NVIDIA Corp. Files 2024 Annual Report on Form 10-K

TL;DR

<b>NVIDIA Corp. has filed its 2024 annual report (10-K) detailing financial performance and business operations for the fiscal year ending January 28, 2024.</b>

AI Summary

NVIDIA CORP (NVDA) filed a Annual Report (10-K) with the SEC on February 21, 2024. NVIDIA Corporation filed its 2024 Form 10-K report for the fiscal year ended January 28, 2024. The filing covers financial data and business operations for NVIDIA Corp. The report details financial statements and disclosures for the fiscal year 2024. Key financial statement elements like common stock, additional paid-in capital, and retained earnings are presented. The company's principal executive offices are located at 2788 San Tomas Expressway, Santa Clara, CA 95051.

Why It Matters

For investors and stakeholders tracking NVIDIA CORP, this filing contains several important signals. This 10-K filing provides a comprehensive overview of NVIDIA's financial health and strategic positioning, crucial for investors and analysts assessing the company's performance in the semiconductor industry. The detailed financial statements and disclosures within the report are essential for understanding NVIDIA's revenue streams, profitability, and market standing, particularly in the rapidly evolving AI and data center sectors.

Risk Assessment

Risk Level: medium — NVIDIA CORP shows moderate risk based on this filing. While the filing itself is a standard disclosure, NVIDIA operates in a highly competitive and rapidly evolving technology sector, subject to significant market fluctuations and technological obsolescence risks.

Analyst Insight

Investors should closely examine the detailed financial statements and risk factors in this 10-K to understand NVIDIA's performance drivers and potential challenges in the AI and semiconductor markets.

Key Numbers

• 2024-01-28 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
• 2024-02-21 — Filing Date (FILED AS OF DATE)
• 000-23985 — SEC File Number (SEC FILE NUMBER)

Key Players & Entities

• NVIDIA CORP (company) — FILER
• 2788 SAN TOMAS EXPRESSWAY (address) — BUSINESS ADDRESS
• SANTA CLARA (location) — BUSINESS ADDRESS CITY
• CA (state) — BUSINESS ADDRESS STATE
• 95051 (zip_code) — BUSINESS ADDRESS ZIP
• John O. Dabiri (person) — Member

FAQ

Risk Factors

• Market and Industry Risks [high — market]: The company faces risks related to intense competition, rapid technological changes, and evolving market demands in the semiconductor and AI industries.
• Supply Chain and Manufacturing Risks [medium — operational]: Disruptions in the global supply chain, reliance on third-party manufacturers, and potential production issues could impact NVIDIA's ability to meet demand.
• Geopolitical and Trade Regulations [medium — regulatory]: Changes in international trade policies, export controls, and geopolitical tensions, particularly concerning semiconductor manufacturing and sales, pose significant risks.

Key Dates

• 2024-01-28: Fiscal Year End — End of the reporting period for the 2024 10-K.
• 2024-02-21: Filing Date — Date the 10-K was officially filed with the SEC.

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value per share NVDA The Nasdaq Glo
• $45.3 billion — n is at our core. We have invested over $45.3 billion in research and development since our i

Filing Documents

• nvda-20240128.htm (10-K) — 2037KB
• subsidiariesofregistrantfy.htm (EX-21.1) — 4KB
• consentofindependentregist.htm (EX-23.1) — 2KB
• nvda-2024xex311.htm (EX-31.1) — 8KB
• nvda-2024xex312.htm (EX-31.2) — 8KB
• nvda-2024xex321.htm (EX-32.1) — 6KB
• nvda-2024xex322.htm (EX-32.2) — 5KB
• compensationrecoverypolicy.htm (EX-97.1) — 50KB
• image_0.jpg (GRAPHIC) — 62KB
• nvda-20240128_g1.jpg (GRAPHIC) — 7KB
• nvda-20240128_g2.jpg (GRAPHIC) — 124KB
• 0001045810-24-000029.txt (&nbsp;) — 11537KB
• nvda-20240128.xsd (EX-101.SCH) — 66KB
• nvda-20240128_cal.xml (EX-101.CAL) — 132KB
• nvda-20240128_def.xml (EX-101.DEF) — 315KB
• nvda-20240128_lab.xml (EX-101.LAB) — 970KB
• nvda-20240128_pre.xml (EX-101.PRE) — 633KB
• nvda-20240128_htm.xml (XML) — 1788KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 13 Item 1B. Unresolved Staff Comments 31 Item 1C Cybersecurity 31 Item 2.

Properties

Properties 32 Item 3.

Legal Proceedings

Legal Proceedings 32 Item 4. Mine Safety Disclosures 32 P art II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 32 Item 6. [Reserved] 33 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 34 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 43 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 44 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 44 Item 9A.

Controls and Procedures

Controls and Procedures 44 Item 9B. Other Information 45 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 45 P art III Item 10. Directors, Executive Officers and Corporate Governance 45 Item 11.

Executive Compensation

Executive Compensation 46 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 46 Item 13. Certain Relationships and Related Transactions, and Director Independence 46 Item 14. Principal Accountant Fees and Services 46 P art IV Item 15. Exhibit and Financial Statement Schedules 47 Item 16. Form 10-K Summary 83

Signatures

Signatures 84 2 Table of Contents Where You Can Find More Information Investors and others should note that we announce material financial information to our investors using our investor relations website, press releases, SEC filings and public conference calls and webcasts. We also use the following social media channels as a means of disclosing information about the company, our products, our planned financial and other announcements and attendance at upcoming investor and industry conferences, and other matters and for complying with our disclosure obligations under Regulation FD: NVIDIA X Account (https://twitter.com/nvidia) NVIDIA Corporate Blog (http://blogs.nvidia.com) NVIDIA Facebook Page (https://www.facebook.com/nvidia) NVIDIA LinkedIn Page (http://www.linkedin.com/company/nvidia) NVIDIA Instagram Page (https://www.instagram.com/nvidia) In addition, investors and others can view NVIDIA videos on YouTube (https://www.YouTube.com/nvidia). The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these accounts and the blog, in addition to following our press releases, SEC filings and public conference calls and webcasts. This list may be updated from time to time. The information we post through these channels is not a part of this Annual Report on Form 10-K. These channels may be updated from time to time on NVIDIA's investor relations website.

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements which are based on our management's beliefs and assumptions and on information currently available to our management. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "could," "goal," "would," "expect," "plan," "anticipate," "believe," "estimate," "project," "predict," "potential," and similar expressions intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance, time frames or achievements to be materially different from any future results, performance, time frames or achievements expressed or implied by the forward-looking statements. We discuss many of these risks, uncertainties, and other factors in this Annual Report on Form 10-K in greater detail under the heading "Risk Factors." Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. Also, these forward-looking statements represent our estimates and assumptions only as of the date of this filing. You should read this Annual Report on Form 10-K completely and with the understanding that our actual future results may be materially different from what we expect. We hereby qualify our forward-looking statements by these cautionary statements. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. All references to "NVIDIA," "we," "us," "our," or the "Company" mean NVIDIA Corporation and its subsidiaries. In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based

Business

Item 1. Business Our Company NVIDIA pioneered accelerated computing to help solve the most challenging computational problems. NVIDIA is now a full-stack computing infrastructure company with data-center-scale offerings that are reshaping industry. Our full-stack includes the foundational CUDA programming model that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, software development kits, or SDKs, and Application Programming Interfaces, or APIs. This deep and broad software stack accelerates the performance and eases the deployment of NVIDIA accelerated computing for computationally intensive workloads such as artificial intelligence, or AI, model training and inference, data analytics, scientific computing, and 3D graphics, with vertical-specific optimizations to address industries ranging from healthcare and telecom to automotive and manufacturing. Our data-center-scale offerings are comprised of compute and networking solutions that can scale to tens of thousands of GPU-accelerated servers interconnected to function as a single giant computer; this type of data center architecture and scale is needed for the development and deployment of modern AI applications. The GPU was initially used to simulate human imagination, enabling the virtual worlds of video games and films. Today, it also simulates human intelligence, enabling a deeper understanding of the physical world. Its parallel processing capabilities, supported by thousands of computing cores, are essential for deep learning algorithms. This form of AI, in which software writes itself by learning from large amounts of data, can serve as the brain of computers, robots and self-driving cars that can perceive and understand the world. GPU-powered AI solutions are being developed by thousands of enterprises to deliver services and products that would have been immensely difficult or even impossible with traditional coding. Examples include generative AI, which can create

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View this 10-K filing on SEC EDGAR