NVIDIA Announces Financial Results for First Quarter Fiscal 2019

 

  NVIDIA CORPORATION  
  RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK  
   
 
     Q2 FY2019 Outlook  
   
GAAP gross margin 63.3%
 Impact of stock-based compensation expense 0.2%
Non-GAAP gross margin 63.5%
   
     Q2 FY2019 Outlook  
  (In millions)
   
GAAP operating expenses$  810 
 Stock-based compensation expense, acquisition-related costs, and other costs   (125)
Non-GAAP operating expenses$  685 
   


About NVIDIA
NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI — the next era of computing — with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world. More information at http://nvidianews.nvidia.com/.  

For further information, contact:

Simona Jankowski  Robert Sherbin
Investor Relations  Corporate Communications
NVIDIA Corporation    NVIDIA Corporation
Email Contact     Email Contact 


Certain statements in this press release including, but not limited to, statements as to: NVIDIA’s opportunities based on the growth of computing demand for AI;  NVIDIA’s GPU computing approach being ideal for filling a vacuum as traditional computing has slowed; NVIDIA’s invention of the Tensor Core GPU enhancing its strong position to power the AI era; NVIDIA’s intended capital return for fiscal 2019; NVIDIA’s next quarterly cash dividend; NVIDIA’s financial outlook for the second quarter of fiscal 2019; NVIDIA’s expected tax rates for the second quarter of fiscal 2019; our expectation to generate variability from excess tax benefits or deficiencies related to stock-based compensation; the benefits and impacts of advances in our deep learning platform including NVIDIA Tesla V100, NVIDIA NVSwitch, and NVIDIA DGX-2, the latest version of our TensorRT software and the expansion of NVIDIA in the inference market, our work with Kubernetes to facilitate enterprise inference deployment, Project Clara to revolutionize medical imaging, Arm integrating NVIDIA Deep Learning Accelerator and bringing inference to devices, and the offerings of the Isaac software development kit; and the benefits, impacts and performance of NVIDIA RTX, Quadro GV100 GPU making real-time ray tracing possible, and NVIDIA DRIVE Constellation server with DRIVE Sim software to safely test drive autonomous vehicles are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. 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 or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission, or SEC, including its Form 10-K for the fiscal year ended January 28, 2018. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

© 2018 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, Quadro, Tesla, NVIDIA DGX, NVIDIA DRIVE, NVIDIA DRIVE Constellation, NVIDIA DRIVE Sim, NVIDIA RTX, NVSwitch and TensorRT are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.

 

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