Investor Presentation

October 2023

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Except for the historical information contained herein, certain matters in this presentation including, but not limited to, statements as to: our financial position; our markets, market opportunity, demand and
growth drivers; the benefits, impact, performance, features and availability of our products and technologies; the benefits, impact, features and timing of our collaborations or partnerships; NVIDIA accelerated
computing being broadly recognized as the way to advance computing as Moore’s law ends; data centers making a platform shift from general purpose to accelerated computing; trillion dollars of installed global
data center infrastructure transitioning to accelerated computing; AI driving a platform shift in computing and enabling new, never-before-possible applications; broader enterprises driving the next wave of
computing, followed by autonomous machines and industrial digitalization; accelerated computing being needed to tackle the most impactful opportunities of our time; NVIDIA’s value to every stakeholder in the
ecosystem; the ROI of high compute performance; enterprise as the next big generative AI opportunity; NVIDIA’s expanding accelerated computing ecosystem; AI as the greatest technology force of our time; data
centers becoming AI factories; generative AI unlocking new opportunities; the next wave of AI being robotics and industrial digitalization; NVIDIA’s acceleration stacks and ecosystems helping to bring AI to the
world’s largest industries; NVIDIA’s AI expertise and scale helping to revolutionize businesses; generative AI being the most important computing platform of our generation; full-stack and data center scale
acceleration driving significant cost savings and workload scaling; our dividend program plan; and our Automotive design win pipeline and ramp expectations are forward-looking statements.

These forward-looking statements and any other forward-looking statements that go beyond historical facts that are made in this presentation are subject to risks and uncertainties that may cause actual results
to differ materially. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products;
the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our
partners' products; design, manufacturing or software defects; changes in consumer preferences and demands; changes in industry standards and interfaces; unexpected loss of performance of our products or
technologies when integrated into systems and other factors.

NVIDIA has based these forward-looking statements largely on its current expectations and projections about future events and trends that it believes may affect its financial condition, results of operations,
business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, and you should not rely
upon the forward-looking statements as predictions of future events. The future events and trends discussed in this presentation may not occur and actual results could differ materially and adversely from those
anticipated or implied in the forward-looking statements. Although NVIDIA believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee that future
results, levels of activity, performance, achievements or events and circumstances reflected in the forward-looking statements will occur. Except as required by law, NVIDIA disclaims any obligation to update these
forward-looking statements to reflect future events or circumstances. For a complete discussion of factors that could materially affect our financial results and operations, please refer to the reports we file from
time to time with the SEC, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Copies of reports we file with the SEC are posted on our
website and are available from NVIDIA without charge.

Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements within are not intended to be, and should not be interpreted as a
commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA.
NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.

NVIDIA uses certain non-GAAP measures in this presentation including non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, and free cash flow. NVIDIA
believes the presentation of its non-GAAP financial measures enhances investors' overall understanding of the company's historical financial performance. The presentation of the company's non-GAAP financial
measures is not meant to be considered in isolation or as a substitute for the company's financial results prepared in accordance with GAAP, and the company's non-GAAP measures may be different from non-
GAAP measures used by other companies. Further information relevant to the interpretation of non-GAAP financial measures, and reconciliations of these non-GAAP financial measures to the most comparable
GAAP measures, may be found in the slide titled “Reconciliation of Non-GAAP to GAAP Financial Measures”.

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Headquarters: Santa Clara, CA
NVIDIA pioneered accelerated computing to help solve impactful
challenges classical computers cannot. A quarter of a century in the
making, NVIDIA accelerated computing is broadly recognized as the
way to advance computing as Moore’s law ends and AI lifts off.

NVIDIA’s platform is installed in several hundred million computers,

is available in every cloud and from every server maker, powers 74%
of the TOP500 supercomputers, and boasts over 4 million developers.

3
 NVIDIA’s Accelerated Computing Platform
Full-stack innovation across silicon, systems and software

AI APPLICATION FRAMEWORK

With nearly three decades of a singular

focus, NVIDIA is expert at accelerating
software and scaling compute by a
Million-X, going well beyond Moore’s law.

PLATFORMS NVIDIA HPC NVIDIA AI NVIDIA Omniverse

Accelerated computing requires full-stack
innovation – optimizing across every layer
of computing – from silicon and systems to
software and algorithms, demanding deep
cuNumeric CV-CUDA cuQuantum Parabricks Sionna Jetpack understanding of the problem domain.
ACCELERATION
LIBRARIES RAPIDS Spark cuDNN cuGraph TensorRT Triton Deepstream Flare Our full-stack platforms – NVIDIA HPC,
NVIDIA AI, and NVIDIA Omniverse –
DOCA Mag IO Aerial accelerate high performance computing,
AI, and industrial digitalization workloads.
We accelerate workloads at data center
CLOUD-TO-EDGE
RTX DGX HGX EGX OVX
Super
AGX IGX
scale, across thousands of compute nodes,
POD
treating the network and storage as part of
DATACENTER-TO-
ROBOTIC SYSTEMS
the computing fabric.
Our platform extends from the cloud and
3-CHIPS enterprise data centers to supercomputing
centers, edge computing and PCs.
GPU CPU DPU

4
Why Accelerated Computing?
Advancing computing in the post-Moore’s Law era

109

Trillions of Operations per Second (TOPS)

108
Accelerated computing is needed to tackle the most
impactful opportunities of our time—like AI, climate 107 GPU-Computing perf
1000X
simulation, drug discovery, ray tracing, and robotics. 2X per year
In 10 years
106
NVIDIA is uniquely dedicated to accelerated computing
—working top-to-bottom—refactoring applications and 105
1.1X per year
creating new algorithms, and bottom-to-top—inventing
new specialized processors, like RT Core and Tensor Core. 104

103

1.5X perf per year

“It’s the end of Moore’s Law as we know it.” 102

- John Hennessy, Oct 2018

Single-threaded CPU perf
“Moore’s Law is dead.”
- Jensen Huang, GTC 2013 1980 1990 2000 2010 2020 2030

5 5
 Waves of Adoption of Accelerated Computing
A generational computing platform shift

A new computing era has begun.

Accelerated computing enabled the rise of AI,
Industrial Digitalization
which is driving a platform shift from general purpose
to accelerated computing, and enabling new,
never-before-possible applications.

Autonomous Vehicles The trillion dollars of installed global data center

& Robotics infrastructure will transition to accelerated computing
to achieve an order of magnitude better performance,
energy-efficiency and cost.
Hyperscale cloud service providers and consumer
Enterprise internet companies have been the early adopters of
AI and accelerated computing, with broader enterprise
adoption now under way.
AI and accelerated computing will also make possible
Cloud Service Providers the next big waves – autonomous machines and
& Consumer Internet industrial digitalization.

6
 NVIDIA Accelerated Computing for Every Wave

Industrial Digitalization NVIDIA Omniverse is a software platform for designing,

building, and operating 3D and virtual world simulations.
It harnesses the power of NVIDIA graphics and AI technologies
and runs on NVIDIA-powered data centers and workstations.
Autonomous Vehicles NVIDIA DRIVE is a full-stack platform for autonomous vehicles (AV) that
& Robotics includes hardware for in-car compute, such as the Orin system-on-chip,
and the full AV and AI cockpit software stack.

NVIDIA DGX Cloud is a cloud service that allows enterprises immediate access to
the infrastructure and software needed to train advanced models for generative AI
Enterprise and other groundbreaking applications.

NVIDIA AI Enterprise is the operating system of AI, with enterprise-grade security, stability,
manageability and support. It is available on all major CSPs and server OEMs and supports
enterprise deployment of AI in production.
Cloud Service Providers NVIDIA HGX is an AI supercomputing platform purpose-built for AI. It includes 8 NVIDIA GPUs, as well as
& Consumer Internet interconnect and networking technologies, delivering order-of-magnitude performance speed-ups for AI
over CPU servers. It is broadly available from all major server OEMs/ODMs. NVIDIA DGX, an AI server based
on the same architecture, along with NVIDIA AI software and support, is also available.

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 NVIDIA’s Accelerated Computing Ecosystem

CUDA
The NVIDIA accelerated computing platform has Developers
Downloads*
attracted the largest ecosystem of developers,
supporting a rapidly growing universe of
applications and industry innovation. 4M 45M
Developers can engage with NVIDIA through 1.8M 20M
CUDA – our parallel computing programming
model introduced in 2006 – or at higher layers 2020 2023 2020 2023
of the stack, including libraries, pre-trained AI *Cumulative

models, SDKs and other development tools.

AI Startups GPU-Accelerated
Applications
300 Libraries
400 AI Models 15K 3,200
700
6K
100 Updated in the Last Year
2020 2023 2020 2023

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 NVIDIA’s Multi-Sided Platform and Flywheel

The virtuous cycle of NVIDIA’s accelerated computing starts with

Scale an installed base of several hundred million GPUs, all compatible
with the CUDA programming model.
R&D $ • For developers – NVIDIA’s one architecture and large installed
Installed Base
base give developer’s software the best performance and
greatest reach
Speed-Up
• For end users – NVIDIA is offered by virtually every computing
provider and accelerates the most impactful applications from
cloud to edge
• For cloud providers and OEMs – NVIDIA’s rich suite of
Acceleration Platforms lets partners build one offering to
address large markets including media & entertainment,
healthcare, transportation, energy, financial services,
Developers Cloud & OEMs
manufacturing, retail, and more
• For NVIDIA – Deep engagement with developers, computing
providers, and customers in diverse industries enables
unmatched expertise, scale, and speed of innovation across
the entire accelerated computing stack – propelling the
flywheel
End-Users

NVIDIA Accelerated Computing

Virtuous Cycle

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 Huge ROI from AI Driving a Powerful New Investment Cycle
AI can augment creativity and productivity by orders of magnitude across industries

Knowledge workers will use copilots based on large

language models to generate documents, answer
questions, or summarize missed meetings, emails
and chats – adding hours of productivity per week.
Copilots specialized for fields such as software
development, legal services or education can boost
Office AI Copilots Search & Social Media AI Content Creation
productivity by as much as 50%. Over 1B knowledge workers $700B in digital advertising annually 50M creators globally

Social media, search and e-commerce apps are

using deep recommenders to offer more relevant
content and ads to their customers, increasing
engagement and monetization.
Creators can generate stunning, photorealistic
images with a single text prompt – compressing
workflows that take days or weeks into minutes in Legal Services, Education … AI Software Development Financial Services
industries from advertising to game development. 1M legal professionals in the US 30M software developers globally 678B annual credit card transactions
9M educators in the US
Call center agents augmented with AI chatbots
can dramatically increase productivity and
customer satisfaction.
Drug discovery, financial services, agriculture and
food services and climate forecasting are seeing
order-of-magnitude workflow acceleration from AI.
Customer Service with AI Drug Discovery Agri-Food | Climate
15M call center agents globally 1018 molecules in chemical space 1B people in agri-food worldwide
40 exabytes of genome data Earth-2 for km-scale simulation

Source: Goldman Sachs, Cowen, Statista, Capital One, Wall Street Journal, Resource Watch, NVIDIA internal analysis 10
 Generative AI
The most important computing platform of our generation

The era of generative AI has arrived,

TEXT ANIMATION

unlocking new opportunities for AI across

AUDIO MOLECULE
many different applications.
IMAGE PROTEIN Generative AI is trained on large amounts
of data to find patterns and relationships,
3D DNA learning the representation of almost
anything with structure.
VIDEO VIDEO
It can then be prompted to generate text,
DNA 3D
images, video, code, or even proteins.
For the very first time, computers can
PROTEIN IMAGE augment the human ability to generate
information and create.
MOLECULE AUDIO
1,600+ Generative AI companies are
ANIMATION TEXT
building on NVIDIA.

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 Modern AI is a Data Center Scale Computing Workload
Data centers are becoming AI factories: Data as input, intelligence as output

Before Transformers = 8x / 2yrs Large Language Models, based on the Transformer architecture,
Transformers = 215x / 2yrs are one of today’s most important advanced AI technologies,
1010
involving up to trillions of parameters that learn from text.
PaLM
109 MT NLG 530B
Chinchilla
Developing them is an expensive, time-consuming process that
GPT-3 BLOOM
demands deep technical expertise, distributed data center-scale
108 infrastructure, and a full-stack accelerated computing approach.
Microsoft T-NLG
Training Compute (petaFLOPs)

GPT-2
107 Megatron-NLG

XLNet Wav2Vec 2.0

106 MoCo ResNet50
Xception
BERT Large
105 InceptionV3
GPT-1

Seq2Seq Resnet Transformer

104 ResNeXt
VGG-19
DenseNet201 ELMo

103
AlexNet

102
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

AI Training Computational Requirements Fueling Giant-Scale AI Infrastructure

NVIDIA compute & networking GPU | DPU | CPU

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 Full-Stack & Data Center Scale Acceleration
Drive significant cost savings and workload scaling

Classical Computing — 960 CPU-only servers Accelerated Computing — 2 GPU servers

Application
Application
Re-Engineered for Acceleration

CPU server racks CUDA-X Acceleration Libraries

Magnum IO

25X lower cost

84X better energy-efficiency

LLM Workload: Bert-Large Training and Inference | CPU Server: Dual-EYPC 7763 | GPU Server: Dual-EPYC 7763 + 8X H100 PCIe GPUs

13
 The High ROI of High Compute Performance

4-Year Rental Opportunity

@$4 per GPU-HR
~$2.5B
Rental

4-Year Cost of AI Infrastructure

~$1B
16K GPU
Cost

DC Facility Build
& Operate GPU Compute

25%
Performance
15% Utilization Increase Worth
Increase Worth $600M+
Networking $350M+

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 NVIDIA Go-to-Market Across Cloud and On-Premises
Reaching customers everywhere

CLOUD ON-PREM

DGX Cloud

NVIDIA AI Foundations DGX

PARTNERS

HGX INFERENCE MGX AGX IGX

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 Training & Inference — One Architecture
Cloud | On-Prem | Edge

TRAINING INFERENCE

NVIDIA DGX | HGX H100 IN THE DATA CENTER AT THE EDGE

NVIDIA L40S
NVIDIA L40
Image Generation IGX
Industrial-Grade System
for Healthcare, Logistics,
NVIDIA L4 Manufacturing
AI Video

NVIDIA H100 | L40S

Universal GPUs AGX
Functionally-Safe System
NVIDIA Grace Hopper for Autonomous Vehicles
RecSys, Gen AI

16
 NVIDIA AI Enterprise
Enterprise is the Next Big Generative AI Opportunity

NVIDIA DGX Cloud

AI
Playground

NVIDIA
Enterprise On-Prem AI Chatbot
AI Cloud AI
NVIDIA “RAG”
Foundations APIs
AI
Enterprise

LLM Model
Enterprise SaaS
Container
& AI Platforms
DGX Cloud
Vector DB

Enterprise AI Chatbots are built as Retrieval Augmented Generation (RAG) workflows, which augment the knowledge in the
LLM with vectorized Enterprise data. These Chatbots serve as apprentices, improving the productivity of every employee in
every Enterprise company.

NVIDIA delivers this capability to Enterprises by packaging LLMs with NVIDIA AI Enterprise, the runtime for hosting the
LLMs, into containers that can be deployed anywhere – on any cloud, on premises, or within Enterprise SaaS applications.
17
 NVIDIA DGX Cloud
AI-training-as-a-service platform for the era of generative AI

NVIDIA AI FOUNDATIONS
NeMo | Picasso NVIDIA DGX Cloud is a cloud service that allows enterprises
immediate access to the infrastructure and software needed
to train advanced models for generative AI and other
groundbreaking applications.
DGX Cloud provides dedicated clusters of NVIDIA DGX AI
supercomputing, paired with NVIDIA AI software.
Enterprise customers can also use the NVIDIA AI Foundations
DGX CLOUD model making service, which includes NVIDIA NeMo for training
custom LLMs and NVIDIA Picasso for custom generative AI
models for visual design.
The service is equipped with models, tools, and accelerated
computing for training, customizing, optimizing, and deploying AI.

18
 NVIDIA AI Enterprise
The operating system for enterprise AI

NVIDIA AI Enterprise Run Anywhere

NVIDIA AI Enterprise is software for deploying and running AI with

enterprise-grade security, API stability, manageability and support.

Cloud-native and available in every major cloud marketplace — AWS,

Microsoft Azure, Google Cloud Platform and Oracle Cloud.
NVIDIA AI Enterprise
Certified to run on servers and workstations from all major OEMs.

AI Use Cases and Workflows

Cloud

LLM Speech AI Recommenders Cybersecurity Azure | GCP | OCI | AWS NVIDIA Certified Server
Dell | HPE | Lenovo

… Consumption pricing
per GPU-hour
Subscription pricing
per GPU/year
Medical Video Route More (included with H100 PCIe/DGX)
Imaging Analytics Optimization

19
 NVIDIA AI Enterprise
Broad and deep ecosystem and distribution to reach every enterprise

GSI & Service Delivery

AI Platforms Software Platforms

Public Cloud Marketplaces Private Cloud

Server OEMs

20
 Driving Strong & Profitable Growth

Operating Income (Non-GAAP, $M) Operating Margin (Non-GAAP)

Revenue ($M) $15,000
$12,690
70%

$12,000 $10,828
60%
$26,914 $26,974 $9,040
$9,000 52%
$6,803 47% 50%
$6,000
$4,407 41%
$3,735
34% 40%
$20,699 $3,000
38%
34%
$0 30%
$16,675 FY19 FY20 FY21 FY22 FY23 1H FY24

Fiscal year ends in January. Refer to Appendix for reconciliation of Non-GAAP measures. Operating margins rounded to the nearest percent.

$11,716 1H FY21 1H FY24

$10,918

4 4 3 31
7 23
Gaming
Data Center
43
ProViz
Auto
OEM & Other
42
FY19 FY20 FY21 FY22 FY23 1H FY24 70

FY23 financial metrics reflect a $2.2B charge for inventory and related reserves primarily related to Data Center and Gaming.

21
 NVIDIA Gross Margins Reflect Value of Acceleration

Gross Profit (Non-GAAP, $M) Gross Margin (Non-GAAP)

Accelerated computing requires full-stack and data 80%

center-scale innovation across silicon, systems, $18,000

$17,969

algorithms and applications. $15,965

75%
$14,417
Significant expertise and effort are required, but
application speed-ups can be incredible, resulting $12,000
$10,947
70% 70%

in dramatic cost and time-to-solution savings. 67%

66%
For example, 2 NVIDIA HGX nodes with 16 NVIDIA H100 $7,233
$6,821
65%

GPUs that cost $400K can replace 960 nodes of CPU $6,000
servers that cost $10M for the same LLM workload. 63%
62% 60%

NVIDIA chips carry the value of the full-stack, 59%

not just the chip. $0 55%

FY19 FY20 FY21 FY22 FY23 1H FY24

Cost comparison example based on latest available NVIDIA A100 GPU and Intel CPU inference results in the commercially available category of FY23 financial metrics reflect a $2.2B charge for inventory and related reserves primarily related to Data Center and Gaming.
the MLPerf industry benchmark; includes related infrastructure costs such as networking. Fiscal year ends in January. Refer to Appendix for reconciliation of Non-GAAP measures. Gross margins are rounded to the nearest percent.

22
 Strong Cash Flow Generation

Free Cash Flow (Non-GAAP) Capital Allocation

$8.7B

$8.0B Share Repurchase

$10B repurchased in FY23
Additional $25B in stock repurchases authorized,
adding to $4B which remained as of end of Q2

$4.7B
$4.3B
$3.8B Dividend
$3.1B $398M in FY 2023
Plan to Maintain1

Strategic Investments
Growing Our Talent
FY19 FY20 FY21 FY22 FY23 1H FY24 Platform Reach & Ecosystem

Fiscal year ends in January. Refer to Appendix for reconciliation of Non-GAAP measures.
1 Subject to continuing determination by our Board of Directors.

23
 Our Market Platforms at a Glance

Data Center Gaming Professional Visualization Automotive

56% of FY23 revenue 33% of FY23 revenue 6% of FY23 revenue 3% of FY23 revenue

FY23 Revenue $15.0B FY23 Revenue $9.1B FY23 Revenue $1.5B FY23 Revenue $0.9B
5-yr CAGR 51% 5-yr CAGR 10% 5-yr CAGR 11% 5-yr CAGR 10%

DGX/HGX/MGX/IGX systems GeForce GPUs for PC gaming NVIDIA RTX GPUs DRIVE Hyperion sensor architecture
for workstations with AGX compute
GPU | CPU | DPU | Networking GeForce NOW cloud gaming
NVIDIA AI software Omniverse software DRIVE AV & IX full stack software
for ADAS, AV & AI cockpit

24
 Data Center
The leading computing platform for AI, HPC & graphics

Revenue ($M) Leader in AI & HPC

51% 5-YR CAGR $15,005 $14,607 #1 in AI training and inference
Through FY23
Used by all hyperscale & major cloud computing
providers and 40,000 enterprises
$10,613 Powers 74% of the TOP500 supercomputers

$6,696 Growth Drivers

Rapid AI adoption across industries
Full-stack AI | Software
$2,932 $2,983 Three chip strategy — GPU | CPU | DPU
Rising computation requirements for modern AI
Data-center scale innovation
FY19 FY20 FY21 FY22 FY23 1H FY24 Omniverse

25
 NVIDIA AI – One Architecture | Train and Deploy Everywhere
From Two-Year Rhythm
to
One-Year Rhythm | Training & Inference | x86 & Arm | Hyperscale & Enterprise

2021 2023 2024 2025

GH200NVL GB200NVL GX200NVL Arm Training & Inference

GH200 GB200 GX200 Arm Inference

A100 H100 H200 B100 X100 X86 Training & Inference

L4OS B40 X40 X86 Enterprise & Inference

Quantum 400G 800G 1,600G InfiniBand AI Infrastructure

Spectrum-X 400G 800G 1,600G Ethernet Enterprise &

Hyperscale AI Infrastructure

26
 NVIDIA Grace Hopper Superchip

NVIDIA BlueField-3

NVIDIA GH200
72-Core Grace CPU
500 GB LPDDR5X
4 PFLOPS Hopper GPU
141 GB/5 Tbps HBM3e

27
 Addressing the Entire Data Center
$1T+ data center infrastructure installed base

$250B

Other Data Center

Infrastructure

Network
Infrastructure

Servers

NVIDIA
Data Center
Revenue

Server CPU
$0B
FY20 FY21 FY22 FY23 Q2 FY24
Annualized

Source: Mercury Research, Dell’Oro

Assumes NVIDIA Fiscal Year aligns to Calendar Year (e.g. FY23 = CY22) 28
 Gaming
GeForce — the world’s largest gaming platform

Revenue ($M) Leader in PC Gaming

10% 5-YR CAGR
$12,462
Strong #1 market position
Through FY23
15 of the top 15 most popular GPUs on Steam
Leading performance & innovation
$9,067 200M+ gamers on GeForce
$7,759

$6,246
$5,518
$4,726
Growth Drivers
Rising adoption of NVIDIA RTX in games
Expanding universe of gamers & creators
Gaming laptops & Gen AI on PCs
GeForce NOW Cloud gaming
FY19 FY20 FY21 FY22 FY23 1H FY24

29
 GeForce Extends Growth, Large Upgrade Opportunity

GeForce Gaming Revenue Installed Base $699+ Cumulative Sell-Through $

NVIDIA
20% CAGR 47% RTX RTX Ada

NVIDIA
3YR CAGR Ampere
ASP 10%
Units 9%
3060+ NVIDIA
20% RTX3060+ Turing
Performance

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
FY20 FY23
Weeks After Launch

More Gamers, Richer Mix Installed Base Needs Upgrade Ada: 3X Turing Ramp at $699+

Source: NVIDIA estimates 30

 Professional Visualization
Workstation graphics

Revenue ($M) Leader in Workstation Graphics

11% 5-YR CAGR 95%+ market share in graphics
Through FY23 $2,111 for workstations
45M Designers and Creators
Strong software ecosystem with over 100 RTX
$1,544 accelerated and supported applications

$1,212
$1,130
$1,053

$674
Growth Drivers
Ray Tracing and generative AI revolutionizing design and
content creation
Expanding universe of designers and creators
Collaborative 3D design / Omniverse
FY19 FY20 FY21 FY22 FY23 1H FY24 Hybrid work environments

31
 Automotive
Autonomous Vehicles (AV) & AI Cockpit

Revenue ($M) Leader in Autonomous Driving

10% 5-YR CAGR Revenue growth primarily fueled by NVIDIA DRIVE, our AV and AI
Through FY23 cockpit platform with full software stack
Inflection in FY23 driven by AV as DRIVE Orin SoC began to ramp
Next-generation DRIVE Thor SoC to ramp in FY26

$903

$700
$641
$566 $549
Growth Drivers
$536
Adoption of centralized car computing and
software-defined vehicle architectures

AV software and services:

Mercedes Benz
FY19 FY20 FY21 FY22 FY23 1H FY24 Jaguar Land Rover

$14B Design Win Pipeline Through FY29

32
 $1 Trillion Long-Term Annual Market Opportunity

Omniverse Enterprise
$150B
Industrial Digitalization

Autonomous Vehicles Autonomous Machines

& Robotics $300B

Enterprise NVIDIA AI Enterprise & DGX Cloud

$150B

Gaming Data Center Systems

Cloud Service Providers &
Consumer Internet $100B $300B

33
 Summary

Gen AI is the tipping point for the new computing era

AI is the new software and Accelerated Computing the new hardware

Huge ROI from Gen AI – from new revenue or dramatically lower costs - is driving a powerful new investment cycle

NVIDIA’s accelerated computing platform delivers unmatched performance and TCO savings

Strong revenue, operating profit, and cash flow growth

$1T market opportunity

34
Reconciliation of Non-GAAP to
GAAP Financial Measures

35
 Reconciliation of Non-GAAP to GAAP Financial Measures

Gross Margin Acquisition-Related Stock-Based

($ in Millions & Non-GAAP and Other Costs Compensation IP-Related Costs GAAP
Margin Percentage) (A) (B)

$7,233 — (27) (35) $7,171

FY 2019
61.7% — (0.2) (0.3) 61.2%

$6,821 — (39) (14) $6,768

FY 2020
62.5% — (0.4) (0.1) 62.0%

$10,947 (425) (88) (38) $10,396

FY 2021
65.6% (2.6) (0.5) (0.2) 62.3%

$17,969 (344) (141) (9) $17,475

FY 2022
66.8% (1.4) (0.5) — 64.9%

$15,965 (455) (138) (16) $15,356

FY 2023
59.2% (1.7) (0.5) (0.1) 56.9%

$8,636 (214) (76) — $8,346

1H FY 2023
57.6% (1.4) (0.5) — 55.7%

$14,417 (239) (58) (10) $14,110

1H FY 2024
69.7% (1.2) (0.3) — 68.2%

A. Consists of amortization of intangible assets and inventory step-up

B. Stock-based compensation charge was allocated to cost of goods sold
36
 Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)

Operating Income Acquisition-Related Stock-Based

and Margin Acquisition Other
Non-GAAP and Other Costs Compensation IP-Related Costs GAAP
($ in Millions & Termination Cost (C)
(A) (B)
Margin Percentage)

$4,407 — (2) (557) (35) (9) $3,804

FY 2019
37.6% — — (4.7) (0.3) (0.1) 32.5%

$3,735 — (31) (844) (14) — $2,846

FY 2020
34.2% — (0.3) (7.7) (0.1) — 26.1%

$6,803 — (836) (1,397) (38) — $4,532

FY 2021
40.8% — (5.0) (8.4) (0.2) — 27.2%

$12,690 — (636) (2,004) (9) — $10,041

FY 2022
47.2% — (2.5) (7.4) — — 37.3%

$9,040 (1,353) (674) (2,710) (16) (63) $4,224

FY 2023
33.5% (5.0) (2.5) (10.0) (0.1) (0.2) 15.7%

$5,280 (1,353) (324) (1,227) — (9) $2,367

1H FY 2023
35.2% (9.0) (2.2) (8.2) — — 15.8%

$10,828 — (311) (1,576) (10) 10 $8,941

1H FY 2024
52.3% — (1.5) (7.6) — — 43.2%

A. Consists of amortization of acquisition-related intangible assets, inventory step-up, transaction costs, compensation charges, and other costs
B. Stock-based compensation charge was allocated to cost of goods sold, research and development expense, and sales, general and administrative expense
C. Comprises of legal settlement costs, contributions, restructuring costs and assets held for sale related adjustments 37
 Reconciliation of Non-GAAP to GAAP Financial Measures

Purchases Related to Property Principal Payments Net Cash

($ in Millions) Free Cash Flow and Equipment on Property Provided by
and Intangible Assets and Equipment and Intangible Assets Operating Activities

FY 2019 $3,143 600 — $3,743

FY 2020 $4,272 489 — $4,761

FY 2021 $4,677 1,128 17 $5,822

FY 2022 $8,049 976 83 $9,108

FY 2023 $3,750 1,833 58 $5,641

1H FY 2023 $2,171 794 36 $3,001

1H FY 2024 $8,691 537 31 $9,259

38
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