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| NVIDIA CORPORATION | |||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | |||||||||
| (In millions, except per share data) | |||||||||
| (Unaudited) | |||||||||
| Three Months Ended | |||||||||
| April 30, | May 1, | ||||||||
| 2023 | 2022 | ||||||||
| Revenue | $ | 7,192 | $ | 8,288 | |||||
| Cost of revenue | 2,544 | 2,857 | |||||||
| Gross profit | 4,648 | 5,431 | |||||||
| Operating expenses | |||||||||
| Research and development | 1,875 | 1,618 | |||||||
| Sales, general and administrative | 633 | 592 | |||||||
| Acquisition termination cost | - | 1,353 | |||||||
| Total operating expenses | 2,508 | 3,563 | |||||||
| Income from operations | 2,140 | 1,868 | |||||||
| Interest income | 150 | 18 | |||||||
| Interest expense | (66 | ) | (68 | ) | |||||
| Other, net | (15 | ) | (13 | ) | |||||
| Other income (expense), net | 69 | (63 | ) | ||||||
| Income before income tax | 2,209 | 1,805 | |||||||
| Income tax expense | 166 | 187 | |||||||
| Net income | $ | 2,043 | $ | 1,618 | |||||
| Net income per share: | |||||||||
| Basic | $ | 0.83 | $ | 0.65 | |||||
| Diluted | $ | 0.82 | $ | 0.64 | |||||
| Weighted average shares used in per share computation: | |||||||||
| Basic | 2,470 | 2,506 | |||||||
| Diluted | 2,490 | 2,537 | |||||||
