NVIDIA (NVDA) Tops Q1 EPS by 7c, Q2 Revenue Guidance Misses

May 25, 2022 4:22 PM EDT

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NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $1.36, $0.07 better than the analyst estimate of $1.29. Revenue for the quarter came in at $8.29 billion versus the consensus estimate of $8.12 billion.

GUIDANCE:

NVIDIA sees Q2 2023 revenue of $8.1 billion, versus the consensus of $8.45 billion.

  • Revenue is expected to be $8.10 billion, plus or minus 2%. This includes an estimated reduction of approximately $500 million relating to Russia and the COVID lockdowns in China.
  • GAAP and non-GAAP gross margins are expected to be 65.1% and 67.1%, respectively, plus or minus 50 basis points.
  • GAAP and non-GAAP operating expenses are expected to be approximately $2.46 billion and $1.75 billion, respectively.
  • GAAP and non-GAAP other income and expense are expected to be an expense of approximately $40 million, excluding gains and losses from non-affiliated investments.
  • GAAP and non-GAAP tax rates are expected to be 12.5%, plus or minus 1%, excluding any discrete items.

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



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