NVIDIA (NASDAQ: NVDA) reported Q3 EPS of $1.78, $0.21 better than the analyst estimate of $1.57. Revenue for the quarter came in at $3.01 billion versus the consensus estimate of $2.91 billion.

GUIDANCE:

NVIDIA sees Q4 2020 revenue of $2.95 billion, versus the consensus of $3.06 billion.

• Revenue is expected to be $2.95 billion, plus or minus 2 percent. Strong sequential growth is expected in Data Center, offset by a seasonal decline in GeForce® notebook GPUs and SoC modules for gaming platforms.
• GAAP and non-GAAP gross margins are expected to be 64.1 percent and 64.5 percent, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $1.02 billion and $805 million, respectively.
• GAAP and non-GAAP other income and expense are both expected to be income of approximately $25 million.
• GAAP and non-GAAP tax rates are both expected to be 9 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.

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