英伟达投资者简报2023财年第一季度-英

INVESTORPRESENTATIONQ1FY2023

MAY31,2022

Exceptforthehistoricalinformationcontainedherein,certainmattersinthispresentationincluding,butnotlimitedto,statementsasto:the

performance,specifications,benefits,impactandavailabilityofourproductsandtechnologies;launchingmultiplenewGPU,CPU,DPU,andSOC

productsacrossourbusinessesoverthecomingquarters;continuedstrongdemandforNVIDIAAI;therisingwaveofcustomerinnovationusinglarge

languagemodels;ourexpectationsonchannelinventory;enterprisescontinuingtobuildoutemployees’remoteofficeinfrastructuretosupporthybridwork;OmniverseEnterprisesoftwarebeingadoptedbysomeoftheworld’slargestcompanies;OmniverseexpandingourGPUsalespipeline;the

Omniverseecosystemrapidlyexpandingwithdevelopersinrobotics,industrialautomation,3Ddesignandrendering;ourautomotivedesignwin

pipeline;oursharerepurchaseprogram;ourfinancialposition;ourfinancialoutlook;ourexpectedtaxratesandourexpectedcapitalexpendituresforthesecondquarteroffiscal2023;ourpartnerships,collaborations,andcustomers;openingnewscienceandindustriestoacceleratedcomputing;

Taiwan’sleadingcomputermakersreleasingthefirstwaveofsystemspoweredbytheNVIDIAGraceCPUSuperchipandGraceHopperSuperchip;NVIDIApoweringtheAVrevolution;ourgrowthandgrowthdrivers;ouropportunitiesinexistingandnewmarkets;theworld’sdemandforcomputingpower

continuingtogrowexponentially;optimizingacrosstheentirestackallowingNVIDIAtoadvancecomputinginthepost-Moore’slawera;andourplanfor100%ofourglobalelectricityusageforourofficesanddatacenterstoberenewableby2025areforward-lookingstatements.Theseforward-looking

statementsandanyotherforward-lookingstatementsthatgobeyondhistoricalfactsthataremadeinthispresentationaresubjecttorisksand

uncertaintiesthatmaycauseactualresultstodiffermaterially.Importantfactorsthatcouldcauseactualresultstodiffermateriallyinclude:global

economicconditions;ourrelianceonthirdpartiestomanufacture,assemble,packageandtestourproducts;theimpactoftechnologicaldevelopmentandcompetition;developmentofnewproductsandtechnologiesorenhancementstoourexistingproductandtechnologies;marketacceptanceofourproductsorourpartners'products;design,manufacturingorsoftwaredefects;changesinconsumerpreferencesanddemands;changesinindustry

standardsandinterfaces;unexpectedlossofperformanceofourproductsortechnologieswhenintegratedintosystemsandotherfactors.

NVIDIAhasbasedtheseforward-lookingstatementslargelyonitscurrentexpectationsandprojectionsaboutfutureeventsandtrendsthatitbelievesmayaffectitsfinancialcondition,resultsofoperations,businessstrategy,short-termandlong-termbusinessoperationsandobjectives,andfinancial

needs.Theseforward-lookingstatementsaresubjecttoanumberofrisksanduncertainties,andyoushouldnotrelyupontheforward-looking

statementsaspredictionsoffutureevents.Thefutureeventsandtrendsdiscussedinthispresentationmaynotoccurandactualresultscoulddiffer

materiallyandadverselyfromthoseanticipatedorimpliedintheforward-lookingstatements.AlthoughNVIDIAbelievesthattheexpectationsreflectedintheforward-lookingstatementsarereasonable,thecompanycannotguaranteethatfutureresults,levelsofactivity,performance,achievementsoreventsandcircumstancesreflectedintheforward-lookingstatementswilloccur.Exceptasrequiredbylaw,NVIDIAdisclaimsanyobligationtoupdate

theseforward-lookingstatementstoreflectfutureeventsorcircumstances.Foracompletediscussionoffactorsthatcouldmateriallyaffectourfinancialresultsandoperations,pleaserefertothereportswefilefromtimetotimewiththeSEC,includingourAnnualReportonForm10-KandquarterlyreportsonForm10-Q.CopiesofreportswefilewiththeSECarepostedonourwebsiteandareavailablefromNVIDIAwithoutcharge.

NVIDIAusescertainnon-GAAPmeasuresinthispresentationincludingnon-GAAPgrossmargin,non-GAAPoperatingexpenses,non-GAAPoperating

income,non-GAAPoperatingmargin,non-GAAPnetincome,non-GAAPdilutedearningspershare,andfreecashflow.NVIDIAbelievesthepresentationofitsnon-GAAPfinancialmeasuresenhancesinvestors'overallunderstandingofthecompany'shistoricalfinancialperformance.Thepresentationofthecompany'snon-GAAPfinancialmeasuresisnotmeanttobeconsideredinisolationorasasubstituteforthecompany'sfinancialresultspreparedin

accordancewithGAAP,andthecompany'snon-GAAPmeasuresmaybedifferentfromnon-GAAPmeasuresusedbyothercompanies.Furtherinformationrelevanttotheinterpretationofnon-GAAPfinancialmeasures,andreconciliationsofthesenon-GAAPfinancialmeasurestothemostcomparableGAAPmeasures,maybefoundintheslidetitled“ReconciliationofNon-GAAPtoGAAPFinancialMeasures”.

CONTENT

Q1FY23EarningsSummary

KeyAnnouncementsThisQuarter

NVIDIAOverview

Financials

ReconciliationofNon-GAAPtoGAAPFinancialMeasures

Q1FY23

EARNINGSSUMMARY

HIGHLIGHTS

.Recordtotal,GamingandDataCenterrevenue

.Totalrevenueup46%y/yto$8.29B,aheadofoutlookof$8.10B+/-2%

.DataCenterup83%y/ytoarecord$3.75B;Gamingup31%y/ytoarecord$3.62B

.Acrossourbusinesses,launchingmultiplenewGPU,CPU,DPU,andSOCproductsoverthecomingquarters

.StrongDataCentergrowthledbycontinuedstrongdemandforNVIDIAAI

.Hyperscaleandcloudcomputingrevenuemorethandoubledyear-on-year;verticalindustriesrevenueupstrongdoubledigit

.StrongadoptionofA100forbothtraining&inference

.Networkingrevenueacceleratedonstrongbroad-baseddemand

.GamingpoweredbytheGeForceRTX30Seriesproductcycle,ourbestGamingproductcycleever

.Overallend-demandremainssolid,thoughmixedbyregion;enddemandintheAmericasremainsstrong

.SoftnessinpartsofEuroperelatedtothewarinUkraineandpartsofChinaduetotheCOVIDlockdowns

.Preparingforanewarchitecturaltransitionlaterintheyear

$8,288

$7,643

$7,103

$6,507

$5,661

66.2%

67.1%

67.0%

67.0%

66.7%

Q1FY22Q2FY22Q3FY22Q4FY22Q1FY23

Revenue($M)Non-GAAPGM

Q1FY2023FINANCIALSUMMARY

GAAP

Non-GAAP

Q1FY23

Y/Y

Q/Q

Q1FY23

Y/Y

Q/Q

Revenue

$8,288

+46%

+8%

$8,288

+46%

+8%

GrossMargin

65.5%

+140bps

+10bps

67.1%

+90bps

+10bps

OperatingIncome

$1,868

-4%

-37%

$3,955

+55%

+8%

NetIncome

$1,618

-15%

-46%

$3,443

+49%

+3%

DilutedEPS

$0.64

-16%

-46%

$1.36

+49%

+3%

CashFlowfromOps$1,731-8%-43%$1,731-8%-43%

Alldollarfiguresareinmillions($)otherthanEPS.DilutedEPSchangesreflectsafour-for-onestockspliteffectiveJuly2021.

HIGHLIGHTS

.Revenuefromhyperscaleandcloudcomputingcustomersmorethandoubledy/y,drivenbystrongdemandforbothexternal

andinternalworkloads

.Risingwaveofcustomerinnovationusinglargelanguage

modelsthatisdrivingincreaseddemandforNVIDIAAIandGPUinstancesinthecloud

.Verticalindustriesgrewstrongdouble-digit%y/y;topverticalsincludeconsumerinternet,financialservices,andtelecom

.Networkingrevenueacceleratedonstrong,broad-based

demandforournext-gen25,50and100Gethernetadapters

.Networkingproductsarestillsupply-constrained,thoughweexpectcontinuedimprovementthroughouttheyear

DATACENTER

REVENUE($M)

15%q/qand83%y/y

$3,750

$2,048

$2,366

$2,936

$3,263

Q1FY22Q2FY22Q3FY22Q4FY22Q1FY23

HIGHLIGHTS

.NVIDIARTXhassetanewstandardfortheindustry;250+RTX-optimizedgamesandapps-doublefromlastyear

.Almost1/3ofGeForcegamingGPUinstalledbasenowonRTX

.Channelinventoryhasnearlynormalized;expectittoremainaroundtheselevelsinQ2

.Over180laptopmodelsfeaturingRTX30-seriesGPUs,upfrom140thistimelastyear

.Over1,300gamesnowonGeForceNOW(GFN);launchedFortniteonGFNwithtouchcontrolsformobiledevices

GAMING

REVENUE($M)

6%q/qand

31%y/y

$3,620

$2,760

$3,061

$3,221

$3,420

Q1FY22Q2FY22Q3FY22Q4FY22Q1FY23

HIGHLIGHTS

.Strongy/ygrowthwassupportedbytheNVIDIARTXAmperearchitectureproductcycle

.Enterprisescontinuedtobuildoutemployees’remoteofficeinfrastructuretosupporthybridwork

.OmniverseEnterprisesoftwareisbeingadoptedbysomeoftheworld’slargestcompanies–Amazon,Kroger,PepsiCo–andis

incommercialevaluationbycloseto300others

.OmniverseisalsoexpandingourGPUsalespipeline,drivinghigher-endandmulti-GPUconfigurations

.Omniverseecosystemrapidlyexpandingwithdevelopersinrobotics,industrialautomation,3Ddesignandrendering

PROFESSIONALVISUALIZATION

REVENUE($M)

67%y/y

$372

$519

$577

3%q/q

$643

$622

Q1FY22Q2FY22Q3FY22Q4FY22Q1FY23

HIGHLIGHTS

.DRIVEOrinSOCisnowinproductionandkicksoffamajor

productcycle,withautocustomersrampinginQ2andbeyond

.Orinhasgreattraction,withover35customerwinsfromautomakers,truckmakersandrobotaxicompanies

.BYDandLucidwerethelatesttoannouncethattheyarebuildingtheirnextgenerationfleetsonDRIVEOrin

.Automotivedesignwinpipelinenowexceeds$11billionoverthenextsixyears,upfrom$8billionayearago

AUTOMOTIVE

REVENUE($M)

10%q/q

$154

$152

$135

10%y/y

$138

$125

Q1FY22Q2FY22Q3FY22Q4FY22Q1FY23

HIGHLIGHTS

Sequentialdecreaseincashflowfromoperationsprimarilyreflectsadvancedpaymentsonsupplyagreements

Increasedandextendedoursharerepurchaseprogramtorepurchaseadditionalcommonstockuptoatotalof$15BthroughDecember2023

Returned$2.10Btoshareholdersintheformofsharerepurchasesandcashdividend

Invested$383Mincapex(includesprincipalpaymentsonPP&E)

Endedthequarterwith$20.3Bingrosscashand$11.0Bindebt,$9.3Binnetcash

SOURCES&USESOFCASH

CashFlowfromOperations($M)

$3,033

$1,874

$2,682

$1,519

43%q/qand

8%y/y

$1,731

Q1FY22Q2FY22Q3FY22Q4FY22Q1FY23

Grosscashisdefinedascash/cashequivalents&marketablesecurities.

Debtisdefinedasprincipalvalueofdebt.

Netcashisdefinedasgrosscashlessdebt.

Q2FY2023OUTLOOK

.Revenue—$8.1billion,plusorminustwopercent

.ExpectstrongsequentialgrowthinDataCenterandAutomotivetobemorethanoffsetbyasequentialdeclineinGaming

.Assumesanestimatedreductionofapproximately$500millionrelatingtoRussiaandChinaCOVIDlockdowns

.Weestimatetheimpactoflowersell-throughinRussiaandChinatoaffectourQ2Gamingsell-inby~$400million

.WeestimatetheabsenceofsalestoRussiatohavea~$100millionimpactinQ2onDataCenter

.GrossMargin—65.1%GAAPand67.1%non-GAAP,plusorminus50basispoints

.OperatingExpense—$2.46billionGAAPand$1.75billionnon-GAAP

.OtherIncome&Expense—Netexpenseofapproximately$40millionforbothGAAPandnon-GAAP,excludinggainsandlossesonnon-affiliatedinvestments

.TaxRate—12.5%GAAPandnon-GAAP,plusorminusonepercent,excludingdiscreteitems

.CapitalExpenditure—Approximately$400millionto$450million

KEYANNOUNCEMENTS

THISQUARTER

60+UPDATESTONVIDIASDKS

&CUDA-XLIBRARIES

OpeningNewScienceandIndustriestoAcceleratedComputing

.AtGTCSpring2022,announcedmorethan60updatestoNVIDIASDKsandCUDA-Xlibraries,including:

.RAPIDSfordatascience

.cuOptforlogisticsoptimization

.Maxineforreinventingcommunication

.RivaforspeechAI

.Merlinforrecommendersystems

.Isaacforrobotics

.Morpheusforcybersecurity

.MONAIformedicalimaging

.3MDevelopers

.33MCumulativeCUDAdownloads

.Including8MCUDAdownloadsin2021alone

.450totalSDKsandmodels

NVIDIAHOPPER

TheNextGenerationofAcceleratedComputing

.ThenewNVIDIAHopperarchitecturedeliversanorderofmagnitudeperformanceleapoverits

predecessor

.NewNVIDIAH100istheenginefortheworld’sAIinfrastructure

.BuiltonTSMC4Nprocess

.NewDPXinstructionsacceleratedynamicprogrammingbyupto

40xcomparedtoCPUs;upto7xcomparedwithprior-genGPUs

.AvailableworldwideinQ32022

4THGENERATION

NVLINK

7XPCIeGen5

WORLD’SMOSTADVANCEDCHIP80BillionTransistors

TRANSFORMER

ENGINE

6XTransformerPerf.

2NDGENERATION

MULTI-INSTANCEGPU

7XSecureTenants

CONFIDENTIAL

COMPUTING

SecureDataandAIModelsIn-Use

NVIDIADGXH100

World’sMostAdvancedEnterpriseAIInfrastructure

.NewDGXH100,combinedwithnewNVIDIANVLinkSwitchSystem,canscaletorunmassiveAImodelswithtrillionsofparameters

.EachDGXH100provides32petaflopsofAIperformanceatnewFP8precision—6xmorethanthepriorgeneration

.DGXH100systemsarethebuildingblocksofthenext-generationNVIDIADGXPODandNVIDIADGXSuperPODAIinfrastructure

platforms

.ThesesystemswillalsopowertheNVIDIA“Eos”supercomputer,expectedtobetheworld’sfastestAIsystemwhenitbegins

operationslaterin2022

.NVIDIADGXH100systemswillbeavailableinQ32022

NVIDIAGRACECPUSUPERCHIP

NVIDIA’sFirstDiscreteDataCenterCPU

.TheNVIDIAGraceCPUisdesignedforAIinfrastructureandhigh-performancecomputing

.144ArmCPUcorespackedinasinglesocket

.ComprisesoftwoCPUchipsconnected,coherently,overNVLink-C2C―anewhigh-speed,low-latency,chip-to-chipinterconnect

.Providesthehighestperformanceandtwicethememory

bandwidthandenergy-efficiencycomparedtoleadingserverchips

.GraceCPUsuperchipwillrunallofNVIDIA’scomputingsoftwarestacks―NVIDIARTX,NVIDIAHPC,NVIDIAAIandOmniverse

.ExcelsatservingthemostdemandingHPC,AI,dataanalytics,scientificcomputingandhyperscalecomputingapplications

.Availableinthefirsthalfofcalendar2023

TAIWAN’STECHTITANSADOPTFIRSTNVIDIAGRACECPUSYSTEMDESIGNS

Taiwan’sleadingcomputermakersaresettoreleasethefirstwaveofsystemspoweredbytheNVIDIAGraceCPUSuperchipandGraceHopperSuperchip

Widerangeofworkloadsspanningdigital

twins,AI,highperformancecomputing,cloud

graphicsandgaming

DozensofservermodelsfromASUS,FoxconnIndustrial

Internet,GIGABYTE,QCT,SupermicroandWiwynnare

expectedstartinginthefirsthalfof2023

HGXGRACE

HGXGRACEHOPPER

NVIDIASPECTRUM-4

TheFirst400GbpsEnd-to-EndHyperscaleNetworkingPlatform

.NVIDIASpectrum-4enablesthelevelofnetworkingperformanceandsecurityneededfordatacenterinfrastructureatscale

.PlatformconsistsoftheNVIDIASpectrum-4switchfamily,NVIDIAConnectX-7SmartNIC,NVIDIABlueField-3DPUandtheDOCAdatacenterinfrastructuresoftware

.100Btransistors―TSMC4Nprocess

.OEMsintegratingSpectrumswitchesintotheirsystemsincludeHPE,IBM,LenovoandSupermicro

.BlueFieldDPUsarebeingofferedinsolutionsfromASUS,Dell

Technologies,GIGABYTE,H3C,IBM,Inspur,Lenovo,Quanta/QCTandSupermicro

.BlueField-3DPUandSpectrum-4switchsystemswillbeavailablelaterin2022;ConnectX-7isavailablenow

NVIDIAOVX

Data-CenterScaleOmniverseComputingSystem

.NVIDIAOVXisanewcomputingsystemforlarge-scaledigitaltwinswithinNVIDIAOmniverse,areal-timephysicalaccurateworldandsimulation3Dcollaborationdesignplatform

.OVXserversconsistof8NVIDIAA40GPUs,3NVIDIAConnectX-6Dx200GbpsNICs,1TBsystemmemoryand16TBNVMestorage

.TheOVXcomputingsystemscalesfromasinglepodofeightOVXservers,toanOVXSuperPODconsistingof32OVXserversconnectedwithNVIDIASpectrum-3switchfabricormultipleOVXSuperPODs

.OVXsolutionsareNVIDIA-CertifiedSystemsandwillbeavailablelaterin2022throughInspur,LenovoandSupermicro

NVIDIAOPENSNVLINKFORCUSTOM

SILICONINTEGRATION

OpensNewWorldforCustomChipsandSystems

.NVIDIANVLink-C2Cisanultra-fastchip-to-chipanddie-to-die

interconnectthatwillallowcustomdiestocoherentlyinterconnecttoNVIDIAGPUs,CPUs,DPUs,NICsandSOCs

.Enablescoherentinterconnectbandwidthof900GB/sorhigher

.Deliversupto25xmoreenergyefficiencyand100xmorearea-efficiencythanPCIeGen5onNVIDIAchips

.NVIDIANVLink-C2Cisthetechnologyusedtoconnecttheprocessor

siliconintheNVIDIAGracesuperchipfamily,aswellastheGraceHoppersuperchip

CUSTOMERIP

CUSTOMERIP

GPU

NIC

DPU

SOC

CPU

MAJORUPDATESTONVIDIAAI

SOFTWARESUITE

NVIDIARivaforSpeechAIandNVIDIAMerlinforSmartRecommendationsEnterGeneralAvailability

.NVIDIAAIiscomprisedofkeyenablingSDKsandsoftwaretoolsforrapiddeployment,managementandscalingofAIworkloads

.NVIDIARivaforspeechAIandNVIDIAMerlinforsmartrecommendationsarenowbothgenerallyavailable

.NVIDIAAIEnterprise2.0isnowcertifiedandsupportedacrosseverymajordatacenterandcloudplatform,includingbare-metalservers,virtualizedinfrastructureandCPU-onlysystems

.UpdateshavealsobeenmadetoNVIDIATritonforinference,NeMofor

traininglargelanguagemodels,MaxineforAIenhancedaudioandvideo,andTAOToolkitforAIdevelopment

.NVIDIAAIhasbeenadoptedbyglobalindustryleaderssuchasAmazon,Microsoft,SnapandNTTCommunications

.ThenewNVIDIAAIAcceleratedprogramhelpsensureperformanceandreliabilityofAIapplications,withmorethan100partnersatlaunch,

includingAdobe,RedHatandVMware

NEWGEFORCE

GAMINGANDSTUDIOLAPTOPS

.180+newNVIDIA-basedlaptops

.Upfrom140lastyear

SoftwareRevenueShare

NVIDIAPOWERINGAVREVOLUTION

$11BAutomotiveDesignWinPipelineOver6Years

NVIDIA’splatform

AIcompute

adoptedby:

20

of30NEV

7

of10Trucking

830

of10Robotaxiof30AVDataCenters

6YearHorizon

NVIDIAOVERVIEW

NVIDIA—ACOMPUTINGPLATFORMCOMPANY

NVIDIApioneeredacceleratedcomputingtohelpsolvethemostchallenging

computationalproblems.Theapproachisbroadlyrecognizedasthewaytoadvance

computingasMoore’slawendsandAIliftsoff.NVIDIA’splatformisinstalledinseveralhundredmillioncomputers,isavailableineverycloudandfromeveryservermaker,

powers355oftheTOP500supercomputers,andboasts3.0milliondevelopers.

Headquarters:SantaClara,CA|Headcount:~23,700

BRIEFHISTORY

1993:FoundedbyJensenHuang,ChrisMalachowsky,andCurtisPriem

1999:IPOonNASDAQat$12(priorto5stocksplits,now48:1)

2001:Xboxwin;fastestsemiconductorcompanytoreach$1Binsales2006:UnveilsCUDAarchitecture,expandingtoscientificcomputing

2016:IntroducesfirstproductsforAIandautonomousdriving

2020:AcquiresMellanoxfor$7B;launchesDPUasnewprocessorclass

Health-care

Trans-

portation

Omniverse

Robotics

GAMING

PROVIZ

HPC

AI

CUDA-X

CUDA

ARCHITECTURE

SYSTEMS

DATACENTER

FROMCHIPVENDORTOCOMPUTINGPLATFORM

1999

GM30%+

2014

GM50%+

FY22

GM~65%

NVIDIAATAGLANCE

AcceleratedComputingPioneer

REVENUEBYMARKETPLATFORM

OEM&OthersAutoProVizDataCenterGaming

$26.9B

$16.7B

$10.9B

$11.7B

$9.7B

FY18FY19FY20FY21FY22

RECOGNITIONS

HarvardBusinessReview’sTheCEO100

Fortune’sBestPlacestoWork

MITTechReview’s50SmartestCompanies

Fortune’sWorld’sMostAdmiredCompanies

ForbesJUST100BestCorporateCitizens

DowJonesSustainabilityIndex

GAMING

ARTIFICIAL

INTELLIGENCE

AION5G

DATACENTER

OMNIVERSE

TREMENDOUSMARKETFORCESDRIVINGNVIDIAGROWTH

AUTONOMOUSSYSTEMS

GAMING

46%ofFY22Rev

FY22REVENUE$12.5B,5-YEARCAGROF25%

Strongmarketpositionandtechnologyleadership

Compoundedlong-termunitandASPgrowth

200M+gamersonGeForce

StrongGamingecosystem

Multipleseculargrowthdrivers:

adoptionofRTX,expanding

populationofgamersandcreators,

eSports,VR,risingproduction

valueofgames,gaminglaptops

andcloudgaming

PROFESSIONALVISUALIZATION

8%ofFY22Rev

FY22REVENUEOF$2.1B,5-YEARCAGROF20%

90%+marketshareingraphicsforworkstations

Diversifiedendmarkets,

e.g.media&entertainment,architecture,engineering&construction,publicsector

Strongsoftwareecosystem

Multipleseculargrowthdrivers:

adoptionofRTX,hybridwork

environmentsandcollaborative

3Ddesign,AR/VR,AIandvirtual

worldworkloads,Omniverse

Enterprisesoftware

AUTOMOTIVE

2%ofFY22Rev

FY22REVENUEOF$566M,5-YEARCAGROF3%

Historicalrevenuedrivenlargelybyinfotainment

Futuregrowthlargelydrivenby

AutonomousVehicles,where

NVIDIAoffersafullhardware&

softwarestack

Over$11Bdesignwinpipeline

Multipleseculargrowthdrivers:

transitiontoself-driving,software-

definedcars,withnewsoftware

andservicesbusinessmodels

OURCOREBUSINESSES

DATACENTER

40%ofFY22Rev

FY22REVENUEOF$10.6B,5-YEARCAGROF66%

Leaderindeeplearning/AI

―usedbyallmajorcloud

computingproviders

andthousandsofenterprises

LeaderinSupercomputing

―

355oftheTOP500

Multipleseculargrowthdrivers:

fastgrowingadoptionofAIand

graphicsineverymajorindustry;

risingcomputeneedsunmetby

conventionalapproachessuch

asx86CPUs;data-center

scalecomputing

ASP=AverageSellingPrice.GamersaredefinedasconsumerswhopurchaseourGPUstoplayvideogames.200M+gamersonourplatformasofAugust2020.FY22ended1/30/2022.

66%67%60%62%63%

47%

41%

37%38%34%

Revenue($M)GrossMarginOperatingMargin

30,000

100%

24,000

18,000

12,000

6,000

0

FY18FY19FY20FY21FY22

90%

80%

70%

60%

50%

40%

30%

20%

66%

48%

45%

67%

Revenue($M)

10,000

GrossMargin

OperatingMargin

100%

8,000

6,000

4,000

2,000

0

90%

80%

70%

60%

50%

40%

30%

Q1F22Q1F23

STRONG,PROFITABLEGROWTH

Q1F22Q1F23

7

36

5

3

8

12

44

45

49

Gaming

DataCenter

ProViz

Auto

OEM&Other

Gaming

DataCenter

ProViz

Auto

OEM&Other

BusinessMix(%)

SustainedProfitability

(showingnon-GAAPmargins)

RefertoAppendixforreconciliationofNon-GAAPmeasures.Grossmarginandoperatingmarginareroundedtothenearestpercentinthechartsabove.

GPU-Computingperf2Xperyear

.

.

1000X

In10years

109

108

107

106

●1.1Xperyear

105

1.5Xperfperyear

104

103

102

Single-threadedCPUperf

198019902000201020202030

WHYACCELERATEDCOMPUTING?

AdvancingComputinginthePost-Moore’sLawEra

.Theworld’sdemandforcomputingpowercontinuestogrowexponentially,yetCPUsarenolongerkeepingupasMoore’slawhasended

.NVIDIApioneeredGPU-acceleratedcomputingtosolvethischallenge

.Optimizingacrosstheentirestack—fromsiliconto

software—allowsNVIDIAtoadvancecomputinginthepost-Moore’slaweraforlargeandimportantmarkets

.Gaming,ProViz,HighPerformanceComputing(HPC),AI,Cloud,Transportation,Healthcare,Robotics,and

theInternetofThings(IOT)

GAMING

GeForceGPUsforPCGamers

PROFESSIONALVISUALIZATION

Quadro/NVIDIARTXforWorkstations

AUTOMOTIVE

DRIVEforAutonomousVehicles

WORLDLEADERINACCELERATEDCOMPUTING

OurFourMarketPlatforms&KeyBrands

DATACENTER

DGX/HGX/EGXforHPC/AIComputeNVIDIANetworking

66%5-YRCAGR

$6,696

$2,932$2,983

$1,932

REVENUE($M)

$10,613

FY18FY19FY20FY21FY22

EVERYMAJORCLOUDPROVIDER

90%+SHAREOFACCELERATORSINSUPERCOMPUTING

NVIDIAShareofNewTOP500Systems

70%

70%

41%

34%

24%

SC11SC18SC19SC20SC21

Inover70%ofsystemsonthelist,including90%ofallnewsystems

DATACENTER

HighPerformanceComputing(HPC)andAI

REGISTEREDNVIDIA

DEVELOPERS

3.0M

2.5M

2.0M

1.5M

1.0M

2005201020152022

SC20andSC21resultsincludeMLNX

HIGHLIGHTS

#1inPCgamingwithmorethan3XtherevenueoftheothermajorGPUvendor

Expandingthemarketwithgaminglaptopsandcloudgaming

PoweringtheNintendoSwitchconsole

200M+GAMERSONGEFORCE

GAMING

GeForce—TheWorld’sLargestGamingPlatform

REVENUE($M)

$12,462

25%5-YRCAGR

$7,759

$6,246

$5,513

$5,518

FY18FY19FY20FY21FY22

50+APPLICATIONS

UNLOCKINGNEWMARKETS

F

Foundry

Remingto

n

45MDESIGNERSANDCREATIVES

AccelerateRendering|AR/VR|DataScience

SimulationandSciViz|VirtualWorkstations

PROFESSIONALVISUALIZATION

WorkstationGraphics

REVENUE($M)

$2,111

20%5-YRCAGR

$1,212

$1,130

$1,053

$934

FY18FY19FY20FY21FY22

NVIDIADRIVEPARTNERS

90

82

80

70

60

50

40

30

20

10

0

49

45

30

25

14

10

CarsTrucksTier1sRobotaxisMappingSensorsSoftware

$566

REVENUE($M)

3%5-YRCAGR

$700

$641

$558

$536

FY18FY19FY20FY21FY22

AUTOMOTIVE

InfotainmentandAutonomousVehicles

STRONGPARTNERSHIP/ECOSYSTEM

JAGUAR

VOLVO

DIDI

XPENG

RANGEROVER

MERCEDES-BENZ

ZF

TUSIMPLE

GAMING

Reaching200M+PCGamers

EveryMajorPCOEM/ODM

EveryMajorGraphicsCardManufacturer

PROVISUALIZATION

45MDesigners/Creatives

20MEnterpriseUsers

AUTO

LARGEANDDIVERSECUSTOMERBASE

ReachingHundredsofMillionsofEndUsersThroughHundredsofCustomers

DATACENTER

Cloud

HPC

ORNL

Summit

LLNL

Sierra

Piz

Daint

ABCI

VerticalIndustry

NoCustomerLargerthan10%ofTotalRevenuefortheLast2FiscalYears

FINANCIALS

AxisTitle

OPERATINGCASHFLOW—$M

9,108

5,822

4,761

3,5023,743

FY18FY19FY20FY21FY22

10,89711,561

7,1087,422

CASHBALANCE—$M

21,208

FY18FY19FY20FY21FY22

ANNUALCASH&CASHFLOWMETRICS

OPERATINGINCOME(NON-GAAP)—$M

12,690

6,803

3,735

4,407

3,617

FY18FY19FY20