Nvidia President and Chief Financial Officer Jen-Hsun Huang gleefully indicated that "Kepler GPUs are accelerating our business" when reporting revenue of $924.9 million for the company's first quarter of fiscal 2013 ended April 29, 2012. The irony there is that Kepler cards are in short supply and extremely difficult to find in stock, save for the GeForce GTX 670, which just went on sale yesterday. But despite GPU shortages (courtesy of TSMC's inability to produce chips fast enough), Nvidia was able to best analysts' expectations.
Looking ahead to the full year, Nvidia forecasts revenue to be between $990 and $1.05 billion.
"Our newly launched desktop products are winning some of the best reviews we've ever had. Notebook GPUs had a record quarter. And Tegra is on a growth track again, driven by great mobile device wins and the upcoming Windows on ARM launch," Huang said. "Graphics is more important than ever. Look for exciting news next week at the GPU Technology Conference as we reveal new ways that the GPU will enhance mobile and cloud computing."
Even though Nvidia's Kepler launch has been hampered by short supply, the entire family of GPUs (GTX 670, 680, and 690) are receiving mostly positive reviews and should end up selling well once they're actually available. If that's the case, Nvidia can look forward to a strong year from a financial standpoint.