NVIDIA (NVDA) 10-Q28 Aug 242025 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares shares in Millions	6 Months Ended
Cover - shares shares in Millions	Jul. 28, 2024	Aug. 23, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 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		24,530
Entity Central Index Key	0001045810
Current Fiscal Year End Date	--01-26
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Income Statement [Abstract]
Revenue	$ 30,040	$ 13,507	$ 56,084	$ 20,699
Cost of revenue	7,466	4,045	13,105	6,589
Gross profit	22,574	9,462	42,979	14,110
Operating expenses
Research and development	3,090	2,040	5,810	3,916
Sales, general and administrative	842	622	1,618	1,253
Total operating expenses	3,932	2,662	7,428	5,169
Operating income	18,642	6,800	35,551	8,941
Interest income	444	187	803	338
Interest expense	(61)	(65)	(125)	(131)
Other, net	189	59	264	42
Other income (expense), net	572	181	942	249
Income before income tax	19,214	6,981	36,493	9,190
Income tax expense	2,615	793	5,013	958
Net income	$ 16,599	$ 6,188	$ 31,480	$ 8,232
Net income per share:
Basic (in dollars per share)	$ 0.68	$ 0.25	$ 1.28	$ 0.33
Diluted (in dollars per share)	$ 0.67	$ 0.25	$ 1.27	$ 0.33
Weighted average shares used in per share computation:
Basic (in shares)	24,578	24,729	24,599	24,716
Diluted (in shares)	24,848	24,994	24,869	24,948

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 16,599	$ 6,188	$ 31,480	$ 8,232
Available-for-sale securities:
Net change in unrealized gain (loss)	150	(11)	22	7
Cash flow hedges:
Net change in unrealized gain	23	22	20	8
Reclassification adjustments for net realized loss included in net income	(8)	(12)	(13)	(23)
Net change in unrealized gain (loss)	15	10	7	(15)
Other comprehensive income (loss), net of tax	165	(1)	29	(8)
Total comprehensive income	$ 16,764	$ 6,187	$ 31,509	$ 8,224

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 28, 2024	Jan. 28, 2024
Current assets:
Cash and cash equivalents	$ 8,563	$ 7,280
Marketable securities	26,237	18,704
Accounts receivable, net	14,132	9,999
Inventories	6,675	5,282
Prepaid expenses and other current assets	4,026	3,080
Total current assets	59,633	44,345
Property and equipment, net	4,885	3,914
Operating lease assets	1,556	1,346
Goodwill	4,622	4,430
Intangible assets, net	952	1,112
Deferred income tax assets	9,578	6,081
Other assets	4,001	4,500
Total assets	85,227	65,728
Current liabilities:
Accounts payable	3,680	2,699
Accrued and other current liabilities	10,289	6,682
Short-term debt	0	1,250
Total current liabilities	13,969	10,631
Long-term debt	8,461	8,459
Long-term operating lease liabilities	1,304	1,119
Other long-term liabilities	3,336	2,541
Total liabilities	27,070	22,750
Commitments and contingencies - see Note 12
Shareholders’ equity:
Preferred stock	0	0
Common stock	25	25
Additional paid-in capital	12,115	13,109
Accumulated other comprehensive income	56	27
Retained earnings	45,961	29,817
Total shareholders' equity	58,157	42,978
Total liabilities and shareholders' equity	$ 85,227	$ 65,728

Condensed Consolidated Statem_3

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		24,661
Beginning balances, shareholders' equity at Jan. 29, 2023	$ 22,101	$ 25	$ 11,948	$ (43)	$ 10,171
Increase (Decrease) in Shareholders' Equity
Net income	8,232				8,232
Other comprehensive income (loss)	(8)			(8)
Issuance of common stock from stock plans (in shares)		143
Issuance of common stock from stock plans	247		247
Tax withholding related to vesting of restricted stock units (in shares)		(37)
Tax withholding related to vesting of restricted stock units	$ (1,179)		(1,179)
Shares repurchased (in shares)	(75.5)	(75)
Shares repurchased	$ (3,284)	$ 0	(1)		(3,283)
Cash dividends declared and paid	(199)				(199)
Stock-based compensation	1,591		1,591
Ending balance, common stock outstanding (in shares) at Jul. 30, 2023		24,692
Ending balances, shareholders' equity at Jul. 30, 2023	27,501	$ 25	12,606	(51)	14,921
Beginning balance, common stock outstanding (in shares) at Apr. 30, 2023		24,731
Beginning balances, shareholders' equity at Apr. 30, 2023	24,520	$ 25	12,430	(50)	12,115
Increase (Decrease) in Shareholders' Equity
Net income	6,188				6,188
Other comprehensive income (loss)	(1)			(1)
Issuance of common stock from stock plans (in shares)		52
Issuance of common stock from stock plans	1		1
Tax withholding related to vesting of restricted stock units (in shares)		(16)
Tax withholding related to vesting of restricted stock units	$ (672)		(672)
Shares repurchased (in shares)	(75.5)	(75)
Shares repurchased	$ (3,284)		(1)		(3,283)
Cash dividends declared and paid	(99)				(99)
Stock-based compensation	848		848
Ending balance, common stock outstanding (in shares) at Jul. 30, 2023		24,692
Ending balances, shareholders' equity at Jul. 30, 2023	27,501	$ 25	12,606	(51)	14,921
Beginning balance, common stock outstanding (in shares) at Jan. 28, 2024		24,643
Beginning balances, shareholders' equity at Jan. 28, 2024	42,978	$ 25	13,109	27	29,817
Increase (Decrease) in Shareholders' Equity
Net income	31,480				31,480
Other comprehensive income (loss)	29			29
Issuance of common stock from stock plans (in shares)		113
Issuance of common stock from stock plans	285		285
Tax withholding related to vesting of restricted stock units (in shares)		(32)
Tax withholding related to vesting of restricted stock units	$ (3,389)		(3,389)
Shares repurchased (in shares)	(162.1)	(162)
Shares repurchased	$ (15,063)		(71)		(14,992)
Cash dividends declared and paid	(344)				(344)
Stock-based compensation	2,181		2,181
Ending balance, common stock outstanding (in shares) at Jul. 28, 2024		24,562
Ending balances, shareholders' equity at Jul. 28, 2024	58,157	$ 25	12,115	56	45,961
Beginning balance, common stock outstanding (in shares) at Apr. 28, 2024		24,598
Beginning balances, shareholders' equity at Apr. 28, 2024	49,142	$ 25	12,628	(109)	36,598
Increase (Decrease) in Shareholders' Equity
Net income	16,599				16,599
Other comprehensive income (loss)	165			165
Issuance of common stock from stock plans (in shares)		38
Issuance of common stock from stock plans	0
Tax withholding related to vesting of restricted stock units (in shares)		(11)
Tax withholding related to vesting of restricted stock units	$ (1,637)		(1,637)
Shares repurchased (in shares)	(62.8)	(63)
Shares repurchased	$ (7,028)		(38)		(6,990)
Cash dividends declared and paid	(246)				(246)
Stock-based compensation	1,162		1,162
Ending balance, common stock outstanding (in shares) at Jul. 28, 2024		24,562
Ending balances, shareholders' equity at Jul. 28, 2024	$ 58,157	$ 25	$ 12,115	$ 56	$ 45,961

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Statement of Stockholders' Equity [Abstract]
Common stock, dividends per share, declared and paid (in dollars per share)	$ 0.01	$ 0.004	$ 0.014	$ 0.008

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023
Cash flows from operating activities:
Net income	$ 31,480	$ 8,232
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	2,164	1,576
Depreciation and amortization	843	749
Gains on investments in non-affiliated entities and publicly-held equity securities, net	(264)	(45)
Deferred income taxes	(3,276)	(1,881)
Other	(288)	(102)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(4,133)	(3,239)
Inventories	(1,380)	861
Prepaid expenses and other assets	(12)	(592)
Accounts payable	801	789
Accrued and other current liabilities	3,314	2,675
Other long-term liabilities	584	236
Net cash provided by operating activities	29,833	9,259
Cash flows from investing activities:
Proceeds from maturities of marketable securities	8,098	5,111
Proceeds from sales of marketable securities	164	0
Purchases of marketable securities	(15,047)	(5,343)
Purchases related to property and equipment and intangible assets	(1,346)	(537)
Acquisitions, net of cash acquired	(317)	(83)
Purchases of investments in non-affiliated entities	534	456
Proceeds from sales of investments in non-affiliated entities	105	0
Other	0	21
Net cash used in investing activities	(8,877)	(1,287)
Cash flows from financing activities:
Proceeds related to employee stock plans	285	247
Payments related to repurchases of common stock	(14,898)	(3,067)
Repayment of debt	(1,250)	(1,250)
Payments related to tax on restricted stock units	(3,389)	(1,179)
Dividends paid	(344)	(199)
Principal payments on property and equipment and intangible assets	(69)	(31)
Net cash used in financing activities	(19,665)	(5,479)
Change in cash, cash equivalents, and restricted cash	1,291	2,493
Cash, cash equivalents, and restricted cash at beginning of period	7,280	3,389
Cash, cash equivalents, and restricted cash at end of period	8,571	5,882
Cash and cash equivalents	8,563	5,783
Restricted cash, included in prepaid expenses and other current assets	8	99
Total cash, cash equivalents, and restricted cash	8,571	5,882
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net	$ 7,449	$ 328

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jul. 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 presentation 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. In May 2024, we announced a ten-for-one stock split, or the Stock Split, of our issued common stock, which was effected through the filing of an amendment to the Company's Restated Certificate of Incorporation, or the Amendment, with the Secretary of the State of Delaware. In June 2024, the Company filed the Amendment to effect the Stock Split and proportionately increased the number of shares of the Company’s authorized common stock from 8.0 billion to 80.0 billion. Shareholders of record at the close of market on June 6, 2024 received nine additional shares of common stock, distributed after the close of market on June 7, 2024. All share, equity award and per share amounts presented herein have been retrospectively adjusted to reflect the Stock Split. 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 second 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 accounts receivable, cash equivalents and marketable securities, goodwill, income taxes, inventories and product purchase commitments, investigation and settlement costs, litigation, other contingencies, property, plant, and equipment, revenue recognition, and stock-based compensation. These estimates are based on historical facts and 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 requiring disclosures of significant expenses in operating segments. We expect to adopt this standard in our annual reporting starting with fiscal year 2025. 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 includes new and updated income tax disclosures, including disaggregation of rate reconciliation and income taxes paid. 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.

Leases

Leases	6 Months Ended
Leases	Jul. 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 July 28, 2024 were as follows: Operating Lease Obligations (In millions) Fiscal Year: 2025 (excluding first half of fiscal year 2025) $ 144 2026 316 2027 299 2028 280 2029 247 2030 and thereafter 486 Total 1,772 Less imputed interest 218 Present value of net future minimum lease payments 1,554 Less short-term operating lease liabilities 250 Long-term operating lease liabilities $ 1,304 In addition, operating leases of $1.0 billion, primarily for our data centers, are expected to commence during fiscal year 2025 with lease terms of 2 to 10.5 years. Operating lease expenses were $84 million and $67 million for the second quarter of fiscal years 2025 and 2024, respectively, and $164 million and $126 million for the first half of fiscal years 2025 and 2024, respectively. Short-term and variable lease expenses for the second quarter and first half of fiscal years 2025 and 2024 were not significant. Other information related to leases was as follows: Six Months Ended Jul 28, 2024 Jul 30, 2023 (In millions) Supplemental cash flows information Operating cash flow used for operating leases $ 146 $ 135 Operating lease assets obtained in exchange for lease obligations $ 405 $ 299 As of July 28, 2024, our operating leases had a weighted average remaining lease term of 6.4 years and a weighted average discount rate of 4.03%. 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%.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
Stock-Based Compensation	Jul. 28, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation 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 employee stock purchase plan, or ESPP. 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 Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions) Cost of revenue $ 40 $ 31 $ 75 $ 58 Research and development 832 600 1,559 1,124 Sales, general and administrative 282 211 530 394 Total $ 1,154 $ 842 $ 2,164 $ 1,576 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 Shares Weighted Average Grant-Date Fair Value Per Share (In millions, except per share data) Balances, Jan 28, 2024 367 $ 24.59 Granted 79 $ 82.68 Vested (93) $ 19.23 Canceled and forfeited (5) $ 28.82 Balances, Jul 28, 2024 348 $ 39.16 As of July 28, 2024, aggregate unearned stock-based compensation expense was $12.8 billion, which is expected to be recognized over a weighted average period of 2.5 years for RSUs, PSUs, and market-based PSUs, and 0.8 years for ESPP.

Net Income Per Share

Net Income Per Share	6 Months Ended
Net Income Per Share	Jul. 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 Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions, except per share data) Numerator: Net income $ 16,599 $ 6,188 $ 31,480 $ 8,232 Denominator: Basic weighted average shares 24,578 24,729 24,599 24,716 Dilutive impact of outstanding equity awards 270 265 270 232 Diluted weighted average shares 24,848 24,994 24,869 24,948 Net income per share: Basic (1) $ 0.68 $ 0.25 $ 1.28 $ 0.33 Diluted (2) $ 0.67 $ 0.25 $ 1.27 $ 0.33 Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive 5 104 68 136 (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. The anti-dilutive effect of equity awards outstanding is not included in the computation of diluted net income per share.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jul. 28, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $2.6 billion and $5.0 billion for the second quarter and first half of fiscal year 2025, respectively, and $793 million and $958 million for the second quarter and first half of fiscal year 2024, respectively. The income tax expense as a percentage of income before income tax for the second quarter and first half of fiscal year 2025 was 13.6% and 13.7%, respectively, and 11.4% and 10.4% for the second quarter and first half of fiscal year 2024, respectively. The effective tax rate increased primarily due to a lower percentage of tax benefits from the foreign-derived intangible income deduction relative to the increase in income before income tax. Effective tax rates for the first half 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. Given our current and anticipated future earnings, we believe that we may release the valuation allowance associated with certain state deferred tax assets in the near term, which would decrease our income tax expense for the period the release is recorded. The timing and amount of the valuation allowance release could vary based on our assessment of all available evidence. 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 July 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.

Cash Equivalents and Marketable

Cash Equivalents and Marketable Securities	6 Months Ended
Cash Equivalents and Marketable Securities	Jul. 28, 2024
Investments, Debt and Equity Securities [Abstract]
Cash Equivalents and Marketable Securities	Cash Equivalents and Marketable Securities The following is a summary of cash equivalents and marketable securities: Jul 28, 2024 Amortized Unrealized Unrealized Estimated Reported as Cash Equivalents Marketable Securities (In millions) Debt securities issued by the U.S. Treasury $ 14,051 $ 42 $ (10) $ 14,083 $ 2,132 $ 11,951 Corporate debt securities 11,994 37 (7) 12,024 682 11,342 Money market funds 5,252 — — 5,252 5,252 — Debt securities issued by U.S. government agencies 2,461 7 (2) 2,466 50 2,416 Certificates of deposit 141 — — 141 32 109 Total marketable securities with fair value adjustments recorded in other comprehensive income $ 33,899 $ 86 $ (19) $ 33,966 $ 8,148 $ 25,818 Publicly-held equity securities (1) $ 419 $ — $ 419 Total $ 33,899 $ 86 $ (19) $ 34,385 $ 8,148 $ 26,237 (1) Fair value adjustments on publicly-held equity securities are recorded in net income. In the second quarter of fiscal year 2025, publicly-held equity securities from investments in non-affiliated entities were classified in marketable securities on our Condensed Consolidated Balance Sheets. For the second quarter and first half of fiscal year 2025, net unrealized gains on investments in publicly-held equity securities were $132 million and $181 million, respectively. For the second quarter and first half of fiscal year 2024, net unrealized gains on investments in publicly-held equity securities were not significant. Jan 28, 2024 Amortized Unrealized Unrealized Estimated Reported as Cash Equivalents Marketable Securities (In millions) Corporate debt securities $ 10,126 $ 31 $ (5) $ 10,152 $ 2,231 $ 7,921 Debt securities issued by the U.S. Treasury 9,517 17 (10) 9,524 1,315 8,209 Money market funds 3,031 — — 3,031 3,031 — Debt securities issued by U.S. government agencies 2,326 8 (1) 2,333 89 2,244 Certificates of deposit 510 — — 510 294 216 Foreign government bonds 174 — — 174 60 114 Total marketable securities with fair value changes recorded in other comprehensive income $ 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 debt securities have been in a continuous loss position: Jul 28, 2024 Less than 12 Months 12 Months or Greater Total Estimated Fair Value Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss (In millions) Debt securities issued by U.S. government agencies $ 4,031 $ (8) $ 857 $ (2) $ 4,888 $ (10) Corporate debt securities 3,170 (5) 396 (2) 3,566 (7) Debt securities issued by the U.S. Treasury 1,210 (1) 117 (1) 1,327 (2) Total $ 8,411 $ (14) $ 1,370 $ (5) $ 9,781 $ (19) Jan 28, 2024 Less than 12 Months 12 Months or Greater Total Estimated Fair Value Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss (In millions) Debt securities issued by the U.S. Treasury $ 3,343 $ (5) $ 1,078 $ (5) $ 4,421 $ (10) Corporate debt securities 1,306 (3) 618 (2) 1,924 (5) Debt securities issued by U.S. government agencies 670 (1) — — 670 (1) Total $ 5,319 $ (9) $ 1,696 $ (7) $ 7,015 $ (16) Gross unrealized losses are related to fixed income securities, driven primarily by changes in interest rates. The amortized cost and estimated fair value of debt securities included in cash equivalents and marketable securities are shown below by contractual maturity. Jul 28, 2024 Jan 28, 2024 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value (In millions) Less than one year $ 15,535 $ 15,532 $ 16,336 $ 16,329 Due in 1 - 5 years 18,364 18,434 9,348 9,395 Total $ 33,899 $ 33,966 $ 25,684 $ 25,724

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities	6 Months Ended
	Jul. 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 market prices of similar assets from active markets. We review fair value classification on a quarterly basis. Pricing Category Fair Value at Jul 28, 2024 Jan 28, 2024 (In millions) Assets Cash equivalents and marketable securities: Money market funds Level 1 $ 5,252 $ 3,031 Publicly-held equity securities Level 1 $ 419 $ — Debt securities issued by the U.S. Treasury Level 2 $ 14,083 $ 9,524 Corporate debt securities Level 2 $ 12,024 $ 10,152 Debt securities issued by U.S. government agencies Level 2 $ 2,466 $ 2,333 Certificates of deposit Level 2 $ 141 $ 510 Foreign government bonds Level 2 $ — $ 174 Other assets (Investments in non-affiliated entities): Publicly-held equity securities Level 1 $ — $ 225 Liabilities (1) 0.584% Notes Due 2024 Level 2 $ — $ 1,228 3.20% Notes Due 2026 Level 2 $ 973 $ 970 1.55% Notes Due 2028 Level 2 $ 1,126 $ 1,115 2.85% Notes Due 2030 Level 2 $ 1,380 $ 1,367 2.00% Notes Due 2031 Level 2 $ 1,068 $ 1,057 3.50% Notes Due 2040 Level 2 $ 839 $ 851 3.50% Notes Due 2050 Level 2 $ 1,559 $ 1,604 3.70% Notes Due 2060 Level 2 $ 386 $ 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 non-marketable equity securities, which are primarily investments in privately held companies. In the second quarter of fiscal year 2025, publicly-held equity securities from investments in non-affiliated entities were classified in marketable securities on our Condensed Consolidated Balance Sheets. Our non-marketable equity securities are recorded in long-term other assets on our Condensed Consolidated Balance Sheets and valued under the measurement alternative. 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 second quarter and first half of fiscal years 2025 and 2024 were as follows: Three Months Ended Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions) Balance at beginning of period $ 1,463 $ 496 $ 1,321 $ 288 Adjustments related to non-marketable equity securities: Net additions 294 181 421 402 Unrealized gains 77 — 92 — Impairments and unrealized losses (15) (1) (15) (14) Balance at end of period $ 1,819 $ 676 $ 1,819 $ 676 Non-marketable equity securities had cumulative gross unrealized gains of $362 million and cumulative gross losses and impairments of $60 million as of July 28, 2024.

Amortizable Intangible Assets a

Amortizable Intangible Assets and Goodwill	6 Months Ended
Amortizable Intangible Assets and Goodwill	Jul. 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: Jul 28, 2024 Jan 28, 2024 Gross Accumulated Net Carrying Gross Accumulated Net Carrying (In millions) Acquisition-related intangible assets $ 2,752 $ (1,976) $ 776 $ 2,642 $ (1,720) $ 922 Patents and licensed technology 442 (266) 176 449 (259) 190 Total intangible assets $ 3,194 $ (2,242) $ 952 $ 3,091 $ (1,979) $ 1,112 For the second quarter and first half of fiscal year 2025, amortization expense associated with intangible assets was $146 million and $289 million, respectively. For the second quarter and first half of fiscal year 2024, amortization expense was $146 million and $327 million, respectively. The following table outlines the estimated amortization expense related to the net carrying amount of intangible assets as of July 28, 2024: Future Amortization Expense (In millions) Fiscal Year: 2025 (excluding first half of fiscal year 2025) $ 295 2026 304 2027 192 2028 51 2029 9 2030 and thereafter 101 Total $ 952 In the first half of fiscal year 2025, goodwill increased by $192 million from business combinations assigned to our Compute & Networking reporting unit.

Balance Sheet Components

Balance Sheet Components	6 Months Ended
Balance Sheet Components	Jul. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheet Components	Balance Sheet Components Three customers accounted for 23%, 15%, and 11% of our accounts receivable balance as of July 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: Jul 28, 2024 Jan 28, 2024 Inventories: (In millions) Raw materials $ 1,895 $ 1,719 Work in process 2,111 1,505 Finished goods 2,669 2,058 Total inventories (1) $ 6,675 $ 5,282 (1) During the second quarter of fiscal years 2025 and 2024, we recorded an inventory provision of $345 million and $343 million, respectively and during the first half of fiscal years 2025 and 2024, we recorded an inventory provision of $555 million and $448 million, respectively, in cost of revenue. Jul 28, 2024 Jan 28, 2024 Other Assets (Long Term): (In millions) Investments in non-affiliated entities $ 1,819 $ 1,546 Prepaid supply and capacity agreements (1) 1,313 2,458 Prepaid royalties 352 364 Prepaid tax 331 2 Other 186 130 Total other assets $ 4,001 $ 4,500 (1) As of July 28, 2024 and January 28, 2024, there were $3.3 billion and $2.5 billion of short-term prepaid supply and capacity agreements included in short term Prepaid expenses and other current assets, respectively. Jul 28, 2024 Jan 28, 2024 Accrued and Other Current Liabilities: (In millions) Customer program accruals $ 3,584 $ 2,081 Excess inventory purchase obligations (1) 2,051 1,655 Taxes payable 1,173 296 Deferred revenue (2) 948 764 Accrued payroll and related expenses 941 675 Product warranty and return provisions 868 415 Operating leases 250 228 Licenses and royalties 154 182 Unsettled share repurchases 130 187 Other 190 199 Total accrued and other current liabilities $ 10,289 $ 6,682 (1) During the second quarter of fiscal years 2025 and 2024, we recorded $563 million and $232 million, respectively and during the first half of fiscal years 2025 and 2024, we recorded $746 million and $261 million, respectively, in cost of revenue. (2) Deferred revenue includes customer advances and unearned revenue related to hardware support, software support, cloud services, and license and development arrangements. The balance as of July 28, 2024 and January 28, 2024 included $340 million and $233 million of customer advances, respectively. Jul 28, 2024 Jan 28, 2024 Other Long-Term Liabilities: (In millions) Income tax payable (1) $ 1,670 $ 1,361 Deferred revenue (2) 773 573 Deferred income tax 697 462 Other 196 145 Total other long-term liabilities $ 3,336 $ 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 includes unearned revenue 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 half of fiscal years 2025 and 2024: Six Months Ended Jul 28, 2024 Jul 30, 2023 (In millions) Balance at beginning of period $ 1,337 $ 572 Deferred revenue additions 1,478 713 Revenue recognized (1,094) (556) Balance at end of period $ 1,721 $ 729 We recognized revenue of $323 million and $199 million for the first half of fiscal years 2025 and 2024 respectively, that were included in the prior year end deferred revenue balances. For revenue contracts with a length greater than one year, $1.3 billion is included in deferred revenue and $123 million has not yet been billed nor recognized as revenue as of July 28, 2024. Approximately 37% of this combined amount will be recognized as revenue over the next twelve months.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
Derivative Financial Instruments	Jul. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments We entered into foreign currency forward contracts mitigating the impact of foreign currency exchange rate movements on our operating expenses. These contracts are designated as cash flow hedges. 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 entered into foreign currency forward contracts mitigating the impact of foreign currency movements on monetary assets and liabilities. The change in fair value of these non-designated contracts was recorded in other income or expense and offsets the change in fair value of the hedged foreign currency denominated monetary assets and liabilities, which was also recorded in other income or expense. The table below presents the notional value of our foreign currency Jul 28, 2024 Jan 28, 2024 (In millions) Designated as cash flow hedges $ 1,278 $ 1,168 Non-designated hedges $ 894 $ 597 The unrealized gains and losses or fair value of our foreign currency contracts were not significant as of July 28, 2024 and January 28, 2024. As of July 28, 2024, all designated foreign currency contracts mature within 18 months and the expected realized gains and losses were not significant. During the first half of fiscal years 2025 and 2024, the impact of derivative financial instruments designated for cash flow hedges was not significant and the instruments were determined to be highly effective.

Debt

Debt	6 Months Ended
Debt	Jul. 28, 2024
Debt Disclosure [Abstract]
Debt	Debt Long-Term Debt Expected Effective Carrying Value at Jul 28, 2024 Jan 28, 2024 (In millions) 0.584% Notes Due 2024 (1) — 0.66% $ — $ 1,250 3.20% Notes Due 2026 2.1 3.31% 1,000 1,000 1.55% Notes Due 2028 3.9 1.64% 1,250 1,250 2.85% Notes Due 2030 5.7 2.93% 1,500 1,500 2.00% Notes Due 2031 6.9 2.09% 1,250 1,250 3.50% Notes Due 2040 15.7 3.54% 1,000 1,000 3.50% Notes Due 2050 25.7 3.54% 2,000 2,000 3.70% Notes Due 2060 35.7 3.73% 500 500 Unamortized debt discount and issuance costs (39) (41) Net carrying amount 8,461 9,709 Less short-term portion — (1,250) Total long-term portion $ 8,461 $ 8,459 (1) We repaid the 0.584% Notes Due 2024 in the second quarter of fiscal year 2025. 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 July 28, 2024, we complied 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 July 28, 2024, we had no commercial paper outstanding.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jul. 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 July 28, 2024, we had outstanding inventory purchases and long-term supply and capacity obligations totaling $27.8 billion, an increase from the prior year due to commitments for Hopper and Blackwell capacity and components. 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. Though, changes to these agreements may result in additional costs. Other non-inventory purchase obligations were $12.0 billion, including $9.8 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 July 28, 2024 are as follows: Commitments (In millions) Fiscal Year: 2025 (excluding first half of fiscal year 2025) $ 21,934 2026 10,671 2027 2,778 2028 2,436 2029 1,543 2030 and thereafter 419 Total $ 39,781 Accrual for Product Warranty Liabilities The estimated amount of product warranty liabilities was $741 million and $306 million as of July 28, 2024 and January 28, 2024, respectively. The estimated product returns and product warranty activity consisted of the following: Three Months Ended Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions) Balance at beginning of period $ 532 $ 77 $ 306 $ 82 Additions 237 42 471 55 Utilization (28) (4) (36) (22) Balance at end of period $ 741 $ 115 $ 741 $ 115 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. On June 17, 2024, the Supreme Court of the United States granted NVIDIA’s petition for a writ of certiorari. Four amicus briefs were filed in support of NVIDIA's petition. Oral arguments are scheduled for November 13, 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 July 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.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
Shareholders' Equity	Jul. 28, 2024
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Capital Return Program During the second quarter and first half of fiscal year 2025, we repurchased 62.8 million and 162.1 million shares of our common stock for $7.0 billion and $15.1 billion, respectively. During the second quarter and first half of fiscal year 2024, we repurchased 75.5 million shares of our common stock for $3.3 billion. As of July 28, 2024, we were authorized, subject to certain specifications, to repurchase up to $7.5 billion of our common stock. On August 26, 2024, our Board of Directors approved an additional $50.0 billion to our share repurchase authorization, without expiration. As of August 26, 2024, a total of $53.9 billion was available for repurchase. Our share repurchase program aims to offset dilution from shares issued to employees while maintaining adequate liquidity to meet our operating requirements. We may pursue additional share repurchases as we weigh market factors and other investment opportunities. From July 29, 2024 through August 26, 2024, we repurchased 31.5 million shares for $3.6 billion pursuant to a Rule 10b5-1 trading plan. On June 7, 2024, we increased our quarterly cash dividend to $0.01 per share on a post-Stock Split basis to all shareholders of record on June 11, 2024. Our quarterly cash dividend was paid on June 28, 2024. During the second quarter and first half of fiscal year 2025, we paid $246 million and $344 million in cash dividends, respectively. During the second quarter and first half of fiscal year 2024, we paid $99 million and $199 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.

Segment Information

Segment Information	6 Months Ended
Segment Information	Jul. 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 platforms and artificial intelligence, or AI, solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms; and DGX Cloud computing services. 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 & Networking Graphics All Other Consolidated (In millions) Three Months Ended Jul 28, 2024 Revenue $ 26,446 $ 3,594 $ — $ 30,040 Operating income (loss) $ 18,848 $ 1,369 $ (1,575) $ 18,642 Three Months Ended Jul 30, 2023 Revenue $ 10,402 $ 3,105 $ — $ 13,507 Operating income (loss) $ 6,728 $ 1,211 $ (1,139) $ 6,800 Six Months Ended Jul 28, 2024 Revenue $ 49,121 $ 6,963 $ — $ 56,084 Operating income (loss) $ 35,896 $ 2,609 $ (2,954) $ 35,551 Six Months Ended Jul 30, 2023 Revenue $ 14,862 $ 5,837 $ — $ 20,699 Operating income (loss) $ 8,887 $ 2,258 $ (2,204) $ 8,941 Three Months Ended Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions) Reconciling items included in "All Other" category: Stock-based compensation expense $ (1,154) $ (842) $ (2,164) $ (1,576) Unallocated cost of revenue and operating expenses (280) (163) (508) (317) Acquisition-related and other costs (144) (137) (286) (311) Other 3 3 4 — Total $ (1,575) $ (1,139) $ (2,954) $ (2,204) Revenue by geographic areas is based upon the billing location of the customer. The end customer and shipping location may be different from our customer’s billing location. For example, most shipments associated with Singapore revenue were to locations other than Singapore and shipments to Singapore were insignificant. Revenue by geographic areas was as follows: Three Months Ended Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions) Revenue: United States $ 13,022 $ 6,043 $ 26,518 $ 8,428 Taiwan 5,740 2,839 10,113 4,635 Singapore 5,622 1,042 9,659 1,804 China (including Hong Kong) 3,667 2,740 6,158 4,330 Other countries 1,989 843 3,636 1,502 Total revenue $ 30,040 $ 13,507 $ 56,084 $ 20,699 We refer to customers who purchase products directly from NVIDIA as direct customers, such as add-in board manufacturers, distributors, original device manufacturers, or ODMs, original equipment manufacturers, or OEMs, and system integrators. We have certain customers that may purchase products directly from NVIDIA and may use either internal resources or third-party system integrators to complete their build. We also have indirect customers, who purchase products through our direct customers; indirect customers include cloud service providers, consumer internet companies, enterprises, and public sector entities. Sales to direct customers which represented 10% or more of total revenue, all of which were primarily attributable to the Compute & Networking segment, are presented in the following table: Three Months Ended Six Months Ended Jul 28, 2024 Jul 28, 2024 Customer A 14 % 14 % Customer B 11 % * Customer C 11 % * Customer D 10 % 10 % Customer E * 10 % * Less than 10% of total revenue One customer represented approximately 17% and 13% of total revenue for the second quarter and first half of fiscal year 2024, respectively, and was attributable to the Compute & Networking segment. The following table summarizes revenue by specialized markets: Three Months Ended Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions) Revenue: Data Center $ 26,272 $ 10,323 $ 48,835 $ 14,607 Compute 22,604 8,612 41,996 11,969 Networking 3,668 1,711 6,839 2,638 Gaming 2,880 2,486 5,527 4,726 Professional Visualization 454 379 881 674 Automotive 346 253 675 549 OEM and Other 88 66 166 143 Total revenue $ 30,040 $ 13,507 $ 56,084 $ 20,699

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Pay vs Performance Disclosure
Net income	$ 16,599	$ 6,188	$ 31,480	$ 8,232

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
Insider Trading Arrangements	Jul. 28, 2024 shares	Jul. 28, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
Ajay K. Puri [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On July 22, 2024, Ajay K. Puri, Executive Vice President, Worldwide Field Operations, terminated a Rule 10b5-1 trading arrangement adopted on April 12, 2024 for the sale of up to 1,008,320 shares of our common stock on a post-split basis through July 11, 2025. 100,110 shares were sold under the plan prior to termination.
Name	Ajay K. Puri
Title	Executive Vice President
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	April 12, 2024
Rule 10b5-1 Arrangement Terminated	true
Termination Date	July 22, 2024
Expiration Date	July 11, 2025
Arrangement Duration	455 days
Aggregate Available	1,008,320	1,008,320

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jul. 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 presentation 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. In May 2024, we announced a ten-for-one stock split, or the Stock Split, of our issued common stock, which was effected through the filing of an amendment to the Company's Restated Certificate of Incorporation, or the Amendment, with the Secretary of the State of Delaware. In June 2024, the Company filed the Amendment to effect the Stock Split and proportionately increased the number of shares of the Company’s authorized common stock from 8.0 billion to 80.0 billion. Shareholders of record at the close of market on June 6, 2024 received nine additional shares of common stock, distributed after the close of market on June 7, 2024. All share, equity award and per share amounts presented herein have been retrospectively adjusted to reflect the Stock Split.
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 second 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 accounts receivable, cash equivalents and marketable securities, goodwill, income taxes, inventories and product purchase commitments, investigation and settlement costs, litigation, other contingencies, property, plant, and equipment, revenue recognition, and stock-based compensation. These estimates are based on historical facts and 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 requiring disclosures of significant expenses in operating segments. We expect to adopt this standard in our annual reporting starting with fiscal year 2025. We are currently evaluating the impact of this standard on our Consolidated Financial Statements.

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jul. 28, 2024
Leases [Abstract]
Schedule of Future Minimum Lease Payments	Future minimum lease payments under our non-cancelable operating leases as of July 28, 2024 were as follows: Operating Lease Obligations (In millions) Fiscal Year: 2025 (excluding first half of fiscal year 2025) $ 144 2026 316 2027 299 2028 280 2029 247 2030 and thereafter 486 Total 1,772 Less imputed interest 218 Present value of net future minimum lease payments 1,554 Less short-term operating lease liabilities 250 Long-term operating lease liabilities $ 1,304
Schedule of Other Information Related to Leases	Other information related to leases was as follows: Six Months Ended Jul 28, 2024 Jul 30, 2023 (In millions) Supplemental cash flows information Operating cash flow used for operating leases $ 146 $ 135 Operating lease assets obtained in exchange for lease obligations $ 405 $ 299

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
Stock-Based Compensation (Tables)	Jul. 28, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation Expense, Net of Amounts Capitalized as Inventory	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 Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions) Cost of revenue $ 40 $ 31 $ 75 $ 58 Research and development 832 600 1,559 1,124 Sales, general and administrative 282 211 530 394 Total $ 1,154 $ 842 $ 2,164 $ 1,576
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 Shares Weighted Average Grant-Date Fair Value Per Share (In millions, except per share data) Balances, Jan 28, 2024 367 $ 24.59 Granted 79 $ 82.68 Vested (93) $ 19.23 Canceled and forfeited (5) $ 28.82 Balances, Jul 28, 2024 348 $ 39.16

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
Net Income Per Share (Tables)	Jul. 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 Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions, except per share data) Numerator: Net income $ 16,599 $ 6,188 $ 31,480 $ 8,232 Denominator: Basic weighted average shares 24,578 24,729 24,599 24,716 Dilutive impact of outstanding equity awards 270 265 270 232 Diluted weighted average shares 24,848 24,994 24,869 24,948 Net income per share: Basic (1) $ 0.68 $ 0.25 $ 1.28 $ 0.33 Diluted (2) $ 0.67 $ 0.25 $ 1.27 $ 0.33 Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive 5 104 68 136 (1) Calculated as net income divided by basic weighted average shares. (2) Calculated as net income divided by diluted weighted average shares.

Cash Equivalents and Marketab_2

Cash Equivalents and Marketable Securities (Tables)	6 Months Ended
Cash Equivalents and Marketable Securities (Tables)	Jul. 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: Jul 28, 2024 Amortized Unrealized Unrealized Estimated Reported as Cash Equivalents Marketable Securities (In millions) Debt securities issued by the U.S. Treasury $ 14,051 $ 42 $ (10) $ 14,083 $ 2,132 $ 11,951 Corporate debt securities 11,994 37 (7) 12,024 682 11,342 Money market funds 5,252 — — 5,252 5,252 — Debt securities issued by U.S. government agencies 2,461 7 (2) 2,466 50 2,416 Certificates of deposit 141 — — 141 32 109 Total marketable securities with fair value adjustments recorded in other comprehensive income $ 33,899 $ 86 $ (19) $ 33,966 $ 8,148 $ 25,818 Publicly-held equity securities (1) $ 419 $ — $ 419 Total $ 33,899 $ 86 $ (19) $ 34,385 $ 8,148 $ 26,237 (1) Fair value adjustments on publicly-held equity securities are recorded in net income. In the second quarter of fiscal year 2025, publicly-held equity securities from investments in non-affiliated entities were classified in marketable securities on our Condensed Consolidated Balance Sheets. Jan 28, 2024 Amortized Unrealized Unrealized Estimated Reported as Cash Equivalents Marketable Securities (In millions) Corporate debt securities $ 10,126 $ 31 $ (5) $ 10,152 $ 2,231 $ 7,921 Debt securities issued by the U.S. Treasury 9,517 17 (10) 9,524 1,315 8,209 Money market funds 3,031 — — 3,031 3,031 — Debt securities issued by U.S. government agencies 2,326 8 (1) 2,333 89 2,244 Certificates of deposit 510 — — 510 294 216 Foreign government bonds 174 — — 174 60 114 Total marketable securities with fair value changes recorded in other comprehensive income $ 25,684 $ 56 $ (16) $ 25,724 $ 7,020 $ 18,704 The amortized cost and estimated fair value of debt securities included in cash equivalents and marketable securities are shown below by contractual maturity. Jul 28, 2024 Jan 28, 2024 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value (In millions) Less than one year $ 15,535 $ 15,532 $ 16,336 $ 16,329 Due in 1 - 5 years 18,364 18,434 9,348 9,395 Total $ 33,899 $ 33,966 $ 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 debt securities have been in a continuous loss position: Jul 28, 2024 Less than 12 Months 12 Months or Greater Total Estimated Fair Value Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss (In millions) Debt securities issued by U.S. government agencies $ 4,031 $ (8) $ 857 $ (2) $ 4,888 $ (10) Corporate debt securities 3,170 (5) 396 (2) 3,566 (7) Debt securities issued by the U.S. Treasury 1,210 (1) 117 (1) 1,327 (2) Total $ 8,411 $ (14) $ 1,370 $ (5) $ 9,781 $ (19) Jan 28, 2024 Less than 12 Months 12 Months or Greater Total Estimated Fair Value Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss Estimated Fair Value Gross Unrealized Loss (In millions) Debt securities issued by the U.S. Treasury $ 3,343 $ (5) $ 1,078 $ (5) $ 4,421 $ (10) Corporate debt securities 1,306 (3) 618 (2) 1,924 (5) Debt securities issued by U.S. government agencies 670 (1) — — 670 (1) Total $ 5,319 $ (9) $ 1,696 $ (7) $ 7,015 $ (16)

Fair Value of Financial Asset_2

Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities (Tables)	6 Months Ended
	Jul. 28, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Assets and Liabilities	Pricing Category Fair Value at Jul 28, 2024 Jan 28, 2024 (In millions) Assets Cash equivalents and marketable securities: Money market funds Level 1 $ 5,252 $ 3,031 Publicly-held equity securities Level 1 $ 419 $ — Debt securities issued by the U.S. Treasury Level 2 $ 14,083 $ 9,524 Corporate debt securities Level 2 $ 12,024 $ 10,152 Debt securities issued by U.S. government agencies Level 2 $ 2,466 $ 2,333 Certificates of deposit Level 2 $ 141 $ 510 Foreign government bonds Level 2 $ — $ 174 Other assets (Investments in non-affiliated entities): Publicly-held equity securities Level 1 $ — $ 225 Liabilities (1) 0.584% Notes Due 2024 Level 2 $ — $ 1,228 3.20% Notes Due 2026 Level 2 $ 973 $ 970 1.55% Notes Due 2028 Level 2 $ 1,126 $ 1,115 2.85% Notes Due 2030 Level 2 $ 1,380 $ 1,367 2.00% Notes Due 2031 Level 2 $ 1,068 $ 1,057 3.50% Notes Due 2040 Level 2 $ 839 $ 851 3.50% Notes Due 2050 Level 2 $ 1,559 $ 1,604 3.70% Notes Due 2060 Level 2 $ 386 $ 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 second quarter and first half of fiscal years 2025 and 2024 were as follows: Three Months Ended Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions) Balance at beginning of period $ 1,463 $ 496 $ 1,321 $ 288 Adjustments related to non-marketable equity securities: Net additions 294 181 421 402 Unrealized gains 77 — 92 — Impairments and unrealized losses (15) (1) (15) (14) Balance at end of period $ 1,819 $ 676 $ 1,819 $ 676

Amortizable Intangible Assets_2

Amortizable Intangible Assets and Goodwill (Tables)	6 Months Ended
Amortizable Intangible Assets and Goodwill (Tables)	Jul. 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: Jul 28, 2024 Jan 28, 2024 Gross Accumulated Net Carrying Gross Accumulated Net Carrying (In millions) Acquisition-related intangible assets $ 2,752 $ (1,976) $ 776 $ 2,642 $ (1,720) $ 922 Patents and licensed technology 442 (266) 176 449 (259) 190 Total intangible assets $ 3,194 $ (2,242) $ 952 $ 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 July 28, 2024: Future Amortization Expense (In millions) Fiscal Year: 2025 (excluding first half of fiscal year 2025) $ 295 2026 304 2027 192 2028 51 2029 9 2030 and thereafter 101 Total $ 952

Balance Sheet Components (Table

Balance Sheet Components (Tables)	6 Months Ended
Balance Sheet Components (Tables)	Jul. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Inventory	Certain balance sheet components are as follows: Jul 28, 2024 Jan 28, 2024 Inventories: (In millions) Raw materials $ 1,895 $ 1,719 Work in process 2,111 1,505 Finished goods 2,669 2,058 Total inventories (1) $ 6,675 $ 5,282 (1) During the second quarter of fiscal years 2025 and 2024, we recorded an inventory provision of $345 million and $343 million, respectively and during the first half of fiscal years 2025 and 2024, we recorded an inventory provision of $555 million and $448 million, respectively, in cost of revenue.
Schedule of Other Assets	Jul 28, 2024 Jan 28, 2024 Other Assets (Long Term): (In millions) Investments in non-affiliated entities $ 1,819 $ 1,546 Prepaid supply and capacity agreements (1) 1,313 2,458 Prepaid royalties 352 364 Prepaid tax 331 2 Other 186 130 Total other assets $ 4,001 $ 4,500 (1) As of July 28, 2024 and January 28, 2024, there were $3.3 billion and $2.5 billion of short-term prepaid supply and capacity agreements included in short term Prepaid expenses and other current assets, respectively.
Schedule of Accrued and Other Current Liabilities	Jul 28, 2024 Jan 28, 2024 Accrued and Other Current Liabilities: (In millions) Customer program accruals $ 3,584 $ 2,081 Excess inventory purchase obligations (1) 2,051 1,655 Taxes payable 1,173 296 Deferred revenue (2) 948 764 Accrued payroll and related expenses 941 675 Product warranty and return provisions 868 415 Operating leases 250 228 Licenses and royalties 154 182 Unsettled share repurchases 130 187 Other 190 199 Total accrued and other current liabilities $ 10,289 $ 6,682 (1) During the second quarter of fiscal years 2025 and 2024, we recorded $563 million and $232 million, respectively and during the first half of fiscal years 2025 and 2024, we recorded $746 million and $261 million, respectively, in cost of revenue. (2) Deferred revenue includes customer advances and unearned revenue related to hardware support, software support, cloud services, and license and development arrangements. The balance as of July 28, 2024 and January 28, 2024 included $340 million and $233 million of customer advances, respectively.
Schedule of Other Long-term Liabilities	Jul 28, 2024 Jan 28, 2024 Other Long-Term Liabilities: (In millions) Income tax payable (1) $ 1,670 $ 1,361 Deferred revenue (2) 773 573 Deferred income tax 697 462 Other 196 145 Total other long-term liabilities $ 3,336 $ 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 includes unearned revenue 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 half of fiscal years 2025 and 2024: Six Months Ended Jul 28, 2024 Jul 30, 2023 (In millions) Balance at beginning of period $ 1,337 $ 572 Deferred revenue additions 1,478 713 Revenue recognized (1,094) (556) Balance at end of period $ 1,721 $ 729

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
Derivative Financial Instruments (Tables)	Jul. 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 Jul 28, 2024 Jan 28, 2024 (In millions) Designated as cash flow hedges $ 1,278 $ 1,168 Non-designated hedges $ 894 $ 597

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jul. 28, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Expected Effective Carrying Value at Jul 28, 2024 Jan 28, 2024 (In millions) 0.584% Notes Due 2024 (1) — 0.66% $ — $ 1,250 3.20% Notes Due 2026 2.1 3.31% 1,000 1,000 1.55% Notes Due 2028 3.9 1.64% 1,250 1,250 2.85% Notes Due 2030 5.7 2.93% 1,500 1,500 2.00% Notes Due 2031 6.9 2.09% 1,250 1,250 3.50% Notes Due 2040 15.7 3.54% 1,000 1,000 3.50% Notes Due 2050 25.7 3.54% 2,000 2,000 3.70% Notes Due 2060 35.7 3.73% 500 500 Unamortized debt discount and issuance costs (39) (41) Net carrying amount 8,461 9,709 Less short-term portion — (1,250) Total long-term portion $ 8,461 $ 8,459 (1) We repaid the 0.584% Notes Due 2024 in the second quarter of fiscal year 2025.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Jul. 28, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Purchase Obligation, Fiscal Year Maturity	Total future purchase commitments as of July 28, 2024 are as follows: Commitments (In millions) Fiscal Year: 2025 (excluding first half of fiscal year 2025) $ 21,934 2026 10,671 2027 2,778 2028 2,436 2029 1,543 2030 and thereafter 419 Total $ 39,781
Schedule of Product Warranty Activity	The estimated product returns and product warranty activity consisted of the following: Three Months Ended Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions) Balance at beginning of period $ 532 $ 77 $ 306 $ 82 Additions 237 42 471 55 Utilization (28) (4) (36) (22) Balance at end of period $ 741 $ 115 $ 741 $ 115

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	Jul. 28, 2024
Segment Reporting [Abstract]
Schedule of Reportable Segments	The table below presents details of our reportable segments and the “All Other” category. Compute & Networking Graphics All Other Consolidated (In millions) Three Months Ended Jul 28, 2024 Revenue $ 26,446 $ 3,594 $ — $ 30,040 Operating income (loss) $ 18,848 $ 1,369 $ (1,575) $ 18,642 Three Months Ended Jul 30, 2023 Revenue $ 10,402 $ 3,105 $ — $ 13,507 Operating income (loss) $ 6,728 $ 1,211 $ (1,139) $ 6,800 Six Months Ended Jul 28, 2024 Revenue $ 49,121 $ 6,963 $ — $ 56,084 Operating income (loss) $ 35,896 $ 2,609 $ (2,954) $ 35,551 Six Months Ended Jul 30, 2023 Revenue $ 14,862 $ 5,837 $ — $ 20,699 Operating income (loss) $ 8,887 $ 2,258 $ (2,204) $ 8,941 Three Months Ended Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions) Reconciling items included in "All Other" category: Stock-based compensation expense $ (1,154) $ (842) $ (2,164) $ (1,576) Unallocated cost of revenue and operating expenses (280) (163) (508) (317) Acquisition-related and other costs (144) (137) (286) (311) Other 3 3 4 — Total $ (1,575) $ (1,139) $ (2,954) $ (2,204)
Schedule of Revenue by Geographic Regions	Revenue by geographic areas was as follows: Three Months Ended Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions) Revenue: United States $ 13,022 $ 6,043 $ 26,518 $ 8,428 Taiwan 5,740 2,839 10,113 4,635 Singapore 5,622 1,042 9,659 1,804 China (including Hong Kong) 3,667 2,740 6,158 4,330 Other countries 1,989 843 3,636 1,502 Total revenue $ 30,040 $ 13,507 $ 56,084 $ 20,699
Schedules of Concentration of Risk, by Risk Factor	Sales to direct customers which represented 10% or more of total revenue, all of which were primarily attributable to the Compute & Networking segment, are presented in the following table: Three Months Ended Six Months Ended Jul 28, 2024 Jul 28, 2024 Customer A 14 % 14 % Customer B 11 % * Customer C 11 % * Customer D 10 % 10 % Customer E * 10 % * Less than 10% of total revenue
Schedule of Revenue by Specialized Markets	The following table summarizes revenue by specialized markets: Three Months Ended Six Months Ended Jul 28, 2024 Jul 30, 2023 Jul 28, 2024 Jul 30, 2023 (In millions) Revenue: Data Center $ 26,272 $ 10,323 $ 48,835 $ 14,607 Compute 22,604 8,612 41,996 11,969 Networking 3,668 1,711 6,839 2,638 Gaming 2,880 2,486 5,527 4,726 Professional Visualization 454 379 881 674 Automotive 346 253 675 549 OEM and Other 88 66 166 143 Total revenue $ 30,040 $ 13,507 $ 56,084 $ 20,699

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	1 Months Ended
Summary of Significant Accounting Policies (Details)	May 31, 2024	Jun. 07, 2024 shares	Jun. 06, 2024 shares
Accounting Policies [Abstract]
Stock split ratio	10
Authorized number of shares of common stock (in shares)		80,000,000,000	8,000,000,000
Additional common stock issued to each shareholder on record (in shares)		9

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Payments (Details) - USD ($) $ in Millions	Jul. 28, 2024	Jan. 28, 2024
Leases [Abstract]
2025 (excluding first half of fiscal year 2025)	$ 144
2026	316
2027	299
2028	280
2029	247
2030 and thereafter	486
Total	1,772
Less imputed interest	218
Present value of net future minimum lease payments	1,554
Less short-term operating lease liabilities	250	$ 228
Long-term operating lease liabilities	$ 1,304	$ 1,119

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Jan. 28, 2024
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 84	$ 67	$ 164	$ 126
Weighted average remaining lease term - operating leases	6 years 4 months 24 days		6 years 4 months 24 days		6 years 1 month 6 days
Weighted average discount rate - operating leases (percent)	4.03%		4.03%		3.76%
Leases Not yet Commenced
Lessee, Lease, Description [Line Items]
Operating lease, not yet commenced, amount	$ 1,000		$ 1,000
Minimum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term of contract	2 years		2 years
Maximum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term of contract	10 years 6 months		10 years 6 months

Leases - Schedule of Other Leas

Leases - Schedule of Other Lease Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023
Supplemental disclosure of cash flow information:
Operating cash flow used for operating leases	$ 146	$ 135
Operating lease assets obtained in exchange for lease obligations	$ 405	$ 299

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Share-based Compensation
Stock-based compensation expense	$ 1,154	$ 842	$ 2,164	$ 1,576
Cost of revenue
Share-based Compensation
Stock-based compensation expense	40	31	75	58
Research and development
Share-based Compensation
Stock-based compensation expense	832	600	1,559	1,124
Sales, general and administrative
Share-based Compensation
Stock-based compensation expense	$ 282	$ 211	$ 530	$ 394

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Equity Awards (Details) - RSUs, PSUs, and Market-based PSUs shares in Millions	6 Months Ended
	Jul. 28, 2024 $ / shares shares
Number of Shares
Outstanding, beginning balance (in shares) \| shares	367
Granted (in shares) \| shares	79
Vested (in shares) \| shares	(93)
Canceled and forfeited (in shares) \| shares	(5)
Outstanding, ending balance (in shares) \| shares	348
Weighted Average Grant-Date Fair Value Per Share
Weighted average grant date fair value, beginning balance (in dollars per share) \| $ / shares	$ 24.59
Weighted average grant date fair value, granted (in dollars per share) \| $ / shares	82.68
Weighted average grant date fair value, Vested (in dollars per share) \| $ / shares	19.23
Weighted average grant date fair value, canceled and forfeited (in dollars per share) \| $ / shares	28.82
Weighted average grant date fair value, ending balance (in dollars per share) \| $ / shares	$ 39.16

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ in Billions	6 Months Ended
	Jul. 28, 2024 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned stock-based compensation expense	$ 12.8
RSUs, PSUs, and Market-based PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated weighted average amortization period	2 years 6 months
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated weighted average amortization period	9 months 18 days

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Numerator:
Net income	$ 16,599	$ 6,188	$ 31,480	$ 8,232
Denominator:
Basic weighted average shares (in shares)	24,578	24,729	24,599	24,716
Dilutive impact of outstanding equity awards (in shares)	270	265	270	232
Diluted weighted average shares (in shares)	24,848	24,994	24,869	24,948
Net income per share:
Basic (in dollars per share)	$ 0.68	$ 0.25	$ 1.28	$ 0.33
Diluted (in dollars per share)	$ 0.67	$ 0.25	$ 1.27	$ 0.33
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive (in shares)	5	104	68	136

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 2,615	$ 793	$ 5,013	$ 958
Tax expense (benefit) as a percentage of income before income tax (percent)	13.60%	11.40%	13.70%	10.40%

Cash Equivalents and Marketab_3

Cash Equivalents and Marketable Securities - Schedule of Securities (Details) - USD ($) $ in Millions	Jul. 28, 2024	Jan. 28, 2024
Summary of cash equivalents and marketable securities:
Amortized Cost	$ 33,899	$ 25,684
Unrealized Gain	86
Unrealized Loss	(19)
Estimated Fair Value	33,966	25,724
Cash Equivalents	8,148
Total Estimated Fair Value Disclosure	34,385
Marketable securities,total	26,237
Total marketable securities with fair value adjustments recorded in other comprehensive income
Summary of cash equivalents and marketable securities:
Amortized Cost	33,899	25,684
Unrealized Gain	86	56
Unrealized Loss	(19)	(16)
Estimated Fair Value	33,966	25,724
Cash Equivalents	8,148	7,020
Marketable Securities	25,818	18,704
Debt securities issued by the U.S. Treasury
Summary of cash equivalents and marketable securities:
Amortized Cost	14,051	9,517
Unrealized Gain	42	17
Unrealized Loss	(10)	(10)
Estimated Fair Value	14,083	9,524
Cash Equivalents	2,132	1,315
Marketable Securities	11,951	8,209
Corporate debt securities
Summary of cash equivalents and marketable securities:
Amortized Cost	11,994	10,126
Unrealized Gain	37	31
Unrealized Loss	(7)	(5)
Estimated Fair Value	12,024	10,152
Cash Equivalents	682	2,231
Marketable Securities	11,342	7,921
Money market funds
Summary of cash equivalents and marketable securities:
Amortized Cost	5,252	3,031
Unrealized Gain	0	0
Unrealized Loss	0	0
Estimated Fair Value	5,252	3,031
Cash Equivalents	5,252	3,031
Marketable Securities	0	0
Debt securities issued by U.S. government agencies
Summary of cash equivalents and marketable securities:
Amortized Cost	2,461	2,326
Unrealized Gain	7	8
Unrealized Loss	(2)	(1)
Estimated Fair Value	2,466	2,333
Cash Equivalents	50	89
Marketable Securities	2,416	2,244
Certificates of deposit
Summary of cash equivalents and marketable securities:
Amortized Cost	141	510
Unrealized Gain	0	0
Unrealized Loss	0	0
Estimated Fair Value	141	510
Cash Equivalents	32	294
Marketable Securities	109	216
Foreign government bonds
Summary of cash equivalents and marketable securities:
Amortized Cost		174
Unrealized Gain		0
Unrealized Loss		0
Estimated Fair Value		174
Cash Equivalents		60
Marketable Securities		$ 114
Publicly-held equity securities
Summary of cash equivalents and marketable securities:
Publicly-held equity securities	$ 419

Cash Equivalents and Marketab_4

Cash Equivalents and Marketable Securities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 28, 2024	Jul. 28, 2024
Level 1 \| Publicly-held equity securities
Summary of cash equivalents and marketable securities:
Unrealized gains on investments in publicly held equity securities	$ 132	$ 181

Cash Equivalents and Marketab_5

Cash Equivalents and Marketable Securities - Schedule of Unrealized Losses Aggregated by Investment Category (Details) - USD ($) $ in Millions	Jul. 28, 2024	Jan. 28, 2024
Estimated Fair Value
Less than 12 Months	$ 8,411	$ 5,319
12 Months or Greater	1,370	1,696
Total	9,781	7,015
Gross Unrealized Loss
Less than 12 Months	(14)	(9)
12 Months or Greater	(5)	(7)
Total	(19)	(16)
Debt securities issued by the U.S. Treasury
Estimated Fair Value
Less than 12 Months	1,210	3,343
12 Months or Greater	117	1,078
Total	1,327	4,421
Gross Unrealized Loss
Less than 12 Months	(1)	(5)
12 Months or Greater	(1)	(5)
Total	(2)	(10)
Corporate debt securities
Estimated Fair Value
Less than 12 Months	3,170	1,306
12 Months or Greater	396	618
Total	3,566	1,924
Gross Unrealized Loss
Less than 12 Months	(5)	(3)
12 Months or Greater	(2)	(2)
Total	(7)	(5)
Debt securities issued by U.S. government agencies
Estimated Fair Value
Less than 12 Months	4,031	670
12 Months or Greater	857	0
Total	4,888	670
Gross Unrealized Loss
Less than 12 Months	(8)	(1)
12 Months or Greater	(2)	0
Total	$ (10)	$ (1)

Cash Equivalents and Marketab_6

Cash Equivalents and Marketable Securities - Schedule of Amortized Cost and Estimated Fair Value of Cash Equivalents and Marketable Securities (Details) - USD ($) $ in Millions	Jul. 28, 2024	Jan. 28, 2024
Amortized Cost
Less than one year	$ 15,535	$ 16,336
Due in 1 - 5 years	18,364	9,348
Amortized Cost	33,899	25,684
Estimated Fair Value
Less than one year	15,532	16,329
Due in 1 - 5 years	18,434	9,395
Estimated Fair Value	$ 33,966	$ 25,724

Fair Value of Financial Asset_3

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	Jul. 28, 2024	Jan. 28, 2024
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	$ 33,966	$ 25,724
0.584% Notes Due 2024 \| Notes Payable
Liabilities
Stated interest rate (percent)	0.584%	0.584%
3.20% Notes Due 2026 \| Notes Payable
Liabilities
Stated interest rate (percent)	3.20%	3.20%
1.55% Notes Due 2028 \| Notes Payable
Liabilities
Stated interest rate (percent)	1.55%	1.55%
2.85% Notes Due 2030 \| Notes Payable
Liabilities
Stated interest rate (percent)	2.85%	2.85%
2.00% Notes Due 2031 \| Notes Payable
Liabilities
Stated interest rate (percent)	2%	2%
3.50% Notes Due 2040 \| Notes Payable
Liabilities
Stated interest rate (percent)	3.50%	3.50%
3.50% Notes Due 2050 \| Notes Payable
Liabilities
Stated interest rate (percent)	3.50%	3.50%
3.70% Notes Due 2060 \| Notes Payable
Liabilities
Stated interest rate (percent)	3.70%	3.70%
Money market funds
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	$ 5,252	$ 3,031
Corporate debt securities
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	12,024	10,152
Debt securities issued by the U.S. Treasury
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	14,083	9,524
Debt securities issued by U.S. government agencies
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	2,466	2,333
Certificates of deposit
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	141	510
Foreign government bonds
Cash equivalents and marketable securities:
Cash equivalents and marketable securities		174
Publicly-held equity securities
Cash equivalents and marketable securities:
Publicly-held equity securities	419
Level 1
Cash equivalents and marketable securities:
Publicly-held equity securities	0	225
Level 1 \| Money market funds
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	5,252	3,031
Level 1 \| Publicly-held equity securities
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	419	0
Level 2 \| 0.584% Notes Due 2024 \| Notes Payable
Liabilities
Notes	0	1,228
Level 2 \| 3.20% Notes Due 2026 \| Notes Payable
Liabilities
Notes	973	970
Level 2 \| 1.55% Notes Due 2028 \| Notes Payable
Liabilities
Notes	1,126	1,115
Level 2 \| 2.85% Notes Due 2030 \| Notes Payable
Liabilities
Notes	1,380	1,367
Level 2 \| 2.00% Notes Due 2031 \| Notes Payable
Liabilities
Notes	1,068	1,057
Level 2 \| 3.50% Notes Due 2040 \| Notes Payable
Liabilities
Notes	839	851
Level 2 \| 3.50% Notes Due 2050 \| Notes Payable
Liabilities
Notes	1,559	1,604
Level 2 \| 3.70% Notes Due 2060 \| Notes Payable
Liabilities
Notes	386	403
Level 2 \| Corporate debt securities
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	12,024	10,152
Level 2 \| Debt securities issued by the U.S. Treasury
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	14,083	9,524
Level 2 \| Debt securities issued by U.S. government agencies
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	2,466	2,333
Level 2 \| Certificates of deposit
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	141	510
Level 2 \| Foreign government bonds
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	$ 0	$ 174

Fair Value of Financial Asset_4

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		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Fair Value Disclosures [Abstract]
Balance at beginning of period	$ 1,463	$ 496	$ 1,321	$ 288
Net additions	294	181	421	402
Unrealized gains	77	0	92	0
Impairments and unrealized losses	(15)	(1)	(15)	(14)
Balance at end of period	$ 1,819	$ 676	$ 1,819	$ 676

Fair Value of Financial Asset_5

Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities - Narrative (Details) $ in Millions	Jul. 28, 2024 USD ($)
Fair Value Disclosures [Abstract]
Cumulative gross unrealized gains	$ 362
Cumulative gross losses and impairments	$ (60)

Amortizable Intangible Assets_3

Amortizable Intangible Assets and Goodwill (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Jan. 28, 2024
Amortizable intangible assets components
Gross Carrying Amount	$ 3,194		$ 3,194		$ 3,091
Accumulated Amortization	(2,242)		(2,242)		(1,979)
Net Carrying Amount	952		952		1,112
Amortization expense	146	$ 146	289	$ 327
Increase in carrying amount of goodwill			192
Amortization expense associated with intangible assets
2025 (excluding first half of fiscal year 2025)	295		295
2026	304		304
2027	192		192
2028	51		51
2029	9		9
2030 and thereafter	101		101
Net Carrying Amount	952		952		1,112
Acquisition-related intangible assets
Amortizable intangible assets components
Gross Carrying Amount	2,752		2,752		2,642
Accumulated Amortization	(1,976)		(1,976)		(1,720)
Net Carrying Amount	776		776		922
Amortization expense associated with intangible assets
Net Carrying Amount	776		776		922
Patents and licensed technology
Amortizable intangible assets components
Gross Carrying Amount	442		442		449
Accumulated Amortization	(266)		(266)		(259)
Net Carrying Amount	176		176		190
Amortization expense associated with intangible assets
Net Carrying Amount	$ 176		$ 176		$ 190

Balance Sheet Components - Narr

Balance Sheet Components - Narrative (Details) - Accounts Receivable - Customer Concentration Risk	6 Months Ended	12 Months Ended
	Jul. 28, 2024	Jan. 28, 2024
Customer One
Supply Commitment [Line Items]
Concentration risk (as percent)	23%	24%
Customers Two
Supply Commitment [Line Items]
Concentration risk (as percent)	15%	11%
Customer Three
Supply Commitment [Line Items]
Concentration risk (as percent)	11%

Balance Sheet Components - Sche

Balance Sheet Components - Schedule of Inventory (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Jan. 28, 2024
Inventories
Raw materials	$ 1,895		$ 1,895		$ 1,719
Work in process	2,111		2,111		1,505
Finished goods	2,669		2,669		2,058
Total inventories (1)	6,675		6,675		$ 5,282
Inventory reserve expense	$ 345	$ 343	$ 555	$ 448

Balance Sheet Components - Sc_2

Balance Sheet Components - Schedule of Other Assets (Long Term) (Details) - USD ($) $ in Millions	Jul. 28, 2024	Jan. 28, 2024
Other Assets (Long Term):
Investments in non-affiliated entities	$ 1,819	$ 1,546
Prepaid supply and capacity agreements	1,313	2,458
Prepaid royalties	352	364
Prepaid tax	331	2
Other	186	130
Total other assets	4,001	4,500
Prepaid expenses and other current assets	4,026	3,080
Supply and Capacity Agreements
Other Assets (Long Term):
Prepaid expenses and other current assets	$ 3,300	$ 2,500

Balance Sheet Components - Sc_3

Balance Sheet Components - Schedule of Accrued and Other Current Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Jan. 28, 2024
Accrued and Other Current Liabilities:
Customer program accruals	$ 3,584		$ 3,584		$ 2,081
Excess inventory purchase obligations	2,051		2,051		1,655
Taxes payable	1,173		1,173		296
Deferred revenue	948		948		764
Accrued payroll and related expenses	941		941		675
Product warranty and return provisions	868		868		415
Operating leases	250		250		228
Licenses and royalties	154		154		182
Unsettled share repurchases	130		130		187
Other	190		190		199
Total accrued and other current liabilities	$ 10,289		$ 10,289		$ 6,682
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total accrued and other current liabilities		Total accrued and other current liabilities		Total accrued and other current liabilities
Cost of revenue	$ 7,466	$ 4,045	$ 13,105	$ 6,589
Inventory Purchase Obligations In Excess Of Projections
Accrued and Other Current Liabilities:
Cost of revenue	563	$ 232	746	$ 261
Nature Of Expense, Customer Advances
Accrued and Other Current Liabilities:
Deferred revenue	$ 340		$ 340		$ 233

Balance Sheet Components - Sc_4

Balance Sheet Components - Schedule of Other Long-term Liabilities (Details) - USD ($) $ in Millions	Jul. 28, 2024	Jan. 28, 2024
Other Long-Term Liabilities:
Income tax payable	$ 1,670	$ 1,361
Deferred revenue	773	573
Deferred income tax	697	462
Other	196	145
Total other long-term liabilities	$ 3,336	$ 2,541

Balance Sheet Components - Sc_5

Balance Sheet Components - Schedule of Changes in Deferred Revenue (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023
Change in Deferred Revenue
Balance at beginning of period	$ 1,337	$ 572
Deferred revenue additions	1,478	713
Revenue recognized	(1,094)	(556)
Balance at end of period	$ 1,721	$ 729

Balance Sheet Components - Reve

Balance Sheet Components - Revenue Remaining Performance Obligation (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognized that was previously included in deferred revenue	$ 323	$ 199
Deferred revenue	1,300
Unbilled revenue	$ 123
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-29
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation (as percent)	37%
Expected performance period	12 months

Derivative Financial Instrume_3

Derivative Financial Instruments - Schedule of Notional Value of Our Foreign Currency Contracts Outstanding (Details) - Foreign currency forward contracts - USD ($) $ in Millions	Jul. 28, 2024	Jan. 28, 2024
Designated as cash flow hedges
Derivative [Line Items]
Notional values of derivative contracts	$ 1,278	$ 1,168
Non-designated hedges
Derivative [Line Items]
Notional values of derivative contracts	$ 894	$ 597

Derivative Financial Instrume_4

Derivative Financial Instruments - Narrative (Details)	6 Months Ended
Derivative Financial Instruments - Narrative (Details)	Jul. 28, 2024
Foreign currency forward contracts
Derivative [Line Items]
Maximum maturity period	18 months

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 28, 2024	Jan. 28, 2024
Debt Instrument [Line Items]
Unamortized debt discount and issuance costs	$ (39)	$ (41)
Net carrying amount	8,461	9,709
Less short-term portion	0	(1,250)
Total long-term portion	$ 8,461	$ 8,459
0.584% Notes Due 2024 \| Notes Payable
Debt Instrument [Line Items]
Interest rate (as percent)	0.584%	0.584%
Expected Remaining Term (years)	0 years
Effective Interest Rate	0.66%
Gross carrying amount	$ 0	$ 1,250
3.20% Notes Due 2026 \| Notes Payable
Debt Instrument [Line Items]
Interest rate (as percent)	3.20%	3.20%
Expected Remaining Term (years)	2 years 1 month 6 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%	1.55%
Expected Remaining Term (years)	3 years 10 months 24 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%	2.85%
Expected Remaining Term (years)	5 years 8 months 12 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%	2%
Expected Remaining Term (years)	6 years 10 months 24 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%	3.50%
Expected Remaining Term (years)	15 years 8 months 12 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%	3.50%
Expected Remaining Term (years)	25 years 8 months 12 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%	3.70%
Expected Remaining Term (years)	35 years 8 months 12 days
Effective Interest Rate	3.73%
Gross carrying amount	$ 500	$ 500

Debt - Narrative (Details)

Debt - Narrative (Details) - Commercial Paper Program - Commercial Paper	Jul. 28, 2024 USD ($)
Debt Instrument [Line Items]
Current borrowing capacity	$ 575,000,000
Outstanding commercial paper	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	Jun. 17, 2024 brief	Jul. 28, 2024 USD ($)	Apr. 28, 2024 USD ($)	Jan. 28, 2024 USD ($)	Jul. 30, 2023 USD ($)	Apr. 30, 2023 USD ($)	Jan. 29, 2023 USD ($)
Other Commitments [Line Items]
Inventory purchase and long-term supply and capacity obligations		$ 27,800
Other non-inventory		12,000
Product warranty liability accruals		741	$ 532	$ 306	$ 115	$ 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		$ 9,800

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Future Commitments Due by Year (Details) $ in Millions	Jul. 28, 2024 USD ($)
Fiscal Year:
2025 (excluding first half of fiscal year 2025)	$ 21,934
2026	10,671
2027	2,778
2028	2,436
2029	1,543
2030 and thereafter	419
Total	$ 39,781

Commitments and Contingencies_3

Commitments and Contingencies - Schedule of Product Warranty Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Beginning Balance	$ 532	$ 77	$ 306	$ 82
Additions	237	42	471	55
Utilization	(28)	(4)	(36)	(22)
Ending Balance	$ 741	$ 115	$ 741	$ 115

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 28, 2024	Aug. 23, 2024	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023	Aug. 26, 2024
Subsequent Event [Line Items]
Number of shares repurchased (in shares)			62.8	75.5	162.1	75.5
Shares repurchased			$ 7,028	$ 3,284	$ 15,063	$ 3,284
Authorized amounts under share repurchase program			$ 7,500		$ 7,500
Quarterly common stock cash dividend (in dollars per share)			$ 0.01	$ 0.004	$ 0.014	$ 0.008
Cash dividend paid (in usd per share)	$ 0.01
Dividends paid			$ 246	$ 99	$ 344	$ 199
Subsequent Event
Subsequent Event [Line Items]
Number of shares repurchased (in shares)		31.5
Shares repurchased		$ 3,600
Additional authorization to repurchase shares							$ 50,000
Remaining authorized repurchase amount							$ 53,900

Segment Information - Narrative

Segment Information - Narrative (Details)	6 Months Ended
Segment Information - Narrative (Details)	Jul. 28, 2024 segment
Segment Reporting Information [Line Items]
Number of reportable segments	2

Segment Information - Schedule

Segment Information - Schedule of Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Segment Reporting Information [Line Items]
Revenue	$ 30,040	$ 13,507	$ 56,084	$ 20,699
Operating income (loss)	18,642	6,800	35,551	8,941
Operating Segments \| Compute & Networking
Segment Reporting Information [Line Items]
Revenue	26,446	10,402	49,121	14,862
Operating income (loss)	18,848	6,728	35,896	8,887
Operating Segments \| Graphics
Segment Reporting Information [Line Items]
Revenue	3,594	3,105	6,963	5,837
Operating income (loss)	1,369	1,211	2,609	2,258
All Other
Segment Reporting Information [Line Items]
Revenue	0	0	0	0
Operating income (loss)	$ (1,575)	$ (1,139)	$ (2,954)	$ (2,204)

Segment Information - Schedul_2

Segment Information - Schedule of Reconciling Items (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Segment Reporting Information [Line Items]
Stock-based compensation expense	$ (1,154)	$ (842)	$ (2,164)	$ (1,576)
Operating income	18,642	6,800	35,551	8,941
All Other
Segment Reporting Information [Line Items]
Stock-based compensation expense	(1,154)	(842)	(2,164)	(1,576)
Unallocated cost of revenue and operating expenses	(280)	(163)	(508)	(317)
Acquisition-related and other costs	(144)	(137)	(286)	(311)
Other	3	3	4	0
Operating income	$ (1,575)	$ (1,139)	$ (2,954)	$ (2,204)

Segment Information - Schedul_3

Segment Information - Schedule of Revenue by Geographic Regions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Revenues
Revenue	$ 30,040	$ 13,507	$ 56,084	$ 20,699
United States
Revenues
Revenue	13,022	6,043	26,518	8,428
Taiwan
Revenues
Revenue	5,740	2,839	10,113	4,635
Singapore
Revenues
Revenue	5,622	1,042	9,659	1,804
China (including Hong Kong)
Revenues
Revenue	3,667	2,740	6,158	4,330
Other countries
Revenues
Revenue	$ 1,989	$ 843	$ 3,636	$ 1,502

Segment Information - Concentra

Segment Information - Concentration Risk (Details) - Compute & Networking - Revenue - Customer Concentration Risk	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Customer A
Revenue, Major Customer [Line Items]
Concentration risk (as percent)	14%		14%
Customer B
Revenue, Major Customer [Line Items]
Concentration risk (as percent)	11%
Customer C
Revenue, Major Customer [Line Items]
Concentration risk (as percent)	11%
Customer D
Revenue, Major Customer [Line Items]
Concentration risk (as percent)	10%		10%
Customer E
Revenue, Major Customer [Line Items]
Concentration risk (as percent)			10%
Customer One
Revenue, Major Customer [Line Items]
Concentration risk (as percent)		17%		13%

Segment Information - Schedul_4

Segment Information - Schedule of Revenue by Market (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 28, 2024	Jul. 30, 2023	Jul. 28, 2024	Jul. 30, 2023
Revenue from External Customer [Line Items]
Revenue	$ 30,040	$ 13,507	$ 56,084	$ 20,699
Data Center
Revenue from External Customer [Line Items]
Revenue	26,272	10,323	48,835	14,607
Compute
Revenue from External Customer [Line Items]
Revenue	22,604	8,612	41,996	11,969
Networking
Revenue from External Customer [Line Items]
Revenue	3,668	1,711	6,839	2,638
Gaming
Revenue from External Customer [Line Items]
Revenue	2,880	2,486	5,527	4,726
Professional Visualization
Revenue from External Customer [Line Items]
Revenue	454	379	881	674
Automotive
Revenue from External Customer [Line Items]
Revenue	346	253	675	549
OEM and Other
Revenue from External Customer [Line Items]
Revenue	$ 88	$ 66	$ 166	$ 143