NVIDIA Says Q2 GAAP And Non-GAAP Gross Margins Expected To Be 74.9% And 75.0%, Respectively, +/- 50 Basis Points

Outlook

NVIDIA's outlook for the second quarter of fiscal 2027 is as follows:

• Revenue is expected to be $91.0 billion, plus or minus 2%. NVIDIA is not assuming any Data Center compute revenue from China in its outlook.
• GAAP and non-GAAP gross margins are expected to be 74.9% and 75.0%, respectively, plus or minus 50 basis points.
• GAAP and non-GAAP operating expenses are expected to be approximately $8.5 billion and $8.3 billion, respectively.
  
   

For the full year fiscal 2027, NVIDIA expects GAAP and non-GAAP tax rates to be between 16.0% and 18.0%, excluding any discrete items and material changes to NVIDIA's tax environment.