NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $1.94, $0.28 better than the analyst estimate of $1.66. Revenue for the quarter came in at $3.12 billion versus the consensus estimate of $3.1 billion.

"Growth across every platform – AI, Gaming, Professional Visualization, self-driving cars – drove another great quarter,” said Jensen Huang, founder and CEO of NVIDIA. “Fueling our growth is the widening gap between demand for computing across every industry and the limits reached by traditional computing. Developers are jumping on the GPU-accelerated computing model that we pioneered for the boost they need.

“We announced Turing this week. Turing is the world’s first ray-tracing GPU and completes the NVIDIA RTX platform, realizing a 40-year dream of the computer graphics industry. Turing is a giant leap forward and the greatest advance for computing since we introduced CUDA over a decade ago.”

GUIDANCE:

• Revenue is expected to be $3.25 billion, plus or minus two percent (*** consensus is $3.34 billion)
• GAAP and non-GAAP gross margins are expected to be 62.6 percent and 62.8 percent, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $870 million and $730 million, respectively.
• GAAP and non-GAAP other income and expense are both expected to be income of approximately $20 million.
• GAAP and non-GAAP tax rates are both expected to be 9 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.

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