I think they gave good explanations in the CC.
Second quarter is seasonally down. Combine this with currency effects and the delayed spending before the windows 10 launch in July ... and you have good reasons for a conservative outlook for 2Q.
Things will be more fun in the 2nd half of the year for GPU sales:
Win 10 launch.
School start and holidays buying.
New strong franchise games usually launches in november.
VR launch end of year. Oculus launches start of 2016. Requires powerful GPUes.
Also HPC, GRID and auto are strong growth stories but they still take time to grow from smaller base.
I like the raise in the dividend and increased buyback authorization.
It shows that Nvidia itself is confident in the future and they reward our patience.
A future joker is the outcome of the trial with Sammy and Q. Nvidia believes in their case and we can hope they get the needed victory. Also possible with other licensee takers.
We can also hope they manage to sell the Icera business and make a little money on it and dont need to take any charges.
Nvidia is strongly positioned in their markets and I still feel confident. I think pps will be a slow but steady climb from here from quarter to quarter for the next few years... unless some of the jokers materialize.
It is estimated by Matt Larson, a technology litigation analyst working for Bloomberg Intelligence, that Samsung could be held liable to pay an astounding $3 billion in damages for the lawsuit in a federal district court. Nvidia's counter-claims of patent infringement were a reaction to the initial lawsuit filed by the South Korean tech-giant.