NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $0.33, $0.07 better than the analyst estimate of $0.26. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.16 billion.

NVIDIA's outlook for the second quarter of fiscal 2016 is as follows:

• Revenue is expected to be $1.01 billion, plus or minus two percent.
• GAAP and non-GAAP gross margins are expected to be 55.7 percent and 56.0 percent, respectively, plus or minus 50 basis points.
• GAAP operating expenses are expected to be approximately $474 million; non-GAAP operating expenses are expected to be approximately $425 million.
• GAAP and non-GAAP tax rates for the second quarter of fiscal 2016 are expected to be 23 percent and 21 percent, respectively, plus or minus one percent.
• The above GAAP outlook amounts exclude restructuring charges, which are expected to be in the range of $100 million to $125 million, primarily during fiscal 2016. These charges will consist of severance and other employee termination benefits, tax expense items and other costs associated with the wind-down, if the company is unable to sell the modem operations.
• Capital expenditures are expected to be approximately $35 million to $45 million.

(Street sees Q2 EPS of $0.27 on revenue of $1.18 billion)

For earnings history and earnings-related data on NVIDIA (NVDA) click here.