Nvidia’s (NVDA) outlook for Q3 includes revenue of $54.0B, plus or minus 2%. The company has not assumed any H20 shipments to China in the outlook, it notes; GAAP and non-GAAP gross margins are expected to be 73.3% and 73.5%, respectively, plus or minus 50 basis points. The company continues to expect to exit the year with non-GAAP gross margins in the mid-70% range; GAAP and non-GAAP operating expenses are expected to be approximately $5.9B and $4.2B, respectively. Full year fiscal 2026 operating expense growth is expected to be in the high-30% range; GAAP and non-GAAP other income and expense are expected to be an income of approximately $500M, excluding gains and losses from non-marketable and publicly-held equity securities; GAAP and non-GAAP tax rates are expected to be 16.5%, plus or minus 1%, excluding any discrete items.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Notable companies reporting after market close
- AI Daily: China looking to triple output of AI chips in 2026
- NVIDIA options imply 5.9% move in share price post-earnings
- AMD Stock Remains Flat Despite RX 9070 GRE Rumors
- The Final Countdown: Ruben Roy Sets Expectations on Nvidia Stock Ahead of Earnings Today