Kepler, Tegra Sales Elevate NVIDIA (NVDA) to Q1 Beat; Strong Outlook Issued

Shares of NVIDIA Corp. (Nasdaq: NVDA) are indicated for a rip-roaring open Friday following the company's first-quarter 2013 earnings report and strong outlook.

The graphics-chip giant reported a 3.9 percent dip in top-line growth to $924.88 million, though the Street was looking for a larger decline to $916.2 million.

Net income for the Santa Clara, CA-based tech firm dropped 55.3 percent to $60.44 million, or 10 cents per share. Following adjustment for items like legal issues and stock-based compensation, non-GAAP EPS was 16 cents, about 6 cents better than views.

Gross margin consolidated modestly from 50.4 percent to 50.1 percent.

"Kepler GPUs are accelerating our business...Tegra is on a growth track again, driven by great mobile device wins and the upcoming Windows on ARM launch," commented CEO Jen-Hsun Huang. "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." (Kepler. Tegra. Sometimes is feels like NVIDIA is drawing from the naming department at Porsche.)

Looking ahead, NVIDIA sees second-quarter 2013 revs of $990 million to $1.05 billion, ahead of views expecting revs of $976.2 million. Non-GAAP gross margin is expected to be 51.5 percent +/- 1 percentage point.

Shares are up nearly 8 percent in early trading.

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