Slide 1: Investor Presentation Q4 FY24
Investor Presentation Q4 FY24 February 26, 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; our financial outlook; the benefits, impact, performance, features and ava
Slide 3: Content
Content • Q4 FY24 Earnings Summary • Key Announcements This Quarter • Reconciliation of Non-GAAP to GAAP Financial Measures
Slide 4: Q4 FY24 Earnings Summary
Q4 FY24 Earnings Summary
Slide 5: Highlights
Highlights Record quarter driven by strong Data Center growth • Total revenue up 265% Y/Y to $22.10B, well above outlook of $20.00B +/- 2% • Data Center up 409% Y/Y to $18.40B • Gaming up 56% Y/Y to $2.87B Record Data Center revenue driven by NVIDIA Hopper GPU computing platform and InfiniBand netwo
Slide 6: Q4 FY24 Financial Summary
Q4 FY24 Financial Summary GAAP Non-GAAP 26,500 Revenue($M) Non-GAAP GM 88.0% Q4 FY24 Y/Y Q/Q Q4 FY24 Y/Y Q/Q $22,103 21,500 Revenue $22,103 +265% +22% $22,103 +265% +22% 83.0% $18,120 16,500 Gross Margin 76.0% +12.7 pts +2.0 pts 76.7% +10.6 pts +1.7 pts 76.7% 78.0% $13,507 75.0% Operating $13,615 +9
Slide 7: Data Center
Data Center 409% Y/Y Highlights and 27% Q/Q • Compute revenue grew more than 5X y/y; Networking 3X y/y $18,404 • Supply of Hopper architecture products is improving; demand remains very strong $14,514 • Expect next-generation products to be supply-constrained as demand far exceeds supply • Data Cent
Slide 8: Gaming
Gaming 56% Y/Y Highlights and flat Q/Q • Q4 Gaming revenue above outlook on solid consumer demand for $2,856 $2,865 GeForce RTX GPUs during the holidays • GeForce RTX 40 SUPER Series GPUs sales off to a great start $2,486 • NVIDIA offers an end-to-end platform for building and deploying $2,240 gener
Slide 9: Professional Visualization
Professional Visualization 105% Y/Y Highlights and 11% Q/Q • Sequential growth driven by a richer mix as RTX Ada $463 architecture GPUs continue to ramp $416 • Enterprises refreshing workstations to support generative AI- $379 related workloads, such as data preparation, LLM fine tuning and retrieva
Slide 10: Automotive
Automotive Highlights • Full year fiscal revenues crossed $1B mark for the first time • NVIDIA DRIVE Orin is the AI car computer of choice for 4% Y/Y software-defined AV fleets • Orin’s successor, NVIDIA DRIVE Thor, to be available next year 8% Q/Q $296 • Li Auto, Great Wall Motor, ZEEKR, and Xiaomi
Slide 11: Sources & Uses of Cash
Sources & Uses of Cash 411% Y/Y Highlights and 57% Q/Q • Y/Y and Q/Q growth reflect higher revenue • Utilized cash of $2.8 billion towards shareholder returns, including $11,499 $2.7 billion in share repurchases and $99 million in cash dividends • Invested $282M in capex (includes principal payments
Slide 12: Q1 FY25 Outlook
Q1 FY25 Outlook Revenue $24.0 billion, plus or minus 2% Expect sequential growth in Data Center and Pro Viz, partially offset by a seasonal decline in Gaming Gross Margins 76.3% GAAP and 77.0% non-GAAP, plus or minus 50 basis points Beyond Q1, for the remainder of the year, expect gross margins to r
Slide 13: Key Announcements This Quarter
Key Announcements This Quarter
Slide 14: Strategic Collaboration with AWS on Generative AI
Strategic Collaboration with AWS on New Infrastructure, Software and Services for Generative AI • NVIDIA and AWS will collaborate to host NVIDIA DGX Cloud on AWS • DGX Cloud on AWS will accelerate training of cutting-edge gen AI and LLMs that can reach beyond 1 trillion parameters NVIDIA NVIDIA NVID
Slide 15: New Gen AI Partnerships with Recursion & Amgen in Healthcare
New Gen AI Partnerships with Recursion & Amgen in Healthcare • Digital biology and gen AI are helping to reinvent drug discovery, surgery, medical imaging and wearable devices • Accelerating this shift is NVIDIA BioNeMo, a generative AI platform that provides services to develop, customize and deplo
Slide 16: NVIDIA Brings Generative AI to Installed Base of AI-Ready RTX PCs
NVIDIA Brings Generative AI to Installed Base of over 100 Million AI-Ready RTX PCs and Workstations NVIDIA RTX AI Developer Platform • NVIDIA has a massive installed base for AI applications, with over 100M NVIDIA RTX PCs and workstations shipped • AI will be delivered with a hybrid of cloud and PC
Slide 17: New GeForce RTX 40 SUPER Series Desktop GPUs and Laptops
New GeForce RTX 40 SUPER Series Desktop GPUs and New Wave of GeForce and Studio Laptops — All AI-Ready • Announced GeForce RTX 40 SUPER Series GPUs, the latest iteration of our Ada Lovelace architecture • Up to 836 AI TOPS delivering transformative capabilities for AI in gaming, creating and everyda
Slide 18: More EV Makers Choose NVIDIA DRIVE for Automated Driving
More EV Makers Choose NVIDIA DRIVE for Automated Driving • Li Auto, a pioneer in extended-range EVs, has selected NVIDIA DRIVE Thor to power its next-generation fleets • GWM (Great Wall Motor), among China’s leading new energy vehicle makers, has announced its upcoming EVs will integrate DRIVE Orin
Slide 19: Singtel, NVIDIA to Bring Sovereign AI to Southeast Asia
Singtel, NVIDIA to Bring Sovereign AI to Southeast Asia • Singtel, a leading communications services provider based in Singapore, will bring the NVIDIA AI platform to businesses in the island nation and beyond • The data centers will serve as sovereign national resources — AI factories that process
Slide 20: Announcing Equinix Private AI with NVIDIA DGX
Announcing Equinix Private AI with NVIDIA DGX Modern Generative AI Use Cases • Equinix, the world's digital infrastructure company, Drug Copilots Robotics Recommenders Autonomous Telco Vision AI announced a fully managed private cloud service that NVIDIA AI Expertise Discovery Vehicles enables enter
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 IP-Related Other Tax Impact of Non-GAAP and Other Costs Compensation GAAP Costs (C) Adjustments (A) (B) Q4 FY24 $16,959 (119) (45) (4) — — $16,791 Gross margin ($ in million) 76.7% (0.5) (0.2) — — — 76.0% Operating
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 IP-Related Gross Margin Non-GAAP Other Costs Compensation GAAP Costs (A) (B) Q4 FY 2023 66.1% (2.0) (0.5) (0.3) 63.3% 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
Slide 24: Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)
Reconciliation of Non-GAAP to GAAP Financial Measures (contd.) ($ in Millions) Q1 FY25 Outlook Non-GAAP gross margin 77.0% Impact of stock-based compensation expense, acquisition-related costs, and other costs (0.7%) GAAP gross margin 76.3% Non-GAAP operating expenses $2,500 Impact of stock-based co
Slide 25: NVIDIA
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