NVIDIA (NVDA) 10-Q20 Nov 242025 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares shares in Millions	9 Months Ended
Cover - shares shares in Millions	Oct. 27, 2024	Nov. 15, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 27, 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		24,490
Entity Central Index Key	0001045810
Current Fiscal Year End Date	--01-26
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Income Statement [Abstract]
Revenue	$ 35,082	$ 18,120	$ 91,166	$ 38,819
Cost of revenue	8,926	4,720	22,031	11,309
Gross profit	26,156	13,400	69,135	27,510
Operating expenses
Research and development	3,390	2,294	9,200	6,210
Sales, general and administrative	897	689	2,516	1,942
Total operating expenses	4,287	2,983	11,716	8,152
Operating income	21,869	10,417	57,419	19,358
Interest income	472	234	1,275	572
Interest expense	(61)	(63)	(186)	(194)
Other, net	36	(66)	301	(24)
Other income (expense), net	447	105	1,390	354
Income before income tax	22,316	10,522	58,809	19,712
Income tax expense	3,007	1,279	8,020	2,237
Net income	$ 19,309	$ 9,243	$ 50,789	$ 17,475
Net income per share:
Basic (in dollars per share)	$ 0.79	$ 0.37	$ 2.07	$ 0.71
Diluted (in dollars per share)	$ 0.78	$ 0.37	$ 2.04	$ 0.70
Weighted average shares used in per share computation:
Basic (in shares)	24,533	24,680	24,577	24,700
Diluted (in shares)	24,774	24,940	24,837	24,940

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 19,309	$ 9,243	$ 50,789	$ 17,475
Available-for-sale securities:
Net change in unrealized gain	49	0	71	7
Cash flow hedges:
Net change in unrealized gain (loss)	0	(23)	20	(14)
Reclassification adjustments for net realized loss included in net income	(2)	(14)	(15)	(38)
Net change in unrealized gain (loss)	(2)	(37)	5	(52)
Other comprehensive income (loss), net of tax	47	(37)	76	(45)
Total comprehensive income	$ 19,356	$ 9,206	$ 50,865	$ 17,430

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Current assets:
Cash and cash equivalents	$ 9,107	$ 7,280
Marketable securities	29,380	18,704
Accounts receivable, net	17,693	9,999
Inventories	7,654	5,282
Prepaid expenses and other current assets	3,806	3,080
Total current assets	67,640	44,345
Property and equipment, net	5,343	3,914
Operating lease assets	1,755	1,346
Goodwill	4,724	4,430
Intangible assets, net	838	1,112
Deferred income tax assets	10,276	6,081
Other assets	5,437	4,500
Total assets	96,013	65,728
Current liabilities:
Accounts payable	5,353	2,699
Accrued and other current liabilities	11,126	6,682
Short-term debt	0	1,250
Total current liabilities	16,479	10,631
Long-term debt	8,462	8,459
Long-term operating lease liabilities	1,490	1,119
Other long-term liabilities	3,683	2,541
Total liabilities	30,114	22,750
Commitments and contingencies - see Note 12
Shareholders’ equity:
Preferred stock	0	0
Common stock	25	25
Additional paid-in capital	11,821	13,109
Accumulated other comprehensive income	103	27
Retained earnings	53,950	29,817
Total shareholders' equity	65,899	42,978
Total liabilities and shareholders' equity	$ 96,013	$ 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	17,475				17,475
Other comprehensive income (loss)	(45)			(45)
Issuance of common stock from stock plans (in shares)		214
Issuance of common stock from stock plans	403		403
Tax withholding related to vesting of restricted stock units (in shares)		(54)
Tax withholding related to vesting of restricted stock units	$ (1,942)		(1,942)
Shares repurchased (in shares)	(159)	(159)
Shares repurchased	$ (7,005)		(15)		(6,990)
Cash dividends declared and paid	(296)				(296)
Stock-based compensation	2,574		2,574
Ending balance, common stock outstanding (in shares) at Oct. 29, 2023		24,662
Ending balances, shareholders' equity at Oct. 29, 2023	33,265	$ 25	12,968	(88)	20,360
Beginning balance, common stock outstanding (in shares) at Jul. 30, 2023		24,692
Beginning balances, shareholders' equity at Jul. 30, 2023	27,501	$ 25	12,606	(51)	14,921
Increase (Decrease) in Shareholders' Equity
Net income	9,243				9,243
Other comprehensive income (loss)	(37)			(37)
Issuance of common stock from stock plans (in shares)		71
Issuance of common stock from stock plans	157		157
Tax withholding related to vesting of restricted stock units (in shares)		(18)
Tax withholding related to vesting of restricted stock units	$ (764)		(764)
Shares repurchased (in shares)	(83)	(83)
Shares repurchased	$ (3,719)		(14)		(3,705)
Cash dividends declared and paid	(99)				(99)
Stock-based compensation	983		983
Ending balance, common stock outstanding (in shares) at Oct. 29, 2023		24,662
Ending balances, shareholders' equity at Oct. 29, 2023	33,265	$ 25	12,968	(88)	20,360
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	50,789				50,789
Other comprehensive income (loss)	76			76
Issuance of common stock from stock plans (in shares)		165
Issuance of common stock from stock plans	489		489
Tax withholding related to vesting of restricted stock units (in shares)		(46)
Tax withholding related to vesting of restricted stock units	$ (5,068)		(5,068)
Shares repurchased (in shares)	(254)	(254)
Shares repurchased	$ (26,208)		(141)		(26,067)
Cash dividends declared and paid	(589)				(589)
Stock-based compensation	3,432		3,432
Ending balance, common stock outstanding (in shares) at Oct. 27, 2024		24,508
Ending balances, shareholders' equity at Oct. 27, 2024	65,899	$ 25	11,821	103	53,950
Beginning balance, common stock outstanding (in shares) at Jul. 28, 2024		24,562
Beginning balances, shareholders' equity at Jul. 28, 2024	58,157	$ 25	12,115	56	45,961
Increase (Decrease) in Shareholders' Equity
Net income	19,309				19,309
Other comprehensive income (loss)	47			47
Issuance of common stock from stock plans (in shares)		53
Issuance of common stock from stock plans	204		204
Tax withholding related to vesting of restricted stock units (in shares)		(15)
Tax withholding related to vesting of restricted stock units	$ (1,680)		(1,680)
Shares repurchased (in shares)	(92)	(92)
Shares repurchased	$ (11,146)		(71)		(11,075)
Cash dividends declared and paid	(245)				(245)
Stock-based compensation	1,253		1,253
Ending balance, common stock outstanding (in shares) at Oct. 27, 2024		24,508
Ending balances, shareholders' equity at Oct. 27, 2024	$ 65,899	$ 25	$ 11,821	$ 103	$ 53,950

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Statement of Stockholders' Equity [Abstract]
Common stock, dividends per share, declared and paid (in dollars per share)	$ 0.01	$ 0.004	$ 0.024	$ 0.012

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023
Cash flows from operating activities:
Net income	$ 50,789	$ 17,475
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	3,416	2,555
Depreciation and amortization	1,321	1,121
(Gains) losses on investments in non-affiliated entities and publicly-held equity securities, net	(302)	24
Deferred income taxes	(3,879)	(2,411)
Other	(365)	(170)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(7,694)	(4,482)
Inventories	(2,357)	405
Prepaid expenses and other assets	(726)	(337)
Accounts payable	2,490	1,250
Accrued and other current liabilities	3,918	953
Other long-term liabilities	849	208
Net cash provided by operating activities	47,460	16,591
Cash flows from investing activities:
Proceeds from maturities of marketable securities	9,485	8,001
Proceeds from sales of marketable securities	318	0
Proceeds from sales of investments in non-affiliated entities	171	0
Purchases of marketable securities	(19,565)	(10,688)
Purchases related to property and equipment and intangible assets	(2,159)	(815)
Purchases of investments in non-affiliated entities	(1,008)	(897)
Acquisitions, net of cash acquired	(465)	(83)
Other	0	25
Net cash used in investing activities	(13,223)	(4,457)
Cash flows from financing activities:
Proceeds related to employee stock plans	489	403
Payments related to repurchases of common stock	(25,895)	(6,874)
Payments related to tax on restricted stock units	(5,068)	(1,942)
Repayment of debt	(1,250)	(1,250)
Dividends paid	(589)	(296)
Principal payments on property and equipment and intangible assets	(97)	(44)
Other	0	(1)
Net cash used in financing activities	(32,410)	(10,004)
Change in cash, cash equivalents, and restricted cash	1,827	2,130
Cash, cash equivalents, and restricted cash at beginning of period	7,280	3,389
Cash, cash equivalents, and restricted cash at end of period	9,107	5,519
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net	$ 10,989	$ 4,676

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Oct. 27, 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 third 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 fiscal year 2025 annual report. 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 fiscal year 2026 annual report. We are currently evaluating the impact of this standard on our Consolidated Financial Statements. In November 2024, the FASB issued a new accounting standard requiring disclosures of certain additional expense information on an annual and interim basis, including, among other items, the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each income statement expense caption, as applicable. We expect to adopt this standard in our fiscal year 2028 annual report. We are currently evaluating the impact of this standard on our Consolidated Financial Statements.

Leases

Leases	9 Months Ended
Leases	Oct. 27, 2024
Leases [Abstract]
Leases	Leases Our lease obligations primarily consist of operating leases for our headquarters' campus and domestic and international offices and data centers, with lease periods expiring between fiscal years 2025 and 2036. Future minimum lease obligations under our non-cancelable lease agreements as of October 27, 2024 were as follows: Operating Lease Obligations (In millions) Fiscal Year: 2025 (excluding the first nine months of fiscal year 2025) $ 78 2026 336 2027 340 2028 320 2029 288 2030 and thereafter 667 Total 2,029 Less imputed interest 266 Present value of net future minimum lease payments 1,763 Less short-term operating lease liabilities 273 Long-term operating lease liabilities $ 1,490 Between the fourth quarter of fiscal year 2025 and fiscal year 2027, we expect to commence leases with future obligations of $4.2 billion primarily of data center and office operating leases, with lease terms of 1.5 to 15.5 years. Operating lease expenses were $92 million and $69 million for the third quarter, and $258 million and $195 million for the first nine months, of fiscal years 2025 and 2024, respectively. Short-term and variable lease expenses for the third quarter and first nine months of fiscal years 2025 and 2024 were not significant. Other information related to leases was as follows: Nine Months Ended Oct 27, 2024 Oct 29, 2023 (In millions) Supplemental cash flows information Operating cash flow used for operating leases $ 227 $ 200 Operating lease assets obtained in exchange for lease obligations $ 679 $ 439 As of October 27, 2024, our operating leases have a weighted average remaining lease term of 6.5 years and a weighted average discount rate of 4.15%. 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	9 Months Ended
Stock-Based Compensation	Oct. 27, 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, or PSUs, that are based on our corporate financial performance targets, market-based PSUs that are performance stock units based on our performance compared to market performance, and the 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 Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions) Cost of revenue $ 50 $ 38 $ 125 $ 96 Research and development 910 701 2,469 1,826 Sales, general and administrative 292 240 822 633 Total $ 1,252 $ 979 $ 3,416 $ 2,555 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) Balance as of Jan 28, 2024 367 $ 24.59 Granted 84 $ 84.70 Vested (135) $ 23.03 Canceled and forfeited (8) $ 31.23 Balance as of Oct 27, 2024 308 $ 41.45 As of October 27, 2024, aggregate unearned stock-based compensation expense was $12.4 billion, which is expected to be recognized over a weighted average period of 2.3 years for RSUs, PSUs, and market-based PSUs, and one year for ESPP.

Net Income Per Share

Net Income Per Share	9 Months Ended
Net Income Per Share	Oct. 27, 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 Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions, except per share data) Numerator: Net income $ 19,309 $ 9,243 $ 50,789 $ 17,475 Denominator: Basic weighted average shares 24,533 24,680 24,577 24,700 Dilutive impact of outstanding equity awards 241 260 260 240 Diluted weighted average shares 24,774 24,940 24,837 24,940 Net income per share: Basic (1) $ 0.79 $ 0.37 $ 2.07 $ 0.71 Diluted (2) $ 0.78 $ 0.37 $ 2.04 $ 0.70 Anti-dilutive equity awards excluded from diluted net income per share 9 10 72 140 (1) Net income divided by basic weighted average shares. (2) Net income divided by diluted weighted average shares. Diluted net income per share was computed using the weighted average number of common and potentially dilutive shares outstanding during the period, using the treasury stock method.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Oct. 27, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $3.0 billion and $1.3 billion for the third quarter, and $8.0 billion and $2.2 billion for the first nine months, of fiscal years 2025 and 2024, respectively. The income tax expense as a percentage of income before income tax was 13.5% and 12.2% for the third quarter, and 13.6% and 11.3% for the first nine months, of fiscal years 2025 and 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 and a discrete benefit in fiscal year 2024 due to an IRS audit resolution. Effective tax rates for the first nine months of fiscal years 2025 and 2024 were lower than the U.S. federal statutory rate of 21% due to tax benefits from the foreign-derived intangible income deduction, stock-based compensation, the U.S. federal research tax credit, and income earned in jurisdictions that are subject to taxes lower than the U.S. federal statutory tax rate. Given our current and possible 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 information. 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 October 27, 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	9 Months Ended
Cash Equivalents and Marketable Securities	Oct. 27, 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: Oct 27, 2024 Amortized Unrealized Unrealized Estimated Reported as Cash Equivalents Marketable Securities (In millions) Debt securities issued by the U.S. Treasury $ 14,629 $ 72 $ (12) $ 14,689 $ 1,795 $ 12,894 Corporate debt securities 14,221 74 (17) 14,278 1,154 13,124 Money market funds 5,147 — — 5,147 5,147 — Debt securities issued by U.S. government agencies 3,542 11 (4) 3,549 759 2,790 Certificates of deposit 142 — — 142 42 100 Total debt securities with fair value adjustments recorded in other comprehensive income 37,681 157 (33) 37,805 8,897 28,908 Publicly-held equity securities (1) 472 — 472 Total $ 37,681 $ 157 $ (33) $ 38,277 $ 8,897 $ 29,380 (1) Fair value adjustments on publicly-held equity securities are recorded in net income. Beginning 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. Net unrealized gains on investments in publicly-held equity securities were not significant and $195 million for the third quarter and first nine months of fiscal year 2025, respectively. Net unrealized gains on investments in publicly-held equity securities were not significant for the third quarter and first nine months of fiscal year 2024. 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 debt 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: Oct 27, 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) Corporate debt securities $ 2,967 $ (17) $ 105 $ — $ 3,072 $ (17) Debt securities issued by the U.S. Treasury 2,562 (12) 532 — 3,094 (12) Debt securities issued by U.S. government agencies 1,134 (4) 21 — 1,155 (4) Total $ 6,663 $ (33) $ 658 $ — $ 7,321 $ (33) 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. Oct 27, 2024 Jan 28, 2024 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value (In millions) Less than one year $ 17,695 $ 17,715 $ 16,336 $ 16,329 Due in 1 - 5 years 19,986 20,090 9,348 9,395 Total $ 37,681 $ 37,805 $ 25,684 $ 25,724

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities	9 Months Ended
	Oct. 27, 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 Oct 27, 2024 Jan 28, 2024 (In millions) Assets Cash equivalents and marketable securities: Money market funds Level 1 $ 5,147 $ 3,031 Publicly-held equity securities Level 1 $ 472 $ — Debt securities issued by the U.S. Treasury Level 2 $ 14,689 $ 9,524 Corporate debt securities Level 2 $ 14,278 $ 10,152 Debt securities issued by U.S. government agencies Level 2 $ 3,549 $ 2,333 Certificates of deposit Level 2 $ 142 $ 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 $ 982 $ 970 1.55% Notes Due 2028 Level 2 $ 1,139 $ 1,115 2.85% Notes Due 2030 Level 2 $ 1,391 $ 1,367 2.00% Notes Due 2031 Level 2 $ 1,079 $ 1,057 3.50% Notes Due 2040 Level 2 $ 847 $ 851 3.50% Notes Due 2050 Level 2 $ 1,556 $ 1,604 3.70% Notes Due 2060 Level 2 $ 388 $ 403 (1) 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. Beginning 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 third quarter and first nine months of fiscal years 2025 and 2024 were as follows: Three Months Ended Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions) Balance at beginning of period $ 1,819 $ 676 $ 1,321 $ 288 Adjustments related to non-marketable equity securities: Net additions 409 341 830 743 Unrealized gains 23 3 115 3 Impairments and unrealized losses (14) (1) (29) (15) Balance at end of period $ 2,237 $ 1,019 $ 2,237 $ 1,019 Non-marketable equity securities had cumulative gross unrealized gains of $374 million and cumulative gross losses and impairments of $74 million as of October 27, 2024.

Amortizable Intangible Assets a

Amortizable Intangible Assets and Goodwill	9 Months Ended
Amortizable Intangible Assets and Goodwill	Oct. 27, 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: Oct 27, 2024 Jan 28, 2024 Gross Accumulated Net Carrying Gross Accumulated Net Carrying (In millions) Acquisition-related intangible assets $ 2,785 $ (2,117) $ 668 $ 2,642 $ (1,720) $ 922 Patents and licensed technology 444 (274) 170 449 (259) 190 Total intangible assets $ 3,229 $ (2,391) $ 838 $ 3,091 $ (1,979) $ 1,112 Amortization expense associated with intangible assets was $149 million and $144 million for the third quarter, and $438 million and $471 million for the first nine months, of fiscal years 2025 and 2024, respectively. The following table outlines the estimated amortization expense related to the net carrying amount of intangible assets as of October 27, 2024: Future Amortization Expense (In millions) Fiscal Year: 2025 (excluding the first nine months of fiscal year 2025) $ 150 2026 317 2027 203 2028 57 2029 10 2030 and thereafter 101 Total $ 838 In the first nine months of fiscal year 2025, goodwill increased by $294 million from business combinations assigned to our Compute & Networking reporting unit.

Balance Sheet Components

Balance Sheet Components	9 Months Ended
Balance Sheet Components	Oct. 27, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheet Components	Balance Sheet Components 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. Four direct customers accounted for 18%, 13%, 11% and 11% of our accounts receivable balance as of October 27, 2024. Two direct customers accounted for 24% and 11% of our accounts receivable balance as of January 28, 2024. Certain balance sheet components are as follows: Oct 27, 2024 Jan 28, 2024 Inventories: (In millions) Raw materials $ 1,846 $ 1,719 Work in process 2,881 1,505 Finished goods 2,927 2,058 Total inventories (1) $ 7,654 $ 5,282 (1) We recorded an inventory provision of $322 million and $208 million for the third quarter, and $876 million and $657 million for the first nine months, of fiscal years 2025 and 2024, respectively, in cost of revenue. Oct 27, 2024 Jan 28, 2024 Other Assets (Long Term): (In millions) Investments in non-affiliated entities $ 2,237 $ 1,546 Prepaid supply and capacity agreements (1) 2,041 2,458 Income tax receivable 568 — Prepaid royalties 346 364 Other 245 132 Total other assets $ 5,437 $ 4,500 (1) Prepaid supply and capacity agreements of $3.2 billion and $2.5 billion were included in Prepaid expenses and other current assets as of October 27, 2024 and January 28, 2024, respectively. Oct 27, 2024 Jan 28, 2024 Accrued and Other Current Liabilities: (In millions) Customer program accruals $ 4,740 $ 2,081 Excess inventory purchase obligations (1) 1,728 1,655 Taxes payable 1,356 296 Product warranty and return provisions 1,107 415 Deferred revenue (2) 752 764 Accrued payroll and related expenses 677 675 Operating leases 273 228 Unsettled share repurchases 180 187 Licenses and royalties 148 182 Other 165 199 Total accrued and other current liabilities $ 11,126 $ 6,682 (1) We recorded $543 million and $473 million for the third quarter, and $1.3 billion and $734 million for the first nine months, of fiscal years 2025 and 2024, respectively, in cost of revenue. (2) Includes customer advances and unearned revenue related to hardware support, software support, cloud services, and license and development arrangements. The balance as of October 27, 2024 and January 28, 2024 included $101 million and $233 million of customer advances, respectively. Oct 27, 2024 Jan 28, 2024 Other Long-Term Liabilities: (In millions) Income tax payable (1) $ 1,945 $ 1,361 Deferred revenue (2) 833 573 Deferred income tax 790 462 Other 115 145 Total other long-term liabilities $ 3,683 $ 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) Includes unearned revenue related to hardware support, software support and cloud services. Deferred Revenue The following table shows the changes in short- and long-term deferred revenue during the first nine months of fiscal years 2025 and 2024: Nine Months Ended Oct 27, 2024 Oct 29, 2023 (In millions) Balance at beginning of period $ 1,337 $ 572 Deferred revenue additions 2,115 1,269 Revenue recognized (1,867) (903) Balance at end of period $ 1,585 $ 938 We recognized revenue of $585 million and $256 million in the first nine months of fiscal years 2025 and 2024, respectively, that were included in the prior year end deferred revenue balances. As of October 27, 2024, revenue related to remaining performance obligations from contracts greater than one year in length was $1.6 billion, which includes $1.4 billion from deferred revenue and $187 million which has not yet been billed nor recognized as revenue. Approximately 37% of revenue from contracts greater than one year in length will be recognized over the next twelve months.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
Derivative Financial Instruments	Oct. 27, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments We utilize foreign currency forward contracts to mitigate the impact of foreign currency exchange rate movements on our operating expenses. The foreign currency forward contracts for operating expenses 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. For our foreign currency contracts for 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 contracts outstanding: Oct 27, 2024 Jan 28, 2024 (In millions) Designated as cash flow hedges $ 1,360 $ 1,168 Non-designated hedges $ 728 $ 597 The unrealized gains and losses or fair value of our foreign currency contracts were not significant as of October 27, 2024 and January 28, 2024. As of October 27, 2024, all designated foreign currency contracts mature within 18 months and any unrealized gains and losses were not significant. During the first nine months 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	9 Months Ended
Debt	Oct. 27, 2024
Debt Disclosure [Abstract]
Debt	Debt Long-Term Debt Expected Effective Carrying Value at Oct 27, 2024 Jan 28, 2024 (In millions) 0.584% Notes Due 2024 (1) — 0.66% $ — $ 1,250 3.20% Notes Due 2026 1.9 3.31% 1,000 1,000 1.55% Notes Due 2028 3.6 1.64% 1,250 1,250 2.85% Notes Due 2030 5.4 2.93% 1,500 1,500 2.00% Notes Due 2031 6.6 2.09% 1,250 1,250 3.50% Notes Due 2040 15.4 3.54% 1,000 1,000 3.50% Notes Due 2050 25.4 3.54% 2,000 2,000 3.70% Notes Due 2060 35.4 3.73% 500 500 Unamortized debt discount and issuance costs (38) (41) Net carrying amount 8,462 9,709 Less short-term portion — (1,250) Total long-term portion $ 8,462 $ 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 is calendar year. As of October 27, 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 October 27, 2024, we had no commercial paper outstanding.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Oct. 27, 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 October 27, 2024, we had outstanding inventory purchase and long-term supply and capacity obligations totaling $28.9 billion, an increase from the prior year primarily due to commitments for 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, or 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 $13.2 billion, including $11.3 billion of multi-year cloud service agreements. We expect our cloud service agreements to primarily be used to support our research and development efforts, as well as our DGX Cloud offerings. Total future purchase commitments as of October 27, 2024 are as follows: Commitments (In millions) Fiscal Year: 2025 (excluding the first nine months of fiscal year 2025) $ 14,178 2026 18,895 2027 3,381 2028 2,979 2029 1,990 2030 and thereafter 621 Total $ 42,044 Accrual for Product Warranty Liabilities The estimated amount of product warranty liabilities was $1.0 billion and $306 million as of October 27, 2024 and January 28, 2024, respectively. The estimated product returns and product warranty activity consisted of the following: Three Months Ended Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions) Balance at beginning of period $ 741 $ 115 $ 306 $ 82 Additions 304 50 775 105 Utilization (36) (23) (72) (45) Balance at end of period $ 1,009 $ 142 $ 1,009 $ 142 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. Briefing concluded on October 25, 2024 and the Supreme Court heard oral arguments on 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 October 27, 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	9 Months Ended
Shareholders' Equity	Oct. 27, 2024
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Capital Return Program We repurchased 92 million and 83 million shares of our common stock for $11.1 billion and $3.7 billion during the third quarter, and 254 million and 159 million shares of our common stock for $26.2 billion and $7 billion during the first nine months, of fiscal years 2025 and 2024, respectively. On August 26, 2024, our Board of Directors approved an additional $50 billion to our share repurchase authorization, without expiration. As of October 27, 2024, we were authorized, subject to certain specifications, to repurchase up to $46.4 billion of our common stock. 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 October 28, 2024 through November 15, 2024, we repurchased 19 million shares for $2.7 billion pursuant to a pre-established trading plan. We paid cash dividends to our shareholders of $245 million and $99 million during the third quarter, and $589 million and $296 million during the first nine months, of fiscal years 2025 and 2024, 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	9 Months Ended
Segment Information	Oct. 27, 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 review 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 Oct 27, 2024 Revenue $ 31,036 $ 4,046 $ — $ 35,082 Operating income (loss) $ 22,081 $ 1,502 $ (1,714) $ 21,869 Three Months Ended Oct 29, 2023 Revenue $ 14,645 $ 3,475 $ — $ 18,120 Operating income (loss) $ 10,262 $ 1,493 $ (1,338) $ 10,417 Nine Months Ended Oct 27, 2024 Revenue $ 80,157 $ 11,009 $ — $ 91,166 Operating income (loss) $ 57,977 $ 4,111 $ (4,669) $ 57,419 Nine Months Ended Oct 29, 2023 Revenue $ 29,507 $ 9,312 $ — $ 38,819 Operating income (loss) $ 19,149 $ 3,751 $ (3,542) $ 19,358 Three Months Ended Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions) Reconciling items included in "All Other" category: Stock-based compensation expense $ (1,252) $ (979) $ (3,416) $ (2,555) Unallocated cost of revenue and operating expenses (307) (198) (816) (515) Acquisition-related and other costs (155) (135) (441) (446) Other — (26) 4 (26) Total $ (1,714) $ (1,338) $ (4,669) $ (3,542) Revenue by geographic area 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 area was as follows: Three Months Ended Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions) Revenue: United States $ 14,800 $ 6,302 $ 41,318 $ 14,730 Singapore 7,697 2,702 17,356 4,506 China (including Hong Kong) 5,416 4,030 11,574 8,360 Taiwan 5,153 4,333 15,266 8,968 Other countries 2,016 753 5,652 2,255 Total revenue $ 35,082 $ 18,120 $ 91,166 $ 38,819 We refer to customers who purchase products directly from NVIDIA as direct customers, such as add-in board manufacturers, distributors, ODMs, 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 Nine Months Ended Oct 27, 2024 Oct 27, 2024 Customer A 12 % * Customer B 12 % 11 % Customer C 12 % 11 % Customer D * 12 % * Less than 10% of total revenue The customer references of A-D above may represent different customers than those reported in a previous period. Sales to one direct customer represented 12% of total revenue for the third quarter of fiscal year 2024, and sales to a second direct customer represented 11% of total revenue for the first nine months of fiscal year 2024, both of which were attributable to the Compute & Networking segment. The following table summarizes revenue by specialized markets: Three Months Ended Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions) Revenue: Data Center $ 30,771 $ 14,514 $ 79,606 $ 29,121 Compute 27,644 11,908 69,640 23,877 Networking 3,127 2,606 9,966 5,244 Gaming 3,279 2,856 8,806 7,582 Professional Visualization 486 416 1,367 1,090 Automotive 449 261 1,124 810 OEM and Other 97 73 263 216 Total revenue $ 35,082 $ 18,120 $ 91,166 $ 38,819

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Pay vs Performance Disclosure
Net income	$ 19,309	$ 9,243	$ 50,789	$ 17,475

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
Insider Trading Arrangements	Oct. 27, 2024 shares	Oct. 27, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Aarti Shah [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On September 27, 2024, Aarti Shah, a member of our Board of Directors, adopted a Rule 10b5-1 Trading Arrangement for the sale of up to 29,000 shares of our common stock through March 31, 2026.
Name	Aarti Shah
Title	member of our Board of Directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	September 27, 2024
Expiration Date	March 31, 2026
Arrangement Duration	550 days
Aggregate Available	29,000	29,000
Ajay K. Puri [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On September 30, 2024, Ajay K. Puri, Executive Vice President, Worldwide Field Operations, adopted a Rule 10b5-1 Trading Arrangement for the sale of up to 204,890 shares of our common stock through December 30, 2025.
Name	Ajay K. Puri
Title	Executive Vice President
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	September 30, 2024
Expiration Date	December 30, 2025
Arrangement Duration	456 days
Aggregate Available	204,890	204,890

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Oct. 27, 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 third 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 fiscal year 2025 annual report. 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 fiscal year 2026 annual report. We are currently evaluating the impact of this standard on our Consolidated Financial Statements. In November 2024, the FASB issued a new accounting standard requiring disclosures of certain additional expense information on an annual and interim basis, including, among other items, the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each income statement expense caption, as applicable. We expect to adopt this standard in our fiscal year 2028 annual report. We are currently evaluating the impact of this standard on our Consolidated Financial Statements.

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Oct. 27, 2024
Leases [Abstract]
Schedule of Future Minimum Lease Obligations	Future minimum lease obligations under our non-cancelable lease agreements as of October 27, 2024 were as follows: Operating Lease Obligations (In millions) Fiscal Year: 2025 (excluding the first nine months of fiscal year 2025) $ 78 2026 336 2027 340 2028 320 2029 288 2030 and thereafter 667 Total 2,029 Less imputed interest 266 Present value of net future minimum lease payments 1,763 Less short-term operating lease liabilities 273 Long-term operating lease liabilities $ 1,490
Schedule of Other Information Related to Leases	Other information related to leases was as follows: Nine Months Ended Oct 27, 2024 Oct 29, 2023 (In millions) Supplemental cash flows information Operating cash flow used for operating leases $ 227 $ 200 Operating lease assets obtained in exchange for lease obligations $ 679 $ 439

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
Stock-Based Compensation (Tables)	Oct. 27, 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 Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions) Cost of revenue $ 50 $ 38 $ 125 $ 96 Research and development 910 701 2,469 1,826 Sales, general and administrative 292 240 822 633 Total $ 1,252 $ 979 $ 3,416 $ 2,555
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) Balance as of Jan 28, 2024 367 $ 24.59 Granted 84 $ 84.70 Vested (135) $ 23.03 Canceled and forfeited (8) $ 31.23 Balance as of Oct 27, 2024 308 $ 41.45

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
Net Income Per Share (Tables)	Oct. 27, 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 Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions, except per share data) Numerator: Net income $ 19,309 $ 9,243 $ 50,789 $ 17,475 Denominator: Basic weighted average shares 24,533 24,680 24,577 24,700 Dilutive impact of outstanding equity awards 241 260 260 240 Diluted weighted average shares 24,774 24,940 24,837 24,940 Net income per share: Basic (1) $ 0.79 $ 0.37 $ 2.07 $ 0.71 Diluted (2) $ 0.78 $ 0.37 $ 2.04 $ 0.70 Anti-dilutive equity awards excluded from diluted net income per share 9 10 72 140 (1) Net income divided by basic weighted average shares. (2) Net income divided by diluted weighted average shares.

Cash Equivalents and Marketab_2

Cash Equivalents and Marketable Securities (Tables)	9 Months Ended
Cash Equivalents and Marketable Securities (Tables)	Oct. 27, 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: Oct 27, 2024 Amortized Unrealized Unrealized Estimated Reported as Cash Equivalents Marketable Securities (In millions) Debt securities issued by the U.S. Treasury $ 14,629 $ 72 $ (12) $ 14,689 $ 1,795 $ 12,894 Corporate debt securities 14,221 74 (17) 14,278 1,154 13,124 Money market funds 5,147 — — 5,147 5,147 — Debt securities issued by U.S. government agencies 3,542 11 (4) 3,549 759 2,790 Certificates of deposit 142 — — 142 42 100 Total debt securities with fair value adjustments recorded in other comprehensive income 37,681 157 (33) 37,805 8,897 28,908 Publicly-held equity securities (1) 472 — 472 Total $ 37,681 $ 157 $ (33) $ 38,277 $ 8,897 $ 29,380 (1) Fair value adjustments on publicly-held equity securities are recorded in net income. Beginning 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 debt 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. Oct 27, 2024 Jan 28, 2024 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value (In millions) Less than one year $ 17,695 $ 17,715 $ 16,336 $ 16,329 Due in 1 - 5 years 19,986 20,090 9,348 9,395 Total $ 37,681 $ 37,805 $ 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: Oct 27, 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) Corporate debt securities $ 2,967 $ (17) $ 105 $ — $ 3,072 $ (17) Debt securities issued by the U.S. Treasury 2,562 (12) 532 — 3,094 (12) Debt securities issued by U.S. government agencies 1,134 (4) 21 — 1,155 (4) Total $ 6,663 $ (33) $ 658 $ — $ 7,321 $ (33) 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)	9 Months Ended
	Oct. 27, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Assets and Liabilities	Pricing Category Fair Value at Oct 27, 2024 Jan 28, 2024 (In millions) Assets Cash equivalents and marketable securities: Money market funds Level 1 $ 5,147 $ 3,031 Publicly-held equity securities Level 1 $ 472 $ — Debt securities issued by the U.S. Treasury Level 2 $ 14,689 $ 9,524 Corporate debt securities Level 2 $ 14,278 $ 10,152 Debt securities issued by U.S. government agencies Level 2 $ 3,549 $ 2,333 Certificates of deposit Level 2 $ 142 $ 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 $ 982 $ 970 1.55% Notes Due 2028 Level 2 $ 1,139 $ 1,115 2.85% Notes Due 2030 Level 2 $ 1,391 $ 1,367 2.00% Notes Due 2031 Level 2 $ 1,079 $ 1,057 3.50% Notes Due 2040 Level 2 $ 847 $ 851 3.50% Notes Due 2050 Level 2 $ 1,556 $ 1,604 3.70% Notes Due 2060 Level 2 $ 388 $ 403 (1) 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 third quarter and first nine months of fiscal years 2025 and 2024 were as follows: Three Months Ended Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions) Balance at beginning of period $ 1,819 $ 676 $ 1,321 $ 288 Adjustments related to non-marketable equity securities: Net additions 409 341 830 743 Unrealized gains 23 3 115 3 Impairments and unrealized losses (14) (1) (29) (15) Balance at end of period $ 2,237 $ 1,019 $ 2,237 $ 1,019

Amortizable Intangible Assets_2

Amortizable Intangible Assets and Goodwill (Tables)	9 Months Ended
Amortizable Intangible Assets and Goodwill (Tables)	Oct. 27, 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: Oct 27, 2024 Jan 28, 2024 Gross Accumulated Net Carrying Gross Accumulated Net Carrying (In millions) Acquisition-related intangible assets $ 2,785 $ (2,117) $ 668 $ 2,642 $ (1,720) $ 922 Patents and licensed technology 444 (274) 170 449 (259) 190 Total intangible assets $ 3,229 $ (2,391) $ 838 $ 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 October 27, 2024: Future Amortization Expense (In millions) Fiscal Year: 2025 (excluding the first nine months of fiscal year 2025) $ 150 2026 317 2027 203 2028 57 2029 10 2030 and thereafter 101 Total $ 838

Balance Sheet Components (Table

Balance Sheet Components (Tables)	9 Months Ended
Balance Sheet Components (Tables)	Oct. 27, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Inventory	Certain balance sheet components are as follows: Oct 27, 2024 Jan 28, 2024 Inventories: (In millions) Raw materials $ 1,846 $ 1,719 Work in process 2,881 1,505 Finished goods 2,927 2,058 Total inventories (1) $ 7,654 $ 5,282 (1) We recorded an inventory provision of $322 million and $208 million for the third quarter, and $876 million and $657 million for the first nine months, of fiscal years 2025 and 2024, respectively, in cost of revenue.
Schedule of Other Assets	Oct 27, 2024 Jan 28, 2024 Other Assets (Long Term): (In millions) Investments in non-affiliated entities $ 2,237 $ 1,546 Prepaid supply and capacity agreements (1) 2,041 2,458 Income tax receivable 568 — Prepaid royalties 346 364 Other 245 132 Total other assets $ 5,437 $ 4,500 (1) Prepaid supply and capacity agreements of $3.2 billion and $2.5 billion were included in Prepaid expenses and other current assets as of October 27, 2024 and January 28, 2024, respectively.
Schedule of Accrued and Other Current Liabilities	Oct 27, 2024 Jan 28, 2024 Accrued and Other Current Liabilities: (In millions) Customer program accruals $ 4,740 $ 2,081 Excess inventory purchase obligations (1) 1,728 1,655 Taxes payable 1,356 296 Product warranty and return provisions 1,107 415 Deferred revenue (2) 752 764 Accrued payroll and related expenses 677 675 Operating leases 273 228 Unsettled share repurchases 180 187 Licenses and royalties 148 182 Other 165 199 Total accrued and other current liabilities $ 11,126 $ 6,682 (1) We recorded $543 million and $473 million for the third quarter, and $1.3 billion and $734 million for the first nine months, of fiscal years 2025 and 2024, respectively, in cost of revenue. (2) Includes customer advances and unearned revenue related to hardware support, software support, cloud services, and license and development arrangements. The balance as of October 27, 2024 and January 28, 2024 included $101 million and $233 million of customer advances, respectively.
Schedule of Other Long-term Liabilities	Oct 27, 2024 Jan 28, 2024 Other Long-Term Liabilities: (In millions) Income tax payable (1) $ 1,945 $ 1,361 Deferred revenue (2) 833 573 Deferred income tax 790 462 Other 115 145 Total other long-term liabilities $ 3,683 $ 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) Includes unearned revenue related to hardware support, software support and cloud services.
Schedule of Changes in Deferred Revenue	The following table shows the changes in short- and long-term deferred revenue during the first nine months of fiscal years 2025 and 2024: Nine Months Ended Oct 27, 2024 Oct 29, 2023 (In millions) Balance at beginning of period $ 1,337 $ 572 Deferred revenue additions 2,115 1,269 Revenue recognized (1,867) (903) Balance at end of period $ 1,585 $ 938

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
Derivative Financial Instruments (Tables)	Oct. 27, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Value of Our Foreign Currency Contracts Outstanding	The table below presents the notional value of our foreign currency contracts outstanding: Oct 27, 2024 Jan 28, 2024 (In millions) Designated as cash flow hedges $ 1,360 $ 1,168 Non-designated hedges $ 728 $ 597

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Oct. 27, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Expected Effective Carrying Value at Oct 27, 2024 Jan 28, 2024 (In millions) 0.584% Notes Due 2024 (1) — 0.66% $ — $ 1,250 3.20% Notes Due 2026 1.9 3.31% 1,000 1,000 1.55% Notes Due 2028 3.6 1.64% 1,250 1,250 2.85% Notes Due 2030 5.4 2.93% 1,500 1,500 2.00% Notes Due 2031 6.6 2.09% 1,250 1,250 3.50% Notes Due 2040 15.4 3.54% 1,000 1,000 3.50% Notes Due 2050 25.4 3.54% 2,000 2,000 3.70% Notes Due 2060 35.4 3.73% 500 500 Unamortized debt discount and issuance costs (38) (41) Net carrying amount 8,462 9,709 Less short-term portion — (1,250) Total long-term portion $ 8,462 $ 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)	9 Months Ended
Commitments and Contingencies (Tables)	Oct. 27, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Purchase Obligation, Fiscal Year Maturity	Total future purchase commitments as of October 27, 2024 are as follows: Commitments (In millions) Fiscal Year: 2025 (excluding the first nine months of fiscal year 2025) $ 14,178 2026 18,895 2027 3,381 2028 2,979 2029 1,990 2030 and thereafter 621 Total $ 42,044
Schedule of Product Warranty Activity	The estimated product returns and product warranty activity consisted of the following: Three Months Ended Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions) Balance at beginning of period $ 741 $ 115 $ 306 $ 82 Additions 304 50 775 105 Utilization (36) (23) (72) (45) Balance at end of period $ 1,009 $ 142 $ 1,009 $ 142

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Oct. 27, 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 Oct 27, 2024 Revenue $ 31,036 $ 4,046 $ — $ 35,082 Operating income (loss) $ 22,081 $ 1,502 $ (1,714) $ 21,869 Three Months Ended Oct 29, 2023 Revenue $ 14,645 $ 3,475 $ — $ 18,120 Operating income (loss) $ 10,262 $ 1,493 $ (1,338) $ 10,417 Nine Months Ended Oct 27, 2024 Revenue $ 80,157 $ 11,009 $ — $ 91,166 Operating income (loss) $ 57,977 $ 4,111 $ (4,669) $ 57,419 Nine Months Ended Oct 29, 2023 Revenue $ 29,507 $ 9,312 $ — $ 38,819 Operating income (loss) $ 19,149 $ 3,751 $ (3,542) $ 19,358 Three Months Ended Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions) Reconciling items included in "All Other" category: Stock-based compensation expense $ (1,252) $ (979) $ (3,416) $ (2,555) Unallocated cost of revenue and operating expenses (307) (198) (816) (515) Acquisition-related and other costs (155) (135) (441) (446) Other — (26) 4 (26) Total $ (1,714) $ (1,338) $ (4,669) $ (3,542)
Schedule of Revenue by Geographic Regions	Revenue by geographic area was as follows: Three Months Ended Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions) Revenue: United States $ 14,800 $ 6,302 $ 41,318 $ 14,730 Singapore 7,697 2,702 17,356 4,506 China (including Hong Kong) 5,416 4,030 11,574 8,360 Taiwan 5,153 4,333 15,266 8,968 Other countries 2,016 753 5,652 2,255 Total revenue $ 35,082 $ 18,120 $ 91,166 $ 38,819
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 Nine Months Ended Oct 27, 2024 Oct 27, 2024 Customer A 12 % * Customer B 12 % 11 % Customer C 12 % 11 % Customer D * 12 % * Less than 10% of total revenue The customer references of A-D above may represent different customers than those reported in a previous period.
Schedule of Revenue by Specialized Markets	The following table summarizes revenue by specialized markets: Three Months Ended Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 (In millions) Revenue: Data Center $ 30,771 $ 14,514 $ 79,606 $ 29,121 Compute 27,644 11,908 69,640 23,877 Networking 3,127 2,606 9,966 5,244 Gaming 3,279 2,856 8,806 7,582 Professional Visualization 486 416 1,367 1,090 Automotive 449 261 1,124 810 OEM and Other 97 73 263 216 Total revenue $ 35,082 $ 18,120 $ 91,166 $ 38,819

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 Lease Obligations (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Leases [Abstract]
2025 (excluding the first nine months of fiscal year 2025)	$ 78
2026	336
2027	340
2028	320
2029	288
2030 and thereafter	667
Total	2,029
Less imputed interest	266
Present value of net future minimum lease payments	1,763
Less short-term operating lease liabilities	273	$ 228
Long-term operating lease liabilities	$ 1,490	$ 1,119

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023	Jan. 28, 2024
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 92	$ 69	$ 258	$ 195
Weighted average remaining lease term - operating leases (in years)	6 years 6 months		6 years 6 months		6 years 1 month 6 days
Weighted average discount rate - operating leases (percent)	4.15%		4.15%		3.76%
Leases Not yet Commenced
Lessee, Lease, Description [Line Items]
Operating lease, not yet commenced, amount	$ 4,200		$ 4,200
Minimum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term of contract (in years)	1 year 6 months		1 year 6 months
Maximum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term of contract (in years)	15 years 6 months		15 years 6 months

Leases - Schedule of Other Leas

Leases - Schedule of Other Lease Information (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023
Supplemental disclosure of cash flow information:
Operating cash flow used for operating leases	$ 227	$ 200
Operating lease assets obtained in exchange for lease obligations	$ 679	$ 439

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Share-based Compensation
Stock-based compensation expense	$ 1,252	$ 979	$ 3,416	$ 2,555
Cost of revenue
Share-based Compensation
Stock-based compensation expense	50	38	125	96
Research and development
Share-based Compensation
Stock-based compensation expense	910	701	2,469	1,826
Sales, general and administrative
Share-based Compensation
Stock-based compensation expense	$ 292	$ 240	$ 822	$ 633

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Equity Awards (Details) - RSUs, PSUs, and Market-based PSUs shares in Millions	9 Months Ended
	Oct. 27, 2024 $ / shares shares
Number of Shares
Outstanding, beginning balance (in shares) \| shares	367
Granted (in shares) \| shares	84
Vested (in shares) \| shares	(135)
Canceled and forfeited (in shares) \| shares	(8)
Outstanding, ending balance (in shares) \| shares	308
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	84.70
Weighted average grant date fair value, Vested (in dollars per share) \| $ / shares	23.03
Weighted average grant date fair value, canceled and forfeited (in dollars per share) \| $ / shares	31.23
Weighted average grant date fair value, ending balance (in dollars per share) \| $ / shares	$ 41.45

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ in Billions	9 Months Ended
	Oct. 27, 2024 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unearned stock-based compensation expense	$ 12.4
RSUs, PSUs, and Market-based PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated weighted average amortization period	2 years 3 months 18 days
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated weighted average amortization period	1 year

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Numerator:
Net income	$ 19,309	$ 9,243	$ 50,789	$ 17,475
Denominator:
Basic weighted average shares (in shares)	24,533	24,680	24,577	24,700
Dilutive impact of outstanding equity awards (in shares)	241	260	260	240
Diluted weighted average shares (in shares)	24,774	24,940	24,837	24,940
Net income per share:
Basic (in dollars per share)	$ 0.79	$ 0.37	$ 2.07	$ 0.71
Diluted (in dollars per share)	$ 0.78	$ 0.37	$ 2.04	$ 0.70
Anti-dilutive equity awards excluded from diluted net income per share (in shares)	9	10	72	140

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 3,007	$ 1,279	$ 8,020	$ 2,237
Tax expense (benefit) as a percentage of income before income tax (percent)	13.50%	12.20%	13.60%	11.30%

Cash Equivalents and Marketab_3

Cash Equivalents and Marketable Securities - Schedule of Securities (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Summary of cash equivalents and marketable securities:
Amortized Cost	$ 37,681	$ 25,684
Unrealized Gain	157
Unrealized Loss	(33)
Estimated Fair Value	37,805	25,724
Cash Equivalents	8,897
Estimated Fair Value, Total	38,277
Marketable securities, total	29,380
Total debt securities with fair value adjustments recorded in other comprehensive income
Summary of cash equivalents and marketable securities:
Amortized Cost	37,681	25,684
Unrealized Gain	157	56
Unrealized Loss	(33)	(16)
Estimated Fair Value	37,805	25,724
Cash Equivalents	8,897	7,020
Marketable Securities	28,908	18,704
Debt securities issued by the U.S. Treasury
Summary of cash equivalents and marketable securities:
Amortized Cost	14,629	9,517
Unrealized Gain	72	17
Unrealized Loss	(12)	(10)
Estimated Fair Value	14,689	9,524
Cash Equivalents	1,795	1,315
Marketable Securities	12,894	8,209
Corporate debt securities
Summary of cash equivalents and marketable securities:
Amortized Cost	14,221	10,126
Unrealized Gain	74	31
Unrealized Loss	(17)	(5)
Estimated Fair Value	14,278	10,152
Cash Equivalents	1,154	2,231
Marketable Securities	13,124	7,921
Money market funds
Summary of cash equivalents and marketable securities:
Amortized Cost	5,147	3,031
Unrealized Gain	0	0
Unrealized Loss	0	0
Estimated Fair Value	5,147	3,031
Cash Equivalents	5,147	3,031
Marketable Securities	0	0
Debt securities issued by U.S. government agencies
Summary of cash equivalents and marketable securities:
Amortized Cost	3,542	2,326
Unrealized Gain	11	8
Unrealized Loss	(4)	(1)
Estimated Fair Value	3,549	2,333
Cash Equivalents	759	89
Marketable Securities	2,790	2,244
Certificates of deposit
Summary of cash equivalents and marketable securities:
Amortized Cost	142	510
Unrealized Gain	0	0
Unrealized Loss	0	0
Estimated Fair Value	142	510
Cash Equivalents	42	294
Marketable Securities	100	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	$ 472

Cash Equivalents and Marketab_4

Cash Equivalents and Marketable Securities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Oct. 27, 2024	Oct. 27, 2024
Level 1 \| Publicly-held equity securities
Summary of cash equivalents and marketable securities:
Net unrealized gains on investments in publicly held equity securities	$ 195	$ 195

Cash Equivalents and Marketab_5

Cash Equivalents and Marketable Securities - Schedule of Unrealized Losses Aggregated by Investment Category (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Estimated Fair Value
Less than 12 Months	$ 6,663	$ 5,319
12 Months or Greater	658	1,696
Total	7,321	7,015
Gross Unrealized Loss
Less than 12 Months	(33)	(9)
12 Months or Greater	0	(7)
Total	(33)	(16)
Corporate debt securities
Estimated Fair Value
Less than 12 Months	2,967	1,306
12 Months or Greater	105	618
Total	3,072	1,924
Gross Unrealized Loss
Less than 12 Months	(17)	(3)
12 Months or Greater	0	(2)
Total	(17)	(5)
Debt securities issued by the U.S. Treasury
Estimated Fair Value
Less than 12 Months	2,562	3,343
12 Months or Greater	532	1,078
Total	3,094	4,421
Gross Unrealized Loss
Less than 12 Months	(12)	(5)
12 Months or Greater	0	(5)
Total	(12)	(10)
Debt securities issued by U.S. government agencies
Estimated Fair Value
Less than 12 Months	1,134	670
12 Months or Greater	21	0
Total	1,155	670
Gross Unrealized Loss
Less than 12 Months	(4)	(1)
12 Months or Greater	0	0
Total	$ (4)	$ (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	Oct. 27, 2024	Jan. 28, 2024
Amortized Cost
Less than one year	$ 17,695	$ 16,336
Due in 1 - 5 years	19,986	9,348
Amortized Cost	37,681	25,684
Estimated Fair Value
Less than one year	17,715	16,329
Due in 1 - 5 years	20,090	9,395
Estimated Fair Value	$ 37,805	$ 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	Oct. 27, 2024	Jul. 28, 2024	Jan. 28, 2024
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	$ 37,805		$ 25,724
0.584% Notes Due 2024 \| Notes Payable
Liabilities
Stated interest rate (percent)	0.584%	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	$ 5,147		$ 3,031
Corporate debt securities
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	14,278		10,152
Debt securities issued by the U.S. Treasury
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	14,689		9,524
Debt securities issued by U.S. government agencies
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	3,549		2,333
Certificates of deposit
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	142		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	472
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	5,147		3,031
Level 1 \| Publicly-held equity securities
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	472		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	982		970
Level 2 \| 1.55% Notes Due 2028 \| Notes Payable
Liabilities
Notes	1,139		1,115
Level 2 \| 2.85% Notes Due 2030 \| Notes Payable
Liabilities
Notes	1,391		1,367
Level 2 \| 2.00% Notes Due 2031 \| Notes Payable
Liabilities
Notes	1,079		1,057
Level 2 \| 3.50% Notes Due 2040 \| Notes Payable
Liabilities
Notes	847		851
Level 2 \| 3.50% Notes Due 2050 \| Notes Payable
Liabilities
Notes	1,556		1,604
Level 2 \| 3.70% Notes Due 2060 \| Notes Payable
Liabilities
Notes	388		403
Level 2 \| Corporate debt securities
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	14,278		10,152
Level 2 \| Debt securities issued by the U.S. Treasury
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	14,689		9,524
Level 2 \| Debt securities issued by U.S. government agencies
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	3,549		2,333
Level 2 \| Certificates of deposit
Cash equivalents and marketable securities:
Cash equivalents and marketable securities	142		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		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Fair Value Disclosures [Abstract]
Balance at beginning of period	$ 1,819	$ 676	$ 1,321	$ 288
Net additions	409	341	830	743
Unrealized gains	23	3	115	3
Impairments and unrealized losses	(14)	(1)	(29)	(15)
Balance at end of period	$ 2,237	$ 1,019	$ 2,237	$ 1,019

Fair Value of Financial Asset_5

Fair Value of Financial Assets and Liabilities and Investments in Non-Affiliated Entities - Narrative (Details) $ in Millions	Oct. 27, 2024 USD ($)
Fair Value Disclosures [Abstract]
Cumulative gross unrealized gains	$ 374
Cumulative gross losses and impairments	$ 74

Amortizable Intangible Assets_3

Amortizable Intangible Assets and Goodwill (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023	Jan. 28, 2024
Amortizable intangible assets components
Gross Carrying Amount	$ 3,229		$ 3,229		$ 3,091
Accumulated Amortization	(2,391)		(2,391)		(1,979)
Net Carrying Amount	838		838		1,112
Amortization expense	149	$ 144	438	$ 471
Increase in carrying amount of goodwill			294
Amortization expense associated with intangible assets
2025 (excluding the first nine months of fiscal year 2025)	150		150
2026	317		317
2027	203		203
2028	57		57
2029	10		10
2030 and thereafter	101		101
Net Carrying Amount	838		838		1,112
Acquisition-related intangible assets
Amortizable intangible assets components
Gross Carrying Amount	2,785		2,785		2,642
Accumulated Amortization	(2,117)		(2,117)		(1,720)
Net Carrying Amount	668		668		922
Amortization expense associated with intangible assets
Net Carrying Amount	668		668		922
Patents and licensed technology
Amortizable intangible assets components
Gross Carrying Amount	444		444		449
Accumulated Amortization	(274)		(274)		(259)
Net Carrying Amount	170		170		190
Amortization expense associated with intangible assets
Net Carrying Amount	$ 170		$ 170		$ 190

Balance Sheet Components - Narr

Balance Sheet Components - Narrative (Details) - Accounts Receivable - Customer Concentration Risk	9 Months Ended	12 Months Ended
	Oct. 27, 2024	Jan. 28, 2024
Customer One
Supply Commitment [Line Items]
Concentration risk (as percent)	18%	24%
Customers Two
Supply Commitment [Line Items]
Concentration risk (as percent)	13%	11%
Customer Three
Supply Commitment [Line Items]
Concentration risk (as percent)	11%
Customer Four
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		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023	Jan. 28, 2024
Inventories
Raw materials	$ 1,846		$ 1,846		$ 1,719
Work in process	2,881		2,881		1,505
Finished goods	2,927		2,927		2,058
Total inventories	7,654		7,654		$ 5,282
Inventory reserve expense	$ 322	$ 208	$ 876	$ 657

Balance Sheet Components - Sc_2

Balance Sheet Components - Schedule of Other Assets (Long Term) (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Other Assets (Long Term):
Investments in non-affiliated entities	$ 2,237	$ 1,546
Prepaid supply and capacity agreements	2,041	2,458
Income tax receivable	568	0
Prepaid royalties	346	364
Other	245	132
Total other assets	5,437	4,500
Prepaid expenses and other current assets	3,806	3,080
Supply and Capacity Agreements
Other Assets (Long Term):
Prepaid expenses and other current assets	$ 3,200	$ 2,500

Balance Sheet Components - Sc_3

Balance Sheet Components - Schedule of Accrued and Other Current Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023	Jan. 28, 2024
Accrued and Other Current Liabilities:
Customer program accruals	$ 4,740		$ 4,740		$ 2,081
Excess inventory purchase obligations	1,728		1,728		1,655
Taxes payable	1,356		1,356		296
Product warranty and return provisions	1,107		1,107		415
Deferred revenue	752		752		764
Accrued payroll and related expenses	677		677		675
Operating leases	273		273		228
Unsettled share repurchases	180		180		187
Licenses and royalties	148		148		182
Other	165		165		199
Total accrued and other current liabilities	$ 11,126		$ 11,126		$ 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	$ 8,926	$ 4,720	$ 22,031	$ 11,309
Inventory Purchase Obligations In Excess Of Projections
Accrued and Other Current Liabilities:
Cost of revenue	543	$ 473	1,300	$ 734
Nature Of Expense, Customer Advances
Accrued and Other Current Liabilities:
Deferred revenue	$ 101		$ 101		$ 233

Balance Sheet Components - Sc_4

Balance Sheet Components - Schedule of Other Long-term Liabilities (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jan. 28, 2024
Other Long-Term Liabilities:
Income tax payable	$ 1,945	$ 1,361
Deferred revenue	833	573
Deferred income tax	790	462
Other	115	145
Total other long-term liabilities	$ 3,683	$ 2,541

Balance Sheet Components - Sc_5

Balance Sheet Components - Schedule of Changes in Deferred Revenue (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023
Change in Deferred Revenue
Balance at beginning of period	$ 1,337	$ 572
Deferred revenue additions	2,115	1,269
Revenue recognized	(1,867)	(903)
Balance at end of period	$ 1,585	$ 938

Balance Sheet Components - Reve

Balance Sheet Components - Revenue Remaining Performance Obligation (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognized that was previously included in deferred revenue	$ 585	$ 256
Revenue related to remaining performance obligations	1,600
Revenue related to remaining performance obligations - amount from deferred revenues	1,400
Unbilled revenue	$ 187
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-28
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation (as percent)	37%
Expected performance period (in months)	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	Oct. 27, 2024	Jan. 28, 2024
Designated as cash flow hedges
Derivative [Line Items]
Notional values of derivative contracts	$ 1,360	$ 1,168
Non-designated hedges
Derivative [Line Items]
Notional values of derivative contracts	$ 728	$ 597

Derivative Financial Instrume_4

Derivative Financial Instruments - Narrative (Details)	9 Months Ended
Derivative Financial Instruments - Narrative (Details)	Oct. 27, 2024
Foreign currency forward contracts
Derivative [Line Items]
Maximum maturity period (in months)	18 months

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 27, 2024	Jul. 28, 2024	Jan. 28, 2024
Debt Instrument [Line Items]
Unamortized debt discount and issuance costs	$ (38)		$ (41)
Net carrying amount	8,462		9,709
Less short-term portion	0		(1,250)
Total long-term portion	$ 8,462		$ 8,459
0.584% Notes Due 2024 \| Notes Payable
Debt Instrument [Line Items]
Interest rate (as percent)	0.584%	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)	1 year 10 months 24 days
Effective Interest Rate	3.31%
Gross carrying amount	$ 1,000		$ 1,000
1.55% Notes Due 2028 \| Notes Payable
Debt Instrument [Line Items]
Interest rate (as percent)	1.55%		1.55%
Expected Remaining Term (years)	3 years 7 months 6 days
Effective Interest Rate	1.64%
Gross carrying amount	$ 1,250		$ 1,250
2.85% Notes Due 2030 \| Notes Payable
Debt Instrument [Line Items]
Interest rate (as percent)	2.85%		2.85%
Expected Remaining Term (years)	5 years 4 months 24 days
Effective Interest Rate	2.93%
Gross carrying amount	$ 1,500		$ 1,500
2.00% Notes Due 2031 \| Notes Payable
Debt Instrument [Line Items]
Interest rate (as percent)	2%		2%
Expected Remaining Term (years)	6 years 7 months 6 days
Effective Interest Rate	2.09%
Gross carrying amount	$ 1,250		$ 1,250
3.50% Notes Due 2040 \| Notes Payable
Debt Instrument [Line Items]
Interest rate (as percent)	3.50%		3.50%
Expected Remaining Term (years)	15 years 4 months 24 days
Effective Interest Rate	3.54%
Gross carrying amount	$ 1,000		$ 1,000
3.50% Notes Due 2050 \| Notes Payable
Debt Instrument [Line Items]
Interest rate (as percent)	3.50%		3.50%
Expected Remaining Term (years)	25 years 4 months 24 days
Effective Interest Rate	3.54%
Gross carrying amount	$ 2,000		$ 2,000
3.70% Notes Due 2060 \| Notes Payable
Debt Instrument [Line Items]
Interest rate (as percent)	3.70%		3.70%
Expected Remaining Term (years)	35 years 4 months 24 days
Effective Interest Rate	3.73%
Gross carrying amount	$ 500		$ 500

Debt - Narrative (Details)

Debt - Narrative (Details) - Commercial Paper Program - Commercial Paper	Oct. 27, 2024 USD ($)
Debt Instrument [Line Items]
Current borrowing capacity	$ 575,000,000
Outstanding commercial paper	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Oct. 27, 2024	Jul. 28, 2024	Jan. 28, 2024	Oct. 29, 2023	Jul. 30, 2023	Jan. 29, 2023
Other Commitments [Line Items]
Inventory purchase and long-term supply and capacity obligations	$ 28,900
Other non-inventory	13,200
Product warranty liability accruals	1,009	$ 741	$ 306	$ 142	$ 115	$ 82
Multi-Year Cloud Service Agreements
Other Commitments [Line Items]
Other non-inventory	$ 11,300

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Future Commitments Due by Year (Details) $ in Millions	Oct. 27, 2024 USD ($)
Fiscal Year:
2025 (excluding the first nine months of fiscal year 2025)	$ 14,178
2026	18,895
2027	3,381
2028	2,979
2029	1,990
2030 and thereafter	621
Total	$ 42,044

Commitments and Contingencies_3

Commitments and Contingencies - Schedule of Product Warranty Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Beginning Balance	$ 741	$ 115	$ 306	$ 82
Additions	304	50	775	105
Utilization	(36)	(23)	(72)	(45)
Ending Balance	$ 1,009	$ 142	$ 1,009	$ 142

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) shares in Millions, $ in Millions		1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 26, 2024	Nov. 15, 2024	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Subsequent Event [Line Items]
Number of shares repurchased (in shares)			92	83	254	159
Shares repurchased			$ 11,146	$ 3,719	$ 26,208	$ 7,005
Authorized amounts under share repurchase program			46,400		46,400
Additional authorization to repurchase shares	$ 50,000
Dividends paid			$ 245	$ 99	$ 589	$ 296
Subsequent Event
Subsequent Event [Line Items]
Number of shares repurchased (in shares)		19
Shares repurchased		$ 2,700

Segment Information - Narrative

Segment Information - Narrative (Details) - segment	3 Months Ended	9 Months Ended
Segment Information - Narrative (Details) - segment	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Segment Reporting Information [Line Items]
Number of reportable segments		2
Customer Concentration Risk \| Customer One \| Revenue \| Compute and Networking Segment
Segment Reporting Information [Line Items]
Concentration risk (as percent)	12%
Customer Concentration Risk \| Customers Two \| Revenue \| Compute and Networking Segment
Segment Reporting Information [Line Items]
Concentration risk (as percent)			11%

Segment Information - Schedule

Segment Information - Schedule of Segments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Segment Reporting Information [Line Items]
Revenue	$ 35,082	$ 18,120	$ 91,166	$ 38,819
Operating income (loss)	21,869	10,417	57,419	19,358
Operating Segments \| Compute & Networking
Segment Reporting Information [Line Items]
Revenue	31,036	14,645	80,157	29,507
Operating income (loss)	22,081	10,262	57,977	19,149
Operating Segments \| Graphics
Segment Reporting Information [Line Items]
Revenue	4,046	3,475	11,009	9,312
Operating income (loss)	1,502	1,493	4,111	3,751
All Other
Segment Reporting Information [Line Items]
Revenue	0	0	0	0
Operating income (loss)	$ (1,714)	$ (1,338)	$ (4,669)	$ (3,542)

Segment Information - Schedul_2

Segment Information - Schedule of Reconciling Items (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Segment Reporting Information [Line Items]
Stock-based compensation expense	$ (1,252)	$ (979)	$ (3,416)	$ (2,555)
Operating income	21,869	10,417	57,419	19,358
All Other
Segment Reporting Information [Line Items]
Stock-based compensation expense	(1,252)	(979)	(3,416)	(2,555)
Unallocated cost of revenue and operating expenses	(307)	(198)	(816)	(515)
Acquisition-related and other costs	(155)	(135)	(441)	(446)
Other	0	(26)	4	(26)
Operating income	$ (1,714)	$ (1,338)	$ (4,669)	$ (3,542)

Segment Information - Schedul_3

Segment Information - Schedule of Revenue by Geographic Regions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Revenues
Revenue	$ 35,082	$ 18,120	$ 91,166	$ 38,819
United States
Revenues
Revenue	14,800	6,302	41,318	14,730
Singapore
Revenues
Revenue	7,697	2,702	17,356	4,506
China (including Hong Kong)
Revenues
Revenue	5,416	4,030	11,574	8,360
Taiwan
Revenues
Revenue	5,153	4,333	15,266	8,968
Other countries
Revenues
Revenue	$ 2,016	$ 753	$ 5,652	$ 2,255

Segment Information - Concentra

Segment Information - Concentration Risk (Details) - Compute & Networking - Revenue - Customer Concentration Risk	3 Months Ended	9 Months Ended
	Oct. 27, 2024	Oct. 27, 2024
Customer A
Revenue, Major Customer [Line Items]
Concentration risk (as percent)	12%
Customer B
Revenue, Major Customer [Line Items]
Concentration risk (as percent)	12%	11%
Customer C
Revenue, Major Customer [Line Items]
Concentration risk (as percent)	12%	11%
Customer D
Revenue, Major Customer [Line Items]
Concentration risk (as percent)		12%

Segment Information - Schedul_4

Segment Information - Schedule of Revenue by Market (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 27, 2024	Oct. 29, 2023	Oct. 27, 2024	Oct. 29, 2023
Revenue from External Customer [Line Items]
Revenue	$ 35,082	$ 18,120	$ 91,166	$ 38,819
Data Center
Revenue from External Customer [Line Items]
Revenue	30,771	14,514	79,606	29,121
Compute
Revenue from External Customer [Line Items]
Revenue	27,644	11,908	69,640	23,877
Networking
Revenue from External Customer [Line Items]
Revenue	3,127	2,606	9,966	5,244
Gaming
Revenue from External Customer [Line Items]
Revenue	3,279	2,856	8,806	7,582
Professional Visualization
Revenue from External Customer [Line Items]
Revenue	486	416	1,367	1,090
Automotive
Revenue from External Customer [Line Items]
Revenue	449	261	1,124	810
OEM and Other
Revenue from External Customer [Line Items]
Revenue	$ 97	$ 73	$ 263	$ 216