Slide 1: Investor Presentation Q1 FY25
Investor Presentation Q1 FY25 May 28, 2024
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: our financial position; our markets, market opportunity, demand and growth drivers; supply for our products; our financial outlook; the benefits, impact, perf
Slide 3: Content
Content • Q1 FY25 Earnings Summary • Key Announcements This Quarter • Reconciliation of Non-GAAP to GAAP Financial Measures
Slide 4: Q1 FY25 Earnings Summary
Q1 FY25 Earnings Summary
Slide 5: Highlights
Highlights Record quarter driven by strong Data Center growth • Total revenue up 262% Y/Y to $26.0B, well above outlook of $24.0B +/- 2% • Data Center up 427% Y/Y to $22.6B • Gaming up 18% Y/Y to $2.6B Record Data Center revenue driven by continued strong demand for the NVIDIA Hopper GPU computing p
Slide 6: Q1 FY25 Financial Summary
Q1 FY25 Financial Summary GAAP Non-GAAP 31,500 Revenue($M) Non-GAAP GM 88.0% Q1 FY25 Y/Y Q/Q Q1 FY25 Y/Y Q/Q 26,500 $26,044 Revenue $26,044 +262% +18% $26,044 +262% +18% 83.0% $22,103 21,500 78.9% Gross Margin 78.4% +13.8 pts +2.4 pts 78.9% +12.1 pts +2.2 pts $18,120 76.7% 78.0% 16,500 75.0% Operati
Slide 7: Data Center
Data Center Highlights 427% Y/Y and 23% Q/Q • Compute revenue was $19.4B, up more than 5X Y/Y and 29% Q/Q driven by the NVIDIA Hopper GPU computing platform for training $22,563 and inferencing LLMs, recommendation engines, and generative AI • Networking revenue was $3.2B, up more than 3X Y/Y on str
Slide 8: Gaming
Gaming 18% Y/Y Highlights • Y/Y growth reflects higher demand; Q/Q decrease reflects $2,856 $2,865 8% Q/Q seasonally lower GPU sales for laptops, consistent with outlook $2,647 • End demand and channel inventory remain healthy across the $2,486 product range $2,240 • GeForce RTX 40 SUPER GPUs market
Slide 9: Professional Visualization
Professional Visualization 45% Y/Y Highlights • Y/Y increase primarily reflects higher sell-in to partners 8% Q/Q following the normalization of channel inventory levels • Q/Q decrease primarily due to desktop workstation GPUs $463 $416 $427 • Generative AI and Omniverse industrial digitalization wi
Slide 10: Automotive
Automotive Highlights • Y/Y increase driven primarily by self-driving platforms • Q/Q growth driven by the ramp of AI cockpit solutions with 11% Y/Y global OEM customers and strength in self-driving platforms and 17% Q/Q • Supported Xiaomi in the successful launch of its first electric $329 vehicle
Slide 11: Sources & Uses of Cash
Sources & Uses of Cash 427% Y/Y Highlights and 33% Q/Q • Y/Y increase reflects higher revenue $15,345 • Q/Q increase reflects higher revenue and lower cash taxes • Utilized cash of $7.8B towards shareholder returns, including $7.7B in share repurchases and $98M in cash dividends $11,499 • Invested $
Slide 12: Q2 FY25 Outlook
Q2 FY25 Outlook Revenue $28.0 billion, plus or minus 2% Expect sequential growth in all market platforms Gross Margins 74.8% GAAP and 75.5% non-GAAP, plus or minus 50 basis points For the full year, expect gross margins to be in the mid-70 % range Operating Expense Approximately $4.0 billion GAAP an
Slide 13: Key Announcements This Quarter
Key Announcements This Quarter
Slide 14: NVIDIA Blackwell and Data Center Scale Platforms Power the Trillion-Parameter AI Era
NVIDIA Blackwell and Wave of Data Center Scale Platforms Power the Trillion-Parameter AI Era • NVIDIA Blackwell enables real-time generative AI on trillion- parameter large language models at up to 25x lower TCO and energy consumption than its predecessor • Blackwell delivers up to 4x faster trainin
Slide 15: New Wave of NVIDIA Networking Designed for Massive-Scale AI
New Wave of NVIDIA Networking Designed for Massive-Scale AI • NVIDIA Quantum-X800 InfiniBand and NVIDIA Spectrum-X800 Ethernet are the world’s first networking platforms capable of end-to-end 800Gb/s throughput NVIDIA Quantum-X800 InfiniBand • The platforms feature software that accelerates AI, clou
Slide 16: NVIDIA NIM Inference and CUDA-X Microservices
NVIDIA NIM Inference and CUDA-X Microservices Industry-Standard APIs Text, Speech, Image, Video, 3D, Biology NVIDIA TensorRT LLM and Triton cuBLAS , cuDNN, In-Flight Batching, NVIDIA Triton Inference Server Memory Optimization, FP8 Quantization cuDF, CV-CUDA, DALI, NCCL, • New cloud-native NVIDIA NI
Slide 17: NVIDIA AI and Accelerated Computing Expand to Major Enterprise Workloads and Industries
NVIDIA AI and Accelerated Computing Expand to Major Enterprise Workloads and Industries Data CAD, CAE, SDA Genomics, Processing Drug Discovery • Announced the acceleration of major workloads and expanding adoption of NVIDIA AI & accelerated computing across large industries • Enterprise software & d
Slide 18: NVIDIA Powers the Next Generation of Autonomous Machines
NVIDIA Powers the Next Generation of Autonomous Machines • Leading transportation companies choose NVIDIA DRIVE Thor to power their next-gen consumer & commercial fleets, from new energy vehicles & trucks to robotaxis, robobuses & last-mile autonomous delivery vehicles • DRIVE Thor is a centralized
Slide 19: H200 and TensorRT-LLM Set MLPerf LLM Inference Records
NVIDIA H200 Tensor Core GPUs and NVIDIA TensorRT-LLM Set MLPerf LLM Inference Records New MLPerf Llama 2 70B Results Tokens/Second Server Offline 31,712 • In the latest MLPerf benchmark for AI inference, NVIDIA Hopper 29,526 swept every test of AI inference on a per accelerator basis, demonstrating
Slide 20: NVIDIA Sweeps Ranking of Most Energy-Efficient Supercomputers
NVIDIA Sweeps New Ranking of World’s Most Energy-Efficient Supercomputers Cumulative AI FLOPS GENCI BioHive2 400 Helios OFP-II Cumulative AI Performance (ExaFLOPS of AI) Miyabi Isambard AI 350 • In the latest ranking of the world’s most energy-efficient DeltaAI JEDI supercomputers – the Green500 – N
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) Q1 FY25 $20,560 (119) (36) 1 — $20,406 Gross margin ($ in million) 78.9% (0.4) (0.1) — — 78.4% Operating income $18,059 (140) (
Slide 23: Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)
Reconciliation of Non-GAAP to GAAP Financial Measures (contd.) Acquisition-Related and Stock-Based Other Gross Margin Non-GAAP Other Costs Compensation GAAP (C) (A) (B) Q1 FY 2024 66.8% (1.7) (0.4) (0.1) 64.6% Q2 FY 2024 71.2% (0.9) (0.2) — 70.1% Q3 FY 2024 75.0% (0.7) (0.2) (0.1) 74.0% Q4 FY 2024 7
Slide 24: Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)
Reconciliation of Non-GAAP to GAAP Financial Measures (contd.) ($ in Millions) Q2 FY25 Outlook Non-GAAP gross margin 75.5% Impact of stock-based compensation expense, acquisition-related costs, and other costs (0.7%) GAAP gross margin 74.8% Non-GAAP operating expenses $2,800 Impact of stock-based co
Slide 25: nVIDIA st”
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