Conference Call and Webcast Information
NVIDIA will host a conference call on Wednesday, Aug. 24, at 2 p.m. PT (5 p.m. ET), to discuss its financial results for the second quarter of fiscal year 2023.
The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company’s prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors.
Ahead of the call, NVIDIA will provide written commentary on its second-quarter results from its CFO, Colette Kress. This material will be posted to investor.nvidia.com immediately after the company’s results are publicly announced at approximately 1:20 p.m. PT.
The webcast will be recorded and available for replay until the company’s conference call to discuss financial results for its third quarter of fiscal year 2023.
Non-GAAP Measures
In addition to U.S. GAAP financial measures, this press release includes preliminary estimates of non-GAAP measures of certain components of financial performance. These preliminary estimates of non-GAAP measures include non-GAAP gross margin, operating expenses, other income and expense, and income tax expense.
These non-GAAP financial measures exclude stock-based compensation expense, acquisition-related and other costs, gains or losses from non-affiliated investments, interest expense related to amortization of debt discount and the associated tax impact of these items, where applicable.
A preliminary updated reconciliation of GAAP to non-GAAP gross margin, operating expenses, other income and expenses and tax rate is as follows:
Reconciliation of GAAP to non-GAAP Financial Measures
($ in millions) |
Q2 FY23
Preliminary Results |
GAAP gross margin | 43.7% |
Stock-based compensation expense, acquisition-related costs, and other costs | 2.4 |
Non-GAAP gross margin | 46.1% |
GAAP operating expenses | $2,416 |
Stock-based compensation expense and acquisition-related costs | (667) |
Non-GAAP operating expenses | $1,749 |
GAAP other expense, net | $24 |
Losses from non-affiliated investments and other costs | (8) |
Non-GAAP other expense, net | $16 |
GAAP tax rate (benefit) | (35%) |
Tax impact of non-GAAP adjustments | 37 |
Non-GAAP tax rate | 2% |