NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $3.66, $0.38 better than the analyst estimate of $3.28. Revenue for the quarter came in at $5.66 billion versus the consensus estimate of $5.41 billion.

NVIDIA’s outlook for the second quarter of fiscal 2022 is as follows:

• Revenue is expected to be $6.30 billion, plus or minus 2 percent.
• GAAP and non-GAAP gross margins are expected to be 64.6 percent and 66.5 percent, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $1.76 billion and $1.26 billion, respectively.
• GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $50 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.

(*Consensus sees Q2 revenue of $5.5 billion)

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