Nvidia Non-GAAP EPS of $0.51 misses by $0.01, revenue of $6.7B in-line
Nvidia press release (NASDAQ:NVDA): Q2 Non-GAAP EPS of $0.51  misses by $0.01.
Revenue of $6.7B (+2.9% Y/Y) in-line.
Data Center revenue of $3.81 billion, up 61% from a year ago.
Quarterly return to shareholders of $3.44 billion.

Q3 Outlook: Revenue is expected to be $5.90 billion vs. consensus of $6.92B, plus or minus 2%.

Gaming and Professional Visualization revenue are expected to decline sequentially, as OEMs and channel partners reduce inventory levels to align with current levels of demand and prepare for NVIDIAâs new product generation.
The company expects that decline to be partially offset by sequential growth in Data Center and Automotive.
GAAP and non-GAAP gross margins are expected to be 62.4% and 65.0%, respectively, plus or minus 50 basis points.
GAAP and non-GAAP operating expenses are expected to be approximately $2.59 billion and $1.82 billion, respectively.
GAAP and non-GAAP other income and expense are expected to be an expense of approximately $10 million, excluding gains and losses from non-affiliated investments.
GAAP and non-GAAP tax rates are expected to be 9.5%, plus or minus 1%, excluding any discrete items.
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