NVIDIA (NVDA) Tops Q1 EPS by 60c, Offers Q2 Guidance
(Updated - May 10, 2018 4:23 PM EDT)
NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $2.05, $0.60 better than the analyst estimate of $1.45. Revenue for the quarter came in at $3.21 billion versus the consensus estimate of $2.9 billion.
GUIDANCE:
NVIDIA sees Q2 2019 revenue of $3.1 billion plus or minus two percent, versus the consensus of $2.95 billion.
- GAAP and non-GAAP gross margins are expected to be 63.3 percent and 63.5 percent, respectively, plus or minus 50 basis points.
- GAAP and non-GAAP operating expenses are expected to be approximately $810 million and $685 million, respectively.
- GAAP and non-GAAP other income and expense are both expected to be income of approximately $15 million.
- GAAP and non-GAAP tax rates are both expected to be 11.0 percent, plus or minus one percent, excluding any discrete items. GAAP discrete items include excess tax benefits or deficiencies related to stock-based compensation, which are expected to generate variability on a quarter by quarter basis.
“We had a strong quarter with growth across every platform,” said Jensen Huang, founder and chief executive officer of NVIDIA. “Our datacenter business achieved another record and gaming remained strong.
“At the heart of our opportunity is the incredible growth of computing demand of AI, just as traditional computing has slowed. The GPU computing approach we have pioneered is ideal for filling this vacuum. And our invention of the Tensor Core GPU has further enhanced our strong position to power the AI era,” he said.
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