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

Gaming

• First-quarter revenue was a record $2.76 billion, up 106 percent from a year earlier and up 11 percent from the previous quarter.
• Broadened the wave of laptops powered by NVIDIA’s second-generation RTX graphics with the launch of GeForce RTX™ 3060 Laptop GPU systems starting at $999, and the announcement of GeForce^® 3050 Ti and 3050 Laptop GPU systems starting at $799 and aimed at gamers and creators.
• Accelerated RTX momentum with now over 60 games, including Call of Duty Modern Warfare, Crysis Remastered and Outriders.
• Took steps to improve gamers’ access to GeForce GPUs by reducing the Ethereum hash rate on newly manufactured RTX 3080, 3070 and 3060 Ti graphics cards -- which carry a “Lite Hash Rate,” or “LHR,” identifier -- in addition to previous steps to lower the RTX 3060’s hash rate.
• Announced that NVIDIA DLSS is available now in Unreal Engine 4 and soon in the Unity game engine.
• Announced that NVIDIA Reflex, which reduces system latency, is now incorporated into Call of Duty Warzone, Overwatch and Rainbow Six: Siege.
• Announced that GeForce NOW™, now in its second year, has over 10 million members in more than 70 countries and is approaching 1,000 games in its library.
  

Data Center

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

Professional Visualization

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

Automotive

• First-quarter revenue was $154 million, down 1 percent from a year earlier and up 6 percent from the previous quarter.
• Unveiled NVIDIA DRIVE Atlan™, an AI-enabled processor for autonomous vehicles with 1,000 TOPS and data-center-grade security, targeting automakers’ 2025 vehicles.
• Announced NVIDIA DRIVE Hyperion™ 8, the latest generation of a fully operational, open platform that reduces the time and cost to outfit vehicles with AI and surround sensors.
• Announced that NVIDIA DRIVE™ will be powering intelligent new energy vehicles from SAIC R Auto, IM Motors, Faraday Future and VinFast, starting in 2022.
• Revealed that Cruise is the latest robotaxi company selecting NVIDIA DRIVE, following announcements by Amazon Zoox, DiDi, Oxbotica, Pony.ai and AutoX.
• Announced that Volvo Cars will use NVIDIA DRIVE Orin™ to power the autonomous driving computer in its next-generation cars, beginning with the XC90, to be revealed in 2022.
• Announced that the NVIDIA DRIVE platform powers MBUX Hyperscreen, the AI cockpit in Mercedes-Benz’s new EQS sedan.
• Announced that TuSimple and Navistar will build self-driving trucks powered by the NVIDIA DRIVE AGX™ platform, and the self-driving truck company Plus will use NVIDIA DRIVE Orin for its upcoming autonomous vehicle platform.

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

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

Non-GAAP Measures
To supplement NVIDIA’s condensed consolidated financial statements presented in accordance with GAAP, the company uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP other income (expense), net, non-GAAP net income, non-GAAP net income, or earnings, per diluted share, and free cash flow. For NVIDIA’s investors to be better able to compare its current results with those of previous periods, the company has shown a reconciliation of GAAP to non-GAAP financial measures. These reconciliations adjust the related GAAP financial measures to exclude stock-based compensation expense, acquisition-related and other costs, IP-related costs, gains and losses from non-affiliated investments, mark to market adjustments of our publicly traded equity securities, interest expense related to amortization of debt discount, and the associated tax impact of these items, where applicable. Free cash flow is calculated as GAAP net cash provided by operating activities less both purchases of property and equipment and intangible assets and principal payments on property and equipment and intangible assets. NVIDIA believes the presentation of its non-GAAP financial measures enhances the user’s overall understanding of the company’s historical financial performance. The presentation of the company’s non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company’s financial results prepared in accordance with GAAP, and the company’s non-GAAP measures may be different from non-GAAP measures used by other companies.