ATI Kills Nvidia with Great Results
ATI just reported an excellent August quarter this morning with $572M in revenue and 24c in EPS vs. expectations of $534M and 21c. They also raised guidance to $620M next quarter vs. expectations of $578M.
On the earnings conference call the company said it continued to gain share with significant strength in the consumer and digital TV business, which doubled this quarter vs. last quarter (consumer business overall was 15% of revenue). Product mix was 60% desktop and 40% notebook in their PC graphics business. PCI Express was more than 10% of the graphics business.
On an industry level, ATI said the industry was slightly slow in May, June, and first half of July. However the seasonal PC business picked up in the latter half of July and August.
It's quite hilarious to see Nvidia complain about Intel and market conditions the last time they reported. It is pretty obvious now that ATI just gained share vs. Nvidia.
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