NVIDIA (NVDA) Tops Q3 EPS by 34c, Offers Q4 Guidance

NVIDIA (NASDAQ: NVDA) reported Q3 EPS of $2.91, $0.34 better than the analyst estimate of $2.57. Revenue for the quarter came in at $4.73 billion versus the consensus estimate of $4.41 billion.

GUIDANCE:

NVIDIA sees Q4 2021 revenue of $4.8 billion, versus the consensus of $4.42 billion.

• Revenue is expected to be $4.80 billion, plus or minus 2 percent.
• GAAP and non-GAAP gross margins are expected to be 62.8 percent and 65.5 percent, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $1.64 billion and $1.18 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.

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