NVIDIA Files 10-Q for Q2 FY2025

TL;DR

NVIDIA's Q2 FY25 10-Q is in. Check financials.

AI Summary

NVIDIA Corporation filed its 10-Q for the period ending July 28, 2024, reporting on its financial performance. The filing details the company's financial position and results of operations for the second quarter of fiscal year 2025. Key financial data and disclosures relevant to investors are included.

Why It Matters

This filing provides crucial financial details for NVIDIA, allowing investors and analysts to assess the company's performance and make informed decisions.

Risk Assessment

Risk Level: medium — As a publicly traded company, NVIDIA faces inherent market, operational, and regulatory risks detailed in its SEC filings.

Key Numbers

• 2024-07-28 — Period End Date (Fiscal second quarter end date)
• 2024-08-28 — Filing Date (Date the report was submitted to the SEC)

Key Players & Entities

• NVIDIA CORP (company) — Filer
• 20240728 (date) — Period of Report
• 20240828 (date) — Filing Date
• 0001045810 (company) — Central Index Key
• 3674 (industry_code) — Standard Industrial Classification (Semiconductors)

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value per share NVDA The Nasdaq Glo

Filing Documents

• nvda-20240728.htm (10-Q) — 1427KB
• nvidia-eiparjune2024xex101.htm (EX-10.1) — 225KB
• nvidia-espparjune2024xex10.htm (EX-10.2) — 106KB
• nvda2025q2ex311.htm (EX-31.1) — 8KB
• nvda2025q2ex312.htm (EX-31.2) — 8KB
• nvda2025q2ex321.htm (EX-32.1) — 5KB
• nvda2025q2ex322.htm (EX-32.2) — 5KB
• nvda-20240728_g1.jpg (GRAPHIC) — 7KB
• 0001045810-24-000264.txt ( ) — 8665KB
• nvda-20240728.xsd (EX-101.SCH) — 55KB
• nvda-20240728_cal.xml (EX-101.CAL) — 105KB
• nvda-20240728_def.xml (EX-101.DEF) — 231KB
• nvda-20240728_lab.xml (EX-101.LAB) — 679KB
• nvda-20240728_pre.xml (EX-101.PRE) — 477KB
• nvda-20240728_htm.xml (XML) — 1361KB

: Financial Information

Part I : Financial Information Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) a) Condensed Consolidated Statements of Income for the three and six months ended July 28, 2024 and July 30, 2023 3 b) Condensed Consolidated Statements of Comprehensive Income for the three and six months ended July 28, 2024 and July 30, 2023 4 c) Condensed Consolidated Balance Sheets as of July 28, 2024 and January 28, 2024 5 d) Condensed Consolidated Statements of Shareholders' Equity for the three and six months ended July 28, 2024 and July 30, 2023 6 e) Condensed Consolidated Statements of Cash Flows for the six months ended July 28, 2024 and July 30, 2023 8 f) Notes to Condensed Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations 24

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures About Market Risk 33

Quantitative and Qualitative Disclosures About Market Risk 33 Item 4.

Controls and Procedures 33

Controls and Procedures 33

: Other Information

Part II : Other Information Item 1. Legal Proceedings 34 Item 1A. Risk Factors 34 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40 Item 5. Other Information 40 Item 6. Exhibits 41 Signature 42 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 Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 Revenue $ 30,040 $ 13,507 $ 56,084 $ 20,699 Cost of revenue 7,466 4,045 13,105 6,589 Gross profit 22,574 9,462 42,979 14,110 Operating expenses Research and development 3,090 2,040 5,810 3,916 Sales, general and administrative 842 622 1,618 1,253 Total operating expenses 3,932 2,662 7,428 5,169 Operating income 18,642 6,800 35,551 8,941 Interest income 444 187 803 338 Interest expense ( 61 ) ( 65 ) ( 125 ) ( 131 ) Other, net 189 59 264 42 Other income (expense), net 572 181 942 249 Income before income tax 19,214 6,981 36,493 9,190 Income tax expense 2,615 793 5,013 958 Net income $ 16,599 $ 6,188 $ 31,480 $ 8,232 Net income per share: Basic $ 0.68 $ 0.25 $ 1.28 $ 0.33 Diluted $ 0.67 $ 0.25 $ 1.27 $ 0.33 Weighted average shares used in per share computation: Basic 24,578 24,729 24,599 24,716 Diluted 24,848 24,994 24,869 24,948 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 Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 Net income $ 16,599 $ 6,188 $ 31,480 $ 8,232 Other comprehensive income (loss), net of tax Available-for-sale securities: Net change in unrealized gain (loss) 150 ( 11 ) 22 7 Cash flow hedges: Net change in unrealized gain 23 22 20 8 Reclassification adjustments for net realized loss included in net income ( 8 ) ( 12 ) ( 13 ) ( 23 ) Net change in unrealized gain (loss) 15 10 7 ( 15 ) Other comprehensive income (loss), net of tax 165 ( 1 ) 29 ( 8 ) Total comprehensive income $ 16,764 $ 6,187 $ 31,509 $ 8,224 See accompanying Notes to Condensed Consolidated Fi

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View this 10-Q filing on SEC EDGAR