NVIDIA (NVDA) Tops Q3 EPS by 66c, Revenue Guidance Beats

NVIDIA (NASDAQ: NVDA) reported Q3 EPS of $4.02, $0.66 better than the analyst estimate of $3.36. Revenue for the quarter came in at $18.12 billion versus the consensus estimate of $16.18 billion.

GUIDANCE:

NVIDIA sees Q4 2024 revenue of $20 billion, versus the consensus of $17.8 billion.

• Revenue is expected to be $20.00 billion, plus or minus 2%.
• GAAP and non-GAAP gross margins are expected to be 74.5% and 75.5%, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $3.17 billion and $2.20 billion, respectively.
• GAAP and non-GAAP other income and expense are expected to be an income of approximately $200 million, excluding gains and losses from non-affiliated investments.
• GAAP and non-GAAP tax rates are expected to be 15.0%, plus or minus 1%, excluding any discrete items.

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