NVIDIA Investor Presentation Deck

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; a broadening set of GPU-specialized CSPs; entering the holidays with our best-ever line-up for gamers and creators; generative Al emerging as the new "killer app" for high-performance PCs; being on track to exit the year at an annualized revenue run rate of $1 billion for our recurring software, support, and services offerings; Al emerging as a powerful demand driver for Professional Visualization; Foxconn incorporating Omniverse into its manufacturing process; our financial outlook, and expected tax rates for the fourth quarter of fiscal 2024; our expectations of sequential growth to be driven by Data Center, continued strong demand for compute and networking, and Gaming likely declining sequentially; the U.K. government building one of the world's fastest Al supercomputers; Jülich building its next-gen Al supercomputer; the combined Al compute capacity of all the supercomputers built on Grace Hopper across the U.S., EMEA and Japan next year; the benefits, impact, performance, features and availability of our products and technologies; the benefits, impact, features and timing of our collaborations or partnerships; NVIDIA accelerated computing being broadly recognized as the way to advance computing as Moore's law ends and Al lifts off; accelerated computing being needed to tackle the most impactful opportunities of our time; Al driving a platform shift from general purpose to accelerated computing, and enabling new, never-before-possible applications; trillion dollars of installed global data center infrastructure transitioning to accelerated computing; broader enterprise adoption of Al and accelerated computing under way; Al and accelerated computing making possible the next big waves of autonomous machines and industrial digitalization; a rapidly growing universe of applications and industry innovation; Al's ability to augment creativity and productivity; generative Al as the most important computing platform of our generation; data centers becoming Al factories; full-stack and data center scale acceleration driving significant cost savings and workload scaling; the high ROI of high compute performance; our belief that every important company will run its own Al factories; our dividend program plan; Al factories expanding our market opportunity; our Automotive design win pipeline, ramp and production expectations; our aim to engage manufacturing suppliers and goal of effecting supplier adoption of science-based environmental targets by fiscal 2026; and our plan for 100% renewable electricity for our operations and data centers by fiscal 2025 and annually thereafter are forward-looking statements. 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 most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Copies of reports we file with the SEC are posted on our website and are available from NVIDIA without charge. Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements within are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein. NVIDIA uses certain non-GAAP measures in this presentation including non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP diluted earnings per share, and free cash flow. 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". NVIDIA |