NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $2.18, $0.21 better than the analyst estimate of $1.97. Revenue for the quarter came in at $3.87 billion versus the consensus estimate of $3.65 billion.

GUIDANCE:

NVIDIA sees Q3 2021 revenue of $4.4 billion at mid-point, versus the consensus of $3.97 billion.

• Revenue is expected to be $4.40 billion, plus or minus 2 percent.
• GAAP and non-GAAP gross margins are expected to be 62.5 percent and 65.5 percent, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $1.54 billion and $1.09 billion, respectively.
• GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $55 million.
• GAAP and non-GAAP tax rates are both expected to be 8 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.