NVIDIA CORP, 10-Q filed on 5/29/2024
Quarterly Report
v3.24.1.1.u2
Cover - shares
shares in Millions
3 Months Ended
Apr. 28, 2024
May 24, 2024
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Apr. 28, 2024  
Document Transition Report false  
Entity File Number 0-23985  
Entity Registrant Name NVIDIA CORP  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 94-3177549  
Entity Address, Address Line One 2788 San Tomas Expressway  
Entity Address, City or Town Santa Clara  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 95051  
City Area Code 408  
Local Phone Number 486-2000  
Title of 12(b) Security Common Stock, $0.001 par value per share  
Trading Symbol NVDA  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   2,460
Entity Central Index Key 0001045810  
Current Fiscal Year End Date --01-26  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q1  
Amendment Flag false  
v3.24.1.1.u2
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Income Statement [Abstract]    
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 (in dollars per share) $ 6.04 $ 0.83
Diluted (in dollars per share) $ 5.98 $ 0.82
Weighted average shares used in per share computation:    
Basic (in shares) 2,462 2,470
Diluted (in shares) 2,489 2,490
v3.24.1.1.u2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Statement of Comprehensive Income [Abstract]    
Net income $ 14,881 $ 2,043
Available-for-sale securities:    
Net change in unrealized gain (loss) (128) 17
Cash flow hedges:    
Net change in unrealized loss (4) (13)
Reclassification adjustments for net realized loss included in net income (4) (11)
Net change in unrealized loss (8) (24)
Other comprehensive loss, net of tax (136) (7)
Total comprehensive income $ 14,745 $ 2,036
v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 28, 2024
Jan. 28, 2024
Current assets:    
Cash and cash equivalents $ 7,587 $ 7,280
Marketable securities 23,851 18,704
Accounts receivable, net 12,365 9,999
Inventories 5,864 5,282
Prepaid expenses and other current assets 4,062 3,080
Total current assets 53,729 44,345
Property and equipment, net 4,006 3,914
Operating lease assets 1,532 1,346
Goodwill 4,453 4,430
Intangible assets, net 986 1,112
Deferred income tax assets 7,798 6,081
Other assets 4,568 4,500
Total assets 77,072 65,728
Current liabilities:    
Accounts payable 2,715 2,699
Accrued and other current liabilities 11,258 6,682
Short-term debt 1,250 1,250
Total current liabilities 15,223 10,631
Long-term debt 8,460 8,459
Long-term operating lease liabilities 1,281 1,119
Other long-term liabilities 2,966 2,541
Total liabilities 27,930 22,750
Commitments and contingencies - see Note 12
Shareholders’ equity:    
Preferred stock 0 0
Common stock 2 2
Additional paid-in capital 12,651 13,132
Accumulated other comprehensive income (loss) (109) 27
Retained earnings 36,598 29,817
Total shareholders' equity 49,142 42,978
Total liabilities and shareholders' equity $ 77,072 $ 65,728
v3.24.1.1.u2
Condensed Consolidated Statements of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock Outstanding
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Beginning balance, common stock outstanding (in shares) at Jan. 29, 2023   2,466.0      
Beginning balances, shareholders' equity at Jan. 29, 2023 $ 22,101 $ 2 $ 11,971 $ (43) $ 10,171
Increase (Decrease) in Shareholders' Equity          
Net income 2,043       2,043
Other comprehensive loss (7)     (7)  
Issuance of common stock from stock plans (in shares)   9.0      
Issuance of common stock from stock plans  246   246    
Tax withholding related to vesting of restricted stock units (in shares)   (2.0)      
Tax withholding related to vesting of restricted stock units $ (507)   (507)    
Shares repurchased (in shares) 0.0        
Cash dividends declared and paid $ (99)       (99)
Stock-based compensation 743   743    
Ending balance, common stock outstanding (in shares) at Apr. 30, 2023   2,473.0      
Ending balances, shareholders' equity at Apr. 30, 2023 24,520 $ 2 12,453 (50) 12,115
Beginning balance, common stock outstanding (in shares) at Jan. 29, 2023   2,466.0      
Beginning balances, shareholders' equity at Jan. 29, 2023 22,101 $ 2 11,971 (43) 10,171
Ending balance, common stock outstanding (in shares) at Jan. 28, 2024   2,464.0      
Ending balances, shareholders' equity at Jan. 28, 2024 42,978 $ 2 13,132 27 29,817
Increase (Decrease) in Shareholders' Equity          
Net income 14,881       14,881
Other comprehensive loss (136)     (136)  
Issuance of common stock from stock plans (in shares)   7.0      
Issuance of common stock from stock plans  285   285    
Tax withholding related to vesting of restricted stock units (in shares)   (2.0)      
Tax withholding related to vesting of restricted stock units $ (1,752)   (1,752)    
Shares repurchased (in shares) (9.9) (10.0)      
Shares repurchased $ (8,035)   (33)   (8,002)
Cash dividends declared and paid (98)       (98)
Stock-based compensation 1,019   1,019    
Ending balance, common stock outstanding (in shares) at Apr. 28, 2024   2,459.0      
Ending balances, shareholders' equity at Apr. 28, 2024 $ 49,142 $ 2 $ 12,651 $ (109) $ 36,598
v3.24.1.1.u2
Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Statement of Stockholders' Equity [Abstract]    
Common stock, dividends per share, declared and paid (in dollars per share) $ 0.04 $ 0.04
v3.24.1.1.u2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Jan. 28, 2024
Cash flows from operating activities:      
Net income $ 14,881 $ 2,043  
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 1,011 735  
Depreciation and amortization 410 384  
Realized and unrealized (gains) losses on investments in non-affiliated entities, net (69) 14  
Deferred income taxes (1,577) (1,135)  
Other (145) (34)  
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (2,366) (252)  
Inventories (577) 566  
Prepaid expenses and other assets (726) (215)  
Accounts payable (22) 11  
Accrued and other current liabilities 4,202 689  
Other long-term liabilities 323 105  
Net cash provided by operating activities 15,345 2,911  
Cash flows from investing activities:      
Proceeds from maturities of marketable securities 4,004 2,512  
Proceeds from sales of marketable securities 149 0  
Purchases of marketable securities (9,303) (2,801)  
Purchases related to property and equipment and intangible assets (369) (248)  
Acquisitions, net of cash acquired (39) (83)  
Investments in non-affiliated entities (135) (221)  
Net cash used in investing activities (5,693) (841)  
Cash flows from financing activities:      
Proceeds related to employee stock plans 285 246  
Payments related to repurchases of common stock (7,740) 0  
Payments related to tax on restricted stock units (1,752) (507)  
Dividends paid (98) (99)  
Principal payments on property and equipment and intangible assets (40) (20)  
Net cash used in financing activities (9,345) (380)  
Change in cash and cash equivalents 307 1,690  
Cash and cash equivalents at beginning of period 7,280 3,389 $ 3,389
Cash and cash equivalents at end of period $ 7,587 $ 5,079 $ 7,280
v3.24.1.1.u2
Summary of Significant Accounting Policies
3 Months Ended
Apr. 28, 2024
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America, or U.S. GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission, or SEC, Regulation S-X. The January 28, 2024 consolidated balance sheet was derived from our audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 28, 2024, as filed with the SEC, but does not include all disclosures required by U.S. GAAP. In the opinion of management, all adjustments, consisting only of normal recurring adjustments considered necessary for a fair statement of results of operations and financial position, have been included. The results for the interim periods presented are not necessarily indicative of the results expected for any future period. The following information should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 28, 2024. 
Significant Accounting Policies
There have been no material changes to our significant accounting policies disclosed in Note 1 - Organization and Summary of Significant Accounting Policies, of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended January 28, 2024.
Fiscal Year
We operate on a 52- or 53-week year, ending on the last Sunday in January. Fiscal years 2025 and 2024 are both 52-week years. The first quarters of fiscal years 2025 and 2024 were both 13-week quarters.
Principles of Consolidation
Our condensed consolidated financial statements include the accounts of NVIDIA Corporation and our wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from our estimates. On an on-going basis, we evaluate our estimates, including those related to revenue recognition, cash equivalents and marketable securities, accounts receivable, inventories and product purchase commitments, income taxes, goodwill, stock-based compensation, litigation, investigation and settlement costs, property, plant, and equipment, and other contingencies. These estimates are based on historical facts and various other assumptions that we believe are reasonable.
Recently Issued Accounting Pronouncements
Recent Accounting Pronouncements Not Yet Adopted
In November 2023, the Financial Accounting Standards Board, or FASB, issued a new accounting standard to provide for additional disclosures about significant expenses in operating segments. The standard is effective for our annual reporting starting with fiscal year 2025 and for interim period reporting starting in fiscal year 2026 retrospectively. We are currently evaluating the impact of this standard on our Consolidated Financial Statements.
In December 2023, the FASB issued a new accounting standard which provides for new and updated income tax disclosures, including disaggregation of rate reconciliation and income taxes paid. The standard is effective for annual periods beginning after December 15, 2024. Early adoption is permitted and should be applied prospectively, with retrospective application permitted. We expect to adopt this standard in our annual reporting starting with fiscal year 2026. We are currently evaluating the impact of this standard on our Consolidated Financial Statements.
v3.24.1.1.u2
Leases
3 Months Ended
Apr. 28, 2024
Leases [Abstract]  
Leases Leases
Our lease obligations primarily consist of operating leases for our headquarters complex, domestic and international office facilities, and data center space, with lease periods expiring between fiscal years 2025 and 2035.
Future minimum lease payments under our non-cancelable operating leases as of April 28, 2024 were as follows:
Operating Lease Obligations
 (In millions)
Fiscal Year: 
2025 (excluding first quarter of fiscal year 2025)
$221 
2026306 
2027290 
2028270 
2029236 
2030 and thereafter
410 
Total1,733 
Less imputed interest206 
Present value of net future minimum lease payments1,527 
Less short-term operating lease liabilities246 
Long-term operating lease liabilities$1,281 
In addition, we have operating leases, primarily for our data centers, that are expected to commence during fiscal year 2025 with lease terms of 2 to 11 years for $923 million.
Operating lease expenses were $80 million and $59 million for the first quarter of fiscal years 2025 and 2024, respectively. Short-term and variable lease expenses for the first quarter of fiscal years 2025 and 2024 were not significant.
Other information related to leases was as follows:
Three Months Ended
Apr 28, 2024Apr 30, 2023
 (In millions)
Supplemental cash flows information 
Operating cash flows used for operating leases$69 $61 
Operating lease assets obtained in exchange for lease obligations250 106 
As of April 28, 2024, our operating leases had a weighted average remaining lease term of 6.3 years and a weighted average discount rate of 3.89%. As of January 28, 2024, our operating leases had a weighted average remaining lease term of 6.1 years and a weighted average discount rate of 3.76%.
v3.24.1.1.u2
Stock-Based Compensation
3 Months Ended
Apr. 28, 2024
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Our stock-based compensation expense is associated with restricted stock units, or RSUs, performance stock units that are based on our corporate financial performance targets, or PSUs, performance stock units that are based on market conditions, or market-based PSUs, and our employee stock purchase plan, or ESPP.
Our Condensed Consolidated Statements of Income include stock-based compensation expense, net of amounts capitalized into inventory and subsequently recognized to cost of revenue, as follows:
 Three Months Ended
 Apr 28, 2024Apr 30, 2023
(In millions)
Cost of revenue$36 $27 
Research and development727 524 
Sales, general and administrative248 184 
Total$1,011 $735 
Equity Award Activity
The following is a summary of our equity award transactions under our equity incentive plans:
RSUs, PSUs, and Market-based PSUs Outstanding
 Number of SharesWeighted Average Grant-Date Fair Value Per Share
(In millions, except per share data)
Balances, Jan 28, 202437 $245.94 
Granted$801.79 
Vested(6)$176.59 
Balances, Apr 28, 202438 $361.45 
As of April 28, 2024, there was $13.2 billion of aggregate unearned stock-based compensation expense. This amount is expected to be recognized over a weighted average period of 2.6 years for RSUs, PSUs, and market-based PSUs, and 0.8 years for ESPP.
v3.24.1.1.u2
Net Income Per Share
3 Months Ended
Apr. 28, 2024
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented:
 Three Months Ended
Apr 28, 2024Apr 30, 2023
 (In millions, except per share data)
Numerator:  
Net income$14,881 $2,043 
Denominator:
Basic weighted average shares2,462 2,470 
Dilutive impact of outstanding equity awards27 20 
Diluted weighted average shares2,489 2,490 
Net income per share:
Basic (1)$6.04 $0.83 
Diluted (2)$5.98 $0.82 
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive
(1)    Calculated as net income divided by basic weighted average shares.
(2)    Calculated as net income divided by diluted weighted average shares.
Diluted net income per share is computed using the weighted average number of common and potentially dilutive shares outstanding during the period, using the treasury stock method. Any anti-dilutive effect of equity awards outstanding is not included in the computation of diluted net income per share.
v3.24.1.1.u2
Income Taxes
3 Months Ended
Apr. 28, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income tax expense was $2.4 billion and $166 million for the first quarter of fiscal years 2025 and 2024, respectively. Income tax expense as a percentage of income before income tax was 13.9% and 7.5% for the first quarter of fiscal years 2025 and 2024, respectively.

The effective tax rate increased primarily due to a decreased effect of tax benefits from the foreign-derived intangible income deduction and stock-based compensation relative to the increase in income before income tax.

Our effective tax rates for the first quarter of fiscal years 2025 and 2024 were lower than the U.S. federal statutory rate of 21% due to tax benefits from stock-based compensation, the foreign-derived intangible income deduction, income earned in jurisdictions that are subject to taxes lower than the U.S. federal statutory tax rate, and the U.S. federal research tax credit.
While we believe that we have adequately provided for all uncertain tax positions, or tax positions where we believe it is not more-likely-than-not that the position will be sustained upon review, amounts asserted by tax authorities could be greater or less than our accrued position. Accordingly, our provisions on federal, state and foreign tax related matters to be recorded in the future may change as revised estimates are made or the underlying matters are settled or otherwise resolved with the respective tax authorities. As of April 28, 2024, we do not believe that our estimates, as otherwise provided for, on such tax positions will significantly increase or decrease within the next 12 months.
v3.24.1.1.u2
Cash Equivalents and Marketable Securities
3 Months Ended
Apr. 28, 2024
Investments, Debt and Equity Securities [Abstract]  
Cash Equivalents and Marketable Securities Cash Equivalents and Marketable Securities 
Our cash equivalents and marketable securities related to publicly held debt securities are classified as “available-for-sale” debt securities.
The following is a summary of cash equivalents and marketable securities:
 Apr 28, 2024
Amortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Corporate debt securities$11,397 $$(43)$11,357 $733 $10,624 
Debt securities issued by the U.S. Treasury11,314 — (62)11,252 886 10,366 
Money market funds5,374 — — 5,374 5,374 — 
Debt securities issued by U.S. government agencies2,826 — (7)2,819 189 2,630 
Certificates of deposit286 — — 286 69 217 
Foreign government bonds14 — — 14 — 14 
Total$31,211 $$(112)$31,102 $7,251 $23,851 
 Jan 28, 2024
Amortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Corporate debt securities$10,126 $31 $(5)$10,152 $2,231 $7,921 
Debt securities issued by the U.S. Treasury9,517 17 (10)9,524 1,315 8,209 
Money market funds3,031 — — 3,031 3,031 — 
Debt securities issued by U.S. government agencies2,326 (1)2,333 89 2,244 
Certificates of deposit510 — — 510 294 216 
Foreign government bonds174 — — 174 60 114 
Total$25,684 $56 $(16)$25,724 $7,020 $18,704 
The following tables provide the breakdown of unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position:
Apr 28, 2024
 Less than 12 Months12 Months or GreaterTotal
 Estimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized Loss
 (In millions)
Debt securities issued by the U.S. Treasury$9,720 $(60)$756 $(2)$10,476 $(62)
Corporate debt securities6,943 (42)188 (1)7,131 (43)
Debt securities issued by U.S. government agencies2,391 (7)— — 2,391 (7)
Total$19,054 $(109)$944 $(3)$19,998 $(112)
Jan 28, 2024
 Less than 12 Months12 Months or GreaterTotal
 Estimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized Loss
 (In millions)
Debt securities issued by the U.S. Treasury$3,343 $(5)$1,078 $(5)$4,421 $(10)
Corporate debt securities1,306 (3)618 (2)1,924 (5)
Debt securities issued by U.S. government agencies670 (1)— — 670 (1)
Total$5,319 $(9)$1,696 $(7)$7,015 $(16)
The gross unrealized losses are related to fixed income securities, driven primarily by changes in interest rates. Net realized gains and losses were not significant for all periods presented.
The amortized cost and estimated fair value of cash equivalents and marketable securities are shown below by contractual maturity.
Apr 28, 2024Jan 28, 2024
Amortized CostEstimated Fair ValueAmortized CostEstimated Fair Value
(In millions)
Less than one year$16,811 $16,800 $16,336 $16,329 
Due in 1 - 5 years14,400 14,302 9,348 9,395 
Total$31,211 $31,102 $25,684 $25,724 
v3.24.1.1.u2
Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities
3 Months Ended
Apr. 28, 2024
Fair Value Disclosures [Abstract]  
Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities
The fair values of our financial assets and liabilities are determined using quoted market prices of identical assets or quoted market prices of similar assets from active markets. We review fair value hierarchy classification on a quarterly basis.
Pricing CategoryFair Value at
Apr 28, 2024Jan 28, 2024
(In millions)
Assets
Cash equivalents and marketable securities:
Money market fundsLevel 1$5,374 $3,031 
Corporate debt securitiesLevel 2$11,357 $10,152 
Debt securities issued by the U.S. TreasuryLevel 2$11,252 $9,524 
Debt securities issued by U.S. government agenciesLevel 2$2,819 $2,333 
Certificates of depositLevel 2$286 $510 
Foreign government bondsLevel 2$14 $174 
Other assets (Investments in non-affiliated entities):
Publicly-held equity securitiesLevel 1$287 $225 
Liabilities (1)
0.584% Notes Due 2024
Level 2$1,242 $1,228 
3.20% Notes Due 2026
Level 2$960 $970 
1.55% Notes Due 2028
Level 2$1,096 $1,115 
2.85% Notes Due 2030
Level 2$1,331 $1,367 
2.00% Notes Due 2031
Level 2$1,026 $1,057 
3.50% Notes Due 2040
Level 2$805 $851 
3.50% Notes Due 2050
Level 2$1,487 $1,604 
3.70% Notes Due 2060
Level 2$368 $403 

(1)    These liabilities are carried on our Condensed Consolidated Balance Sheets at their original issuance value, net of unamortized debt discount and issuance costs.
Investments in Non-Affiliated Entities
Our investments in non-affiliated entities include marketable equity securities, which are publicly traded, and non-marketable equity securities, which are primarily investments in privately held companies.
Our marketable equity securities have readily determinable fair values and are recorded in long-term other assets on our Condensed Consolidated Balance Sheets at fair value with changes in fair value recorded in Other income and expense, net on our Condensed Consolidated Statements of Income. Marketable equity securities totaled $287 million and $225 million as of April 28, 2024 and January 28, 2024, respectively. The net unrealized and realized gains and losses of investments in marketable securities were not significant for the first quarter of fiscal years 2025 and 2024.
Our non-marketable equity securities are recorded in long-term other assets on our Condensed Consolidated Balance Sheets and valued under the measurement alternative. The carrying value of our non-marketable equity securities totaled $1.5 billion and $1.3 billion as of April 28, 2024 and January 28, 2024, respectively. Gains and losses on these investments, realized and unrealized, are recognized in Other income and expense, net on our Condensed Consolidated Statements of Income.
Adjustments to the carrying value of our non-marketable equity securities during the first quarter of fiscal years 2025 and 2024 were as follows:
Apr 28, 2024Apr 30, 2023
(In millions)
Balance at beginning of period$1,321 $288 
Adjustments related to non-marketable equity securities:
Net additions127 221 
Unrealized gains15 — 
Impairments and unrealized losses— (13)
Balance at end of period$1,463 $496 
The following table summarizes the cumulative gross unrealized gains, losses and impairments related to non-marketable equity securities:
Apr 28, 2024
(In millions)
Cumulative gross unrealized gains$285 
Cumulative gross impairments and unrealized losses(45)
v3.24.1.1.u2
Amortizable Intangible Assets and Goodwill
3 Months Ended
Apr. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets and Goodwill Amortizable Intangible Assets and Goodwill
The components of our amortizable intangible assets are as follows:
 Apr 28, 2024Jan 28, 2024
 Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
 (In millions)
Acquisition-related intangible assets$2,648 $(1,844)$804 $2,642 $(1,720)$922 
Patents and licensed technology442 (260)182 449 (259)190 
Total intangible assets$3,090 $(2,104)$986 $3,091 $(1,979)$1,112 
Amortization expense associated with intangible assets was $143 million and $181 million for the first quarter of fiscal year 2025 and 2024, respectively.
The following table outlines the estimated amortization expense related to the net carrying amount of intangible assets as of April 28, 2024:
Future Amortization Expense
 (In millions)
Fiscal Year: 
2025 (excluding first quarter of fiscal year 2025)
$418 
2026267 
2027155 
202837 
2029
2030 and thereafter100 
Total$986 
In the first quarter of fiscal year 2025, goodwill increased by $23 million from business combinations, and was assigned to our Compute & Networking segment.
v3.24.1.1.u2
Balance Sheet Components
3 Months Ended
Apr. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components Balance Sheet Components 
Two customers accounted for 16% and 15% of our accounts receivable balance as of April 28, 2024. Two customers accounted for 24% and 11% of our accounts receivable balance as of January 28, 2024.
Certain balance sheet components are as follows:
 Apr 28, 2024Jan 28, 2024
Inventories (1):(In millions)
Raw materials$1,991 $1,719 
Work in process1,625 1,505 
Finished goods2,248 2,058 
Total inventories$5,864 $5,282 
(1)    During the first quarter of fiscal years 2025 and 2024, we recorded an inventory provision of $210 million and $105 million, respectively, in cost of revenue.

 Apr 28, 2024Jan 28, 2024
Other Assets:(In millions)
Prepaid supply and capacity agreements (1)$2,232 $2,458 
Investments in non-affiliated entities1,750 1,546 
Prepaid royalties358 364 
Other228 132 
Total other assets$4,568 $4,500 
(1)    As of April 28, 2024 and January 28, 2024, there were an additional $3.3 billion and $2.5 billion of short-term prepaid supply and capacity agreements included in Prepaid expenses and other current assets, respectively.
 Apr 28, 2024Jan 28, 2024
Accrued and Other Current Liabilities:(In millions)
Taxes payable (1)$3,881 $296 
Customer program accruals2,744 2,081 
Excess inventory purchase obligations (2)1,684 1,655 
Deferred revenue (3)845 764 
Product warranty and return provisions643 415 
Accrued payroll and related expenses639 675 
Unsettled share repurchases262 187 
Operating leases246 228 
Licenses and royalties164 182 
Other150 199 
Total accrued and other current liabilities$11,258 $6,682 
(1)    We did not make any estimated federal or state tax payments in the first quarter and expect our cash taxes to substantially increase in the second quarter as we will make two federal and state estimated tax payments.

(2)    During the first quarter of fiscal years 2025 and 2024, we recorded an expense of approximately $183 million and $29 million, respectively, in cost of revenue for inventory purchase obligations in excess of our current demand projections, supplier charges, and penalties related to cancellations and underutilization.

(3)    Deferred revenue primarily includes customer advances and deferrals related to hardware support, software support, cloud services, and license and development arrangements. $274 million and $233 million of the balance in the first quarter of fiscal year 2025 and in fiscal year 2024, respectively, were related to customer advances.

 Apr 28, 2024Jan 28, 2024
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$1,553 $1,361 
Deferred revenue (2)704 573 
Deferred income tax583 462 
Licenses payable60 80 
Other66 65 
Total other long-term liabilities$2,966 $2,541 
(1)    Income tax payable is comprised of the long-term portion of the one-time transition tax payable, unrecognized tax benefits, and related interest and penalties.

(2)    Deferred revenue primarily includes deferrals related to hardware support and software support.
Deferred Revenue
The following table shows the changes in short and long term deferred revenue during the first quarter of fiscal years 2025 and 2024:
 Apr 28, 2024Apr 30, 2023
(In millions)
Balance at beginning of period$1,337 $572 
Deferred revenue additions during the period553 287 
Revenue recognized during the period(341)(262)
Balance at end of period$1,549 $597 
We recognized $188 million in revenue in the first quarter of fiscal year 2025 from deferred revenue as of January 28, 2024.
Revenue allocated to remaining performance obligations, which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods, was $1.3 billion as of April 28, 2024. We expect to recognize approximately 38% of this revenue over the next twelve months and the remainder thereafter. This excludes revenue related to performance obligations for contracts with a length of one year or less.
v3.24.1.1.u2
Derivative Financial Instruments
3 Months Ended
Apr. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
We enter into foreign currency forward contracts to mitigate the impact of foreign currency exchange rate movements on our operating expenses. These contracts are designated as cash flow hedges for hedge accounting treatment. Gains or losses on the contracts are recorded in accumulated other comprehensive income or loss and reclassified to operating expense when the related operating expenses are recognized in earnings or ineffectiveness should occur.
We also enter into foreign currency forward contracts to mitigate the impact of foreign currency movements on monetary assets and liabilities. The change in fair value of these non-designated contracts is recorded in other income or expense and offsets the change in fair value of the hedged foreign currency denominated monetary assets and liabilities, which is also recorded in other income or expense.
The table below presents the notional value of our foreign currency contracts outstanding:
 Apr 28, 2024Jan 28, 2024
(In millions)
Designated as cash flow hedges$1,198 $1,168 
Non-designated hedges$704 $597 
The unrealized gains and losses or fair value of our foreign currency contracts was not significant as of April 28, 2024 and January 28, 2024.
As of April 28, 2024, all designated foreign currency contracts mature within 18 months. The expected realized gains and losses deferred to accumulated other comprehensive income or loss related to foreign currency contracts was not significant.
During the first quarter of fiscal years 2025 and 2024, the impact of derivative financial instruments designated for hedge accounting treatment in other comprehensive income or loss was not significant and the instruments were determined to be highly effective.
v3.24.1.1.u2
Debt
3 Months Ended
Apr. 28, 2024
Debt Disclosure [Abstract]  
Debt Debt
Long-Term Debt
Expected
Remaining Term (years)
Effective
Interest Rate
Carrying Value at
Apr 28, 2024Jan 28, 2024
(In millions)
0.584% Notes Due 2024
0.10.66%1,250 1,250 
3.20% Notes Due 2026
2.43.31%1,000 1,000 
1.55% Notes Due 2028
4.11.64%1,250 1,250 
2.85% Notes Due 2030
5.92.93%1,500 1,500 
2.00% Notes Due 2031
7.12.09%1,250 1,250 
3.50% Notes Due 2040
15.93.54%1,000 1,000 
3.50% Notes Due 2050
25.93.54%2,000 2,000 
3.70% Notes Due 2060
36.03.73%500 500 
Unamortized debt discount and issuance costs(40)(41)
Net carrying amount9,710 9,709 
Less short-term portion(1,250)(1,250)
Total long-term portion$8,460 $8,459 
Our notes are unsecured senior obligations. Existing and future liabilities of our subsidiaries will be effectively senior to the notes. Our notes pay interest semi-annually. We may redeem each of our notes prior to maturity, as defined in the applicable form of note. The maturity of the notes are calendar year.
As of April 28, 2024, we were in compliance with the required covenants, which are non-financial in nature, under the outstanding notes.
Commercial Paper
We have a $575 million commercial paper program to support general corporate purposes. As of April 28, 2024, we had no commercial paper outstanding.
v3.24.1.1.u2
Commitments and Contingencies
3 Months Ended
Apr. 28, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Purchase Obligations
Our purchase obligations reflect our commitment to purchase components used to manufacture our products, including long-term supply and capacity agreements, certain software and technology licenses, other goods and services and long-lived assets.
As of April 28, 2024, we had outstanding inventory purchases and long-term supply and capacity obligations totaling $18.8 billion. We enter into agreements with contract manufacturers that allow them to procure inventory based upon our defined criteria, and in certain instances, these agreements are cancellable, able to be rescheduled, and adjustable for our business needs prior to placing firm orders. These changes may result in costs incurred through the date of cancellation. Other non-inventory purchase obligations were $10.6 billion, including $8.8 billion of multi-year cloud service agreements. We expect our cloud service agreements to be used to support our research and development efforts and our DGX Cloud offerings.
Total future purchase commitments as of April 28, 2024 are as follows:
Commitments
 (In millions)
Fiscal Year: 
2025 (excluding first quarter of fiscal year 2025)
$19,306 
20263,438 
20272,573 
20282,222 
20291,585 
2030 and thereafter
249 
Total$29,373 
In addition to the purchase commitments included in the table above, at the end of the first quarter of fiscal year 2025, we had commitments of approximately $1.2 billion to complete business combinations, subject to closing conditions, and acquire land and buildings.
Accrual for Product Warranty Liabilities
The estimated amount of product warranty liabilities was $532 million and $306 million as of April 28, 2024 and January 28, 2024, respectively. The estimated product returns and product warranty activity consisted of the following:
Three Months Ended
Apr 28, 2024Apr 30, 2023
(In millions)
Balance at beginning of period$306 $82 
Additions234 13 
Utilization(8)(18)
Balance at end of period$532 $77 
We have provided indemnities for matters such as tax, product, and employee liabilities. We have included intellectual property indemnification provisions in our technology-related agreements with third parties. Maximum potential future payments cannot be estimated because many of these agreements do not have a maximum stated liability. We have not recorded any liability in our Condensed Consolidated Financial Statements for such indemnifications.
Litigation
Securities Class Action and Derivative Lawsuits
The plaintiffs in the putative securities class action lawsuit, captioned 4:18-cv-07669-HSG, initially filed on December 21, 2018 in the United States District Court for the Northern District of California, and titled In Re NVIDIA Corporation Securities Litigation, filed an amended complaint on May 13, 2020. The amended complaint asserted that NVIDIA and certain NVIDIA executives violated Section 10(b) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and SEC Rule 10b-5, by making materially false or misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand between May 10, 2017 and November 14, 2018. Plaintiffs also alleged that the NVIDIA executives who they named as defendants violated Section 20(a) of the Exchange Act. Plaintiffs sought class certification, an award of unspecified compensatory damages, an award of reasonable costs and expenses, including attorneys’ fees and expert fees, and further relief as the Court may deem just and proper. On March 2, 2021, the district court granted NVIDIA’s motion to dismiss the complaint without leave to amend, entered judgment in favor of NVIDIA and closed the case. On March 30, 2021, plaintiffs filed an appeal from judgment in the United States Court of Appeals for the Ninth Circuit, case number 21-15604. On August 25, 2023, a majority of a three-judge Ninth Circuit panel affirmed in part and reversed in part the district court’s dismissal of the case, with a third judge dissenting on the basis that the district court did not err in dismissing the case. On November 15, 2023, the Ninth Circuit denied NVIDIA’s petition for rehearing en banc of the Ninth Circuit panel’s majority decision to reverse in part the dismissal of the case, which NVIDIA had filed on October 10, 2023. On November 21, 2023, NVIDIA filed a motion with the Ninth Circuit for a stay of the mandate pending NVIDIA’s petition for a writ of certiorari in the Supreme Court of the United States and the Supreme Court’s resolution of the matter. On December 5, 2023, the Ninth Circuit granted NVIDIA’s motion to stay the mandate. NVIDIA filed a petition for a writ of certiorari on March 4, 2024. Four amicus briefs in support of NVIDIA’s petition were filed on April 5, 2024.
The putative derivative lawsuit pending in the United States District Court for the Northern District of California, captioned 4:19-cv-00341-HSG, initially filed January 18, 2019 and titled In re NVIDIA Corporation Consolidated Derivative Litigation, was stayed pending resolution of the plaintiffs’ appeal in the In Re NVIDIA Corporation Securities Litigation action. On February 22, 2022, the court administratively closed the case, but stated that it would reopen the case once the appeal in the In Re NVIDIA Corporation Securities Litigation action is resolved. The stay remains in place. The lawsuit asserts claims, purportedly on behalf of us, against certain officers and directors of the Company for breach of fiduciary duty, unjust enrichment, waste of corporate assets, and violations of Sections 14(a), 10(b), and 20(a) of the Exchange Act based on the dissemination of allegedly false and misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand. The plaintiffs are seeking unspecified damages and other relief, including reforms and improvements to NVIDIA’s corporate governance and internal procedures.
The putative derivative actions initially filed September 24, 2019 and pending in the United States District Court for the District of Delaware, Lipchitz v. Huang, et al. (Case No. 1:19-cv-01795-UNA) and Nelson v. Huang, et. al. (Case No. 1:19-cv-01798- UNA), remain stayed pending resolution of the plaintiffs’ appeal in the In Re NVIDIA Corporation Securities Litigation action. The lawsuits assert claims, purportedly on behalf of us, against certain officers and directors of the Company for breach of fiduciary duty, unjust enrichment, insider trading, misappropriation of information, corporate waste and violations of Sections 14(a), 10(b), and 20(a) of the Exchange Act based on the dissemination of allegedly false, and misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand. The plaintiffs seek unspecified damages and other relief, including disgorgement of profits from the sale of NVIDIA stock and unspecified corporate governance measures.
Another putative derivative action was filed on October 30, 2023 in the Court of Chancery of the State of Delaware, captioned Horanic v. Huang, et al. (Case No. 2023-1096-KSJM). This lawsuit asserts claims, purportedly on behalf of us, against certain officers and directors of the Company for breach of fiduciary duty and insider trading based on the dissemination of allegedly false and misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand. The plaintiffs seek unspecified damages and other relief, including disgorgement of profits from the sale of NVIDIA stock and reform of unspecified corporate governance measures. This derivative matter is stayed pending the final resolution of In Re NVIDIA Corporation Securities Litigation action.
Accounting for Loss Contingencies
As of April 28, 2024, there are no accrued contingent liabilities associated with the legal proceedings described above based on our belief that liabilities, while possible, are not probable. Further, except as described above, any possible loss or range of loss in these matters cannot be reasonably estimated at this time. We are engaged in legal actions not described above arising in the ordinary course of business and, while there can be no assurance of favorable outcomes, we believe that the ultimate outcome of these actions will not have a material adverse effect on our operating results, liquidity or financial position.
v3.24.1.1.u2
Shareholders' Equity
3 Months Ended
Apr. 28, 2024
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity 
Capital Return Program 
During the first quarter of fiscal year 2025, we repurchased 9.9 million shares of our common stock for $8.0 billion. We did not repurchase any shares during the first quarter of fiscal year 2024. As of April 28, 2024, we were authorized, subject to certain specifications, to repurchase up to $14.5 billion additional shares of our common stock. Our share repurchase program aims to offset dilution from shares issued to employees. We may pursue additional share repurchases as we weigh market factors and other investment opportunities.
From April 29, 2024 through May 24, 2024, we repurchased 2.3 million shares for $2.1 billion pursuant to a Rule 10b5-1 trading plan.
During the first quarter of fiscal years 2025 and 2024, we paid $98 million and $99 million in cash dividends to our shareholders, respectively. Our cash dividend program and the payment of future cash dividends under that program are subject to our Board of Directors' continuing determination that the dividend program and the declaration of dividends thereunder are in the best interests of our shareholders.
v3.24.1.1.u2
Segment Information
3 Months Ended
Apr. 28, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
Our Chief Executive Officer is our chief operating decision maker, or CODM, and reviews financial information presented on an operating segment basis for purposes of making decisions and assessing financial performance.
The Compute & Networking segment includes our Data Center accelerated computing platform; networking; automotive artificial intelligence, or AI, Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; electric vehicle computing platforms; Jetson for robotics and other embedded platforms; NVIDIA AI Enterprise and other software; and DGX Cloud.
The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse Enterprise software for building and operating 3D internet applications.
Operating results by segment include costs or expenses directly attributable to each segment, and costs or expenses that are leveraged across our unified architecture and therefore allocated between our two segments.
The “All Other” category includes the expenses that our CODM does not assign to either Compute & Networking or Graphics for purposes of making operating decisions or assessing financial performance. The expenses include stock-based compensation expense, corporate infrastructure and support costs, acquisition-related and other costs, and other non-recurring charges and benefits that our CODM deems to be enterprise in nature.
Our CODM does not review any information regarding total assets on a reportable segment basis. Depreciation and amortization expenses directly attributable to each reportable segment are included in operating results for each segment. However, our CODM does not evaluate depreciation and amortization expense by operating segment and, therefore, it is not separately presented. The accounting policies for segment reporting are the same as for our consolidated financial statements. The table below presents details of our reportable segments and the “All Other” category.
 Compute & NetworkingGraphicsAll OtherConsolidated
 (In millions)
Three Months Ended Apr 28, 2024
    
Revenue$22,675 $3,369 $— $26,044 
Operating income (loss)$17,047 $1,241 $(1,379)$16,909 
Three Months Ended Apr 30, 2023
    
Revenue$4,460 $2,732 $— $7,192 
Operating income (loss)$2,160 $1,046 $(1,066)$2,140 
Three Months Ended
Apr 28, 2024Apr 30, 2023
(In millions)
Reconciling items included in "All Other" category:
Stock-based compensation expense$(1,011)$(735)
Unallocated cost of revenue and operating expenses (229)(154)
Acquisition-related and other costs(140)(173)
Other(4)
Total$(1,379)$(1,066)
Revenue by geographic areas is based upon the billing location of the customer. End customer and shipping location may be different from our customer’s billing location. For example, most of the shipments associated with Singapore revenue went to either the United States or Taiwan in the first quarter of fiscal year 2025. Shipments to Singapore were insignificant. Revenue by geographic areas was as follows:
 Three Months Ended
 Apr 28, 2024Apr 30, 2023
 (In millions)
Revenue:  
United States$13,496 $2,385 
Taiwan4,373 1,796 
Singapore4,037 762 
China (including Hong Kong)2,491 1,590 
Other countries1,647 659 
Total revenue$26,044 $7,192 
The increase in revenue to the United States for the first quarter of fiscal year 2025 was primarily due to higher U.S.-based Compute & Networking segment demand.
Sales to one direct customer, Customer A, represented 13% of total revenue and sales to a second direct customer, Customer B, represented 11% of total revenue for the first quarter of fiscal year 2025, both of which were attributable to the Compute & Networking segment. No customer represented 10% or more of total revenue for the first quarter of fiscal year 2024.
The following table summarizes information pertaining to our revenue by each of the specialized markets we serve:
 Three Months Ended
 Apr 28, 2024Apr 30, 2023
 (In millions)
Revenue:  
Data Center$22,563 $4,284 
Compute19,392 3,357 
Networking3,171 927 
Gaming2,647 2,240 
Professional Visualization427 295 
Automotive329 296 
OEM and Other78 77 
Total revenue$26,044 $7,192 
v3.24.1.1.u2
Subsequent Events
3 Months Ended
Apr. 28, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On May 22, 2024, we announced a ten-for-one forward stock split, or the Stock Split, of our issued common stock to be effected through the filing of an amendment to our Restated Certificate of Incorporation, or the Amendment, with the Secretary of the State of Delaware. The Amendment will result in a proportionate increase in the number of shares of authorized common stock. As a result of the Stock Split, each record holder of common stock as of the close of market on June 6, 2024 will receive nine additional shares of common stock, to be distributed after the close of market on June 7, 2024. The following table reflects basic and diluted weighted average shares and net income per share on an unaudited pro forma basis giving effect to the Stock Split as if it had been effective for all periods presented:
Pro Forma (Unaudited)
Three Months Ended
Year Ended
Apr 28, 2024
Apr 30, 2023
Jan 28, 2024
Jan 29, 2023
Jan 30, 2022
(In millions, except per share data)
Numerator:
Net income
$14,881 $2,043 $29,760 $4,368 $9,752 
Denominator:
Basic weighted average shares
24,620 24,700 24,690 24,870 24,960 
Dilutive impact of outstanding equity awards
270 200 250 200 390 
Diluted weighted average shares
24,890 24,900 24,940 25,070 25,350 
Net income per share:
Basic (1)
$0.60 $0.08 $1.21 $0.18 $0.39 
Diluted (2)
$0.60 $0.08 $1.19 $0.17 $0.38 
(1) Calculated as net income divided by basic weighted average shares.
(2) Calculated as net income divided by diluted weighted average shares.
On May 22, 2024, we also announced an increase in our quarterly cash dividend by 150% from $0.04 per share to $0.10 per share of common stock. The increased dividend is equivalent to $0.01 per share on a post-Stock Split basis and will be paid on June 28, 2024, to all shareholders of record on June 11, 2024.
v3.24.1.1.u2
Pay vs Performance Disclosure - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Pay vs Performance Disclosure    
Net income $ 14,881 $ 2,043
v3.24.1.1.u2
Insider Trading Arrangements
3 Months Ended
Apr. 28, 2024
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Debora Shoquist [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On March 4, 2024, Debora Shoquist, Executive Vice President, Operations, adopted a Rule 10b5-1 Trading Arrangement for the sale of up to 41,140 shares of our common stock through June 2, 2025.
Name Debora Shoquist
Title Executive Vice President
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 4, 2024
Arrangement Duration 455 days
Aggregate Available 41,140
Jen-Hsun Huang [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On March 14, 2024, Jen-Hsun Huang, President and Chief Executive Officer, adopted a Rule 10b5-1 Trading Arrangement for the sale of up to 600,000 shares of our common stock through March 31, 2025.
Name Jen-Hsun Huang
Title President and Chief Executive Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 14, 2024
Arrangement Duration 382 days
Aggregate Available 600,000
Colette M. Kress [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On March 22, 2024, Colette M. Kress, Executive Vice President and Chief Financial Officer, adopted a Rule 10b5-1 Trading Arrangement for the sale of up to 50,000 shares of our common stock through May 15, 2025.
Name Colette M. Kress
Title Executive Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 22, 2024
Arrangement Duration 419 days
Aggregate Available 50,000
Ajay K. Puri [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On April 12, 2024, Ajay K. Puri, Executive Vice President, Worldwide Field Operations, adopted a Rule 10b5-1 Trading Arrangement for the sale of up to 100,832 shares of our common stock through July 11, 2025.
Name Ajay K. Puri
Title Executive Vice President
Rule 10b5-1 Arrangement Adopted true
Adoption Date April 12, 2024
Arrangement Duration 455 days
Aggregate Available 100,832
v3.24.1.1.u2
Summary of Significant Accounting Policies (Policies)
3 Months Ended
Apr. 28, 2024
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America, or U.S. GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission, or SEC, Regulation S-X. The January 28, 2024 consolidated balance sheet was derived from our audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 28, 2024, as filed with the SEC, but does not include all disclosures required by U.S. GAAP. In the opinion of management, all adjustments, consisting only of normal recurring adjustments considered necessary for a fair statement of results of operations and financial position, have been included. The results for the interim periods presented are not necessarily indicative of the results expected for any future period. The following information should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 28, 2024.
Fiscal Year
Fiscal Year
We operate on a 52- or 53-week year, ending on the last Sunday in January. Fiscal years 2025 and 2024 are both 52-week years. The first quarters of fiscal years 2025 and 2024 were both 13-week quarters.
Principles of Consolidation
Principles of Consolidation
Our condensed consolidated financial statements include the accounts of NVIDIA Corporation and our wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from our estimates. On an on-going basis, we evaluate our estimates, including those related to revenue recognition, cash equivalents and marketable securities, accounts receivable, inventories and product purchase commitments, income taxes, goodwill, stock-based compensation, litigation, investigation and settlement costs, property, plant, and equipment, and other contingencies. These estimates are based on historical facts and various other assumptions that we believe are reasonable.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
Recent Accounting Pronouncements Not Yet Adopted
In November 2023, the Financial Accounting Standards Board, or FASB, issued a new accounting standard to provide for additional disclosures about significant expenses in operating segments. The standard is effective for our annual reporting starting with fiscal year 2025 and for interim period reporting starting in fiscal year 2026 retrospectively. We are currently evaluating the impact of this standard on our Consolidated Financial Statements.
In December 2023, the FASB issued a new accounting standard which provides for new and updated income tax disclosures, including disaggregation of rate reconciliation and income taxes paid. The standard is effective for annual periods beginning after December 15, 2024. Early adoption is permitted and should be applied prospectively, with retrospective application permitted. We expect to adopt this standard in our annual reporting starting with fiscal year 2026. We are currently evaluating the impact of this standard on our Consolidated Financial Statements
v3.24.1.1.u2
Leases (Tables)
3 Months Ended
Apr. 28, 2024
Leases [Abstract]  
Schedule of Future Minimum Lease Payments
Future minimum lease payments under our non-cancelable operating leases as of April 28, 2024 were as follows:
Operating Lease Obligations
 (In millions)
Fiscal Year: 
2025 (excluding first quarter of fiscal year 2025)
$221 
2026306 
2027290 
2028270 
2029236 
2030 and thereafter
410 
Total1,733 
Less imputed interest206 
Present value of net future minimum lease payments1,527 
Less short-term operating lease liabilities246 
Long-term operating lease liabilities$1,281 
Schedule of Other Information Related to Leases
Other information related to leases was as follows:
Three Months Ended
Apr 28, 2024Apr 30, 2023
 (In millions)
Supplemental cash flows information 
Operating cash flows used for operating leases$69 $61 
Operating lease assets obtained in exchange for lease obligations250 106 
v3.24.1.1.u2
Stock-Based Compensation (Tables)
3 Months Ended
Apr. 28, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense, Net of Amounts Capitalized as Inventory
Our Condensed Consolidated Statements of Income include stock-based compensation expense, net of amounts capitalized into inventory and subsequently recognized to cost of revenue, as follows:
 Three Months Ended
 Apr 28, 2024Apr 30, 2023
(In millions)
Cost of revenue$36 $27 
Research and development727 524 
Sales, general and administrative248 184 
Total$1,011 $735 
Schedule of Equity Awards
The following is a summary of our equity award transactions under our equity incentive plans:
RSUs, PSUs, and Market-based PSUs Outstanding
 Number of SharesWeighted Average Grant-Date Fair Value Per Share
(In millions, except per share data)
Balances, Jan 28, 202437 $245.94 
Granted$801.79 
Vested(6)$176.59 
Balances, Apr 28, 202438 $361.45 
v3.24.1.1.u2
Net Income Per Share (Tables)
3 Months Ended
Apr. 28, 2024
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted net Income Per Share Computations
The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented:
 Three Months Ended
Apr 28, 2024Apr 30, 2023
 (In millions, except per share data)
Numerator:  
Net income$14,881 $2,043 
Denominator:
Basic weighted average shares2,462 2,470 
Dilutive impact of outstanding equity awards27 20 
Diluted weighted average shares2,489 2,490 
Net income per share:
Basic (1)$6.04 $0.83 
Diluted (2)$5.98 $0.82 
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive
(1)    Calculated as net income divided by basic weighted average shares.
(2)    Calculated as net income divided by diluted weighted average shares.
The following table reflects basic and diluted weighted average shares and net income per share on an unaudited pro forma basis giving effect to the Stock Split as if it had been effective for all periods presented:
Pro Forma (Unaudited)
Three Months Ended
Year Ended
Apr 28, 2024
Apr 30, 2023
Jan 28, 2024
Jan 29, 2023
Jan 30, 2022
(In millions, except per share data)
Numerator:
Net income
$14,881 $2,043 $29,760 $4,368 $9,752 
Denominator:
Basic weighted average shares
24,620 24,700 24,690 24,870 24,960 
Dilutive impact of outstanding equity awards
270 200 250 200 390 
Diluted weighted average shares
24,890 24,900 24,940 25,070 25,350 
Net income per share:
Basic (1)
$0.60 $0.08 $1.21 $0.18 $0.39 
Diluted (2)
$0.60 $0.08 $1.19 $0.17 $0.38 
(1) Calculated as net income divided by basic weighted average shares.
(2) Calculated as net income divided by diluted weighted average shares.
v3.24.1.1.u2
Cash Equivalents and Marketable Securities (Tables)
3 Months Ended
Apr. 28, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash Equivalents and Marketable Securities
The following is a summary of cash equivalents and marketable securities:
 Apr 28, 2024
Amortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Corporate debt securities$11,397 $$(43)$11,357 $733 $10,624 
Debt securities issued by the U.S. Treasury11,314 — (62)11,252 886 10,366 
Money market funds5,374 — — 5,374 5,374 — 
Debt securities issued by U.S. government agencies2,826 — (7)2,819 189 2,630 
Certificates of deposit286 — — 286 69 217 
Foreign government bonds14 — — 14 — 14 
Total$31,211 $$(112)$31,102 $7,251 $23,851 
 Jan 28, 2024
Amortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Corporate debt securities$10,126 $31 $(5)$10,152 $2,231 $7,921 
Debt securities issued by the U.S. Treasury9,517 17 (10)9,524 1,315 8,209 
Money market funds3,031 — — 3,031 3,031 — 
Debt securities issued by U.S. government agencies2,326 (1)2,333 89 2,244 
Certificates of deposit510 — — 510 294 216 
Foreign government bonds174 — — 174 60 114 
Total$25,684 $56 $(16)$25,724 $7,020 $18,704 
The amortized cost and estimated fair value of cash equivalents and marketable securities are shown below by contractual maturity.
Apr 28, 2024Jan 28, 2024
Amortized CostEstimated Fair ValueAmortized CostEstimated Fair Value
(In millions)
Less than one year$16,811 $16,800 $16,336 $16,329 
Due in 1 - 5 years14,400 14,302 9,348 9,395 
Total$31,211 $31,102 $25,684 $25,724 
Schedule of Investments in a Continuous Unrealized Loss Position
The following tables provide the breakdown of unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position:
Apr 28, 2024
 Less than 12 Months12 Months or GreaterTotal
 Estimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized Loss
 (In millions)
Debt securities issued by the U.S. Treasury$9,720 $(60)$756 $(2)$10,476 $(62)
Corporate debt securities6,943 (42)188 (1)7,131 (43)
Debt securities issued by U.S. government agencies2,391 (7)— — 2,391 (7)
Total$19,054 $(109)$944 $(3)$19,998 $(112)
Jan 28, 2024
 Less than 12 Months12 Months or GreaterTotal
 Estimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized Loss
 (In millions)
Debt securities issued by the U.S. Treasury$3,343 $(5)$1,078 $(5)$4,421 $(10)
Corporate debt securities1,306 (3)618 (2)1,924 (5)
Debt securities issued by U.S. government agencies670 (1)— — 670 (1)
Total$5,319 $(9)$1,696 $(7)$7,015 $(16)
v3.24.1.1.u2
Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities (Tables)
3 Months Ended
Apr. 28, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets and Liabilities
Pricing CategoryFair Value at
Apr 28, 2024Jan 28, 2024
(In millions)
Assets
Cash equivalents and marketable securities:
Money market fundsLevel 1$5,374 $3,031 
Corporate debt securitiesLevel 2$11,357 $10,152 
Debt securities issued by the U.S. TreasuryLevel 2$11,252 $9,524 
Debt securities issued by U.S. government agenciesLevel 2$2,819 $2,333 
Certificates of depositLevel 2$286 $510 
Foreign government bondsLevel 2$14 $174 
Other assets (Investments in non-affiliated entities):
Publicly-held equity securitiesLevel 1$287 $225 
Liabilities (1)
0.584% Notes Due 2024
Level 2$1,242 $1,228 
3.20% Notes Due 2026
Level 2$960 $970 
1.55% Notes Due 2028
Level 2$1,096 $1,115 
2.85% Notes Due 2030
Level 2$1,331 $1,367 
2.00% Notes Due 2031
Level 2$1,026 $1,057 
3.50% Notes Due 2040
Level 2$805 $851 
3.50% Notes Due 2050
Level 2$1,487 $1,604 
3.70% Notes Due 2060
Level 2$368 $403 

(1)    These liabilities are carried on our Condensed Consolidated Balance Sheets at their original issuance value, net of unamortized debt discount and issuance costs.
Schedule of Equity Securities without Readily Determinable Fair Value
Adjustments to the carrying value of our non-marketable equity securities during the first quarter of fiscal years 2025 and 2024 were as follows:
Apr 28, 2024Apr 30, 2023
(In millions)
Balance at beginning of period$1,321 $288 
Adjustments related to non-marketable equity securities:
Net additions127 221 
Unrealized gains15 — 
Impairments and unrealized losses— (13)
Balance at end of period$1,463 $496 
The following table summarizes the cumulative gross unrealized gains, losses and impairments related to non-marketable equity securities:
Apr 28, 2024
(In millions)
Cumulative gross unrealized gains$285 
Cumulative gross impairments and unrealized losses(45)
v3.24.1.1.u2
Amortizable Intangible Assets and Goodwill (Tables)
3 Months Ended
Apr. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of the Components of Our Amortizable Intangible Assets
The components of our amortizable intangible assets are as follows:
 Apr 28, 2024Jan 28, 2024
 Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
 (In millions)
Acquisition-related intangible assets$2,648 $(1,844)$804 $2,642 $(1,720)$922 
Patents and licensed technology442 (260)182 449 (259)190 
Total intangible assets$3,090 $(2,104)$986 $3,091 $(1,979)$1,112 
Schedule of Finite-Lived Intangible Assets, Amortization Expense
The following table outlines the estimated amortization expense related to the net carrying amount of intangible assets as of April 28, 2024:
Future Amortization Expense
 (In millions)
Fiscal Year: 
2025 (excluding first quarter of fiscal year 2025)
$418 
2026267 
2027155 
202837 
2029
2030 and thereafter100 
Total$986 
v3.24.1.1.u2
Balance Sheet Components (Tables)
3 Months Ended
Apr. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Certain balance sheet components are as follows:
 Apr 28, 2024Jan 28, 2024
Inventories (1):(In millions)
Raw materials$1,991 $1,719 
Work in process1,625 1,505 
Finished goods2,248 2,058 
Total inventories$5,864 $5,282 
(1)    During the first quarter of fiscal years 2025 and 2024, we recorded an inventory provision of $210 million and $105 million, respectively, in cost of revenue.
Schedule of Other Assets
 Apr 28, 2024Jan 28, 2024
Other Assets:(In millions)
Prepaid supply and capacity agreements (1)$2,232 $2,458 
Investments in non-affiliated entities1,750 1,546 
Prepaid royalties358 364 
Other228 132 
Total other assets$4,568 $4,500 
(1)    As of April 28, 2024 and January 28, 2024, there were an additional $3.3 billion and $2.5 billion of short-term prepaid supply and capacity agreements included in Prepaid expenses and other current assets, respectively.
Schedule of Accrued and Other Current Liabilities
 Apr 28, 2024Jan 28, 2024
Accrued and Other Current Liabilities:(In millions)
Taxes payable (1)$3,881 $296 
Customer program accruals2,744 2,081 
Excess inventory purchase obligations (2)1,684 1,655 
Deferred revenue (3)845 764 
Product warranty and return provisions643 415 
Accrued payroll and related expenses639 675 
Unsettled share repurchases262 187 
Operating leases246 228 
Licenses and royalties164 182 
Other150 199 
Total accrued and other current liabilities$11,258 $6,682 
(1)    We did not make any estimated federal or state tax payments in the first quarter and expect our cash taxes to substantially increase in the second quarter as we will make two federal and state estimated tax payments.

(2)    During the first quarter of fiscal years 2025 and 2024, we recorded an expense of approximately $183 million and $29 million, respectively, in cost of revenue for inventory purchase obligations in excess of our current demand projections, supplier charges, and penalties related to cancellations and underutilization.

(3)    Deferred revenue primarily includes customer advances and deferrals related to hardware support, software support, cloud services, and license and development arrangements. $274 million and $233 million of the balance in the first quarter of fiscal year 2025 and in fiscal year 2024, respectively, were related to customer advances.
Schedule of Other Long-term Liabilities
 Apr 28, 2024Jan 28, 2024
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$1,553 $1,361 
Deferred revenue (2)704 573 
Deferred income tax583 462 
Licenses payable60 80 
Other66 65 
Total other long-term liabilities$2,966 $2,541 
(1)    Income tax payable is comprised of the long-term portion of the one-time transition tax payable, unrecognized tax benefits, and related interest and penalties.

(2)    Deferred revenue primarily includes deferrals related to hardware support and software support.
Schedule of Changes in Deferred Revenue
The following table shows the changes in short and long term deferred revenue during the first quarter of fiscal years 2025 and 2024:
 Apr 28, 2024Apr 30, 2023
(In millions)
Balance at beginning of period$1,337 $572 
Deferred revenue additions during the period553 287 
Revenue recognized during the period(341)(262)
Balance at end of period$1,549 $597 
v3.24.1.1.u2
Derivative Financial Instruments (Tables)
3 Months Ended
Apr. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Value of Our Foreign Currency Contracts Outstanding
The table below presents the notional value of our foreign currency contracts outstanding:
 Apr 28, 2024Jan 28, 2024
(In millions)
Designated as cash flow hedges$1,198 $1,168 
Non-designated hedges$704 $597 
v3.24.1.1.u2
Debt (Tables)
3 Months Ended
Apr. 28, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Expected
Remaining Term (years)
Effective
Interest Rate
Carrying Value at
Apr 28, 2024Jan 28, 2024
(In millions)
0.584% Notes Due 2024
0.10.66%1,250 1,250 
3.20% Notes Due 2026
2.43.31%1,000 1,000 
1.55% Notes Due 2028
4.11.64%1,250 1,250 
2.85% Notes Due 2030
5.92.93%1,500 1,500 
2.00% Notes Due 2031
7.12.09%1,250 1,250 
3.50% Notes Due 2040
15.93.54%1,000 1,000 
3.50% Notes Due 2050
25.93.54%2,000 2,000 
3.70% Notes Due 2060
36.03.73%500 500 
Unamortized debt discount and issuance costs(40)(41)
Net carrying amount9,710 9,709 
Less short-term portion(1,250)(1,250)
Total long-term portion$8,460 $8,459 
v3.24.1.1.u2
Commitments and Contingencies (Tables)
3 Months Ended
Apr. 28, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Purchase Obligation, Fiscal Year Maturity
Total future purchase commitments as of April 28, 2024 are as follows:
Commitments
 (In millions)
Fiscal Year: 
2025 (excluding first quarter of fiscal year 2025)
$19,306 
20263,438 
20272,573 
20282,222 
20291,585 
2030 and thereafter
249 
Total$29,373 
Schedule of Product Warranty Activity The estimated product returns and product warranty activity consisted of the following:
Three Months Ended
Apr 28, 2024Apr 30, 2023
(In millions)
Balance at beginning of period$306 $82 
Additions234 13 
Utilization(8)(18)
Balance at end of period$532 $77 
v3.24.1.1.u2
Segment Information (Tables)
3 Months Ended
Apr. 28, 2024
Segment Reporting [Abstract]  
Schedule of Reportable Segments The table below presents details of our reportable segments and the “All Other” category.
 Compute & NetworkingGraphicsAll OtherConsolidated
 (In millions)
Three Months Ended Apr 28, 2024
    
Revenue$22,675 $3,369 $— $26,044 
Operating income (loss)$17,047 $1,241 $(1,379)$16,909 
Three Months Ended Apr 30, 2023
    
Revenue$4,460 $2,732 $— $7,192 
Operating income (loss)$2,160 $1,046 $(1,066)$2,140 
Three Months Ended
Apr 28, 2024Apr 30, 2023
(In millions)
Reconciling items included in "All Other" category:
Stock-based compensation expense$(1,011)$(735)
Unallocated cost of revenue and operating expenses (229)(154)
Acquisition-related and other costs(140)(173)
Other(4)
Total$(1,379)$(1,066)
Schedule of Revenue by Geographic Regions Revenue by geographic areas was as follows:
 Three Months Ended
 Apr 28, 2024Apr 30, 2023
 (In millions)
Revenue:  
United States$13,496 $2,385 
Taiwan4,373 1,796 
Singapore4,037 762 
China (including Hong Kong)2,491 1,590 
Other countries1,647 659 
Total revenue$26,044 $7,192 
Schedule of Revenue by Specialized Markets
The following table summarizes information pertaining to our revenue by each of the specialized markets we serve:
 Three Months Ended
 Apr 28, 2024Apr 30, 2023
 (In millions)
Revenue:  
Data Center$22,563 $4,284 
Compute19,392 3,357 
Networking3,171 927 
Gaming2,647 2,240 
Professional Visualization427 295 
Automotive329 296 
OEM and Other78 77 
Total revenue$26,044 $7,192 
v3.24.1.1.u2
Subsequent Events (Tables)
3 Months Ended
Apr. 28, 2024
Subsequent Events [Abstract]  
Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted net Income Per Share Computations
The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented:
 Three Months Ended
Apr 28, 2024Apr 30, 2023
 (In millions, except per share data)
Numerator:  
Net income$14,881 $2,043 
Denominator:
Basic weighted average shares2,462 2,470 
Dilutive impact of outstanding equity awards27 20 
Diluted weighted average shares2,489 2,490 
Net income per share:
Basic (1)$6.04 $0.83 
Diluted (2)$5.98 $0.82 
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive
(1)    Calculated as net income divided by basic weighted average shares.
(2)    Calculated as net income divided by diluted weighted average shares.
The following table reflects basic and diluted weighted average shares and net income per share on an unaudited pro forma basis giving effect to the Stock Split as if it had been effective for all periods presented:
Pro Forma (Unaudited)
Three Months Ended
Year Ended
Apr 28, 2024
Apr 30, 2023
Jan 28, 2024
Jan 29, 2023
Jan 30, 2022
(In millions, except per share data)
Numerator:
Net income
$14,881 $2,043 $29,760 $4,368 $9,752 
Denominator:
Basic weighted average shares
24,620 24,700 24,690 24,870 24,960 
Dilutive impact of outstanding equity awards
270 200 250 200 390 
Diluted weighted average shares
24,890 24,900 24,940 25,070 25,350 
Net income per share:
Basic (1)
$0.60 $0.08 $1.21 $0.18 $0.39 
Diluted (2)
$0.60 $0.08 $1.19 $0.17 $0.38 
(1) Calculated as net income divided by basic weighted average shares.
(2) Calculated as net income divided by diluted weighted average shares.
v3.24.1.1.u2
Leases - Schedule of Future Minimum Payments (Details) - USD ($)
$ in Millions
Apr. 28, 2024
Jan. 28, 2024
Leases [Abstract]    
2025 (excluding first quarter of fiscal year 2025) $ 221  
2026 306  
2027 290  
2028 270  
2029 236  
2030 and thereafter 410  
Total 1,733  
Less imputed interest 206  
Present value of net future minimum lease payments 1,527  
Less short-term operating lease liabilities 246 $ 228
Long-term operating lease liabilities $ 1,281 $ 1,119
v3.24.1.1.u2
Leases - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Jan. 28, 2024
Lessee, Lease, Description [Line Items]      
Operating lease, not yet commenced, amount $ 923    
Operating lease expense $ 80 $ 59  
Weighted average remaining lease term - operating leases 6 years 3 months 18 days   6 years 1 month 6 days
Weighted average discount rate - operating leases (percent) 3.89%   3.76%
Minimum      
Lessee, Lease, Description [Line Items]      
Lease not yet commenced, term of contract 2 years    
Maximum      
Lessee, Lease, Description [Line Items]      
Lease not yet commenced, term of contract 11 years    
v3.24.1.1.u2
Leases - Schedule of Other Lease Information (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Supplemental disclosure of cash flow information:    
Operating cash flows used for operating leases $ 69 $ 61
Operating lease assets obtained in exchange for lease obligations $ 250 $ 106
v3.24.1.1.u2
Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Share-based Compensation    
Stock-based compensation expense $ 1,011 $ 735
Cost of revenue    
Share-based Compensation    
Stock-based compensation expense 36 27
Research and development    
Share-based Compensation    
Stock-based compensation expense 727 524
Sales, general and administrative    
Share-based Compensation    
Stock-based compensation expense $ 248 $ 184
v3.24.1.1.u2
Stock-Based Compensation - Schedule of Equity Awards (Details) - RSUs, PSUs, and Market-based PSUs
shares in Millions
3 Months Ended
Apr. 28, 2024
$ / shares
shares
Number of Shares  
Outstanding, beginning balance (in shares) | shares 37
Granted (in shares) | shares 7
Vested (in shares) | shares (6)
Outstanding, ending balance (in shares) | shares 38
Weighted Average Grant-Date Fair Value Per Share  
Weighted average grant date fair value, beginning balance (in dollars per share) | $ / shares $ 245.94
Weighted average grant date fair value, granted (in dollars per share) | $ / shares 801.79
Weighted average grant date fair value, Vested (in dollars per share) | $ / shares 176.59
Weighted average grant date fair value, ending balance (in dollars per share) | $ / shares $ 361.45
v3.24.1.1.u2
Stock-Based Compensation - Narrative (Details)
$ in Billions
3 Months Ended
Apr. 28, 2024
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unearned stock-based compensation expense $ 13.2
RSUs, PSUs, and Market-based PSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Estimated weighted average amortization period 2 years 7 months 6 days
Employee Stock Purchase Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Estimated weighted average amortization period 9 months 18 days
v3.24.1.1.u2
Net Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Numerator:    
Net income $ 14,881 $ 2,043
Denominator:    
Basic weighted average shares (in shares) 2,462 2,470
Dilutive impact of outstanding equity awards (in shares) 27 20
Diluted weighted average shares (in shares) 2,489 2,490
Net income per share:    
Basic (in dollars per share) $ 6.04 $ 0.83
Diluted (in dollars per share) $ 5.98 $ 0.82
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive (in shares) 6 4
v3.24.1.1.u2
Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Income Tax Disclosure [Abstract]    
Income tax expense $ 2,398 $ 166
Tax expense (benefit) as a percentage of income before income tax (percent) 13.90% 7.50%
v3.24.1.1.u2
Cash Equivalents and Marketable Securities - Schedule of Securities (Details) - USD ($)
$ in Millions
Apr. 28, 2024
Jan. 28, 2024
Summary of cash equivalents and marketable securities:    
Amortized Cost $ 31,211 $ 25,684
Unrealized Gain 3 56
Unrealized Loss (112) (16)
Estimated Fair Value 31,102 25,724
Cash Equivalents 7,251 7,020
Marketable Securities 23,851 18,704
Corporate debt securities    
Summary of cash equivalents and marketable securities:    
Amortized Cost 11,397 10,126
Unrealized Gain 3 31
Unrealized Loss (43) (5)
Estimated Fair Value 11,357 10,152
Cash Equivalents 733 2,231
Marketable Securities 10,624 7,921
Debt securities issued by the U.S. Treasury    
Summary of cash equivalents and marketable securities:    
Amortized Cost 11,314 9,517
Unrealized Gain 0 17
Unrealized Loss (62) (10)
Estimated Fair Value 11,252 9,524
Cash Equivalents 886 1,315
Marketable Securities 10,366 8,209
Money market funds    
Summary of cash equivalents and marketable securities:    
Amortized Cost 5,374 3,031
Unrealized Gain 0 0
Unrealized Loss 0 0
Estimated Fair Value 5,374 3,031
Cash Equivalents 5,374 3,031
Marketable Securities 0 0
Debt securities issued by U.S. government agencies    
Summary of cash equivalents and marketable securities:    
Amortized Cost 2,826 2,326
Unrealized Gain 0 8
Unrealized Loss (7) (1)
Estimated Fair Value 2,819 2,333
Cash Equivalents 189 89
Marketable Securities 2,630 2,244
Certificates of deposit    
Summary of cash equivalents and marketable securities:    
Amortized Cost 286 510
Unrealized Gain 0 0
Unrealized Loss 0 0
Estimated Fair Value 286 510
Cash Equivalents 69 294
Marketable Securities 217 216
Foreign government bonds    
Summary of cash equivalents and marketable securities:    
Amortized Cost 14 174
Unrealized Gain 0 0
Unrealized Loss 0 0
Estimated Fair Value 14 174
Cash Equivalents 0 60
Marketable Securities $ 14 $ 114
v3.24.1.1.u2
Cash Equivalents and Marketable Securities - Schedule of Unrealized Losses Aggregated by Investment Category (Details) - USD ($)
$ in Millions
Apr. 28, 2024
Jan. 28, 2024
Estimated Fair Value    
Less than 12 Months $ 19,054 $ 5,319
12 Months or Greater 944 1,696
Total 19,998 7,015
Gross Unrealized Loss    
Less than 12 Months (109) (9)
12 Months or Greater (3) (7)
Total (112) (16)
Debt securities issued by the U.S. Treasury    
Estimated Fair Value    
Less than 12 Months 9,720 3,343
12 Months or Greater 756 1,078
Total 10,476 4,421
Gross Unrealized Loss    
Less than 12 Months (60) (5)
12 Months or Greater (2) (5)
Total (62) (10)
Corporate debt securities    
Estimated Fair Value    
Less than 12 Months 6,943 1,306
12 Months or Greater 188 618
Total 7,131 1,924
Gross Unrealized Loss    
Less than 12 Months (42) (3)
12 Months or Greater (1) (2)
Total (43) (5)
Debt securities issued by U.S. government agencies    
Estimated Fair Value    
Less than 12 Months 2,391 670
12 Months or Greater 0 0
Total 2,391 670
Gross Unrealized Loss    
Less than 12 Months (7) (1)
12 Months or Greater 0 0
Total $ (7) $ (1)
v3.24.1.1.u2
Cash Equivalents and Marketable Securities - Schedule of Amortized Cost and Estimated Fair Value of Cash Equivalents and Marketable Securities (Details) - USD ($)
$ in Millions
Apr. 28, 2024
Jan. 28, 2024
Amortized Cost    
Less than one year $ 16,811 $ 16,336
Due in 1 - 5 years 14,400 9,348
Amortized Cost 31,211 25,684
Estimated Fair Value    
Less than one year 16,800 16,329
Due in 1 - 5 years 14,302 9,395
Estimated Fair Value $ 31,102 $ 25,724
v3.24.1.1.u2
Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities - Schedule of Fair Value of Financial Assets and Liabilities (Details) - USD ($)
$ in Millions
Apr. 28, 2024
Jan. 28, 2024
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities $ 31,102 $ 25,724
Other assets (Investments in non-affiliated entities):    
Investments in non-affiliated entities $ 1,750 1,546
0.584% Notes Due 2024 | Notes Payable    
Liabilities    
Stated interest rate (percent) 0.584%  
3.20% Notes Due 2026 | Notes Payable    
Liabilities    
Stated interest rate (percent) 3.20%  
1.55% Notes Due 2028 | Notes Payable    
Liabilities    
Stated interest rate (percent) 1.55%  
2.85% Notes Due 2030 | Notes Payable    
Liabilities    
Stated interest rate (percent) 2.85%  
2.00% Notes Due 2031 | Notes Payable    
Liabilities    
Stated interest rate (percent) 2.00%  
3.50% Notes Due 2040 | Notes Payable    
Liabilities    
Stated interest rate (percent) 3.50%  
3.50% Notes Due 2050 | Notes Payable    
Liabilities    
Stated interest rate (percent) 3.50%  
3.70% Notes Due 2060 | Notes Payable    
Liabilities    
Stated interest rate (percent) 3.70%  
Money market funds    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities $ 5,374 3,031
Corporate debt securities    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 11,357 10,152
Debt securities issued by the U.S. Treasury    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 11,252 9,524
Debt securities issued by U.S. government agencies    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 2,819 2,333
Certificates of deposit    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 286 510
Foreign government bonds    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 14 174
Level 1 | Money market funds    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 5,374 3,031
Level 1 | Publicly-held equity securities    
Other assets (Investments in non-affiliated entities):    
Investments in non-affiliated entities 287 225
Level 2 | 0.584% Notes Due 2024 | Notes Payable    
Liabilities    
Notes 1,242 1,228
Level 2 | 3.20% Notes Due 2026 | Notes Payable    
Liabilities    
Notes 960 970
Level 2 | 1.55% Notes Due 2028 | Notes Payable    
Liabilities    
Notes 1,096 1,115
Level 2 | 2.85% Notes Due 2030 | Notes Payable    
Liabilities    
Notes 1,331 1,367
Level 2 | 2.00% Notes Due 2031 | Notes Payable    
Liabilities    
Notes 1,026 1,057
Level 2 | 3.50% Notes Due 2040 | Notes Payable    
Liabilities    
Notes 805 851
Level 2 | 3.50% Notes Due 2050 | Notes Payable    
Liabilities    
Notes 1,487 1,604
Level 2 | 3.70% Notes Due 2060 | Notes Payable    
Liabilities    
Notes 368 403
Level 2 | Corporate debt securities    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 11,357 10,152
Level 2 | Debt securities issued by the U.S. Treasury    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 11,252 9,524
Level 2 | Debt securities issued by U.S. government agencies    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 2,819 2,333
Level 2 | Certificates of deposit    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 286 510
Level 2 | Foreign government bonds    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities $ 14 $ 174
v3.24.1.1.u2
Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities - Narrative (Details) - USD ($)
$ in Millions
Apr. 28, 2024
Jan. 28, 2024
Financial assets and liabilities measured at fair value:    
Investments in non-affiliated entities $ 1,750 $ 1,546
Privately-held equity securities | Level 3    
Financial assets and liabilities measured at fair value:    
Investments in non-affiliated entities $ 1,500 $ 1,300
v3.24.1.1.u2
Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities - Schedule of Carrying Value of Non-marketable Equity Securities (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Investments, Debt and Equity Securities [Abstract]    
Carrying amount, beginning $ 1,321 $ 288
Net additions 127 221
Unrealized gains 15 0
Impairments and unrealized losses 0 (13)
Balance at end of period $ 1,463 $ 496
v3.24.1.1.u2
Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities - Schedule of Cumulative Gross (Details)
$ in Millions
Apr. 28, 2024
USD ($)
Investments, Debt and Equity Securities [Abstract]  
Cumulative gross unrealized gains $ 285
Cumulative gross impairments and unrealized losses $ (45)
v3.24.1.1.u2
Amortizable Intangible Assets and Goodwill (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Jan. 28, 2024
Amortizable intangible assets components      
Gross Carrying Amount $ 3,090   $ 3,091
Accumulated Amortization (2,104)   (1,979)
Net Carrying Amount 986   1,112
Amortization expense 143 $ 181  
Increase in carrying amount of goodwill 23    
Amortization expense associated with intangible assets      
2025 (excluding first quarter of fiscal year 2025) 418    
2026 267    
2027 155    
2028 37    
2029 9    
2030 and thereafter 100    
Net Carrying Amount 986   1,112
Acquisition-related intangible assets      
Amortizable intangible assets components      
Gross Carrying Amount 2,648   2,642
Accumulated Amortization (1,844)   (1,720)
Net Carrying Amount 804   922
Amortization expense associated with intangible assets      
Net Carrying Amount 804   922
Patents and licensed technology      
Amortizable intangible assets components      
Gross Carrying Amount 442   449
Accumulated Amortization (260)   (259)
Net Carrying Amount 182   190
Amortization expense associated with intangible assets      
Net Carrying Amount $ 182   $ 190
v3.24.1.1.u2
Balance Sheet Components - Narrative (Details) - Accounts Receivable - Customer Concentration Risk
3 Months Ended 12 Months Ended
Apr. 28, 2024
Jan. 28, 2024
Customer One    
Supply Commitment [Line Items]    
Concentration risk (as percent) 16.00% 24.00%
Customers Two    
Supply Commitment [Line Items]    
Concentration risk (as percent) 15.00% 11.00%
v3.24.1.1.u2
Balance Sheet Components - Schedule of Inventory (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Jan. 28, 2024
Inventories      
Raw materials $ 1,991   $ 1,719
Work in process 1,625   1,505
Finished goods 2,248   2,058
Total inventories 5,864   $ 5,282
Inventory reserve expense $ 210 $ 105  
v3.24.1.1.u2
Balance Sheet Components - Schedule of Other Assets (Details) - USD ($)
$ in Millions
Apr. 28, 2024
Jan. 28, 2024
Other Assets:    
Prepaid supply and capacity agreements $ 2,232 $ 2,458
Investments in non-affiliated entities 1,750 1,546
Prepaid royalties 358 364
Other 228 132
Total other assets 4,568 4,500
Prepaid expenses and other current assets 4,062 3,080
Supply and Capacity Agreements    
Other Assets:    
Prepaid expenses and other current assets $ 3,300 $ 2,500
v3.24.1.1.u2
Balance Sheet Components - Schedule of Accrued and Other Current Liabilities (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Jan. 28, 2024
Accrued and Other Current Liabilities:      
Taxes payable (1) $ 3,881   $ 296
Customer program accruals 2,744   2,081
Excess inventory purchase obligations 1,684   1,655
Deferred revenue 845   764
Product warranty and return provisions 643   415
Accrued payroll and related expenses 639   675
Unsettled share repurchases $ 262   $ 187
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Total accrued and other current liabilities   Total accrued and other current liabilities
Operating leases $ 246   $ 228
Licenses and royalties 164   182
Other 150   199
Total accrued and other current liabilities 11,258   6,682
Cost of revenue 5,638 $ 2,544  
Inventory Purchase Obligations In Excess Of Projections      
Accrued and Other Current Liabilities:      
Cost of revenue 183 $ 29  
Nature Of Expense, Customer Advances      
Accrued and Other Current Liabilities:      
Deferred revenue $ 274   $ 233
v3.24.1.1.u2
Balance Sheet Components - Schedule of Other Long-term Liabilities (Details) - USD ($)
$ in Millions
Apr. 28, 2024
Jan. 28, 2024
Other Long-Term Liabilities:    
Income tax payable $ 1,553 $ 1,361
Deferred revenue 704 573
Deferred income tax 583 462
Licenses payable 60 80
Other 66 65
Total other long-term liabilities $ 2,966 $ 2,541
v3.24.1.1.u2
Balance Sheet Components - Schedule of Changes in Deferred Revenue (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Change in Deferred Revenue    
Balance at beginning of period $ 1,337 $ 572
Deferred revenue additions during the period 553 287
Revenue recognized during the period (341) (262)
Balance at end of period $ 1,549 $ 597
v3.24.1.1.u2
Balance Sheet Components - Revenue Remaining Performance Obligation (Details)
$ in Millions
3 Months Ended
Apr. 28, 2024
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue recognized that was previously included in deferred revenue $ 188
Revenue, remaining performance obligation $ 1,300
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-29  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue, remaining performance obligation (as percent) 38.00%
Expected performance period 12 months
v3.24.1.1.u2
Derivative Financial Instruments - Schedule of Notional Value of Our Foreign Currency Contracts Outstanding (Details) - Foreign currency forward contracts - USD ($)
$ in Millions
Apr. 28, 2024
Jan. 28, 2024
Designated as cash flow hedges    
Derivative [Line Items]    
Notional values of derivative contracts $ 1,198 $ 1,168
Non-designated hedges    
Derivative [Line Items]    
Notional values of derivative contracts $ 704 $ 597
v3.24.1.1.u2
Derivative Financial Instruments - Narrative (Details)
3 Months Ended
Apr. 28, 2024
Foreign currency forward contracts  
Derivative [Line Items]  
Maximum maturity period 18 months
v3.24.1.1.u2
Debt - Schedule of Long-term Debt (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Jan. 28, 2024
Debt Instrument [Line Items]    
Unamortized debt discount and issuance costs $ (40) $ (41)
Net carrying amount 9,710 9,709
Less short-term portion (1,250) (1,250)
Total long-term portion $ 8,460 8,459
0.584% Notes Due 2024 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 0.584%  
Expected Remaining Term (years) 1 month 6 days  
Effective Interest Rate 0.66%  
Gross carrying amount $ 1,250 1,250
3.20% Notes Due 2026 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.20%  
Expected Remaining Term (years) 2 years 4 months 24 days  
Effective Interest Rate 3.31%  
Gross carrying amount $ 1,000 1,000
1.55% Notes Due 2028 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 1.55%  
Expected Remaining Term (years) 4 years 1 month 6 days  
Effective Interest Rate 1.64%  
Gross carrying amount $ 1,250 1,250
2.85% Notes Due 2030 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 2.85%  
Expected Remaining Term (years) 5 years 10 months 24 days  
Effective Interest Rate 2.93%  
Gross carrying amount $ 1,500 1,500
2.00% Notes Due 2031 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 2.00%  
Expected Remaining Term (years) 7 years 1 month 6 days  
Effective Interest Rate 2.09%  
Gross carrying amount $ 1,250 1,250
3.50% Notes Due 2040 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.50%  
Expected Remaining Term (years) 15 years 10 months 24 days  
Effective Interest Rate 3.54%  
Gross carrying amount $ 1,000 1,000
3.50% Notes Due 2050 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.50%  
Expected Remaining Term (years) 25 years 10 months 24 days  
Effective Interest Rate 3.54%  
Gross carrying amount $ 2,000 2,000
3.70% Notes Due 2060 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.70%  
Expected Remaining Term (years) 36 years  
Effective Interest Rate 3.73%  
Gross carrying amount $ 500 $ 500
v3.24.1.1.u2
Debt - Narrative (Details) - Commercial Paper Program - Commercial Paper
Apr. 28, 2024
USD ($)
Debt Instrument [Line Items]  
Current borrowing capacity $ 575,000,000
Outstanding commercial paper $ 0
v3.24.1.1.u2
Commitments and Contingencies - Narrative (Details)
$ in Millions
3 Months Ended
Apr. 05, 2024
brief
Apr. 28, 2024
USD ($)
Jan. 28, 2024
USD ($)
Apr. 30, 2023
USD ($)
Jan. 29, 2023
USD ($)
Other Commitments [Line Items]          
Inventory purchase and long-term supply and capacity obligations   $ 18,800      
Other non-inventory   10,600      
Asset acquisition price under business combination agreements   1,200      
Warranty liability accruals   532 $ 306 $ 77 $ 82
Securities Class Action and Derivative Lawsuits          
Other Commitments [Line Items]          
Number of amicus briefs | brief 4        
Multi-Year Cloud Service Agreements          
Other Commitments [Line Items]          
Other non-inventory   $ 8,800      
v3.24.1.1.u2
Commitments and Contingencies - Schedule of Future Commitments Due by Year (Details)
$ in Millions
Apr. 28, 2024
USD ($)
Fiscal Year:  
2025 (excluding first quarter of fiscal year 2025) $ 19,306
2026 3,438
2027 2,573
2028 2,222
2029 1,585
2030 and thereafter 249
Total $ 29,373
v3.24.1.1.u2
Commitments and Contingencies - Schedule of Product Warranty Liabilities (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]    
Beginning Balance $ 306 $ 82
Additions 234 13
Utilization (8) (18)
Ending Balance $ 532 $ 77
v3.24.1.1.u2
Shareholders' Equity (Details) - USD ($)
shares in Millions, $ in Millions
1 Months Ended 3 Months Ended
May 24, 2024
Apr. 28, 2024
Apr. 30, 2023
Subsequent Event [Line Items]      
Number of shares repurchased (in shares)   9.9 0.0
Shares repurchased   $ 8,035  
Authorized amounts under share repurchase program   14,500  
Dividends paid   $ 98 $ 99
Subsequent Event      
Subsequent Event [Line Items]      
Number of shares repurchased (in shares) 2.3    
Shares repurchased $ 2,100    
v3.24.1.1.u2
Segment Information - Narrative (Details)
3 Months Ended
Apr. 28, 2024
segment
Segment Reporting Information [Line Items]  
Number of reportable segments 2
Revenue | Customer Concentration Risk | Customer A  
Segment Reporting Information [Line Items]  
Concentration risk (as percent) 13.00%
Revenue | Customer Concentration Risk | Customer B  
Segment Reporting Information [Line Items]  
Concentration risk (as percent) 11.00%
v3.24.1.1.u2
Segment Information - Schedule of Segments (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Segment Reporting Information [Line Items]    
Revenue $ 26,044 $ 7,192
Operating income (loss) 16,909 2,140
Operating Segments | Compute & Networking    
Segment Reporting Information [Line Items]    
Revenue 22,675 4,460
Operating income (loss) 17,047 2,160
Operating Segments | Graphics    
Segment Reporting Information [Line Items]    
Revenue 3,369 2,732
Operating income (loss) 1,241 1,046
All Other    
Segment Reporting Information [Line Items]    
Revenue 0 0
Operating income (loss) $ (1,379) $ (1,066)
v3.24.1.1.u2
Segment Information - Schedule of Reconciling Items (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Segment Reporting Information [Line Items]    
Stock-based compensation expense $ (1,011) $ (735)
Operating income 16,909 2,140
All Other    
Segment Reporting Information [Line Items]    
Stock-based compensation expense (1,011) (735)
Unallocated cost of revenue and operating expenses (229) (154)
Acquisition-related and other costs (140) (173)
Other 1 (4)
Operating income $ (1,379) $ (1,066)
v3.24.1.1.u2
Segment Information - Schedule of Revenue by Geographic Regions (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Revenues    
Revenue $ 26,044 $ 7,192
United States    
Revenues    
Revenue 13,496 2,385
Taiwan    
Revenues    
Revenue 4,373 1,796
Singapore    
Revenues    
Revenue 4,037 762
China (including Hong Kong)    
Revenues    
Revenue 2,491 1,590
Other countries    
Revenues    
Revenue $ 1,647 $ 659
v3.24.1.1.u2
Segment Information - Schedule of Revenue by Market (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Revenue from External Customer [Line Items]    
Revenue $ 26,044 $ 7,192
Data Center    
Revenue from External Customer [Line Items]    
Revenue 22,563 4,284
Compute    
Revenue from External Customer [Line Items]    
Revenue 19,392 3,357
Networking    
Revenue from External Customer [Line Items]    
Revenue 3,171 927
Gaming    
Revenue from External Customer [Line Items]    
Revenue 2,647 2,240
Professional Visualization    
Revenue from External Customer [Line Items]    
Revenue 427 295
Automotive    
Revenue from External Customer [Line Items]    
Revenue 329 296
OEM and Other    
Revenue from External Customer [Line Items]    
Revenue $ 78 $ 77
v3.24.1.1.u2
Subsequent Events (Details)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
May 22, 2024
$ / shares
May 21, 2024
$ / shares
Apr. 28, 2024
USD ($)
$ / shares
shares
Apr. 30, 2023
USD ($)
$ / shares
shares
Jan. 28, 2024
USD ($)
$ / shares
shares
Jan. 29, 2023
USD ($)
$ / shares
shares
Jan. 30, 2022
USD ($)
$ / shares
shares
Numerator:              
Net income | $     $ 14,881 $ 2,043      
Denominator:              
Basic weighted average shares (in shares) | shares     2,462 2,470      
Dilutive impact of outstanding equity awards (in shares) | shares     27 20      
Diluted weighted average shares (in shares) | shares     2,489 2,490      
Net income per share:              
Basic (in dollars per share)     $ 6.04 $ 0.83      
Diluted (in dollars per share)     5.98 0.82      
Quarterly common stock cash dividend (in dollars per share)     $ 0.04 $ 0.04      
Subsequent Event              
Subsequent Event [Line Items]              
Stock split ratio 10            
Net income per share:              
Increase in the quarterly cash dividend (percent) 150.00%            
Quarterly common stock cash dividend (in dollars per share) $ 0.10 $ 0.04          
Pro Forma              
Numerator:              
Net income | $     $ 14,881 $ 2,043 $ 29,760 $ 4,368 $ 9,752
Denominator:              
Basic weighted average shares (in shares) | shares     24,620 24,700 24,690 24,870 24,960
Dilutive impact of outstanding equity awards (in shares) | shares     270 200 250 200 390
Diluted weighted average shares (in shares) | shares     24,890 24,900 24,940 25,070 25,350
Net income per share:              
Basic (in dollars per share)     $ 0.60 $ 0.08 $ 1.21 $ 0.18 $ 0.39
Diluted (in dollars per share)     $ 0.60 $ 0.08 $ 1.19 $ 0.17 $ 0.38
Pro Forma | Subsequent Event              
Net income per share:              
Increase in dividend per share on a post-split basis (in dollars per share) $ 0.01