NVIDIA (NVDA) Misses Q3 EPS by 13c, Revenue Beats, Offers Guidance

NVIDIA (NASDAQ: NVDA) reported Q3 EPS of $0.58, $0.13 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $5.93 billion versus the consensus estimate of $5.8 billion.

GUIDANCE:

NVIDIA sees Q4 2023 revenue of $6 billion, versus the consensus of $6.09 billion.

• GAAP and non-GAAP gross margins are expected to be 63.2% and 66.0%, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $2.56 billion and $1.78 billion, respectively.
• GAAP and non-GAAP other income and expense are expected to be an income of approximately $40 million, excluding gains and losses from non-affiliated investments.
• GAAP and non-GAAP tax rates are expected to be 9.0%, plus or minus 1%, excluding any discrete items.

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

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