Q1 FY2021 Earnings Summary
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; the performance, benefits, abilities and impact of our products and technology; the timing for including Mellanox in our financials and
its impact; the impact of COVID-19 and our response; our use of cash; NVIDIA's financial outlook for the second quarter of fiscal 2021, including the impact of
the Mellanox acquisition; our operating expenses for fiscal 2021; the benefits and impact of the Mellanox acquisition; the number of Al interactions; our
growth drivers, including, but not limited to gaming, AI, AR/VR, self-driving cars, data center, professional visualization and automotive; accelerated
computing; the number of end users and customers for our products and us reaching them; sustained growth in our profitability and businesses; the number of
professional designers and creators; our financial policy; future revenue growth; our opportunities in existing and new markets; the TAM for our products; and
performance in our financial metrics are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements and any other forward-looking statements that go beyond historical facts that are made in this presentation are subject to risks
and uncertainties that may cause actual results to differ materially. Important factors that could cause actual results to differ materially include: global
economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and
competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or
our partners' products; design, manufacturing or software defects; changes in consumer preferences and demands; changes in industry standards and
interfaces; unexpected loss of performance of our products or technologies when integrated into systems and other factors.
NVIDIA has based these forward-looking statements largely on its current expectations and projections about future events and trends that it believes may
affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These
forward-looking statements are subject to a number of risks and uncertainties, and you should not rely upon the forward-looking statements as predictions of
future events. The future events and trends discussed in this presentation may not occur and actual results could differ materially and adversely from those
anticipated or implied in the forward-looking statements. Although NVIDIA believes that the expectations reflected in the forward-looking statements are
reasonable, the company cannot guarantee that future results, levels of activity, performance, achievements or events and circumstances reflected in the
forward-looking statements will occur. Except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future
events or circumstances. For a complete discussion of factors that could materially affect our financial results and operations, please refer to the reports we
file from time to time with the SEC, including our Annual Report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports we file with the SEC are
posted on our website and are available from NVIDIA without charge.
NVIDIA uses certain non-GAAP measures in this presentation including non-GAAP gross margin, non-GAAP operating margin, non-GAAP net income, non-GAAP
operating income, non-GAAP diluted earnings per share, non-GAAP operating expenses, non-GAAP other income net, non-GAAP other expense, net, free cash
flow, and adjusted EBITDA. NVIDIA believes the presentation of its non-GAAP financial measures enhances investors' overall understanding of the company's
historical financial performance. The presentation of the company's non-GAAP financial measures is not meant to be considered in isolation or as a substitute
for the company's financial results prepared in accordance with GAAP, and the company's non-GAAP measures may be different from non-GAAP measures used
by other companies. Further information relevant to the interpretation of non-GAAP financial measures, and reconciliations of these non-GAAP financial
measures to the most comparable GAAP measures, may be found in the slide titled "Reconciliation of Non-GAAP to GAAP Financial Measures".
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