英伟达投资者简报2023财年第四季度-英

Investor

PresentationQ4FY23Februar

y

27,

2023Except

for

the

historical

information

contained

herein,

certopportunityand

g

rowthdrivers;

AI

adoption

being

at

an

inflecAI

opportunity

being

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rowth

ininventory

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being

largely

behindusand

our

expectatbuild;

our

financial

outlook,

our

expected

tax

rates

and

ourproducts

and

technologies,

including

NVIDIA

Ada

Lovelace

aReflex,

NVIDIA

DRIVE,

NVIDIA

DRIVE

Orin,

DRIVE

Hyperion,

NCloud

services,

NVIDIA

IGX

platform,

NVIDIA’s

acceleration

sNVIDIA

DRIVE

Sim,

Bluefield-3

DPU,

Grace

CPU

Superchip,

anFoxconn,

Mercedes

-Benz,

Deutsche

Bank,

and

Microsoft;

accgreatest

technology

force

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data

centers

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infor

the

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NVIDIA’s

value

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and

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ram

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ly

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our

plan

for

100%

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our

global

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foThese

forward

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looking

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Important

facmanufacture,

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package

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our

products;

the

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product

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technologies;

market

acceptance

of

odemands;changes

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industrystandards

and

interfaces;

unexNVIDIA

has

based

these

forward

-

looking

statements

largelyresults

of

operations,

business

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longrisks

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you

should

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ly

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the

foroccurand

actual

results

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materially

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forward-looking

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a

re

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compathe

forward

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willoc

cur.

Except

as

requiredFo

r

a

complete

discussion

of

factors

that

could

materially

afrecent

Annual

Report

on

Form

10-K,

Quarterly

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on

Fof

rom

NVIDIA

withoutcharge.NVIDIA

uses

certain

non-GAAP

measures

in

this

p

resentatioGAAP

operating

margin,

non-GAAP

net

income,

non-GAAP

dinvestors'

overall

understanding

of

the

company's

historicaisolation

or

as

a

substitute

for

the

company's

financial

resultby

other

companies.

Further

information

relevant

to

the

inteGAAP

measures,

may

be

found

in

the

slidetitled

“ReconciliatioContent•••••Q4FY23Earnings

Summary•

Resumed

sequentialrevenue

growt

hdriven

by

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Y/

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to$6.05B•

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ower

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expect

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hinQ1and

accelerating

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ht

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Q/Q

decline

driven

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Newflagship

H100

data

center

GPU

re•

AI

adoption

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at

an

inflection

point;

the•

Gaming

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rew

Q/Qon

strong

reception

of

GeForce

RTX

40

SeriesGPUs;

down

Y/

Y

due

to

channelinventory

correction•

End

demandin

theseasonally

strong

f•

Gamers

are

responding

enthusiasticall•

The

channel

inventory

correction

is

largQ9,5008,5007,5006,5005,5004,5003,5002,5001,500100.0%90.0%80.0%70.0%60.0%50.0%40.0%Revenue($M)

Non-GAAP

GM$8,288$7,64367.0%$6,704$5,956.167.1%45.9%Q4

FY22Q1

FY23Q2FY23Q3

FYAlldollar

figures

are

in

millions

other

than

EPS.

Refer

toAppendix

forreconciliation

of

Non-GAAP

measures.Highlights••$3,8$3,806$3,750$3,263••Q4

FY22Q1

FY23Q2

FY23Q3

FYRevenue

($M)Highlights•$3,620••••$3,420$2,042$1,5Q4

FY22Q1

FY23Q2

FY23Q3

FYRevenue

($M)PHighlights•$643$622••$496$20Q4

FY22Q1

FY23Q2

FY23Q3

FYRevenue

($M)Highlights••$25$220$138$125Q4

FY22Q1

FY23Q2

FY23Q3

FYRevenue

($M)Highlights•$3,033••$1,731••$1,270$39Q4

FY22Q1

FY23Q2

FY23Q3

FYCash

Flow

from

Operations

(Gross

cash

is

definedas

cash/cash

equivalents

&

marketable

securities.Debt

is

defined

as

principal

value

ofdebt.Net

cash

is

definedas

gross

cash

less

debt.$6.5

billion64.1%RevenueGross

Margins66.5%$2.53

billion$1.78billionOperating

ExpenseOther

Income

&

ExpenseTax

Rate$50million13.0%$350million

$400millionCapital

ExpendituresReferto

Appendix

forreconciliation

of

Non-GAAP

measures.KeyAnnouncementsThisQuarterNVIDIAAda

LovelaceSu170+

Laptop

Designs

foandCreators•

GeForce

RTX

40

Series

laptops

are

uppowe

r

efficient

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genbring

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and

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r

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r

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laptops

dethe

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games,

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fthey

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to

jus•

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delivers

enthusiast-

clain

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new•

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and

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enableflagship

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previous

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a4050

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$999GeForce

RTX4070

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oveArchitecture

to

$799•

Thenew

RTX

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GPUis

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thRTX

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at

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r•

For

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RTX

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KFA2,

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Palit,as

well

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from

gaming

system

integrbuilders

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NOW

Comingt•

GeForce

NOW

cloud

gaming

service

wto

cars•

Hyundai

Motor

Group,

BYD,

and

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working

with

NVIDIA

to

dNOW

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their

vehicles•

Expands

NVIDIA’svehicle

infotainme

nwhich

include

a

suite

of

products

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improve

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cockpit

experience•

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NOW

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can

espent

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ew

RTX4080-ClassCloudGamingT

ier•

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deGeForce

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class

graphics

hor—nearly

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raand

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Ewith

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r

sixFoxconn

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autonomous

vehicle

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As

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wmanufacturer,

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NVIDIA

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fautomotive

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-

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services

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ew

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and

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year

ends

in

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Appendixfor

reconciliationof

Non-GAAP

measures.

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margins

are

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the

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in

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Refer

to

Appendixfor

reconciliationof

Non-GAAP

measures.1

Subject

to

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our

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FY23GeForce—the

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gaming

platformRevenue

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PC

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graphicsRevenue

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=Start

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balance

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to

Appendixfor

reconciliation

of

non-GAAP

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