NVIDIA Announces Financial Results for First Quarter Fiscal 2022

NVIDIA Announces Financial Results for First Quarter Fiscal 2022

NVIDIA's Endeavor building in Santa Clara, Calif.

  • Record revenue of $5.66 billion, up 84 percent from a year earlier
  • Record Gaming revenue of $2.76 billion, up 106 percent from a year earlier
  • Record Data Center revenue of $2.05 billion, up 79 percent from a year earlier
     

NVIDIA (NASDAQ: NVDA) today reported record revenue for the first quarter ended May 2, 2021, of $5.66 billion, up 84 percent from a year earlier and up 13 percent from the previous quarter, with record revenue from the company’s Gaming, Data Center and Professional Visualization platforms.

GAAP earnings per diluted share for the quarter were a record $3.03, up 106 percent from a year ago and up 31 percent from the previous quarter. Non-GAAP earnings per diluted share were $3.66, up 103 percent from a year earlier and up 18 percent from the previous quarter.

“We had a fantastic quarter, with strong demand for our products driving record revenue,” said Jensen Huang, founder and CEO of NVIDIA.

“Our Data Center business continues to expand, as the world’s industries take up NVIDIA AI to process computer vision, conversational AI, natural language understanding and recommender systems. NVIDIA RTX has reinvented computer graphics and is driving upgrades across the gaming and design markets. Our partners are launching the largest-ever wave of NVIDIA-powered laptops. Across industries, the adoption of NVIDIA computing platforms is accelerating.

“Mellanox, one year in, has exceeded our expectations and transformed NVIDIA into a data-center-scale computing company. We continue to make headway with our planned acquisition of Arm, which will accelerate innovation and growth for the Arm ecosystem. From gaming, cloud computing, AI, robotics, self-driving cars, to genomics and computational biology, NVIDIA continues to do impactful work to invent a better future,” he said.

NVIDIA paid quarterly cash dividends of $99 million in the first quarter. It will pay its next quarterly cash dividend of $0.16 per share on July 1, 2021, to all shareholders of record on June 10, 2021.

On May 21, 2021, the company’s board of directors declared a four-for-one split of NVIDIA’s common stock payable in the form of a stock dividend, with the additional shares expected to be distributed on July 19, 2021. The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders on June 3, 2021, to increase the number of authorized shares of common stock from 2 billion to 4 billion.

Q1 Fiscal 2022 Summary

GAAP
($ in millions, except earnings per share) Q1 FY22 Q4 FY21 Q1 FY21 Q/Q Y/Y
Revenue $5,661 $5,003 $3,080 Up 13% Up 84%
Gross margin 64.1% 63.1% 65.1% Up 100 bps Down 100 bps
Operating expenses $1,673 $1,650 $1,028 Up 1% Up 63%
Operating income $1,956 $1,507 $976 Up 30% Up 100%
Net income $1,912 $1,457 $917 Up 31% Up 109%
Diluted earnings per share $3.03 $2.31 $1.47 Up 31% Up 106%

 

Non-GAAP
($ in millions, except earnings per share) Q1 FY22 Q4 FY21 Q1 FY21 Q/Q Y/Y
Revenue $5,661 $5,003 $3,080 Up 13% Up 84%
Gross margin 66.2% 65.5% 65.8% Up 70 bps Up 40 bps
Operating expenses $1,189 $1,187 $821 -- Up 45%
Operating income $2,557 $2,089 $1,205 Up 22% Up 112%
Net income $2,313 $1,957 $1,120 Up 18% Up 107%
Diluted earnings per share $3.66 $3.10 $1.80 Up 18% Up 103%

NVIDIA’s outlook for the second quarter of fiscal 2022 is as follows:

  • Revenue is expected to be $6.30 billion, plus or minus 2 percent.
  • GAAP and non-GAAP gross margins are expected to be 64.6 percent and 66.5 percent, respectively, plus or minus 50 basis points.
  • GAAP and non-GAAP operating expenses are expected to be approximately $1.76 billion and $1.26 billion, respectively.
  • GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $50 million.
  • GAAP and non-GAAP tax rates are both expected to be 10 percent, plus or minus 1 percent, excluding any discrete items. GAAP discrete items include excess tax benefits or deficiencies related to stock-based compensation, which are expected to generate variability on a quarter-by-quarter basis.

Highlights

NVIDIA achieved progress since its previous earnings announcement in these areas:

Gaming

Data Center

  • First-quarter revenue was a record $2.05 billion, up 79 percent from a year earlier and up 8 percent from the previous quarter.
  • Hosted its largest-ever GPU Technology Conference, virtually, with more than 200,000 registrations from 195 countries, and an opening keynote with over 14 million views.
  • Unveiled NVIDIA Grace™, its first Arm-based data center CPU, designed for giant-scale AI and high performance computing, which will deliver 10x the performance of today’s fastest servers and power the world’s most powerful AI-capable supercomputer at the Swiss National Supercomputing Centre.
  • Collaborated with Amazon Web Services to deploy NVIDIA GPU inferencing through GPU-accelerated, AWS Graviton2-based Amazon EC2 instances, enabling GPU-accelerated games to run natively on AWS and allowing greater performance for Arm-based workloads.
  • Unveiled the NVIDIA® BlueField-3® DPU, the first data processing unit built for AI and accelerated computing, with support from VMware, Splunk, NetApp, Cloudflare and others.
  • Announced the new NVIDIA DGX SuperPOD™, the first cloud-native, multi-tenant supercomputer, with customers in conversational AI, drug discovery, autonomous vehicles and more.
  • Announced that its AI inference platform, expanded with NVIDIA A30 and A10 GPUs for mainstream servers, set records across every category in the latest release of the MLPerf benchmark for AI performance across a range of workloads.
  • Announced the NVIDIA AI Enterprise software suite for VMware vSphere, enabling scale-out, multi-node performance and compatibility for a range of applications and data science.
  • Introduced the NVIDIA Morpheus AI application framework to enable cybersecurity providers to instantly detect cyber breaches using AI and NVIDIA BlueField DPUs.
  • Announced availability of NVIDIA Jarvis, a framework for interactive conversational AI, and NVIDIA Maxine™, a framework for real-time video-based experiences.
  • Unveiled NVIDIA TAO, a framework for accelerating the creation of enterprise AI applications.
  • Expanded its work supporting drug development and discovery with NVIDIA Clara Discovery, announcing a partnership with Schrödinger to support the pharmaceutical industry with AI software to speed drug-discovery workflows.

Professional Visualization

  • First-quarter revenue was a record $372 million, up 21 percent both from a year earlier and the previous quarter.
  • Launched NVIDIA Omniverse™ Enterprise software for real-time 3D design and collaboration, with BMW Group, Foster + Partners and WPP as early customers.
  • Unveiled NVIDIA RTX™ GPUs for next-gen laptop and desktop workstations, including the NVIDIA RTX A4000 and A5000 for desktops and the A2000, A3000, A4000 and A5000 for laptops.
  • Revealed GANverse3D, an AI model for creating 3D object models from standard 2D images.

Automotive

CFO Commentary
Commentary on the quarter by Colette Kress, NVIDIA’s executive vice president and chief financial officer, is available at https://investor.nvidia.com/.

Conference Call and Webcast Information
NVIDIA will conduct a conference call with analysts and investors to discuss its first quarter financial results and current financial prospects today at 2 p.m. Pacific time (5 p.m. Eastern time). A live webcast (listen-only mode) of the conference call will be accessible at NVIDIA’s investor relations website, https://investor.nvidia.com. The webcast will be recorded and available for replay until NVIDIA’s conference call to discuss its financial results for its second quarter of fiscal 2022.

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 income from operations, non-GAAP other income (expense), net, non-GAAP net income, non-GAAP net income, or earnings, per diluted share, and free cash flow. 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 adjust the related GAAP financial measures to exclude stock-based compensation expense, acquisition-related and other costs, IP-related costs, gains and losses from non-affiliated investments, mark to market adjustments of our publicly traded equity securities, interest expense related to amortization of debt discount, and the associated tax impact of these items, where applicable. Free cash flow is calculated as GAAP net cash provided by operating activities less both purchases of property and equipment and intangible assets and principal payments on property and equipment and intangible assets. NVIDIA believes the presentation of its non-GAAP financial measures enhances the user’s overall understanding of the company’s historical financial performance. The presentation of the company’s non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company’s financial results prepared in accordance with GAAP, and the company’s non-GAAP measures may be different from non-GAAP measures used by other companies. 

NVIDIA CORPORATION
 CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
(Unaudited)
           
           
      Three Months Ended
      May 2,   April 26,
        2021       2020  
           
Revenue $ 5,661     $ 3,080  
Cost of revenue   2,032       1,076  
Gross profit   3,629       2,004  
Operating expenses      
  Research and development   1,153       735  
  Sales, general and administrative   520       293  
    Total operating expenses   1,673       1,028  
Income from operations   1,956       976  
  Interest income   6       31  
  Interest expense   (53 )     (25 )
  Other, net   135       (1 )
    Other income (expense), net   88       5  
Income before income tax   2,044       981  
Income tax expense   132       64  
Net income $ 1,912     $ 917  
           
Net income per share:      
  Basic $ 3.08     $ 1.49  
  Diluted $ 3.03     $ 1.47  
           
Weighted average shares used in per share computation:    
  Basic   621       614  
  Diluted   632       622  
           

 

NVIDIA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
             
             
        May 2,   January 31,
          2021       2021  
ASSETS        
             
Current assets:        
  Cash, cash equivalents and marketable securities   $ 12,667     $ 11,561  
  Accounts receivable, net     3,024       2,429  
  Inventories     1,992       1,826  
  Prepaid expenses and other current assets     444       239  
    Total current assets     18,127       16,055  
             
Property and equipment, net     2,268       2,149  
Operating lease assets     727       707  
Goodwill     4,193       4,193  
Intangible assets, net     2,613       2,737  
Deferred income tax assets     778       806  
Other assets     2,090       2,144  
    Total assets   $ 30,796     $ 28,791  
             
LIABILITIES AND SHAREHOLDERS' EQUITY
             
Current liabilities:        
  Accounts payable   $ 1,218     $ 1,201  
  Accrued and other current liabilities     1,787       1,725  
  Short-term debt     999       999  
    Total current liabilities     4,004       3,925  
             
Long-term debt     5,964       5,964  
Long-term operating lease liabilities     640       634  
Other long-term liabilities     1,414       1,375  
    Total liabilities     12,022       11,898  
             
             
Shareholders' equity     18,774       16,893  
    Total liabilities and shareholders' equity   $ 30,796     $ 28,791  
             

 

NVIDIA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
           
           
      Three Months Ended
      May 2,   April 26,
        2021       2020  
           
Cash flows from operating activities:      
Net income $ 1,912     $ 917  
Adjustments to reconcile net income to net cash      
provided by operating activities:      
  Stock-based compensation expense   429       224  
  Depreciation and amortization   281       107  
  Deferred income taxes   24       16  
  (Gains) losses on investments in non affiliates, net   (133 )     3  
  Other   (3 )     1  
Changes in operating assets and liabilities, net of acquisitions:      
  Accounts receivable   (595 )     (249 )
  Inventories   (159 )     (151 )
  Prepaid expenses and other assets   2       (8 )
  Accounts payable   70       71  
  Accrued and other current liabilities   (1 )     (32 )
  Other long-term liabilities   47       10  
Net cash provided by operating activities   1,874       909  
Cash flows from investing activities:      
  Proceeds from maturities of marketable securities   3,140       -  
  Proceeds from sales of marketable securities   358       1  
  Purchases of marketable securities   (4,470 )     (861 )
  Purchases related to property and equipment and intangible assets     (298 )     (155 )
  Investments and other, net   (2 )     (6 )
  Acquisitions, net of cash acquired   -       (34 )
Net cash used in investing activities   (1,272 )     (1,055 )
Cash flows from financing activities:      
  Proceeds related to employee stock plans   126       88  
  Payments related to tax on restricted stock units   (477 )     (222 )
  Dividends paid   (99 )     (98 )
  Principal payments on property and equipment   (19 )     -  
  Other   (2 )     (3 )
  Issuance of debt, net of issuance costs   -       4,979  
Net cash provided by (used in) financing activities   (471 )     4,744  
Change in cash and cash equivalents   131       4,598  
Cash and cash equivalents at beginning of period   847       10,896  
Cash and cash equivalents at end of period $ 978     $ 15,494  
           


 

  NVIDIA CORPORATION
  RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
  (In millions, except per share data)
  (Unaudited)
                   
        Three Months Ended  
        May 2,   January 31,   April 26,  
          2021       2021       2020    
                   
  GAAP gross profit $ 3,629     $ 3,157     $ 2,004    
    GAAP gross margin   64.1 %     63.1 %     65.1 %  
    Acquisition-related and other costs (A)   87       92       1    
    Stock-based compensation expense (B)   25       26       21    
    IP-related costs     5       1       -    
  Non-GAAP gross profit $ 3,746     $ 3,276     $ 2,026    
    Non-GAAP gross margin   66.2 %     65.5 %     65.8 %  
                   
  GAAP operating expenses $ 1,673     $ 1,650     $ 1,028    
    Stock-based compensation expense (B)   (404 )     (391 )     (203 )  
    Acquisition-related and other costs (A)   (80 )     (72 )     (4 )  
  Non-GAAP operating expenses $ 1,189     $ 1,187     $ 821    
                   
  GAAP income from operations $ 1,956     $ 1,507     $ 976    
    Total impact of non-GAAP adjustments to income from operations   601       582       229    
  Non-GAAP income from operations $ 2,557     $ 2,089     $ 1,205    
                   
  GAAP other income (expense), net $ 88     $ (37 )   $ 5    
    (Gains) losses from non-affiliated investments   (134 )     (9 )     3    
    Interest expense related to amortization of debt discount   1       1       1    
  Non-GAAP other income (expense), net $ (45 )   $ (45 )   $ 9    
                   
  GAAP net income   $ 1,912     $ 1,457     $ 917    
    Total pre-tax impact of non-GAAP adjustments   468       574       232    
    Income tax impact of non-GAAP adjustments (C)   (67 )     (74 )     (29 )  
  Non-GAAP net income $ 2,313     $ 1,957     $ 1,120    
                   
  Diluted net income per share            
    GAAP   $ 3.03     $ 2.31     $ 1.47    
    Non-GAAP   $ 3.66     $ 3.10     $ 1.80    
                   
  Weighted average shares used in diluted net income per share computation   632       631       622    
                   
  GAAP net cash provided by operating activities $ 1,874     $ 2,067     $ 909    
    Purchases related to property and equipment and intangible assets   (298 )     (283 )     (155 )  
    Principal payments on property and equipment   (19 )     (17 )     -    
  Free cash flow   $ 1,557     $ 1,767     $ 754    
                   
   
                   
  (A) Acquisition-related and other costs primarily include amortization of intangible assets, transaction costs, and certain compensation charges presented as follows:
        Three Months Ended  
        May 2,   January 31,   April 26,  
          2021       2021       2020    
    Cost of revenue $ 87     $ 92     $ 1    
    Research and development $ 1     $ 2     $ 2    
    Sales, general and administrative $ 79     $ 70     $ 2    
                   
  (B) Stock-based compensation consists of the following:    
        Three Months Ended  
        May 2,   January 31,   April 26,  
          2021       2021       2020    
    Cost of revenue $ 25     $ 26     $ 21    
    Research and development $ 276     $ 266     $ 134    
    Sales, general and administrative $ 128     $ 125     $ 69    
                   
  (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
     
 
    Q2 FY2022 Outlook
    ($ in millions)
     
GAAP gross margin   64.6 %
  Impact of stock-based compensation expense, acquisition-related costs, and other costs   1.9 %
Non-GAAP gross margin   66.5 %
     
GAAP operating expenses $ 1,760  
  Stock-based compensation expense, acquisition-related costs, and other costs   (500 )
Non-GAAP operating expenses $ 1,260  
     


About NVIDIA
NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others. More information at https://nvidianews.nvidia.com/.

Certain statements in this press release including, but not limited to, statements as to: NVIDIA’s next quarterly cash dividend; the expected timing of our stock split; our stock split being conditioned on stockholder approval of our charter amendment; our data center business continuing to expand; the world’s industries taking up AI to process computer vision, conversational AI, natural language understanding, and recommender systems; NVIDIA RTX reinventing computer graphics and driving upgrades across the gaming and design markets; improving gamers’ access to GeForce GPUs by reducing the Ethereum hash rate on certain RTX graphics cards; our partners launching the largest-ever wave of NVIDIA-powered laptops; the acceleration of the adoption of NVIDIA computing platforms; NVIDIA’s financial outlook for the second quarter of fiscal 2022; NVIDIA’s expected tax rates for the second quarter of fiscal 2022; NVIDIA’s expectation to generate variability from excess tax benefits or deficiencies; expanding our footprint across the data center; our progress on the Arm acquisition, when it is expected to close and it creating new opportunities for the entire ecosystem; the benefits, performance and abilities of our products and technologies, including NVIDIA Grace, NVIDIA Clara Discovery and NVIDIA GeForce RTX 30 Series GPUs; the release and availability of certain of our products and technologies, including the NVIDIA BlueField-3 DPU, the DGX SuperPOD, a new class of NVIDIA-Certified Systems, NVIDIA AI Enterprise, the NVIDIA Morpheus AI application framework, the NVIDIA Jarvis framework, NVIDIA Maxine, NVIDIA TAO, NVIDIA Omniverse Enterprise and GANverse3D; collaborations with third parties, including Amazon and Schrödinger; our GPU series expansion; expanding our RTX 30 Series GPUs and their features; the games using NVIDIA Reflex and NVIDIA DLSS technology; GeForce NOW’s availability and the number of members that can access it; NVIDIA DRIVE powering a range of next-generation cars and self-driving trucks; expanding the NVIDIA DRIVE ecosystem; NVIDIA powering the Mercedes-Benz AI cockpit and the cars and timing for its debut; and NVIDIA’s pioneering work in accelerated computing and its impacts are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

© 2021 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, NVIDIA DGX SuperPOD, NVIDIA DRIVE, NVIDIA DRIVE AGX, NVIDIA DRIVE Atlan, NVIDIA DRIVE Hyperion, NVIDIA DRIVE Orin, NVIDIA Grace, NVIDIA Omniverse, NVIDIA RTX, BlueField, GeForce, GeForce NOW, GeForce RTX and Maxine are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.

About NVIDIA
NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others. More information at https://nvidianews.nvidia.com/.

Certain statements in this press release including, but not limited to, statements as to: NVIDIA’s next quarterly cash dividend; the expected timing of our stock split; our stock split being conditioned on stockholder approval of our charter amendment; our data center business continuing to expand; the world’s industries taking up AI to process computer vision, conversational AI, natural language understanding, and recommender systems; NVIDIA RTX reinventing computer graphics and driving upgrades across the gaming and design markets; improving gamers’ access to GeForce GPUs by reducing the Ethereum hash rate on certain RTX graphics cards; our partners launching the largest-ever wave of NVIDIA-powered laptops; the acceleration of the adoption of NVIDIA computing platforms; NVIDIA’s financial outlook for the second quarter of fiscal 2022; NVIDIA’s expected tax rates for the second quarter of fiscal 2022; NVIDIA’s expectation to generate variability from excess tax benefits or deficiencies; expanding our footprint across the data center; our progress on the Arm acquisition, when it is expected to close and it creating new opportunities for the entire ecosystem; the benefits, performance and abilities of our products and technologies, including NVIDIA Grace, NVIDIA Clara Discovery and NVIDIA GeForce RTX 30 Series GPUs; the release and availability of certain of our products and technologies, including the NVIDIA BlueField-3 DPU, the DGX SuperPOD, a new class of NVIDIA-Certified Systems, NVIDIA AI Enterprise, the NVIDIA Morpheus AI application framework, the NVIDIA Jarvis framework, NVIDIA Maxine, NVIDIA TAO, NVIDIA Omniverse Enterprise and GANverse3D; collaborations with third parties, including Amazon and Schrödinger; our GPU series expansion; expanding our RTX 30 Series GPUs and their features; the games using NVIDIA Reflex and NVIDIA DLSS technology; GeForce NOW’s availability and the number of members that can access it; NVIDIA DRIVE powering a range of next-generation cars and self-driving trucks; expanding the NVIDIA DRIVE ecosystem; NVIDIA powering the Mercedes-Benz AI cockpit and the cars and timing for its debut; and NVIDIA’s pioneering work in accelerated computing and its impacts are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

© 2021 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, NVIDIA DGX SuperPOD, NVIDIA DRIVE, NVIDIA DRIVE AGX, NVIDIA DRIVE Atlan, NVIDIA DRIVE Hyperion, NVIDIA DRIVE Orin, NVIDIA Grace, NVIDIA Omniverse, NVIDIA RTX, BlueField, GeForce, GeForce NOW, GeForce RTX and Maxine are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.

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