Latest news with #SunMicrosystems
Yahoo
7 days ago
- Business
- Yahoo
Nvidia (NASDAQ:NVDA) Q1 Sales Beat Estimates But Quarterly Revenue Guidance Misses Expectations
Leading designer of graphics chips Nvidia (NASDAQ:NVDA) reported Q1 CY2025 results exceeding the market's revenue expectations , with sales up 69.2% year on year to $44.06 billion. On the other hand, next quarter's revenue guidance of $45 billion was less impressive, coming in 1.6% below analysts' estimates. Its non-GAAP profit of $0.81 per share was 8% above analysts' consensus estimates. Is now the time to buy Nvidia? Find out in our full research report. Revenue: $44.06 billion vs analyst estimates of $43.28 billion (69.2% year-on-year growth, 1.8% beat) Datacenter Revenue: $39.1 billion vs analyst estimates of $39.2 billion (73% year-on-year growth, slight miss) Adjusted EPS: $0.81 vs analyst estimates of $0.75 (8% beat) Adjusted Operating Income: $23.28 billion vs analyst estimates of $22.04 billion (52.8% margin, 5.6% beat) Revenue Guidance for Q2 CY2025 is $45 billion at the midpoint, below analyst estimates of $45.75 billion Operating Margin: 49.1%, down from 64.9% in the same quarter last year Free Cash Flow Margin: 59.3%, up from 57.5% in the same quarter last year Inventory Days Outstanding: 59, down from 115 in the previous quarter Market Capitalization: $3.30 trillion 'Our breakthrough Blackwell NVL72 AI supercomputer — a 'thinking machine' designed for reasoning— is now in full-scale production across system makers and cloud service providers,' said Jensen Huang, founder and CEO of NVIDIA. Founded in 1993 by Jensen Huang and two former Sun Microsystems engineers, Nvidia (NASDAQ:NVDA) is a leading fabless designer of chips used in gaming, PCs, data centers, automotive, and a variety of end markets. Examining a company's long-term performance can provide clues about its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Thankfully, Nvidia's 66% annualized revenue growth over the last five years was incredible. Its growth surpassed the average semiconductor company and shows its offerings resonate with customers, a great starting point for our analysis. Semiconductors are a cyclical industry, and long-term investors should be prepared for periods of high growth followed by periods of revenue contractions (which can sometimes offer opportune times to buy). Long-term growth is the most important, but short-term results matter for semiconductors because the rapid pace of technological innovation (Moore's Law) could make yesterday's hit product obsolete today. Nvidia's annualized revenue growth of 140% over the last two years is above its five-year trend, suggesting its demand was strong and recently accelerated. This quarter, Nvidia reported magnificent year-on-year revenue growth of 69.2%, and its $44.06 billion of revenue beat Wall Street's estimates by 1.8%. Despite the beat, this was its third consecutive quarter of decelerating growth, indicating that the current upcycle is potentially losing some steam. Company management is currently guiding for a 49.8% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 43% over the next 12 months, a deceleration versus the last two years. Still, this projection is eye-popping given its scale and indicates the market is baking in success for its products and services. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Days Inventory Outstanding (DIO) is an important metric for chipmakers, as it reflects a business' capital intensity and the cyclical nature of semiconductor supply and demand. In a tight supply environment, inventories tend to be stable, allowing chipmakers to exert pricing power. Steadily increasing DIO can be a warning sign that demand is weak, and if inventories continue to rise, the company may have to downsize production. This quarter, Nvidia's DIO came in at 59, which is 47 days below its five-year average. At the moment, these numbers show no indication of an excessive inventory buildup. We were impressed by Nvidia's strong improvement in inventory levels. We were also excited its revenue, operating income, and EPS outperformed Wall Street's estimates. It wasn't a perfect quarter, though. The company's Datacenter revenue missed by a slight amount, and its revenue guidance for next quarter missed. Overall, we think this was a decent quarter with some key metrics above expectations. The stock traded up 2.8% to $138.56 immediately after reporting. Nvidia had an encouraging quarter, but one earnings result doesn't necessarily make the stock a buy. Let's see if this is a good investment. What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Technical.ly
27-05-2025
- Business
- Technical.ly
This Week in Jobs: Pour yourself some Java and check out these 20 tech career opportunities
This week, we're returning, once again, to the year 1995. It was May 27, 30 years ago to the day, and Sun Microsystems released a programming language called Oak, running a demo of interactive content in Netscape Navigator at SunWorld '95. Due to a trademark issue, it wouldn't be known as Oak for long. Its new name? Java. Java, with its 'Write Once, Run Anywhere' philosophy, changed both software development and web browsers — Java applets, tiny programs that enhanced web pages beyond what simple HTML could do, enabled things like animations, interactive charts, and file processing. Java was quickly adopted by enterprise and became one of the largest software languages, driving ecosystems, banking systems and Android apps. Today, 15 years after Sun Microsystems was acquired by Oracle, Java is still the dominant language for enterprise backend applications. If you're searching for a job at a financial institution or large corporation, you likely have Java certification. Whatever your coding language of choice, let's get to the job listings. The News is getting a new reporter: Meet Baltimore County's Maria Eberhart. Experts debate how to handle AI's role in US-China relations at Johns Hopkins University forum. Pittsburgh Public Schools weigh adoption of a $2 million deal with a Philly startup to upgrade its cafeteria logistics. How machine learning can help prevent burnout in healthcare workers. . Client Spotlight Certara has a truly global footprint, and is a leader in biosimulation, model-informed drug development and clinical trial data standardization and workflow automation. The company has proven a draw for technologists who prefer autonomy and thrive on the challenge of doing application development in a highly specialized scientific domain. The Jobs Greater Philly The City of Philadelphia is hiring an Information Technology Support Coordinator. Drexel University has a job listing for a Web Support Specialist. Software company Certara is seeking a Senior Software Engineer. Dental technology company Kleer and Membersy needs an Integration Engineer. MetaTechnical in Narberth is hiring an IT Support Technician. DC + Baltimore Startup investor Techstars is looking for an Investment Manager in DC. Coworking space Spark Baltimore is seeking a Community Manager. Enoch Pratt Free Library has an opening for a Digital Equity Coordinator who will be a member of the Department of Innovation and Technology. Brooksource needs a Business Analyst. DataAnnotation is looking for Data Engineers to help train AI models. Pittsburgh Allegheny County is hiring an Information Systems Specialist. Professional services firm KPMG has a listing for Marketing Cloud Technical Lead. Bridgeway in Coraopolis is seeking an IT Service and Support Specialist. Westco needs a hybrid IT Technology Lead. GE Vernova is hiring for . The End Those are the jobs — get yourself to a cup of joe and apply.
Irish Daily Mirror
18-05-2025
- Business
- Irish Daily Mirror
PGA Championship star who will inherit billions being helped by wife
Maverick McNealy, the 29 year old PGA Tour sensation and heir to a multi-billion-pound fortune, is set to compete in the PGA Championship this weekend, cheered on by his wife. Born into affluence as the son of Scott McNealy, co-founder of Sun Microsystems which sold for a staggering £7.4 billion in 2010, Maverick grew up surrounded by luxury. A small portion of the family's vast wealth was used to purchase a grand five-bedroom, seven-bathroom mansion for him and his three brothers. However, McNealy opted to pursue his love for golf rather than entering the business world, a route that could have potentially earned him millions or even billions with his father's support. In 2017, he met his wife, Maya, who has since been a steadfast source of support, closely following his golfing career. Their lives intersected when McNealy visited the physical therapy clinic where Maya was employed in Las Vegas. Six years on, they tied the knot in a ceremony officiated by his brother, Scout McNealy. McNealy, who also possesses a pilot's license, lauded his wife for her sacrifices, as she often travels to watch his tournaments. When he secured victory at the RSM Classic last year, Maya "knew her job" and immediately phoned McNealy's parents to share the joy of his career achievement, reports the Express. McNealy has been candid about the significant impact Maya has on his professional life, stating: "Maya knew her job, if it went well today, to get them on the phone as soon as possible walking off 18. I'm the luckiest guy ever. Maya was chatting with me when I was maybe a little bit - being a little bit dramatic but a little bit frustrated." He recounted a motivating conversation with her, saying, "She said, 'Well, if you knew you were going to win like in six weeks, would you do anything different?'" His subsequent victory proved the point of their discussion, as he confessed, "So six weeks I did get my win. No, I wouldn't have done anything different." Alongside golf, Maya showed her own golfing prowess by participating in the Par 3 contest at the 2025 Masters with McNealy. When discussing his leisure activities, Maya gave insight into his aviator ambitions while speaking to the PGA Tour in 2023: "[He's] Watching airplane videos any time he doesn't have a golf club in his hand." Her admiration for his work ethic came through as she observed, "I don't know how he has the time or the mental patience to get better at both things consistently ... but he's one of the most determined people I know." She shared an amusing reaction to McNealy's aviation announcement: "I told her, 'By the way, I'm going to start getting my pilot's license, and she looked at me like I had three heads," which only adds to his fans' appreciation of his multifaceted aspirations. This article was originally featured on the US Mirror.
Daily Mirror
16-05-2025
- Business
- Daily Mirror
PGA Championship star is 'world's second richest golfer' worth billions
A decent golf player can set several generations of their family up for life, but one star of the game would be able to do that even if they never win another event A strong performance at the 2025 PGA Championship could make any golfer a millionaire overnight - but that's a drop in the ocean for billionaire heir Maverick McNealy. The first-round action at Quail Hollow saw the big names struggle, as Masters champ Rory McIlroy opened with a wobbly 74, leaving him 10 strokes behind current leader Jhonattan Vegas of Venezuela. McIlroy, 36, recently vowed he is determined to become a six-time major winner, but now has a huge mountain to climb if he hopes to emerge from Charlotte victorious. While the prize pot is yet to be confirmed, Xander Schauffele won $3.3m (£2.48m) out of a total of $18.5m (£13.90m) for winning last year - and the financial rewards are expected to rise again. Not that McNealy would be too bothered by the money, anyway. The PGA Tour star is so financially set up that he can essentially play top-level golf as a hobby. The American is hardly one of the sport's standout names, but he is believed to be the second wealthiest on the planet. With a humongous net worth of around $1.1billion (£830m), only Tiger Woods is believed to be wealthier. It's also significantly more than McIlroy who, according to the Sunday Times Rich List, saw his net worth rise to £260m in the last 12 months. While Woods' and McIlroy's wealth derives from their winnings and the lucrative sponsorships and endorsements they have amassed along the way, McNealy is the son of Scott McNealy, a tech entrepreneur who founded Sun Microsystems in 1982. In 2010, he sold the company to Oracle Corporation for a whopping $7.4bn (£5.56bn). The McNealy family are therefore made for life, meaning Maverick is able to pursue his dream of becoming a world- class golfer. He was raised in a jaw-dropping 28,000 square-foot home in Palo Alto, which is understood to have been worth around $86m (£64.62m). McNealy is yet to really make a splash in the world of golf, but he does boast one victory on the PGA Tour. The California native was victorious in the 2024 RSM Classic, where he birdied the last hole to beat fellow American Luke Clanton by one shot. He also managed to bank himself a healthy check of $1.368m, which would have barely been noticed as a result of his colossal net worth. As well as his victory at Sea Island Golf Club, golf fans may remember McNealy from the 2014 US Open, where he qualified for the major at the age of 18 years old. McNealy was also close to winning the 2024 Genesis Invitational, recording an impressive score of 11-under par. Unfortunately for him, Ludvig Aberg was slightly better, scooping up the $4m prize with a score of 12-under. McNealy will never let any disappointment shatter his confidence or self-belief. After all, his own father did not allow him to live a life of luxury and opulence, despite his spectacular childhood home. In an interview with Golf Digest in 2018, he said: "My dad often tells me the most well-funded start-ups always fail, and that a short cash runway lights a fire under your rear that's hard to emulate. "I don't judge my success in golf by how much money I've made. I judge it by my effort and commitment. My brothers and I never got an allowance, and we were told that once we graduated from college, we'd have one summer to find a job and then we'd be on our own. My dad would've made me pay rent to live at home after school - I'm not kidding!" McNealy began his PGA Championship campaign by finishing one-under par in the first-round. He is currently six strokes behind Vegas, whose impressive opening round ended with him seven-under par.
Hindustan Times
15-05-2025
- Business
- Hindustan Times
Harvard slammed as Elon Musk reacts to post accusing university of discriminating against ‘white men'
Elon Musk sparked a social media frenzy after he reacted to a post accusing Harvard University of discriminating against 'whites, men, and, especially, white men.' Many responded to Musk's post and slammed the centuries-old educational institution. It all started with a post by American activist Christopher F Rufo, who wrote, 'Harvard actually wrote a plan to increase the proportion of women and minorities in certain occupations to more than 90%. It's not about equal opportunity—it's about punishing whites, men, and, especially, white men.' Musk re-shared Rufo's X post and reacted to it with one word. He wrote, 'Wow', while showing his reaction. An individual wrote, 'I am calling for @Harvard to be stripped of its accreditation. Their endowment won't matter if they can't matriculate students.' Another joined, 'Unacceptable. As a woman, this is outrageous.' A third commented, '@Harvard cannot be more disgusting—defund them. They do not deserve to be in business.' A fourth remarked, 'This is discrimination!' This is not the first time Elon Musk has expressed his opinion about Harvard University. In April, he reacted to a post by former Sun Microsystems CEO Scott McNealy. 'And no one or organization on campus should be taking money from said government, nor should they get a tax break from the citizens who are taxed to pay that 'private' institution. Defund Harvard,' McNealy posted while reacting to an X post by Harvard, where the university publicly announced that no government can decide 'what private universities can teach, whom they can admit and hire, and which areas of study and inquiry they can pursue.' This came after Donald Trump hit out at the prestigious university for refusing the demands of the White House. Elon Musk had reacted to McNealy's X post with a '100%' emoticon. US President Donald Trump's administration has previously cancelled $2.2 billion in federal funding to Harvard University. In a recent statement, the administration announced that eight federal agencies will further terminate another $430 million in grants.
