NVIDIA Investor Presentation Deck
Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)
Gross Margin
($ in Millions &
Margin Percentage)
FY 2019
FY 2020
FY 2021
FY 2022
FY 2023
YTD Q3 2023
YTD Q3 2024
Non-GAAP
$7,233
61.7%
$6,821
62.5%
$10,947
65.6%
$17,969
66.8%
$15,965
59.2%
$11,966
57.2%
$28,000
72.1%
A. Consists of amortization of intangible assets and inventory step-up
B. Stock-based compensation charge was allocated to cost of goods sold
Acquisition-Related
and Other Costs
(A)
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(425)
(2.6)
(344)
(1.4)
(455)
(1.7)
(335)
1.6)
(358)
(0.9)
Stock-Based
Compensation
(B)
(27)
(0.2)
(39)
(0.4)
(88)
(0.5)
(141)
(0.5)
(138)
(0.5)
(108)
(0.5
(96)
(0.2)
IP-Related Costs
(35)
(0.3)
(14)
(0.1)
(38)
(0.2)
(9)
I
(16)
(0.1)
(36)
(0.1)
GAAP
$7,171
61.2%
$6,768
62.0%
$10,396
62.3%
$17,475
64.9%
$15,356
56.9%
$11,523
55.1%
$27,510
70.9%
NVIDIA
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