Nvidia — Feb 26, 2025 release

In fiscal 2025, we utilized cash of $34.5 billion towards shareholder returns, including $33.7 billion in share repurchases and $834 million in cash dividends. First Quarter of Fiscal 2026 Outlook Outlook for the first quarter of fiscal 2026 is as follows: • Revenue is expected to be $43.0 billion, plus or minus 2%. • GAAP and non-GAAP gross margins are expected to be 70.6% and 71.0%, respectively, plus or minus 50 basis points. • GAAP and non-GAAP operating expenses are expected to be approximately $5.2 billion and $3.6 billion, respectively. • GAAP and non-GAAP other income and expense are expected to be an income of approximately $400 million, excluding gains and losses from non-marketable and publicly-held equity securities. • GAAP and non-GAAP tax rates are expected to be 17.0%, plus or minus 1%, excluding any discrete items. ___________________________ For further information, contact: Stewart Stecker Mylene Mangalindan Investor Relations Corporate Communications NVIDIA Corporation NVIDIA Corporation sstecker@nvidia.com mmangalindan@nvidia.com Non-GAAP Measures To supplement NVIDIA’s condensed consolidated financial statements presented in accordance with GAAP, the company uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP other income (expense), net, non-GAAP net income, non-GAAP net income, or earnings, per diluted share, a