NVIDIA (NVDA) Tops Q2 EPS by 63c, Guidance Beats

NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $2.70, $0.63 better than the analyst estimate of $2.07. Revenue for the quarter came in at $13.51 billion versus the consensus estimate of $11.13 billion.

GUIDANCE:

NVIDIA sees Q3 2024 revenue of $16 billion, versus the consensus of $12.61 billion.

• Revenue is expected to be $16.00 billion, plus or minus 2%.
• GAAP and non-GAAP gross margins are expected to be 71.5% and 72.5%, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $2.95 billion and $2.00 billion, respectively.
• GAAP and non-GAAP other income and expense are expected to be an income of approximately $100 million, excluding gains and losses from non-affiliated investments.
• GAAP and non-GAAP tax rates are expected to be 14.5%, plus or minus 1%, excluding any discrete items.

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

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