gross margin GAAP, Q3 FY2024
NVIDIA Corporation expects gross margin GAAP of 71% to 72% for Q3 FY2024.
Guided 71% to 72% on 23 Aug 2023; reported 74% 90 days later; above the range by 2.8%, better than guided.
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- Status
- missed better than guided
- Guided
- 71% to 72%
- Stated
- 2023-08-23
- Reported
- 74%
- Outcome date
- 2023-11-21
- Days to falsifiable
- 90
- Acknowledged
- no
The guidance
GAAP and non-GAAP gross margins are expected to be 71.5% and 72.5%, respectively, plus or minus 50 basis points.
8-K 0001045810-23-000171, filed 2023-08-23 View on EDGAR
The outcome
Gross margin 74.0 % 70.1 % 53.6 % Up 3.9 pts Up 20.4 pts
8-K 0001045810-23-000225, filed 2023-11-21 View on EDGAR
Review
review: hand-reviewed
Reviewed by hand by Navneet on 2026-09-22.