NVIDIA Sees Q3 Revenue $32.5B +/- 2% vs $31.77B Est., Sees GAAP Gross Margin 74.4%, Non-GAAP Gross Margin 75.0%
Portfolio Pulse from Benzinga Newsdesk
NVIDIA projects its Q3 revenue to be $32.5 billion, slightly above the estimated $31.77 billion. The company also anticipates a GAAP gross margin of 74.4% and a non-GAAP gross margin of 75.0%.
August 28, 2024 | 8:22 pm
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NVIDIA's Q3 revenue projection of $32.5 billion exceeds the market estimate of $31.77 billion, indicating strong performance. The expected GAAP and non-GAAP gross margins are 74.4% and 75.0%, respectively.
NVIDIA's revenue forecast surpasses market expectations, which is likely to positively impact its stock price. The high gross margins further indicate strong profitability, enhancing investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100