Nvidia — May 28, 2025 release

Three Months Ended April 27, 2025 GAAP gross profit $ 26,668  GAAP gross margin 60.5  % Stock-based compensation expense, acquisition-related costs, and other costs 190  H20 excess inventory and purchase obligation charges 4,538  Non-GAAP gross profit (as adjusted to exclude H20 excess inventory and purchase obligation charges) $ 31,396   Non-GAAP gross margin (as adjusted to exclude H20 excess inventory and purchase obligation charges) 71.3   % GAAP net income $ 18,775  Total pre-tax impact of non-GAAP adjustments and H20 excess inventory and purchase obligation charges 6,351  Income tax impact of non-GAAP adjustments and H20 excess inventory and purchase obligation charges (1,491) Non-GAAP net income (as adjusted to exclude H20 excess inventory and purchase obligation charges) $ 23,635   Diluted net income per share GAAP $ 0.76  Non-GAAP (as adjusted to exclude H20 excess inventory and purchase obligation charges) $ 0.96  Weighted average shares used in diluted net income per share computation 24,611   NVIDIA CORPORATION  RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK  Q2 FY2026 Outlook ($ in millions) GAAP gross margin 71.8  % Impact of stock-based compensation expense, acquisition-related costs, and other costs 0.2  % Non-GAAP gross margin 72.0   % GAAP operating expenses $ 5,700  Stock-based compensation expense, acquisition-related costs, and other costs (1,700) Non-GAAP operating expenses $ 4,000