Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

Income Statement 
Quarterly Data

NVIDIA Corp., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018
Revenue 30,040 26,044 22,103 18,120 13,507 7,192 6,051 5,931 6,704 8,288 7,643 7,103 6,507 5,661 5,003 4,726 3,866 3,080 3,105 3,014 2,579 2,220 2,205 3,181 3,123 3,207
Cost of revenue (7,466) (5,638) (5,312) (4,720) (4,045) (2,544) (2,218) (2,754) (3,789) (2,857) (2,643) (2,472) (2,292) (2,032) (1,846) (1,766) (1,591) (1,076) (1,090) (1,098) (1,038) (924) (998) (1,260) (1,148) (1,139)
Gross profit 22,574 20,406 16,791 13,400 9,462 4,648 3,833 3,177 2,915 5,431 5,000 4,631 4,215 3,629 3,157 2,960 2,275 2,004 2,015 1,916 1,541 1,296 1,207 1,921 1,975 2,068
Research and development (3,090) (2,720) (2,466) (2,294) (2,040) (1,875) (1,952) (1,945) (1,824) (1,618) (1,467) (1,403) (1,245) (1,153) (1,145) (1,047) (997) (735) (739) (712) (704) (674) (648) (605) (581) (542)
Sales, general and administrative (842) (777) (710) (689) (622) (633) (625) (631) (592) (592) (563) (557) (526) (520) (505) (515) (627) (293) (286) (277) (266) (264) (265) (258) (237) (231)
Acquisition termination cost (1,353)
Operating expenses (3,932) (3,497) (3,176) (2,983) (2,662) (2,508) (2,577) (2,576) (2,416) (3,563) (2,030) (1,960) (1,771) (1,673) (1,650) (1,562) (1,624) (1,028) (1,025) (989) (970) (938) (913) (863) (818) (773)
Operating income 18,642 16,909 13,615 10,417 6,800 2,140 1,256 601 499 1,868 2,970 2,671 2,444 1,956 1,507 1,398 651 976 990 927 571 358 294 1,058 1,157 1,295
Interest income 444 359 295 234 187 150 115 88 46 18 10 7 6 6 6 7 13 31 42 45 47 44 42 37 32 25
Interest expense (61) (64) (63) (63) (65) (66) (64) (65) (65) (68) (61) (62) (60) (53) (52) (53) (54) (25) (13) (13) (13) (13) (14) (15) (14) (15)
Other, net 189 75 259 (66) 59 (15) (19) (11) (5) (13) (54) 22 4 135 10 (4) (1) (1) (3) 1 2 1 5 6
Other income (expense), net 572 370 491 105 181 69 32 12 (24) (63) (105) (33) (50) 88 (36) (50) (42) 5 26 32 35 31 30 23 23 16
Income before income tax 19,214 17,279 14,106 10,522 6,981 2,209 1,288 613 475 1,805 2,865 2,638 2,394 2,044 1,471 1,348 609 981 1,016 959 606 389 324 1,081 1,180 1,311
Income tax (expense) benefit (2,615) (2,398) (1,820) (1,279) (793) (166) 126 67 181 (187) 137 (174) (20) (132) (14) (12) 13 (64) (65) (60) (54) 5 242 149 (79) (67)
Net income 16,599 14,881 12,286 9,243 6,188 2,043 1,414 680 656 1,618 3,002 2,464 2,374 1,912 1,457 1,336 622 917 951 899 552 394 566 1,230 1,101 1,244

Based on: 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-K (reporting date: 2019-01-27), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. NVIDIA Corp. revenue increased from Q4 2024 to Q1 2025 and from Q1 2025 to Q2 2025.
Operating income The net result for the period of deducting operating expenses from operating revenues. NVIDIA Corp. operating income increased from Q4 2024 to Q1 2025 and from Q1 2025 to Q2 2025.
Income before income tax Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. NVIDIA Corp. income before income tax increased from Q4 2024 to Q1 2025 and from Q1 2025 to Q2 2025.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. NVIDIA Corp. net income increased from Q4 2024 to Q1 2025 and from Q1 2025 to Q2 2025.