NVIDIA CORPORATION RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) (Unaudited) Three Months Ended Six Months Ended July 27, April 27, July 28, July 27, July 28, 2025 2025 2024 2025 2024 GAAP cost of revenue $ 12,890 $ 17,394 $ 7,466 $ 30,284 $ 13,105 GAAP gross profit $ 33,853 $ 26,668 $ 22,574 $ 60,521 $ 42,979 GAAP gross margin 72.4 % 60.5 % 75.1 % 66.6 % 76.6 % Acquisition-related and other costs (A) 49 123 118 170 238 Stock-based compensation expense (B) 58 64 40 123 75 Other — 3 (3) 4 (4) Non-GAAP cost of revenue $ 12,783 $ 17,204 $ 7,311 $ 29,987 $ 12,796 Non-GAAP gross profit $ 33,960 $ 26,858 $ 22,729 $ 60,818 $ 43,288 Non-GAAP gross margin 72.7 % 61.0 % 75.7 % 67.0 % 77.2 % H20 related charges/(releases), net (180) 4,538 4,358 Non-GAAP gross profit, as adjusted to exclude H20 related charges/releases, net $ 33,780 $ 31,396 $ 65,176 Non-GAAP gross margin, as adjusted to exclude H20 related charges/releases, net 72.3 % 71.3 % 71.8 % GAAP operating expenses $ 5,413 $ 5,030 $ 3,932 $ 10,443 $ 7,428 Stock-based compensation expense (B) (1,566) (1,410) (1,114) (2,976) (2,089) Acquisition-related and other costs (A) (37) (37) (26) (74) (48) Other (15) — — (15) — Non-GAAP operating expenses $ 3,795 $ 3,583 $ 2,792 $ 7,378 $ 5,291 GAAP operating income $ 28,440 $ 21,638 $ 18,642 $ 50,078 $ 35,551 Total impact of non-GAAP adjustments to operating income 1,725 1,637 1,295 3,362 2,446 Non-GAAP operating income $ 30,165 $ 23,275 $ 19,937 $ 53,440 $ 37,997 GAAP total other income (expense), net $ 2,766 $ 272 $ 572 $ 3,039 $ 942 (Gains) losses from non-marketable equity securities and publicly-held equity securities, net (2,247) 175 (193) (2,073) (264) Interest expense related to amortization of debt discount 1 1 1 2 2 Non-GAAP total other income (expense), net $ 520 $ 448 $ 380 $ 968 $ 680 GAAP net income $ 26,422 $ 18,775 $ 16,599 $ 45,197 $ 31,480 Total pre-tax impact of non-GAAP adjustments (521) 1,813 1,103 1,291 2,184 Income tax impact of non-GAAP adjustments (C) (166) (694) (750) (859) (1,475) Tax expense from OBBBA* 48 — — 48 — Non-GAAP net income $ 25,783 $ 19,894 $ 16,952 $ 45,677 $ 32,189 Total pre-tax impact of H20 related charges/(releases), net (180) 4,538 4,358 Income tax impact of H20 related charges/releases, net (8) (797) (805) Non-GAAP net income, as adjusted to exclude H20 related charges/releases, net $ 25,595 $ 23,635 $ 49,230 Diluted net income per share GAAP $ 1.08 $ 0.76 $ 0.67 $ 1.84 $ 1.27 Non-GAAP $ 1.05 $ 0.81 $ 0.68 $ 1.86 $ 1.29 Non-GAAP, as adjusted to exclude H20 related charges/releases, net $ 1.04 $ 0.96 $ 2.00 Weighted average shares used in diluted net income per share computation 24,532 24,611 24,848 24,571 24,869 GAAP net cash provided by operating activities $ 15,365 $ 27,414 $ 14,489 $ 42,779 $ 29,833 Purchases related to property and equipment and intangible assets (1,894) (1,227) (977) (3,122) (1,346) Principal payments on property and equipment and intangible assets (21) (52) (29) (73) (69) Free cash flow $ 13,450 $ 26,135 $ 13,483 $ 39,584 $ 28,418 *Tax expense included represents impact from OBBBA (One Big Beautiful Bill Act) (A) Acquisition-related and other costs are comprised of amortization of intangible assets, transaction costs, and certain compensation charges and are included in the following line items: Three Months Ended Six Months Ended July 27, April 27, July 28, July 27, July 28, 2025 2025 2024 2025 2024 Cost of revenue $ 49 $ 123 $ 118 $ 170 $ 238 Research and development $ 29 $ 28 $ 17 $ 57 $ 30 Sales, general and administrative $ 8 $ 9 $ 9 $ 17 $ 18 (B) Stock-based compensation consists of the following: Three Months Ended Six Months Ended July 27, April 27, July 28, July 27, July 28, 2025 2025 2024 2025 2024 Cost of revenue $ 58 $ 64 $ 40 $ 123 $ 75 Research and development $ 1,191 $ 1,063 $ 832 $ 2,254 $ 1,559 Sales, general and administrative $ 375 $ 347 $ 282 $ 722 $ 530 (C) Income tax impact of non-GAAP adjustments, including the recognition of excess tax benefits or deficiencies related to stock-based compensation under GAAP accounting standard (ASU 2016-09). NVIDIA CORPORATION RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK Q3 FY2026 Outlook ($ in millions) GAAP gross margin 73.3 % Impact of stock-based compensation expense, acquisition-related costs, and other costs 0.2 % Non-GAAP gross margin 73.5 % GAAP operating expenses $ 5,900 Stock-based compensation expense, acquisition-related costs, and other costs (1,700) Non-GAAP operating expenses $ 4,200

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.