Earnings headlines:Revenue of $96.2Gross margin 75% but sees 74.0% next quarterEPS $2.22Q3 seen at $108B Vera Rubin is in full productionHuang says "compute is revenue"Nvidia says not assuming any data center compute revenue from China in its outlookWill pay a dividend of $0.25 per share on Oct 1NVDA outgoing spending commitments up to $279B from $119B, primarily in memoryShares are down 3.5% in the initial reaction to $205 per share.Here is what was expected for Nvidia:Q2 revenue estimtes were $91.9B to $92.3B and. Nvidia's guided range was $91.0BQ3 revenue guidance: Wall Street baseline expectations sit at $103B to $104B+ (some talk of even $109B)Q2 EPS consensus: $2.08 to $2.09 per shareGross margins projected to hold in the mid-70% rangeOther things to watch:Blackwell and Vera Rubin timelines on shippingHyperscaler spending indications and durabilityEnd user demandCircular financing criticismsCalendar 2027 earnings consensus is $9.15, rising to $14.59 in 2028Here is the pre-earnings chart: This article was written by Adam Button at investinglive.com.