NVIDIA (NASDAQ: NVDA) reported Q4 EPS of $1.32, $0.10 better than the analyst estimate of $1.22. Revenue for the quarter came in at $7.64 billion versus the consensus estimate of $7.42 billion.

GUIDANCE:

NVIDIA sees Q1 2023 revenue of $8.1 billion, versus the consensus of $7.29 billion.

• Revenue is expected to be $8.10 billion, plus or minus 2 percent.
• GAAP and non-GAAP gross margins are expected to be 65.2 percent and 67.0 percent, respectively, plus or minus 50 basis points.
• GAAP operating expenses are expected to be $3.55 billion, including the Arm Write-off of $1.36 billion. Non-GAAP operating expenses are expected to be $1.60 billion.
• GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $55 million, excluding gains and losses from non-affiliated investments.
• GAAP and non-GAAP tax rates are expected to be 11 percent and 13 percent, respectively, plus or minus 1 percent, excluding any discrete items.

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