NVIDIA Corp Files 10-Q for Period Ending April 28, 2024
Ticker: NVDA · Form: 10-Q · Filed: May 29, 2024 · CIK: 1045810
| Field | Detail |
|---|---|
| Company | Nvidia CORP (NVDA) |
| Form Type | 10-Q |
| Filed Date | May 29, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, semiconductors
Related Tickers: NVDA
TL;DR
NVIDIA's Q1 2024 10-Q is in. Check financials.
AI Summary
NVIDIA Corporation filed its 10-Q for the period ending April 28, 2024. The filing details financial performance and business operations, including information on their semiconductor products and services. Key financial data and operational highlights are presented for the reporting period.
Why It Matters
This filing provides crucial insights into NVIDIA's financial health and operational performance, impacting investors and the broader tech industry.
Risk Assessment
Risk Level: medium — As a major player in the semiconductor industry, NVIDIA faces risks related to supply chain disruptions, technological advancements, and geopolitical factors.
Key Numbers
- 20240428 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
- 0126 — Fiscal Year End (Specifies the end date of NVIDIA's fiscal year.)
Key Players & Entities
- NVIDIA CORP (company) — Filer of the 10-Q
- 20240428 (date) — End of the reporting period
- 0001045810-24-000124 (document_id) — Accession number for the filing
- SANTA CLARA, CA (location) — NVIDIA's business and mail address
FAQ
What is the primary form type being filed?
The primary form type being filed is a 10-Q.
What is the Conformed Period of Report?
The Conformed Period of Report is 20240428.
What is NVIDIA's Standard Industrial Classification code?
NVIDIA's Standard Industrial Classification code is 3674, Semiconductors & Related Devices.
Where is NVIDIA's business address located?
NVIDIA's business address is located at 2788 San Tomas Expressway, Santa Clara, CA 95051.
What is the SEC File Number for NVIDIA Corp?
The SEC File Number for NVIDIA Corp is 000-23985.
Filing Stats: 4,767 words · 19 min read · ~16 pages · Grade level 14.8 · Accepted 2024-05-29 16:36:32
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share NVDA The Nasdaq Glo
Filing Documents
- nvda-20240428.htm (10-Q) — 1174KB
- ex102-globalrsuagreementx2.htm (EX-10.2) — 302KB
- ex103-psutemplatemarch2024.htm (EX-10.3) — 305KB
- nvda2025q1ex311.htm (EX-31.1) — 8KB
- nvda2025q1ex312.htm (EX-31.2) — 8KB
- nvda2025q1ex321.htm (EX-32.1) — 5KB
- nvda2025q1ex322.htm (EX-32.2) — 5KB
- nvda-20240428_g1.jpg (GRAPHIC) — 7KB
- 0001045810-24-000124.txt ( ) — 8308KB
- nvda-20240428.xsd (EX-101.SCH) — 54KB
- nvda-20240428_cal.xml (EX-101.CAL) — 97KB
- nvda-20240428_def.xml (EX-101.DEF) — 227KB
- nvda-20240428_lab.xml (EX-101.LAB) — 643KB
- nvda-20240428_pre.xml (EX-101.PRE) — 461KB
- nvda-20240428_htm.xml (XML) — 1206KB
: Financial Information
Part I : Financial Information Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) a) Condensed Consolidated Statements of Income for the three months ended April 28, 2024 and April 30, 2023 3 b) Condensed Consolidated Statements of Comprehensive Income for the three months ended April 28, 2024 and April 30, 2023 4 c) Condensed Consolidated Balance Sheets as of April 28, 2024 and January 28, 2024 5 d) Condensed Consolidated Statements of Shareholders' Equity for the three months ended April 28, 2024 and April 30, 2023 6 e) Condensed Consolidated Statements of Cash Flows for the three months ended April 28, 2024 and April 30, 2023 7 f) Notes to Condensed Consolidated Financial Statements 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations 23
Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.
Quantitative and Qualitative Disclosures About Market Risk 31
Quantitative and Qualitative Disclosures About Market Risk 31 Item 4.
Controls and Procedures 31
Controls and Procedures 31
: Other Information
Part II : Other Information Item 1. Legal Proceedings 31 Item 1A. Risk Factors 31 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37 Item 5. Other Information 38 Item 6. Exhibits 39 Signature 40 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 Corporate Blog (http://blogs.nvidia.com) NVIDIA Technical Blog (http://developer.nvidia.com/blog/) NVIDIA LinkedIn Page (http://www.linkedin.com/company/nvidia) NVIDIA Facebook Page (https://www.facebook.com/nvidia) NVIDIA Instagram Page (https://www.instagram.com/nvidia) NVIDIA X Account (https://x.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 Quarterly Report on Form 10-Q. These channels may be updated from time to time on NVIDIA's investor relations website. 2
Financial Information
Part I. Financial Information
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) NVIDIA Corporation and Subsidiaries Condensed Consolidated Statements of Income (In millions, except per share data) (Unaudited) Three Months Ended Apr 28, 2024 Apr 30, 2023 Revenue $ 26,044 $ 7,192 Cost of revenue 5,638 2,544 Gross profit 20,406 4,648 Operating expenses Research and development 2,720 1,875 Sales, general and administrative 777 633 Total operating expenses 3,497 2,508 Operating income 16,909 2,140 Interest income 359 150 Interest expense ( 64 ) ( 66 ) Other, net 75 ( 15 ) Other income (expense), net 370 69 Income before income tax 17,279 2,209 Income tax expense 2,398 166 Net income $ 14,881 $ 2,043 Net income per share: Basic $ 6.04 $ 0.83 Diluted $ 5.98 $ 0.82 Weighted average shares used in per share computation: Basic 2,462 2,470 Diluted 2,489 2,490 See accompanying Notes to Condensed Consolidated Financial Statements. 3 NVIDIA Corporation and Subsidiaries Condensed Consolidated Statements of Comprehensive Income (In millions) (Unaudited) Three Months Ended Apr 28, 2024 Apr 30, 2023 Net income $ 14,881 $ 2,043 Other comprehensive loss, net of tax Available-for-sale securities: Net change in unrealized gain (loss) ( 128 ) 17 Cash flow hedges: Net change in unrealized loss ( 4 ) ( 13 ) Reclassification adjustments for net realized loss included in net income ( 4 ) ( 11 ) Net change in unrealized loss ( 8 ) ( 24 ) Other comprehensive loss, net of tax ( 136 ) ( 7 ) Total comprehensive income $ 14,745 $ 2,036 See accompanying Notes to Condensed Consolidated Financial Statements. 4 NVIDIA Corporation and Subsidiaries Condensed Consolidated Balance Sheets (In millions) (Unaudited) Apr 28, 2024 Jan 28, 2024 Assets Current assets: Cash and cash equivalents $ 7,587 $ 7,280 Marketable securities 23,851 18,704 Accounts receivable, net 12,365 9,999 Inventories 5,864 5,282 Prepaid expenses and other current assets 4,062 3,080 Total current asse