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| NVIDIA CORPORATION | |||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | |||||||||
| (In millions, except per share data) | |||||||||
| (Unaudited) | |||||||||
| Three Months Ended | |||||||||
| April 28, | April 30, | ||||||||
| 2024 | 2023 | ||||||||
| Revenue | $ | 26,044 | $ | 7,192 | |||||
| Cost of revenue | 5,638 | 2,544 | |||||||
| Gross profit | 20,406 | 4,648 | |||||||
| Operating expenses | |||||||||
| Research and development | 2,720 | 1,875 | |||||||
| Sales, general and administrative | 777 | 633 | |||||||
| Total operating expenses | 3,497 | 2,508 | |||||||
| Operating Income | 16,909 | 2,140 | |||||||
| Interest income | 359 | 150 | |||||||
| Interest expense | (64 | ) | (66 | ) | |||||
| Other, net | 75 | (15 | ) | ||||||
| Other income (expense), net | 370 | 69 | |||||||
| Income before income tax | 17,279 | 2,209 | |||||||
| Income tax expense | 2,398 | 166 | |||||||
| Net income | $ | 14,881 | $ | 2,043 | |||||
| Net income per share: | |||||||||
| Basic | $ | 6.04 | $ | 0.83 | |||||
| Diluted | $ | 5.98 | $ | 0.82 | |||||
| Weighted average shares used in per share computation: | |||||||||
| Basic | 2,462 | 2,470 | |||||||
| Diluted | 2,489 | 2,490 | |||||||
