SANTA CLARA, Calif., August 15, 2019 NVIDIA (NASDAQ: NVDA)
- Revenue is expected to be $2.90 billion, plus or minus 2 percent.
- GAAP and non-GAAP gross margins are expected to be 62.0 percent and 62.5 percent, respectively, plus or minus 50 basis points.
- GAAP and non-GAAP operating expenses are expected to be approximately $980 million and $765 million, respectively.
- GAAP and non-GAAP other income and expense are both expected to be income of approximately $25 million.
- GAAP and non-GAAP tax rates are both expected to be 10 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.
Highlights
Since the end of the first quarter of fiscal 2020, NVIDIA has achieved progress in these areas: