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| NVIDIA CORPORATION | |||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | |||||||||||||||||
| (In millions, except per share data) | |||||||||||||||||
| (Unaudited) | |||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||
| July 31, | August 1, | July 31, | August 1, | ||||||||||||||
|
2022
|
2021
|
2022
|
2021
| ||||||||||||||
| Revenue | $ | 6,704 | $ | 6,507 | $ | 14,992 | $ | 12,168 | |||||||||
| Cost of revenue | 3,789 | 2,292 | 6,646 | 4,324 | |||||||||||||
| Gross profit | 2,915 | 4,215 | 8,346 | 7,844 | |||||||||||||
| Operating expenses | |||||||||||||||||
| Research and development | 1,824 | 1,245 | 3,443 | 2,398 | |||||||||||||
| Sales, general and administrative | 592 | 526 | 1,183 | 1,046 | |||||||||||||
| Acquisition termination cost | - | - | 1,353 | - | |||||||||||||
| Total operating expenses | 2,416 | 1,771 | 5,979 | 3,444 | |||||||||||||
| Income from operations | 499 | 2,444 | 2,367 | 4,400 | |||||||||||||
| Interest income | 46 | 6 | 64 | 13 | |||||||||||||
| Interest expense | (65 | ) | (60 | ) | (132 | ) | (113 | ) | |||||||||
| Other, net | (5 | ) | 4 | (19 | ) | 138 | |||||||||||
| Other income (expense), net | (24 | ) | (50 | ) | (87 | ) | 38 | ||||||||||
| Income before income tax | 475 | 2,394 | 2,280 | 4,438 | |||||||||||||
| Income tax expense (benefit) | (181 | ) | 20 | 6 | 153 | ||||||||||||
| Net income | $ | 656 | $ | 2,374 | $ | 2,274 | $ | 4,285 | |||||||||
| Net income per share: | |||||||||||||||||
| Basic | $ | 0.26 | $ | 0.95 | $ | 0.91 | $ | 1.72 | |||||||||
| Diluted | $ | 0.26 | $ | 0.94 | $ | 0.90 | $ | 1.69 | |||||||||
| Weighted average shares used in per share computation: | |||||||||||||||||
| Basic | 2,495 | 2,493 | 2,500 | 2,489 | |||||||||||||
| Diluted | 2,516 | 2,532 | 2,526 | 2,529 | |||||||||||||
