NVIDIA (NVDA) Tops Q1 EPS by 14c; Offers Strong Q2 Revenue Guidance

NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $0.46, $0.14 better than the analyst estimate of $0.32. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.26 billion.

GUIDANCE:

NVIDIA sees Q2 2017 revenue of $1.35 billion, versus the consensus of $1.28 billion.

• GAAP and non-GAAP gross margins are expected to be 57.7 percent and 58.0 percent, respectively, plus or minus 50 basis points.
• GAAP operating expenses are expected to be approximately $500 million. Non-GAAP operating expenses are expected to be approximately $445 million.
• GAAP and non-GAAP tax rates for the second quarter of fiscal 2017 are both expected to be 20 percent, plus or minus one percent.
• Capital expenditures are expected to be approximately $30 million to $40 million.

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

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