NVIDIA (NVDA) Tops Q1 EPS by 17c, Crushes Guidance
NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $1.09, $0.17 better than the analyst estimate of $0.92. Revenue for the quarter came in at $7.19 billion versus the consensus estimate of $6.52 billion.
GUIDANCE:
NVIDIA sees Q2 2024 revenue of $11 billion, versus the consensus of $7.15 billion.
- Revenue is expected to be $11.00 billion, plus or minus 2%.
- GAAP and non-GAAP gross margins are expected to be 68.6% and 70.0%, respectively, plus or minus 50 basis points.
- GAAP and non-GAAP operating expenses are expected to be approximately $2.71 billion and $1.90 billion, respectively.
- GAAP and non-GAAP other income and expense are expected to be an income of approximately $90 million, excluding gains and losses from non-affiliated investments.
- GAAP and non-GAAP tax rates are expected to be 14.0%, plus or minus 1%, excluding any discrete items.
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