BPS quivers for N=2 SU(N) gauge theories are derived via geometric engineering from derived categories of toric Calabi-Yau threefolds. While the outcome is in agreement of previous low energy constructions, the geometric approach leads to several new results. An absence of walls conjecture is formulated for all values of N, relating the field theory BPS spectrum to large radius D-brane bound states. Supporting evidence is presented as explicit computations of BPS degeneracies in some examples. These computations also prove the existence of BPS states of arbitrarily high spin and infinitely many marginal stability walls at weak coupling. Moreover, framed quiver models for framed BPS states are naturally derived from this formalism, as well as a mathematical formulation of framed and unframed BPS degeneracies in terms of motivic and cohomological Donaldson-Thomas invariants. We verify the conjectured absence of BPS states with exotic SU(2)_R quantum numbers using motivic DT invariants. This application is based in particular on a complete recursive algorithm which determine the unframed BPS spectrum at any point on the Coulomb branch in terms of noncommutative Donaldson-Thomas invariants for framed quiver representations.
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