EmailNVIDIA (NVDA $14.15 +0.97) issued fiscal 2013 guidance with revenues of $4.7 billion to 5.0 billion versus the $4.5 billion Capital IQ consensus. It expects GAAP and non-GAAP gross margins of approximately 51-53%.
The company further anticipates GAAP operating expenses of $1.54 billion to $1.61 billion and non-GAAP operating expenses of $1.38 billion to $1.43 billion. Non-GAAP operating expenses are expected to exclude stock-based compensation expense, amortization of acquisition-related intangible assets and other acquisition-related costs.
"We see growth across our entire GPU and mobile-processor business," said Jen-Hsun Huang, NVIDIA president and CEO. "The future for computing is visual and mobile, and we are well positioned to lead in this new era."
