Slide 1: Investor Presentation Q4 FY25
Investor Presentation Q4 FY25 March 2025
Slide 2: Forward-looking statements
Except for the historical information contained herein, certain matters in this presentation including, but not limited to, statements as to: expectations with respect to growth, performance and benefits of NVIDIA’s products, services, and technologies, including Blackwell, and related trends and dr
Slide 3: Content
Content • Q4 FY25 Earnings Summary • Key Announcements This Quarter • Reconciliation of Non-GAAP to GAAP Financial Measures
Slide 4: Q4 FY25 Earnings Summary
Q4 FY25 Earnings Summary
Slide 5: Highlights
Highlights Record quarter driven primarily by strong Data Center growth • Total revenue up 78% Y/Y to $39.3B, above outlook of $37.5B +/- 2% • Record Data Center up 93% Y/Y to $35.6B • Gaming down 11% Y/Y to $2.5B Data Center revenue driven by Blackwell ramp and H200 growth • Delivered $11B of Black
Slide 6: Q4 FY25 Financial Summary
Q4 FY25 Financial Summary GAAP Non-GAAP 41,500 Revenue($M) Non-GAAP GM 90.0% $39,331 88.0% Q4 FY25 Y/Y Q/Q Q4 FY25 Y/Y Q/Q 36,500 $35,082 86.0% 31,500 Revenue $39,331 +78% +12% $39,331 +78% +12% $30,040 84.0% 26,500 $26,044 82.0% Gross Margin 73.0% -3.0 pts -1.6 pts 73.5% -3.2 pts -1.5 pts $22,103 2
Slide 7: Data Center
Data Center Highlights 93% Y/Y and 16% Q/Q • Data center compute revenue jumped 18% q/q and over 2x y/y $35,580 • Large CSPs represented about half of Data Center revenue with sales up nearly 2x y/y $30,771 • Azure, GCP, AWS, and OCI some of the first to stand up Blackwell GB200 • Blackwell has grea
Slide 8: Gaming
Gaming 11% Y/Y Highlights and 22% Q/Q • End demand remained strong throughout the holiday however shipments were impacted by supply constraints $3,279 • Expect strong q/q growth in Q1 as supply increases $2,880 $2,865 • New GeForce RTX 50 Series Desktop and Laptop GPUs are here $2,647 • Feature up t
Slide 9: Professional Visualization
Professional Visualization Highlights 10% Y/Y and • Key industry verticals driving demand include automotive and 5% Q/Q healthcare $511 $486 • NVIDIA technologies and gen AI are reshaping design, $463 $454 engineering and simulation workloads, and being leveraged in $427 leading software platforms f
Slide 10: Automotive
Automotive 103% Y/Y Highlights and 27% Q/Q • Record Auto revenue - strong growth driven by continued ramp in autonomous vehicles including cars and robotaxis $570 • Toyota will build its next-generation vehicles on NVIDIA Orin $449 • Aurora and Continental will deploy driverless trucks at scale powe
Slide 11: Sources & Uses of Cash
Sources & Uses of Cash 45% Y/Y Highlights 6% Q/Q • Q/Q decline driven by higher accounts receivable balance due to $17,629 shipment linearity and increased inventory to support Blackwell $16,628 ramp $15,345 • Y/Y increase reflects higher revenue $14,489 • Utilized cash of $8.1B towards shareholder
Slide 12: Q1 FY26 Outlook
Q1 FY26 Outlook $43.0 billion, plus or minus 2% Revenue Significant ramp of Blackwell expected in Q1 Expect q/q growth in both Data Center and Gaming Within Data Center, expect q/q growth from both Compute and Networking Gross Margins 70.6% GAAP and 71.0% non-GAAP, plus or minus 50 basis points When
Slide 13: Key Announcements This Quarter
Key Announcements This Quarter
Slide 14: NVIDIA Blackwell GeForce RTX 50 Series Opens New World of AI Computer Graphics
NVIDIA Blackwell GeForce RTX 50 Series Opens New World of AI Computer Graphics • Announced new GeForce RTX 50 Series Desktop and Laptop GPUs for gamers, creators and developers • Powered by NVIDIA Blackwell architecture, 5th gen Tensor Cores and 4th gen RT Cores • Features up to 3,400 AI TOPS • Deli
Slide 15: NVIDIA Project DIGITS Puts Grace Blackwell on Every Desk
NVIDIA Project DIGITS Puts Grace Blackwell on Every Desk and at Every AI Developer’s Fingertips • NVIDIA Project DIGITS is a personal AI supercomputer that provides millions of AI researchers, data scientists and students with access to the power of the NVIDIA Grace Blackwell platform • Runs the NVI
Slide 16: NVIDIA Launches Cosmos World Foundation Model Platform
NVIDIA Launches Cosmos World Foundation Model Platform to Accelerate Physical AI and Robotics Development • NVIDIA Cosmos is a platform optimized for NVIDIA data center GPUs and purpose built to advance autonomous vehicle (AV) and robotics development Image • Cosmos open world foundation model (WFM)
Slide 17: NVIDIA Expands Omniverse With Generative Physical AI
NVIDIA Expands Omniverse With Generative Physical AI • Announced generative AI models and blueprints that expand NVIDIA Omniverse integration further into physical AI apps such as robotics, autonomous vehicles (AV) and vision AI • The blueprints include: • Mega - for developing and testing robot fle
Slide 18: Toyota Joins Expanding List of Partners on NVIDIA DRIVE
Toyota Joins Expanding List of Partners on NVIDIA DRIVE • Toyota, the world’s largest automaker, will build its next- generation vehicles on NVIDIA DRIVE AGX, running the safety-certified NVIDIA DriveOS operating system • Announced long-term strategic partnerships with Aurora and Continental to depl
Slide 19: New NVIDIA Nemotron Model Families to Advance Agentic AI
New NVIDIA Nemotron Model Families to Advance Agentic AI • Open Llama Nemotron large language models and Cosmos Nemotron vision language models supercharge AI agents help developers create and deploy AI agents • Available as NVIDIA NIM microservices • Applications include customer support, fraud det
Slide 20: NVIDIA Partners With Industry Leaders in Genomics, Drug Discovery and Healthcare
NVIDIA Partners With Industry Leaders to Advance Genomics, Drug Discovery and Healthcare • Healthcare leaders IQVIA, Illumina and Mayo Clinic, as well as Arc Institute are using NVIDIA AI and accelerated computing to speed drug discovery, enhance genomic research and pioneer advanced healthcare serv
Slide 21: Reconciliation of Non-GAAP to GAAP Financial Measures
Reconciliation of Non-GAAP to GAAP Financial Measures
Slide 22: Reconciliation of Non-GAAP to GAAP Financial Measures
Reconciliation of Non-GAAP to GAAP Financial Measures Acquisition-Related Stock-Based Other Tax Impact of Non-GAAP and Other Costs Compensation GAAP (C) Adjustments (A) (B) Q4 FY25 $28,894 (118) (53) — — $28,723 Gross margin ($ in million) 73.5% (0.3) (0.2) — — 73.0% Operating income $25,516 (161) (
Slide 23: Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)
Reconciliation of Non-GAAP to GAAP Financial Measures (contd.) Acquisition-Related and Stock-Based Gross Margin Non-GAAP Other Costs Compensation GAAP (A) (B) Q4 FY 2024 76.7% (0.5) (0.2) 76.0% Q1 FY 2025 78.9% (0.4) (0.1) 78.4% Q2 FY 2025 75.7% (0.4) (0.2) 75.1% Q3 FY 2025 75.0% (0.3) (0.1) 74.6% A
Slide 24: Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)
Reconciliation of Non-GAAP to GAAP Financial Measures (contd.) ($ in Millions) Q1 FY26 Outlook Non-GAAP gross margin 71.0% Impact of stock-based compensation expense, acquisition-related costs, and other costs (0.4%) GAAP gross margin 70.6% Non-GAAP operating expenses $3,600 Impact of stock-based co
Slide 25: nVIDIA st”
nVIDIA st”