NVIDIA Announces Financial Results for Second Quarter Fiscal 2023

  • Quarterly revenue of $6.70 billion, up 3% from a year ago
  • Data Center revenue of $3.81 billion, up 61% from a year ago
  • Quarterly return to shareholders of $3.44 billion

NVIDIA today reported revenue for the second quarter ended July 31, 2022, of $6.70 billion, up 3% from a year ago and down 19% from the previous quarter.

GAAP earnings per diluted share for the quarter were $0.26, down 72% from a year ago and down 59% from the previous quarter. Non-GAAP earnings per diluted share were $0.51, down 51% from a year ago and down 63% from the previous quarter.

“We are navigating our supply chain transitions in a challenging macro environment and we will get through this,” said Jensen Huang, founder and CEO of NVIDIA.

“Accelerated computing and AI, the pioneering work of our company, are transforming industries. Automotive is becoming a tech industry and is on track to be our next billion-dollar business. Advances in AI are driving our Data Center business while accelerating breakthroughs in fields from drug discovery to climate science to robotics.

“I look forward to next month’s GTC conference, where we will share new advances in RTX, as well as breakthroughs in AI and the metaverse, the next evolution of the internet. Join us,” he said.

During the second quarter of fiscal 2023, NVIDIA returned to shareholders $3.44 billion in share repurchases and cash dividends, following a return of $2.10 billion in the first quarter. The company has $11.93 billion remaining under its share repurchase authorization through December 2023. NVIDIA plans to continue share repurchases this fiscal year.

NVIDIA will pay its next quarterly cash dividend of $0.04 per share on September 29, 2022, to all shareholders of record on September 8, 2022.

Q2 Fiscal 2023 Summary

GAAP
($ in millions, except earnings per share) Q2 FY23 Q1 FY23 Q2 FY22 Q/Q Y/Y
Revenue $6,704   $8,288   $6,507   Down 19% Up 3%
Gross margin   43.5%     65.5%     64.8%   Down 22.0 pts Down 21.3 pts
Operating expenses $2,416   $3,563   $1,771   Down 32% Up 36%
Operating income $499   $1,868   $2,444   Down 73% Down 80%
Net income $656   $1,618   $2,374   Down 59% Down 72%
Diluted earnings per share $0.26   $0.64   $0.94   Down 59% Down 72%

 

Non-GAAP
($ in millions, except earnings per share) Q2 FY23 Q1 FY23 Q2 FY22 Q/Q Y/Y
Revenue $6,704   $8,288   $6,507   Down 19% Up 3%
Gross margin   45.9%     67.1%     66.7%   Down 21.2 pts Down 20.8 pts
Operating expenses $1,749   $1,608   $1,266   Up 9% Up 38%
Operating income $1,325   $3,955   $3,071   Down 66% Down 57%
Net income $1,292   $3,443   $2,623   Down 62% Down 51%
Diluted earnings per share $0.51   $1.36   $1.04   Down 63% Down 51%

Outlook

NVIDIA’s outlook for the third quarter of fiscal 2023 is as follows:

  • Revenue is expected to be $5.90 billion, plus or minus 2%. Gaming and Professional Visualization revenue are expected to decline sequentially, as OEMs and channel partners reduce inventory levels to align with current levels of demand and prepare for NVIDIA’s new product generation. The company expects that decline to be partially offset by sequential growth in Data Center and Automotive.
  • GAAP and non-GAAP gross margins are expected to be 62.4% and 65.0%, respectively, plus or minus 50 basis points.
  • GAAP and non-GAAP operating expenses are expected to be approximately $2.59 billion and $1.82 billion, respectively.
  • GAAP and non-GAAP other income and expense are expected to be an expense of approximately $10 million, excluding gains and losses from non-affiliated investments.
  • GAAP and non-GAAP tax rates are expected to be 9.5%, plus or minus 1%, excluding any discrete items.

Highlights

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

Data Center

Gaming

  • Second-quarter revenue was $2.04 billion, down 33% from a year ago and down 44% from the previous quarter.
  • Added 30 RTX ON games and apps — including A Plague Tale: Requiem, Evil Dead: The Game and F1 22 — bringing the total available to 280+. 
  • Increased the number of GeForce® RTX™ and NVIDIA Studio™ laptops to a record 180+, including introduction of the fastest-ever laptops with GeForce RTX 3080 Ti, 2-in-1 convertible gaming laptops and a broad range of Studio laptops.
  • Expanded the GeForce NOW™ library with 80 additional games — including Genshin Impact, Evil Dead the Game, Mass Effect Legendary Edition and Loopmancer with RTX — bringing the total to over 1,350.

Professional Visualization

  • Second-quarter revenue was $496 million, down 4% from a year ago and down 20% from the previous quarter.
  • Expanded its partnership with Siemens to enable the industrial metaverse and increase use of AI-driven digital twin technology.
  • Announced Omniverse™ Avatar Cloud Engine, a suite of cloud-native AI models and services that make it easier to build and customize lifelike virtual assistants and digital humans.
  • Launched a broad initiative to evolve Universal Scene Description, the open-source and extensible language of 3D worlds, to become a foundation of the open metaverse.
  • Announced a major release of Omniverse with new frameworks, tools, apps and plugins, including 11 new connectors to the Omniverse USD ecosystem that bring the total to 112.
  • Co-founded the Metaverse Standards Forum to align with other members on the best ways to build the foundations of the metaverse.

Automotive

  • Second-quarter revenue was $220 million, up 45% from a year ago and up 59% from the previous quarter.
  • Announced rollout plans of new model vehicles using the DRIVE Orin™ compute platform by partners NIO, Li Auto, JIDU, and Human Horizons, as well as Pony.ai’s use of DRIVE Orin across its line of self-driving trucks and robotaxis.

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 second quarter fiscal 2023 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 third quarter of fiscal 2023.

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 acquisition termination costs, stock-based compensation expense, acquisition-related and other costs, contributions, IP-related costs, legal settlement costs, gains and losses from non-affiliated investments, interest expense related to amortization of debt discount, the associated tax impact of these items where applicable, domestication tax benefit, and foreign tax benefit. 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   Six Months Ended
      July 31,   August 1,   July 31,   August 1,
      2022   2021   2022   2021
                   
Revenue $ 6,704     $ 6,507     $ 14,992     $ 12,168  
Cost of revenue   3,789       2,292       6,646       4,324  
Gross profit   2,915       4,215       8,346       7,844  
Operating expenses              
  Research and development   1,824       1,245       3,443       2,398  
  Sales, general and administrative   592       526       1,183       1,046  
  Acquisition termination cost   -       -       1,353       -  
    Total operating expenses   2,416       1,771       5,979       3,444  
Income from operations   499       2,444       2,367       4,400  
  Interest income   46       6       64       13  
  Interest expense   (65 )     (60 )     (132 )     (113 )
  Other, net   (5 )     4       (19 )     138  
    Other income (expense), net   (24 )     (50 )     (87 )     38  
Income before income tax   475       2,394       2,280       4,438  
Income tax expense (benefit)   (181 )     20       6       153  
Net income $ 656     $ 2,374     $ 2,274     $ 4,285  
                   
Net income per share:              
  Basic $ 0.26     $ 0.95     $ 0.91     $ 1.72  
  Diluted $ 0.26     $ 0.94     $ 0.90     $ 1.69  
                   
Weighted average shares used in per share computation:            
  Basic   2,495       2,493       2,500       2,489  
  Diluted   2,516       2,532       2,526       2,529  

 

 
NVIDIA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
             
             
        July 31,   January 30,
        2022   2022
ASSETS        
             
Current assets:        
  Cash, cash equivalents and marketable securities   $ 17,037   $ 21,208
  Accounts receivable, net     5,317     4,650
  Inventories     3,889     2,605
  Prepaid expenses and other current assets     1,175     366
    Total current assets     27,418     28,829
             
Property and equipment, net     3,233     2,778
Operating lease assets     852     829
Goodwill     4,372     4,349
Intangible assets, net     2,036     2,339
Deferred income tax assets     2,225     1,222
Other assets     3,340     3,841
    Total assets   $ 43,476   $ 44,187
             
LIABILITIES AND SHAREHOLDERS' EQUITY
             
Current liabilities:        
  Accounts payable   $ 2,421   $ 1,783
  Accrued and other current liabilities     3,903     2,552
  Short-term debt     1,249     -
    Total current liabilities     7,573     4,335
             
Long-term debt     9,700     10,946
Long-term operating lease liabilities     743     741
Other long-term liabilities     1,609     1,553
    Total liabilities     19,625     17,575
             
Shareholders' equity     23,851     26,612
    Total liabilities and shareholders' equity   $ 43,476   $ 44,187

 

 
NVIDIA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
                 
                 
    Three Months Ended   Six Months Ended
    July 31,   August 1,   July 31,   August 1,
    2022   2021   2022   2021
                 
Cash flows from operating activities:              
Net income $ 656     $ 2,374     $ 2,274     $ 4,285  
Adjustments to reconcile net income to net cash              
provided by operating activities:              
  Stock-based compensation expense   648       465       1,226       894  
  Depreciation and amortization   378       286       712       567  
  Losses (gains) on investments in non affiliates, net   7       1       24       (133 )
  Deferred income taxes   (443 )     (185 )     (985 )     (161 )
  Acquisition termination cost   -       -       1,353       -  
  Other   (5 )     18       18       16  
Changes in operating assets and liabilities, net of acquisitions:              
  Accounts receivable   120       (563 )     (668 )     (1,157 )
  Inventories   (725 )     (123 )     (1,285 )     (282 )
  Prepaid expenses and other assets   (293 )     16       (1,554 )     18  
  Accounts payable   304       209       559       245  
  Accrued and other current liabilities   633       133       1,267       166  
  Other long-term liabilities   (10 )     51       60       98  
Net cash provided by operating activities   1,270       2,682       3,001       4,556  
Cash flows from investing activities:              
  Proceeds from maturities of marketable securities   5,036       2,096       10,983       5,236  
  Proceeds from sales of marketable securities   702       347       1,731       705  
  Purchases of marketable securities   (3,644 )     (4,798 )     (7,576 )     (9,268 )
  Purchases related to property and equipment and intangible assets   (433 )     (183 )     (794 )     (481 )
  Acquisitions, net of cash acquired   (13 )     -       (49 )     -  
  Investments and other, net   (30 )     5       (65 )     3  
Net cash provided by (used in) investing activities   1,618       (2,533 )     4,230       (3,805 )
Cash flows from financing activities:              
  Proceeds related to employee stock plans   1       2       205       128  
  Payments related to repurchases of common stock   (3,345 )     -       (5,341 )     -  
  Payments related to tax on restricted stock units   (305 )     (365 )     (837 )     (843 )
  Dividends paid   (100 )     (100 )     (200 )     (198 )
  Principal payments on property and equipment and intangible assets   (14 )     (21 )     (36 )     (40 )
  Issuance of debt, net of issuance costs   -       4,985       -       4,985  
  Other   1       -       1       (2 )
Net cash provided by (used in) financing activities   (3,762 )     4,501       (6,208 )     4,030  
Change in cash and cash equivalents   (874 )     4,650       1,023       4,781  
Cash and cash equivalents at beginning of period   3,887       978       1,990       847  
Cash and cash equivalents at end of period $ 3,013     $ 5,628     $ 3,013     $ 5,628  

 

 
NVIDIA CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, except per share data)
(Unaudited)
                      
         Three Months Ended   Six Months Ended
         July 31,   May 1,   August 1,   July 31,   August 1,
         2022   2022   2021   2022   2021
                          
GAAP gross profit $ 2,915     $ 5,431     $ 4,215     $ 8,346     $ 7,844  
  GAAP gross margin     43.5 %     65.5 %     64.8 %     55.7 %     64.5 %
    Acquisition-related and other costs (A)   121       94       86       214       173  
    Stock-based compensation expense (B)   38       38       32       76       57  
    IP-related costs      -       -       4       -       9  
Non-GAAP gross profit $ 3,074     $ 5,563     $ 4,337     $ 8,636     $ 8,083  
  Non-GAAP gross margin     45.9 %     67.1 %     66.7 %     57.6 %     66.4 %
                          
GAAP operating expenses $ 2,416     $ 3,563     $ 1,771     $ 5,979     $ 3,444  
    Stock-based compensation expense (B)   (611 )     (540 )     (433 )     (1,151 )     (837 )
    Acquisition-related and other costs (A)   (54 )     (55 )     (72 )     (110 )     (152 )
    Contributions      (2 )     -       -       (2 )     -  
    Acquisition termination cost   -       (1,353 )     -       (1,353 )     -  
    Legal settlement costs   -       (7 )     -       (7 )     -  
Non-GAAP operating expenses $ 1,749     $ 1,608     $ 1,266     $ 3,356     $ 2,455  
                          
GAAP income from operations $ 499     $ 1,868     $ 2,444     $ 2,367     $ 4,400  
    Total impact of non-GAAP adjustments to income from operations   826       2,087       627       2,913       1,228  
Non-GAAP income from operations $ 1,325     $ 3,955     $ 3,071     $ 5,280     $ 5,628  
                          
GAAP other income (expense), net $ (24 )   $ (63 )   $ (50 )   $ (87 )   $ 38  
    (Gains) losses from non-affiliated investments   7       17       -       24       (133 )
    Interest expense related to amortization of debt discount   1       1       1       2       2  
Non-GAAP other income (expense), net $ (16 )   $ (45 )   $ (49 )   $ (61 )   $ (93 )
                          
GAAP net income   $ 656     $ 1,618     $ 2,374     $ 2,274     $ 4,285  
    Total pre-tax impact of non-GAAP adjustments   833       2,105       628       2,940       1,097  
    Income tax impact of non-GAAP adjustments (C)   (197 )     (280 )     (127 )     (478 )     (194 )
    Domestication tax adjustments   -       -       (252 )     -       (252 )
Non-GAAP net income $ 1,292     $ 3,443     $ 2,623     $ 4,736     $ 4,936  
                          
Diluted net income per share                  
    GAAP    $ 0.26     $ 0.64     $ 0.94     $ 0.90     $ 1.69  
    Non-GAAP    $ 0.51     $ 1.36     $ 1.04     $ 1.87     $ 1.95  
                          
Weighted average shares used in diluted net income per share computation   2,516       2,537       2,532       2,527       2,529  
                          
GAAP net cash provided by operating activities $ 1,271     $ 1,731     $ 2,682     $ 3,001     $ 4,556  
    Purchases related to property and equipment and intangible assets   (432 )     (361 )     (183 )     (794 )     (481 )
    Principal payments on property and equipment   (15 )     (22 )     (21 )     (36 )     (40 )
Free cash flow   $ 824     $ 1,348     $ 2,478     $ 2,171     $ 4,035  
                          
                          
(A) Acquisition-related and other costs are comprised of amortization of intangible assets, transaction costs and certain compensation charges presented in the following line items:
         Three Months Ended   Six Months Ended
         July 31,   May 1,   August 1,   July 31,   August 1,
         2022   2022   2021   2022   2021
    Cost of revenue $ 121     $ 94     $ 86     $ 214     $ 173  
    Research and development $ 10     $ 9     $ 1     $ 19     $ 4  
    Sales, general and administrative $ 44     $ 46     $ 71     $ 91     $ 148  
                          
(B) Stock-based compensation consists of the following:      
         Three Months Ended   Six Months Ended
         July 31,   May 1,   August 1,   July 31,   August 1,
         2022   2022   2021   2022   2021
    Cost of revenue $ 38     $ 38     $ 32     $ 76     $ 57  
    Research and development $ 452     $ 384     $ 297     $ 836     $ 573  
    Sales, general and administrative $ 159     $ 156     $ 136     $ 315     $ 264  
 
(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 FY2023 Outlook  
    ($ in millions)  
       
GAAP gross margin   62.4 %  
  Impact of stock-based compensation expense, acquisition-related costs, and other costs   2.6 %  
Non-GAAP gross margin   65.0 %  
       
GAAP operating expenses $ 2,590    
  Stock-based compensation expense and acquisition-related costs   (770 )  
Non-GAAP operating expenses $ 1,820    
       


About NVIDIA
Since its founding in 1993, NVIDIA (NASDAQ: NVDA) has been a pioneer in accelerated computing. The company’s invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics and ignited the era of modern AI. NVIDIA is now a full-stack computing company with data-center-scale offerings that are reshaping industry. More information at https://nvidianews.nvidia.com/.

Certain statements in this press release including, but not limited to, statements as to: plans to continue share repurchases this fiscal year; the company navigating supply chain transitions in a challenging macro environment and getting through it; accelerated computing and AI transforming industries; Automotive becoming a tech industry and being on track to be the company’s next billion-dollar business; advances in AI driving the company’s Data Center business while accelerating breakthroughs; sharing at GTC new advances in RTX as well as breakthroughs in AI and the metaverse; the use of NVIDIA Grace superchips to create HGX systems by some of the world’s leading computer makers; QODA as a unified computing platform for speeding breakthroughs in quantum research and development; the NeMo Megatron large language model framework enabling training speedups; NVIDIA Fleet Command features enhancing management of edge AI deployments; NVIDIA and its partners continuing to provide the best overall AI training performance and the most submissions across all MLPerf training benchmarks; the expanded partnership with Siemens enabling the industrial metaverse and increasing use of AI-driven digital twin technology; Omniverse Avatar Cloud Engine making it easier to build and customize lifelike virtual assistants and digital humans; the initiative to evolve Universal Scene Description to become a foundation of the open metaverse; aligning with other members of the Metaverse Standards Forum on the best ways to build the foundations of the metaverse; NVIDIA’s next quarterly cash dividend; NVIDIA’s financial outlook for the third quarter of fiscal 2023; expectations that Gaming and Professional Visualization revenue will decline sequentially and be partially offset by sequential growth in Data Center and Automotive; and NVIDIA’s expected tax rates for the third quarter of fiscal 2023 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.

© 2022 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, GeForce, GeForce NOW, GeForce RTX, NVIDIA DRIVE, NVIDIA DRIVE Orin, NVIDIA Fleet Command, NVIDIA HGX, NVIDIA Grace, NVIDIA NeMo, NVIDIA Omniverse, NVIDIA QODA and NVIDIA Studio 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
Since its founding in 1993, NVIDIA (NASDAQ: NVDA) has been a pioneer in accelerated computing. The company’s invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics and ignited the era of modern AI. NVIDIA is now a full-stack computing company with data-center-scale offerings that are reshaping industry. More information at https://nvidianews.nvidia.com/.

Certain statements in this press release including, but not limited to, statements as to: plans to continue share repurchases this fiscal year; the company navigating supply chain transitions in a challenging macro environment and getting through it; accelerated computing and AI transforming industries; Automotive becoming a tech industry and being on track to be the company’s next billion-dollar business; advances in AI driving the company’s Data Center business while accelerating breakthroughs; sharing at GTC new advances in RTX as well as breakthroughs in AI and the metaverse; the use of NVIDIA Grace superchips to create HGX systems by some of the world’s leading computer makers; QODA as a unified computing platform for speeding breakthroughs in quantum research and development; the NeMo Megatron large language model framework enabling training speedups; NVIDIA Fleet Command features enhancing management of edge AI deployments; NVIDIA and its partners continuing to provide the best overall AI training performance and the most submissions across all MLPerf training benchmarks; the expanded partnership with Siemens enabling the industrial metaverse and increasing use of AI-driven digital twin technology; Omniverse Avatar Cloud Engine making it easier to build and customize lifelike virtual assistants and digital humans; the initiative to evolve Universal Scene Description to become a foundation of the open metaverse; aligning with other members of the Metaverse Standards Forum on the best ways to build the foundations of the metaverse; NVIDIA’s next quarterly cash dividend; NVIDIA’s financial outlook for the third quarter of fiscal 2023; expectations that Gaming and Professional Visualization revenue will decline sequentially and be partially offset by sequential growth in Data Center and Automotive; and NVIDIA’s expected tax rates for the third quarter of fiscal 2023 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.

© 2022 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, GeForce, GeForce NOW, GeForce RTX, NVIDIA DRIVE, NVIDIA DRIVE Orin, NVIDIA Fleet Command, NVIDIA HGX, NVIDIA Grace, NVIDIA NeMo, NVIDIA Omniverse, NVIDIA QODA and NVIDIA Studio 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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