Nvidia's intent to get Tegra chipsets in as many smartphones and tablets as possible was evident at the start of the year, when CES 2011 served as something of a blowout for Tegra 2.

The firm's latest financial report suggests Nvidia is now reaping the rewards of its aggressive action, with the company pulling in a $174 million profit in Q2 2011 – up from the $175 million loss it recorded a year ago.

What's more, the firm expects to do even better during the rest of 2011: Nvidia's second quarter saw revenues hit $1.02 billion, but forecasts suggest they'll rise even higher to $1.06 billion in Q3.

Spreading Tegra's base

Such growth, of course, will be down to the performance of the devices sporting the company's tech.

Nvidia has high hopes for Samsung's Galaxy Tab 10.1 – equipped with a Tegra 2 CPU – even though the tablet has temporarily been pulled from sale across Europe.

Other devices cited by the firm include Motorola's 4G handset Photon, and the Droid X2. In all, 10 percent of all Android devices are fitted with Tegra chipsets.

From high to low

Next up, however, is the quad-core Kal-El, and an unnamed unified chipset that will bring together a modem with an app processor pitched at low-end smartphones.

"That part of the marketplace is really not well served by anyone, we are going to build an integrated application processor and modem to address that," CEO and president Jen-Hsun Huang said in an earnings call.

"That allows us to address the lower end of the smartphone, that part of the marketplace will become quite large over the next few years."

[source: MobileBeat]