英伟达（NVIDIA）2025 年2月公司概览报告详情

services,andtechnologies,includingBlackwell,andrelatedmattersincludinginventory,productionanddistribution;ourfinancialposition;projectedmarketgrowthandtrends,marketopportunity,demand,andgrowthdrivers;ourfinancialandbusinessoutlook;ourdividendprogram;expectationswithrespecttoNVIDIA’sthirdpartyarrangements,includingwithitscollaboratorsandpartners;thirdpartiesadoptingourproductsandtechnologies;expectationswithrespecttotechnologydevelopmentsandrelatedtrendsanddrivers;expectationswithrespecttoAIandrelatedindustries;oursustainabilitygoals;andotherstatementsthatarenothistoricalfactsareforward-lookingstatements.Theseforward-lookingstatementsandanyotherforward-lookingstatementsthatgobeyondhistoricalfactsthataremadeinthispresentationaresubjecttorisksanduncertaintiesthatmaycauseactualresultstodiffermaterially.Importantfactorsthatcouldcauseactualresultstodiffermateriallyinclude:globaleconomicandpoliticalconditions;NVIDIA’srelianceonthirdpartiestomanufacture,assemble,packageandtestNVIDIA’sproducts;theimpactoftechnologicaldevelopmentandcompetition;developmentofnewproductsandtechnologiesorenhancementstoNVIDIA’sexistingproductandtechnologies;marketacceptanceofNVIDIA’sproductsorNVIDIA’spartners'products;design,manufacturingorsoftwaredefects;changesinconsumerpreferencesanddemands;changesinindustrystandardsandinterfaces;unexpectedlossofperformanceofNVIDIA’sproductsortechnologieswhenintegratedintosystems NVIDIAhasbasedtheseforward-lookingstatementslargelyonitscurrentexpectationsandprojectionsaboutfutureeventsandtrendsthatitbelievesmayaffectitsfinancialcondition,resultsofoperations,businessstrategy,short-termandlong-termbusinessoperationsandobjectives,andfinancialneeds.Theseforward-lookingstatementsaresubjecttoanumberofrisksanduncertainties,andyoushouldnotrelyupontheforward-lookingstatementsaspredictionsoffutureevents.Thefutureeventsandtrendsdiscussedinthispresentationmaynotoccurandactualresultscoulddiffermateriallyandadverselyfromthoseanticipatedorimpliedintheforward-lookingstatements.AlthoughNVIDIAbelievesthattheexpectationsreflectedintheforward-lookingstatementsarereasonable,thecompanycannotguaranteethatfutureresults,levelsofactivity,performance,achievementsoreventsandcircumstancesreflectedinthe forward-looking statements will occur.Except as required by law,NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events orcircumstances.ForacompletediscussionoffactorsthatcouldmateriallyaffectNVIDIA’sfinancialresultsandoperations,pleaserefertothereportswefilefromtimetotimewiththeSEC,includingNVIDIA’smostrecentAnnualReportonForm10-K,QuarterlyReportsonForm10-Q,andCurrentReportsonForm8-K.CopiesofreportswefilewiththeSECarepostedonNVIDIA’swebsiteandareavailablefromNVIDIAwithoutcharge Manyoftheproductsandfeaturesdescribedhereinremaininvariousstagesandwillbeofferedonawhen-and-if-availablebasis.Thestatementswithinarenotintendedtobe,andshouldnotbeinterpretedasacommitment,promise,orlegalobligation,andthedevelopment,release,andtimingofanyfeaturesorfunctionalitiesdescribedforourproductsissubjecttochangeandremainsatthesolediscretionofNVIDIA.NVIDIAwillhavenoliabilityforfailuretodeliverordelayinthedeliveryofanyoftheproducts,featuresorfunctionssetforthherein.NVIDIAusescertainnon-GAAPmeasuresinthispresentationincludingnon-GAAPoperatingincome,non-GAAPoperatingmargin,andfreecashflow.NVIDIAbelievesthepresentationofitsnon-GAAP financial measuresenhances investors'overall understandingof the company'shistoricalfinancial performance.The presentation of the company's non-GAAPfinancialmeasuresisnotmeanttobeconsideredinisolationorasasubstituteforthecompany'sfinancialresultspreparedinaccordancewithGAAP,andthecompany'snon-GAAPmeasuresmaybedifferentfromnon-GAAPmeasuresusedbyothercompanies.Furtherinformationrelevanttotheinterpretationofnon-GAAPfinancialmeasures,andreconciliationsofthesenon-GAAPfinancialmeasurestothemostcomparableGAAPmeasures,maybefoundintheslidetitled“ReconciliationofNon-GAAPtoGAAPFinancialMeasures.” Data center scale innovation across chips, networking, systems, software, and algorithms A full-stack approach: silicon, systems, softwareAmdahl’s law:The overall system speed-up (S) gained by optimizing asingle part of a system by a factor (s) is limited by the Not just a superfast chip—accelerated computingproportion of execution time of that part (p). To speed up compute-intensive parts of an applicationFor example:•If 90% of the runtime can be accelerated by 100X,the application is sped up 9X Advancing computing in the post-Moore’s law era109 Accelerated computing is needed to tackle the most108 inventing new specialized processors, like RT Coresand Tensor Cores.102103Single-threaded CPU perfTrillions of Operations per Second (TOPS)“It’s the end of Moore’s law as we know it.”—John Hennessy, Oct 2018 198019902000“Moore’s law is dead.”—Jensen Huang, GTC 2013 NVIDIA’s Accelerated Computing Ecosystem Cycle and Significant ReturnsAI can augment creativity and productivity byorders of magnitude ac