NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $0.88, $0.09 better than the analyst estimate of $0.79. Revenue for the quarter came in at $2.22 billion versus the consensus estimate of $2.2 billion.

GUIDANCE:

NVIDIA sees Q2 2020 revenue of $2.55 billion, versus the consensus of $2.54 billion.

• GAAP and non-GAAP gross margins are expected to be 59.2 percent and 59.5 percent, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $985 million and $765 million, respectively.
• GAAP and non-GAAP other income and expense are both expected to be income of approximately $27 million.
• GAAP and non-GAAP tax rates are both expected to be 10 percent, plus or minus 1 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.