 56.7% this quarter. However net income was down 2% to $134 million. Compared to Q4 2015, revenue was down 8% and net income was down 31% due to the seasonal nature of the GPU market. Earnings per share came in at $0.24, which is flat year-over-year.

NVIDIA Q1 2016 Financial Results (GAAP)
Q1'2016 Q4'2015 Q1'2015 Q/Q Y/Y
Revenue (in millions USD) $1151 $1251 $1103 -8% +4%
Gross Margin 56.7% 55.9% 54.8% +0.8% +1.9%
Operating Expenses (in millions USD) $477 $468 $453 +2% +5%
Net Income $134 $193 $137 -31% -2%
EPS $0.24 $0.35 $0.24 -31% flat

One of the things that will be impacting their financials for fiscal year 2016 is the winding down of the Icera modem operations. The company is open to sales, but regardless it is expecting restructuring charges of $100 to $125 million. It will re-invest the money it had been using for modems and put it into deep learning, self-driving cars, and gaming, which are all areas where NVIDIA has seen some success at (I’ve heard they are known for gaming even).

NVIDIA has also announced Non-GAAP results which exclude stock-based compensation, acquisition costs, interest, and taxes on these items. On a Non-GAAP basis, gross margin was 56.9%, and net income was $187 million, which is up 13% year-over-year. Non-GAAP earnings per share came in at $0.33.

NVIDIA Q1 2016 Financial Results (Non-GAAP)
Q1'2016 Q4'2015 Q1'2015 Q/Q Y/Y
Revenue (in millions USD) $1151 $1251 $1103 -8% +4%
Gross Margin 56.9% 56.2% 55.1% +0.7% +1.8%
Operating Expenses (in millions USD) $425 $420 $411 +1% +3%
Net Income $187 $241 $166 -22% +13%
EPS $0.33 $0.43 $0.29 -23% +14%

Breaking the results down into the individual segments, the GPU unit accounts for the bulk of the revenue for the company. GPU revenues were up 5% year-over-year, coming in at $940 million for Q1. They attribute this to revenue from GeForce gaming desktops and notebooks growing 14% with strength in their Maxwell GPUs being one of the keys. Notebooks have also been a source of strength, and although they did not release numbers, notebook GPU sales were “well above year-ago levels”. Tesla GPUs also increase due to project wins with cloud service providers, but the Quadro line of professional graphics declined.

NVIDIA Quarterly Revenue Comparison (GAAP)
In millions Q1'2016 Q4'2015 Q1'2015 Q/Q Y/Y
GPU $940 $1073 $898 -12% +5%
Tegra Processor $145 $112 $139 +29% +4%
Other $66 $66 $66 flat flat

Tegra, once the tablet and possible smartphone SoC, has found its niche is the automotive infotainment field, but it is also the SoC inside SHIELD devices sold by NVIDIA. Revenue for Tegra was up 4% year-over-year, and up 29% as compared to Q4 2015, which was attributed to automotive systems and development services.

The final piece of NVIDIA’s pie is their licensing agreement with Intel, which is the standard $66 million per quarter.

For Q2, projections are revenue of $1.01 billion, plus or minus two percent, and gross margins of 55.7% plus or minus 0.5%.

It was another good quarter for NVIDIA, and during the quarter they launched the TITAN X GPU, as well as the NVIDIA SHIELD set top box. Yesterday, AMD announced that they will have a new GPU coming out this quarter, so it will be awesome to see how that plays out in the never ending GPU battle.

Source: NVIDIA Investor Relations

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The Dell Chromebook 11 Touch Review
Today I'm looking at a Chromebook from Dell. It's the Dell Chromebook 11 Touch. More accurately, it may be called the New Dell Chromebook 11 Touch or the Dell Chromebook 11 (2015) as Dell had offered a previous generation of Chromebooks which were also called the Dell Chromebook 11. This new Chromebook from Dell appears to target a different section of the market than its predecessor, as it sports a new rugged design to protect it from accidents and environmental hazards that it may endure. To find out how it holds up when compared to the competition, read on for the full review.

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Linksys EA8500 - First MU-MIMO Enabled 802.11ac Router Set to Ship
Readers following our wireless networking coverage must be quite familiar with the developments in 802.11ac land. As a recap:

  • The first 3-stream 802.11ac routers (based on the Broadcom BCM4706 chipset) started shipping in May 2012, with Buffalo Technologies and Netgear leading the way. There were marketed as AC1750 units (3x3 5 GHz providing  up to 1300 Mbps and 3x3 2.4 GHz providing up to 450 Mbps). The street pricing of the AC1750 routers started to go down once Qualcomm started shipping their first-generation 802.11ac router platforms in products such as the TP-LINK Archer C7 in April 2013.
  • In Q4 2013, a wave of AC1900 units started to hit the market. Netgear's Nighthawk R7000, a popular member in this series, still continues to sell well in the market. These units still used a 3x3 5 GHz radio for up to 1300 Mbps, but the 2.4 GHz had some proprietary Broadcom extensions (TurboQAM) to support up to 600 Mbps in an end-to-end Broadcom environment.
  • In 2014, Quantenna began to bring their technology lead in the Wi-Fi space to the market with their Wave 2 4x4 802.11ac chipset. Despite being announced at CES 2014, the Asus RT-AC87U began to ship in July with the QSR1000 radio coupled with a Broadcom SoC. Netgear started to ship the same radio coupled with a Qualcomm IPQ8064 SoC in the Nighthawk X4 in September 2014. The QSR1000's Wave 2 feature set includes support for MU-MIMO, but neither of these routers shipped with MU-MIMO enabled in the firmware (citing lack of client support at that point of time). Given the 4x4 configuration, these routers were tagged as AC2350 / AC2400 units (600 Mbps in the 2.4 GHz band and 1733 Mbps in the 5 GHz band)
  • In the midst of these Wave 2 product launches, Qualcomm announced plans for their Wave 2 802.11ac platforms (both routers and clients) in April 2014. Broadcom, being late to the Wave 2 party, decided to bring out the XStream platform with dual 5 GHz radios (six-stream configuration) also in April. They were able to get it quickly into the market too, with the Netgear Nighthawk X6 R8000 becoming available in June 2014.
  • At CES 2015, we saw the first set of routers based on Qualcomm's QCA9880 4x4 Wave 2 802.11ac router platform getting announced. Vendors such as TP-LINK and TRENDnet were expecting their AC2600 class routers to ship towards the middle of the year.

Coming back to today's announcement regarding the EA8500, Linksys is becoming the first vendor to start shipping a QCA9980-based router. The important aspect here is that the router will ship with MU-MIMO enabled. Client devices with MU-MIMO enabled are also coming into the market just now (more on that in our detailed review). Hopefully, this announcement will spur both Netgear and Asus to enable MU-MIMO in the firmware for their Quantenna-based routers.

The salient features of the EA8500 router are listed below:

  • 4x4 802.11ac with MU-MIMO and beamforming support
  • QCA9980 radio + 1.4 GHz dual-core IPQ8064 SoC
  • Simultaneous dual-band operation (5 GHz 802.11ac - 1733 Mbps, 5 GHz 802.11n - 600 Mbps, 2.4 GHz 802.11n - 800 Mbps)
  • 1x USB 3.0, 1x USB 2.0 / eSATA
  • 4x 1Gbps LAN, 1x 1Gbps WAN
  • Adjustable antennas for optimal performance

One important point to note is that MU-MIMO capabilities will translate into real benefit only when there are multiple MU-MIMO-capable client devices talking to the router simultaneously. This will probably be a common scenario in enterprise Wi-Fi deployments soon. However, in a typical household, we would imagine that a situation involving multiple MU-MIMO clients is probably at least a good year away. Qualcomm is targeting an end-to-end play here, as the announcement made last year included a number of products in the client space with MU-MIMO capabilities.

Linksys is accepting pre-orders at $280 for the EA8500 today with shipments slated for May 10, 2015. Wide retail and e-tail availability is also expected starting next week. There is no doubt that MU-MIMO will be the most efficient way to boost Wi-Fi performance in the near future, and it is good that Linksys and Qualcomm are teaming together to accelerate its market adoption.

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Google Accidentally Leaks Teaser for Upcoming Android 'M'
New OS build may arrive at this year's I/O event

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Google's Gleaming Glass HQ Gets Mountain View Snub, LinkedIn Gets the Love
Google ponders "should it stay or should it go" after Mountain View city council largely denies its expansion requests

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Available Tags:NVIDIA , Dell , Router , Google , Android

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