UPDATE: NVIDIA (NVDA) Tops Q2 EPS by 13c; Issues Strong Q3 Revenue Outlook
NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $0.34, $0.13 better than the analyst estimate of $0.21. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.01 billion.
NVIDIA's outlook for the third quarter of fiscal 2016 is as follows:
- Revenue is expected to be $1.18 billion, plus or minus two percent. (The Street sees revenue of $1.10 billion.)
- GAAP and non-GAAP gross margins are expected to be 56.2 percent and 56.5 percent, respectively, plus or minus 50 basis points.
- GAAP operating expenses are expected to be approximately $484 million. Non-GAAP operating expenses are expected to be approximately $435 million.
- GAAP and non-GAAP tax rates for the third quarter of fiscal 2016 are expected to be 22 percent and 20 percent, respectively, plus or minus one percent.
- The above GAAP outlook amounts exclude additional restructuring charges, which are expected to be in the range of $15 million to $25 million, in the second half of fiscal 2016.
- Capital expenditures are expected to be approximately $25 million to $35 million.
For earnings history and earnings-related data on NVIDIA (NVDA) click here.