Slide 1: Investor Presentation Q3 FY25
Investor Presentation Q3 FY25 November 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 business plans; our markets, market opportunity, demand, growth, and growth drivers; supply for our products; our financial outloo
Slide 3: Content
Content • Q3 FY25 Earnings Summary • Key Announcements This Quarter • Reconciliation of Non-GAAP to GAAP Financial Measures
Slide 4: Q3 FY25 Earnings Summary
Q3 FY25 Earnings Summary
Slide 5: Highlights
Highlights Record quarter driven primarily by strong Data Center growth • Total revenue up 94% Y/Y to $35.1B, well above outlook of $32.5B +/- 2% • Record Data Center up 112% Y/Y to $30.8B • Gaming up 15% Y/Y to $3.3B Data Center revenue driven by exceptional demand for the NVIDIA Hopper platform •
Slide 6: Q3 FY25 Financial Summary
Q3 FY25 Financial Summary GAAP Non-GAAP 41,500 Revenue($M) Non-GAAP GM 90.0% 88.0% Q3 FY25 Y/Y Q/Q Q3 FY25 Y/Y Q/Q 36,500 $35,082 86.0% 31,500 Revenue $35,082 +94% +17% $35,082 +94% +17% $30,040 84.0% 26,500 $26,044 82.0% Gross Margin 74.6% +0.6 pts -0.5 pts 75.0% -- -0.7 pts $22,103 21,500 78.9% 80
Slide 7: Data Center
Data Center Highlights 112% Y/Y and 17% Q/Q • Cloud Service Providers were approximately half of our Data Center sales with revenue increasing more than 2x Y/Y $30,771 • NVIDIA GPU regional cloud revenue jumped 2x Y/Y with strength in North America, EMEA and Asia Pacific regions $26,272 • Consumer I
Slide 8: Gaming
Gaming 15% Y/Y Highlights and 14% Q/Q • Channel inventory remains healthy and we’re gearing up for the holiday season $3,279 • Began shipping new GeForce RTX AI PCs with up to 321 AI TOPS $2,880 from ASUS and MSI with Microsoft Copilot+ capabilities $2,856 $2,865 anticipated in Q4 $2,647 • Celebrate
Slide 9: Professional Visualization
Professional Visualization Highlights 17% Y/Y and • NVIDIA RTX workstations continue to be the preferred choice 7% Q/Q to power professional graphics, design, and engineering related $486 workloads $463 $454 $416 $427 • AI is emerging as a powerful demand driver including for autonomous vehicle simu
Slide 10: Automotive
Automotive 72% Y/Y Highlights and 30% Q/Q • Strong growth was driven by self-driving ramps of NVIDIA $449 Orin and robust end market demand for NEVs • Volvo Cars is rolling out its fully electric EX90 SUV built on NVIDIA Orin and DRIVE OS $346 $329 $281 $261 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 R
Slide 11: Sources & Uses of Cash
Sources & Uses of Cash 140% Y/Y Highlights and 22% Q/Q • Q/Q increase reflects higher revenue and the timing of payments $17,629 of cash taxes throughout the year • Y/Y increase reflects higher revenue $15,345 $14,489 • Utilized cash of $11.2B towards shareholder returns, including $11.0B in share r
Slide 12: Q4 FY25 Outlook
Q4 FY25 Outlook $37.5 billion, plus or minus 2% Incorporates continued demand for Hopper architecture and the initial ramp of our Blackwell products Revenue While demand will greatly exceed supply, we’re on track to exceed prior Q4 Blackwell revenue estimate of several $B as visibility into supply c
Slide 13: Key Announcements This Quarter
Key Announcements This Quarter
Slide 14: India Adopts NVIDIA Accelerated Computing to Revolutionize Industries
India Adopts NVIDIA Accelerated Computing to Revolutionize Industries with AI the Driving Force • India’s leading CSPs including Tata Communications and Yotta Data Services, are building AI factories with tens of thousands of NVIDIA GPUs. By year end, they will have boosted NVIDIA GPU deployments in
Slide 15: NVIDIA AI Aerial Launches to Optimize Wireless Networks
NVIDIA AI Aerial Launches to Optimize Wireless Networks, Deliver New Generative AI Experiences on One Platform • We launched the NVIDIA AI Aerial platform and announced a collaboration with T-Mobile to revolutionize the wireless telecommunications network and industry • NVIDIA AI Aerial is a fusion
Slide 16: Volvo Cars EX90 SUV Rolls Out, Built on NVIDIA
Volvo Cars EX90 SUV Rolls Out, Built on NVIDIA • Volvo Cars is rolling out its fully electric EX90, built on the NVIDIA DRIVE Orin system-on-a-chip (SoC), capable of more than 250 trillion operations per second (TOPS) • Running NVIDIA DriveOS, the system delivers high-performance processing with aut
Slide 17: Japan Adopts NVIDIA Technologies to Drive a New Industrial Revolution
Japan Adopts NVIDIA Technologies to Drive a New Industrial Revolution Agentic Physical AI AI • GMO Internet Group, Highreso, KDDI, Rutilea, and SAKURA internet are building AI infrastructure with NVIDIA accelerated computing, networking and software to accelerate transformation across the nation’s r
Slide 18: Foxconn Uses NVIDIA Omniverse to Speed Bring-up of Blackwell Factories
Foxconn Uses NVIDIA Omniverse to Speed Bring-up of Blackwell Factories • To meet demand for Blackwell, Foxconn, the world’s largest electronics manufacturer, is using NVIDIA Omniverse, to bring facilities in the U.S., Mexico and Taiwan online faster than ever • Omniverse enables industrial developer
Slide 19: NVIDIA Blackwell Delivers Next-Level MLPerf Training Performance
NVIDIA Blackwell Delivers LLM Pre-Training Next-Level MLPerf 12X Training Performance Performance/GPU 6X • In the latest MLPerf Training 4.1 industry benchmarks, 4.5X the NVIDIA Blackwell platform sweep the per-GPU benchmarks and delivered a 2.2x leap in performance over Hopper 1X • NVIDIA Hopper pl
Slide 20: Reconciliation of Non-GAAP to GAAP Financial Measures
Reconciliation of Non-GAAP to GAAP Financial Measures
Slide 21: 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) Q3 FY25 $26,322 (116) (50) — — $26,156 Gross margin ($ in million) 75.0% (0.3) (0.1) — — 74.6% Operating income $23,276 (155) (
Slide 22: Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)
Reconciliation of Non-GAAP to GAAP Financial Measures (contd.) Acquisition-Related and Stock-Based Other Gross Margin Non-GAAP Other Costs Compensation GAAP (C) (A) (B) Q3 FY 2024 75.0% (0.7) (0.2) (0.1) 74.0% Q4 FY 2024 76.7% (0.5) (0.2) — 76.0% Q1 FY 2025 78.9% (0.4) (0.1) — 78.4% Q2 FY 2025 75.7%
Slide 23: Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)
Reconciliation of Non-GAAP to GAAP Financial Measures (contd.) ($ in Millions) Q4 FY25 Outlook Non-GAAP gross margin 73.5% Impact of stock-based compensation expense, acquisition-related costs, and other costs (0.5%) GAAP gross margin 73.0% Non-GAAP operating expenses $3,400 Impact of stock-based co
Slide 24: NVIDIA
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