UPDATE: NVIDIA (NVDA) Tops Q2 EPS by 13c; Issues Strong Q3 Revenue Outlook

NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $0.34, $0.13 better than the analyst estimate of $0.21. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.01 billion.

NVIDIA's outlook for the third quarter of fiscal 2016 is as follows:

• Revenue is expected to be $1.18 billion, plus or minus two percent. (The Street sees revenue of $1.10 billion.)
• GAAP and non-GAAP gross margins are expected to be 56.2 percent and 56.5 percent, respectively, plus or minus 50 basis points.
• GAAP operating expenses are expected to be approximately $484 million. Non-GAAP operating expenses are expected to be approximately $435 million.
• GAAP and non-GAAP tax rates for the third quarter of fiscal 2016 are expected to be 22 percent and 20 percent, respectively, plus or minus one percent.
• The above GAAP outlook amounts exclude additional restructuring charges, which are expected to be in the range of $15 million to $25 million, in the second half of fiscal 2016.
• Capital expenditures are expected to be approximately $25 million to $35 million.

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

You May Also Be Interested In

• Nvidia pitches Vera CPU to Chinese clients with August delivery target
• Lennar Corp. (LEN) Misses Q2 EPS by 1c
• NVIDIA sets annual stockholder meeting for June 24