NVIDIA (NVDA) Tops Q3 EPS by 6c, Revenue and Guidance Beat

NVIDIA (NASDAQ: NVDA) reported Q3 EPS of $1.17, $0.06 better than the analyst estimate of $1.11. Revenue for the quarter came in at $7.1 billion versus the consensus estimate of $6.83 billion.

GUIDANCE:

NVIDIA sees Q4 2022 revenue of $7.4 billion, versus the consensus of $6.86 billion.

• Revenue is expected to be $7.40 billion, plus or minus 2 percent.
• GAAP and non-GAAP gross margins are expected to be 65.3 percent and 67.0 percent, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $2.02 billion and $1.43 billion, respectively.
• GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $60 million, excluding gains and losses from non-affiliated investments.
• GAAP and non-GAAP tax rates are both expected to be 11 percent, plus or minus 1 percent, excluding any discrete items such as excess tax benefits or deficiencies related to stock-based compensation.

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

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