NVIDIA (NVDA) Tops Q2 EPS by 2c, Q3 Revenue Guidance Beats

NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $1.04, $0.02 better than the analyst estimate of $1.02. Revenue for the quarter came in at $6.51 billion versus the consensus estimate of $6.33 billion.

GUIDANCE:

NVIDIA sees Q3 2022 revenue of $6.8 billion, versus the consensus of $6.53 billion.

• Revenue is expected to be $6.80 billion, plus or minus 2 percent.
• GAAP and non-GAAP gross margins are expected to be 65.2 percent and 67.0 percent, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $1.96 billion and $1.37 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 on equity securities.
• 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.

You May Also Be Interested In

• Science Applications Int'l (SAIC) Tops Q2 EPS by 70c
• Ulta Beauty (ULTA) Tops Q2 EPS by 38c, Offers Outlook
• NVIDIA to invest $3.5B in Mediatek - Bloomberg