NVIDIA Announces Financial Results for Second Quarter Fiscal 2024



NVIDIA CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, except per share data)
(Unaudited)

    Three Months Ended  Six Months Ended
    July 30,  April 30,  July 31,  July 30,  July 31,
     2023    2023    2022    2023    2022 
            
GAAP gross profit$9,462  $4,648  $2,915  $14,110  $8,346 
 GAAP gross margin 
 70.1%  64.6%  43.5%  68.2%   55.7 %
    Acquisition-related and other costs (A)   119       119       121       239       214  
    Stock-based compensation expense (B)   31       27       38       58       76  
    IP-related costs   2       8             10        
Non-GAAP gross profit $ 9,614     $ 4,802     $ 3,074     $ 14,417     $ 8,636  
  Non-GAAP gross margin    71.2 %     66.8 %     45.9 %     69.7 %     57.6 %
                       
GAAP operating expenses $ 2,662     $ 2,508     $ 2,416     $ 5,169     $ 5,979  
    Stock-based compensation expense (B)   (811 )     (708 )     (611 )     (1,518 )     (1,151 )
    Acquisition-related and other costs (A)   (18 )     (54 )     (54 )     (72 )     (110 )
    Acquisition termination cost                           (1,353 )
    Legal settlement costs                           (7 )
    Contributions               (2 )           (2 )
    Other (C)   5       4             10        
Non-GAAP operating expenses $ 1,838     $ 1,750     $ 1,749     $ 3,589     $ 3,356  
                       
GAAP operating income $ 6,800     $ 2,140     $ 499     $ 8,941     $ 2,367  
    Total impact of non-GAAP adjustments to operating income   976       912       826       1,887       2,913  
Non-GAAP operating income $ 7,776     $ 3,052     $ 1,325     $ 10,828     $ 5,280  
                       
GAAP other income (expense), net $ 181     $ 69     $ (24 )   $ 249     $ (87 )
    (Gains) losses from non-affiliated investments   (62 )     14       7       (46 )     24  
    Interest expense related to amortization of debt discount   1       1       1       2       2  
Non-GAAP other income (expense), net $ 120     $ 84     $ (16 )   $ 205     $ (61 )
                       
GAAP net income $ 6,188     $ 2,043     $ 656     $ 8,232     $ 2,274  
    Total pre-tax impact of non-GAAP adjustments   915       927       833       1,843       2,940  
    Income tax impact of non-GAAP adjustments (D)   (363 )     (257 )     (197 )     (622 )     (478 )
Non-GAAP net income $ 6,740     $ 2,713     $ 1,292     $ 9,453     $ 4,736  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise