Nvidia — Feb 26, 2025 release

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, and free cash flow. In order for NVIDIA’s investors to be better able to compare its current results with those of previous periods, the company has shown a reconciliation of GAAP to non-GAAP financial measures. These reconciliations