Document

Net Income Per Share

The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented:



	Three Months Ended				Six Months Ended
	July 29,		July 30,		July 29,		July 30,
	2018		2017		2018		2017
	(In millions, except per share data)
Numerator:
Net income	$	1,101	$	583	$	2,345	$	1,091
Denominator:
Basic weighted average shares	607		597		607		595
Dilutive impact of outstanding securities:
Equity awards	18		26		19		26
1.00% Convertible Senior Notes	1		4		1		9
Warrants issued with the 1.00% Convertible Senior Notes	—		6		—		7
Diluted weighted average shares	626		633		627		637
Net income per share:
Basic (1)	$	1.81	$	0.98	$	3.86	$	1.83
Diluted (2)	$	1.76	$	0.92	$	3.74	$	1.71
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive	—		—		1		1


(1)	Calculated as net income divided by basic weighted average shares.


(2)	Calculated as net income divided by diluted weighted average shares.

Refer to Note 12 of these Notes to Condensed Consolidated Financial Statements for additional discussion regarding the Convertible Notes and Note Hedges.

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Income Taxes	6 Months Ended
Income Taxes	Jul. 29, 2018
Notes to financial statements [Abstract]
Income Taxes	Income Taxes We recognized income tax expense of $79 million and $146 million for the second quarter and first half of fiscal year 2019, respectively, and $101 million and $130 million for the second quarter and first half of fiscal year 2018, respectively. Income tax expense as a percentage of income before income tax for the second quarter and first half of fiscal year 2019 was 6.7% and 5.9%, respectively, and 14.8% and 10.7% for the second quarter and first half of fiscal year 2018, respectively. The decrease in our effective tax rate for the second quarter and first half of fiscal year 2019 as compared to the same periods in the prior fiscal year was primarily due to a decrease in the U.S. statutory tax rate from 35% to 21% as a result of U.S. tax reform, partially offset by a decrease in the impact of tax benefits from stock-based compensation. Our effective tax rates for the first half of fiscal years 2019 and 2018 of 5.9% and 10.7%, respectively, were lower than the U.S. federal statutory rates of 21% and 33.9%, for fiscal years 2019 and 2018, respectively, due to higher income earned in jurisdictions that are subject to taxes lower than the U.S. federal statutory tax rate, tax benefits related to stock-based compensation, and the benefit of the U.S. federal research tax credit. In December 2017, the SEC issued guidance that allows companies to record provisional amounts for the tax effects of the Tax Cuts and Job Acts, or TCJA, during a measurement period not to exceed one year. The TCJA was effective in the fourth quarter of fiscal year 2018 and we have recorded provisional amounts based on reasonable estimates for those tax effects. For the second quarter of fiscal year 2019, we have not recorded any adjustments to our provisional amounts. We will continue our analysis of these provisional amounts, which are still subject to change during the measurement period based on further guidance on accounting interpretations from the FASB and application of the law from the U.S. Department of Treasury, including proposed regulations relating to the one-time transition tax issued on August 1, 2018. The TCJA subjects a U.S. corporation to tax on its global intangible low-taxed income, or GILTI. Under U.S. GAAP, we can make an accounting policy election to either treat taxes due on the GILTI as a current period expense or factor such amounts into our measurement of deferred taxes. Given the complexity of the GILTI provisions, we are still evaluating its effects and have not yet determined our accounting policy. We expect to complete our analysis within the measurement period. For the second quarter of fiscal year 2019, because we are still evaluating the effects of the GILTI provisions, we have included tax expense related to GILTI for current-year operations in our estimated annual effective tax rate and have not provided for GILTI on deferred items. For the first half of fiscal year 2019, there have been no material changes to our tax years that remain subject to examination by major tax jurisdictions. Additionally, there have been no material changes to our unrecognized tax benefits and any related interest or penalties since the fiscal year ended January 28, 2018. While we believe that we have adequately provided for all uncertain tax positions, or tax positions where we believe it is not more-likely-than-not that the position will be sustained upon review, amounts asserted by tax authorities could be greater or less than our accrued position. Accordingly, our provisions on federal, state and foreign tax related matters to be recorded in the future may change as revised estimates are made or the underlying matters are settled or otherwise resolved with the respective tax authorities. As of July 29, 2018, we do not believe that our estimates, as otherwise provided for, on such tax positions will significantly increase or decrease within the next twelve months. On August 1, 2018, the Internal Revenue Service and the Department of the Treasury issued proposed regulations relating to the one-time transition tax provision of the TCJA. Any required adjustment must be recorded during the measurement period as determined in accordance with the SEC guidance. While we are currently evaluating the potential impact of the regulations, we expect to record a discrete tax benefit in the third quarter of fiscal year 2019 related to our provisional U.S. tax reform transition tax amount.

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Marketable Securities

6 Months Ended

Jul. 29, 2018

Marketable Securities

Our cash equivalents and marketable securities are classified as “available-for-sale” debt securities.

The following is a summary of cash equivalents and marketable securities as of July 29, 2018 and January 28, 2018:



	July 29, 2018
	Amortized Cost		Unrealized Gain		Unrealized Loss			Estimated Fair Value		Reported as
	Amortized Cost		Unrealized Gain		Unrealized Loss			Estimated Fair Value		Cash Equivalents		Marketable Securities
	(In millions)
Corporate debt securities	$	2,491	$	1	$	(8	)	$	2,484	$	—	$	2,484
Debt securities issued by the United States Treasury	2,412		—		(2		)	2,410		—		2,410
Debt securities of United States government agencies	1,993		—		(6		)	1,987		—		1,987
Money market funds	483		—		—			483		483		—
Asset-backed securities	206		—		(2		)	204		—		204
Mortgage-backed securities issued by United States government-sponsored enterprises	107		2		(1		)	108		—		108
Foreign government bonds	32		—		—			32		—		32
Total	$	7,724	$	3	$	(19	)	$	7,708	$	483	$	7,225



	January 28, 2018
	Amortized Cost		Unrealized Gain		Unrealized Loss			Estimated Fair Value		Reported as
	Amortized Cost		Unrealized Gain		Unrealized Loss			Estimated Fair Value		Cash Equivalents		Marketable Securities
	(In millions)
Money market funds	$	3,789	$	—	$	—		$	3,789	$	3,789	$	—
Corporate debt securities	1,304		—		(9		)	1,295		—		1,295
Debt securities of United States government agencies	822		—		(7		)	815		—		815
Debt securities issued by the United States Treasury	577		—		(4		)	573		—		573
Asset-backed securities	254		—		(2		)	252		—		252
Mortgage-backed securities issued by United States government-sponsored enterprises	128		2		—			130		—		130
Foreign government bonds	42		—		(1		)	41		—		41
Total	$	6,916	$	2	$	(23	)	$	6,895	$	3,789	$	3,106



	Less than 12 Months					12 Months or Greater					Total
	Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses
	(In millions)
Debt securities issued by United States government agencies	$	925	$	(1	)	$	559	$	(5	)	$	1,484	$	(6	)
Debt securities issued by the United States Treasury	754		—			410		(2		)	1,164		(2		)
Corporate debt securities	310		(1		)	742		(7		)	1,052		(8		)
Asset-backed securities	49		(1		)	155		(1		)	204		(2		)
Mortgage-backed securities issued by United States government-sponsored enterprises	15		—			31		(1		)	46		(1		)
Foreign government bonds	—		—			31		—			31		—
	$	2,053	$	(3	)	$	1,928	$	(16	)	$	3,981	$	(19	)

The amortized cost and estimated fair value of cash equivalents and marketable securities as of July 29, 2018 and January 28, 2018 are shown below by contractual maturity.



	July 29, 2018				January 28, 2018
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
	(In millions)
Less than 1 year	$	5,991	$	5,981	$	5,381	$	5,375
Due in 1 - 5 years	1,705		1,699		1,500		1,485
Mortgage-backed securities issued by United States government-sponsored enterprises not due at a single maturity date	28		28		35		35
Total	$	7,724	$	7,708	$	6,916	$	6,895

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Fair Value of Financial Assets and Liabilities

6 Months Ended

Jul. 29, 2018

Fair Value of Financial Assets and Liabilities



		Fair Value at
	Pricing Category	July 29, 2018		January 28, 2018
		(In millions)
Assets
Cash equivalents and marketable securities:
Corporate debt securities	Level 2	$	2,484	$	1,295
Debt securities issued by the United States Treasury	Level 2	$	2,410	$	573
Debt securities of United States government agencies	Level 2	$	1,987	$	815
Money market funds	Level 1	$	483	$	3,789
Asset-backed securities	Level 2	$	204	$	252
Mortgage-backed securities issued by United States government-sponsored enterprises	Level 2	$	108	$	130
Foreign government bonds	Level 2	$	32	$	41

Liabilities
Current liability:
1.00% Convertible Senior Notes (1)	Level 2	$	175	$	189
Other noncurrent liabilities:
2.20% Notes Due 2021 (1)	Level 2	$	970	$	982
3.20% Notes Due 2026 (1)	Level 2	$	970	$	986


(1)	These liabilities are carried on our Consolidated Balance Sheets at their original issuance value, net of unamortized debt discount and issuance costs, and are not marked to fair value each period. Refer to Note 12 of these Notes to Condensed Consolidated Financial Statements for additional information.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

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Amortizable Intangible Assets

6 Months Ended

Jul. 29, 2018

Amortizable Intangible Assets

The components of our amortizable intangible assets are as follows:



	July 29, 2018							January 28, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In millions)							(In millions)
Acquisition-related intangible assets	$	195	$	(184	)	$	11	$	195	$	(180	)	$	15
Patents and licensed technology	485		(445		)	40		469		(432		)	37
Total intangible assets	$	680	$	(629	)	$	51	$	664	$	(612	)	$	52

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Balance Sheet Components

6 Months Ended

Jul. 29, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Balance Sheet Components

Certain balance sheet components are as follows:



	July 29,		January 28,
	2018		2018
Inventories:	(In millions)
Raw materials	$	421	$	227
Work in-process	266		192
Finished goods	403		377
Total inventories	$	1,090	$	796

As of July 29, 2018, we had outstanding inventory purchase obligations totaling $1.91 billion.



	July 29,		January 28,
	2018		2018
Accrued and Other Current Liabilities:	(In millions)
Customer program accruals	$	248	$	181
Accrued payroll and related expenses	170		172
Deferred revenue (1)	77		53
Taxes payable	39		33
Coupon interest on debt obligations	20		20
Accrued royalties	19		17
Warranty accrual (2)	16		15
Professional service fees	15		15
Other	44		36
Total accrued and other current liabilities	$	648	$	542


(1)	Deferred revenue primarily includes customer advances and deferrals related to license and development arrangements and PCS.


(2)	Refer to Note 11 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding warranties.



	July 29,		January 28,
	2018		2018
Other Long-Term Liabilities:	(In millions)
Income tax payable (1)	$	544	$	559
Deferred revenue (2)	27		15
Deferred income tax liability	21		18
Employee benefits liability	18		12
Deferred rent	14		9
Other	14		19
Total other long-term liabilities	$	638	$	632


(1)	As of July 29, 2018, represents the long-term portion of the one-time transition tax payable of $337 million, as well as unrecognized tax benefits of $191 million and related interest and penalties of $16 million.


(2)	Deferred revenue primarily includes deferrals related to license and development arrangements and PCS.

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Derivative Financial Instruments

6 Months Ended

Jul. 29, 2018

Derivative Financial Instruments

We enter into foreign currency forward contracts to mitigate the impact of foreign currency exchange rate movements on our operating expenses. We designate these contracts as cash flow hedges and assess the effectiveness of the hedge relationships on a spot to spot basis. 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. The fair value of the contracts was not significant as of July 29, 2018 and January 28, 2018.

The table below presents the notional value of our foreign currency forward contracts outstanding as of July 29, 2018 and January 28, 2018:



	July 29, 2018		January 28, 2018
	(In millions)
Designated as cash flow hedges	$	396	$	104
Not designated for hedge accounting	$	92	$	94

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Guarantees	6 Months Ended
Guarantees	Jul. 29, 2018
Notes to financial statements [Abstract]
Guarantees	Guarantees U.S. GAAP requires that upon issuance of a guarantee, the guarantor must recognize a liability for the fair value of the obligation it assumes under that guarantee. Accrual for Product Warranty Liabilities We record a reduction to revenue for estimated product returns at the time revenue is recognized primarily based on historical return rates. Cost of revenue includes the estimated cost of product warranties. Under limited circumstances, we may offer an extended limited warranty to customers for certain products. Additionally, we accrue for known warranty and indemnification issues if a loss is probable and can be reasonably estimated. The estimated product returns and estimated product warranty liabilities was $16 million and $15 million as of July 29, 2018 and January 28, 2018, respectively. In connection with certain agreements that we have entered into in the past, we have provided indemnities to cover the indemnified party 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.

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Debt

6 Months Ended

Jul. 29, 2018

Debt Disclosure [Abstract]

Debt

Long-Term Debt

2.20% Notes Due 2021 and 3.20% Notes Due 2026

The carrying value of the Notes and the associated interest rates were as follows:



	Expected Remaining Term (years)	Effective Interest Rate	July 29, 2018			January 28, 2018
			(In millions)
2.20% Notes Due 2021	3.1	2.38%	$	1,000		$	1,000
3.20% Notes Due 2026	8.1	3.31%	1,000			1,000
Unamortized debt discount and issuance costs			(13		)	(15		)
Net carrying amount			$	1,987		$	1,985

Convertible Debt

1.00% Convertible Senior Notes Due 2018

Note Hedges

Revolving Credit Facility

Commercial Paper

We have a $575 million commercial paper program to support general corporate purposes. As of July 29, 2018, we had not issued any commercial paper.

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Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jul. 29, 2018
Notes to financial statements [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation Polaris Innovations Limited On May 16, 2016, Polaris Innovations Limited, or Polaris, a non-practicing entity and wholly-owned subsidiary of Quarterhill Inc. (formerly WiLAN Inc.), filed a complaint against NVIDIA for patent infringement in the United States District Court for the Western District of Texas. Polaris alleges that NVIDIA has infringed and is continuing to infringe six U.S. patents relating to the control of dynamic random-access memory, or DRAM. The complaint seeks unspecified monetary damages, enhanced damages, interest, fees, expenses, and costs against NVIDIA. On September 14, 2016, NVIDIA answered the Polaris Complaint and asserted various defenses including non-infringement and invalidity of the six Polaris patents. On December 5, 2016, the Texas Court granted NVIDIA’s motion to transfer and ordered the case transferred to the Northern District of California. Between December 7, 2016 and July 25, 2017, NVIDIA filed multiple petitions for inter partes review, or IPR, at the United States Patent and Trademark Office, or USPTO, challenging the validity of each of the patents asserted by Polaris in the U.S. litigation. The USPTO instituted IPRs for four U.S. patents and declined to institute IPRs on two U.S. patents. The USPTO issued a Final Written Decision on the IPR relating to one of the patents on June 19, 2018, finding claims 1-23 and 28 unpatentable but that claims 24-27 were not proved unpatentable. On June 15, 2017, the California Court granted NVIDIA’s motion to stay the district court litigation pending resolution of the petitions for IPR. The California Court has not set a trial date. On December 30, 2016, Polaris filed a complaint against NVIDIA for patent infringement in the Regional Court of Düsseldorf, Germany. Polaris alleges that NVIDIA has infringed and is continuing to infringe three patents relating to control of DRAM. On July 14, 2017, NVIDIA filed defenses to the infringement allegations including non-infringement with respect to each of the three asserted patents. An oral hearing is scheduled for February 21, 2019. Between March 31, 2017 and June 12, 2017, NVIDIA filed nullity actions with the German Patent Court challenging the validity of each of the patents asserted by Polaris in the German litigation. ZiiLabs 1 Patents Lawsuit On October 2, 2017, ZiiLabs Inc., Ltd., or ZiiLabs, a non-practicing entity, filed a complaint in the United States District Court for the District of Delaware alleging that NVIDIA has infringed and is continuing to infringe four U.S. patents relating to GPUs, or the ZiiLabs 1 Patents. ZiiLabs is a Bermuda corporation and a wholly-owned subsidiary of Creative Technology Asia Limited, a Hong Kong company which is itself is a wholly-owned subsidiary of Creative Technology Ltd., a publicly traded Singapore company. The complaint seeks unspecified monetary damages, enhanced damages, interest, costs, and fees against NVIDIA and an injunction against further direct or direct infringement of the ZiiLabs 1 Patents. On November 27, 2017, NVIDIA answered the ZiiLabs complaint and asserted various defenses including non-infringement and invalidity of the ZiiLabs 1 Patents. On January 10, 2018, ZiiLabs filed a first amended complaint asserting infringement of a fifth U.S. patent. On February 22, 2018, the Delaware Court stayed the ZiiLabs 1 case pending the resolution of the ITC investigation over the ZiiLabs 2 patents. ZiiLabs 2 Patents Lawsuits On December 27, 2017, ZiiLabs filed a second complaint in the United States District Court for the District of Delaware alleging that NVIDIA has infringed four additional U.S. patents, or the ZiiLabs 2 Patents. The second complaint also seeks unspecified monetary damages, enhanced damages, interest, costs, and fees against NVIDIA and an injunction against further direct or direct infringement of the ZiiLabs 2 Patents. On February 22, 2018, the Delaware Court stayed the district court action on the ZiiLabs 2 patents pending the resolution of the ITC Investigation over the ZiiLabs 2 patents. On December 29, 2017, ZiiLabs filed a request with the U.S. International Trade Commission, or USITC, to commence an Investigation pursuant to Section 337 of the Tariff Act of 1930 relating to the unlawful importation of certain graphics processors and products containing the same. ZiiLabs alleges that the unlawful importation results from the infringement of the ZiiLabs 2 Patents by products from respondents NVIDIA, ASUSTeK Computer Inc., ASUS Computer International, EVGA Corporation, Gigabyte Technology Co., Ltd., G.B.T. Inc., Micro-Star International Co., Ltd., MSI Computer Corp., Nintendo Co., Ltd., Nintendo of America Inc., PNY Technologies Inc., Zotac International (MCO) Ltd., and Zotac USA Inc. On February 28, 2018, NVIDIA and the other respondents answered the ITC complaint and asserted various defenses including non-infringement and invalidity of the four asserted ZiiLabs 2 patents. On May 10, 2018, the Administrative Law Judge presiding over the investigation issued an Initial Determination terminating the investigation with respect to one of the patents. On July 17, 2018, the USITC affirmed this decision on modified grounds. Accounting for Loss Contingencies While there can be no assurance of favorable outcomes, we believe the claims made by the other parties in the above ongoing matters are without merit and we intend to vigorously defend the actions. As of July 29, 2018, we have not recorded any accrual for contingent liabilities associated with the legal proceedings described above based on our belief that liabilities, while possible, are not probable. Further, any possible loss or range of loss in these matters cannot be reasonably estimated at this time. We are engaged in other legal actions not described above arising in the ordinary course of its 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.

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Shareholders' Equity	6 Months Ended
Shareholders' Equity	Jul. 29, 2018
Notes to financial statements [Abstract]
Shareholders' Equity	Shareholders’ Equity Capital Return Program Beginning August 2004, our Board of Directors authorized us to repurchase our stock. During the first half of fiscal year 2019, we repurchased a total of 3 million shares for $655 million. During the second quarter and first half of fiscal year 2019, we also paid $91 million and $182 million, respectively, in cash dividends to our shareholders. Through July 29, 2018, we have repurchased an aggregate of 254 million shares under our share repurchase program for a total cost of $6.16 billion. All shares delivered from these repurchases have been placed into treasury stock. As of July 29, 2018, we were authorized, subject to certain specifications, to repurchase additional shares of our common stock up to $1.16 billion through December 2020. Preferred Stock As of July 29, 2018 and January 28, 2018, there were no shares of preferred stock outstanding. Common Stock We are authorized to issue up to 2.00 billion shares of our common stock at $0.001 per share par value.

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Segment Information

6 Months Ended

Jul. 29, 2018

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Segment Information

We report our business in two primary reportable segments - the GPU business and the Tegra Processor business - based on a single underlying architecture.



	GPU		Tegra Processor		All Other			Consolidated
	(In millions)
Three Months Ended July 29, 2018
Revenue	$	2,656	$	467	$	—		$	3,123
Depreciation and amortization expense	$	43	$	12	$	3		$	58
Operating income (loss)	$	1,259	$	97	$	(199	)	$	1,157

Three Months Ended July 30, 2017
Revenue	$	1,897	$	333	$	—		$	2,230
Depreciation and amortization expense	$	29	$	9	$	11		$	49
Operating income (loss)	$	761	$	71	$	(144	)	$	688

Six Months Ended July 29, 2018
Revenue	$	5,421	$	909	$	—		$	6,330
Depreciation and amortization expense	$	83	$	22	$	11		$	116
Operating income (loss)	$	2,653	$	194	$	(395	)	$	2,452

Six Months Ended July 30, 2017
Revenue	$	3,459	$	665	$	43		$	4,167
Depreciation and amortization expense	$	57	$	18	$	21		$	96
Operating income (loss)	$	1,363	$	118	$	(239	)	$	1,242



	Three Months Ended						Six Months Ended
	July 29, 2018			July 30, 2017			July 29, 2018			July 30, 2017
	(In millions)
Reconciling items included in "All Other" category:
Unallocated revenue	$	—		$	—		$	—		$	43
Stock-based compensation expense	(132		)	(81		)	(262		)	(158		)
Unallocated cost of revenue and operating expenses	(65		)	(59		)	(129		)	(114		)
Acquisition-related costs	(2		)	(4		)	(4		)	(8		)
Contributions	—			—			—			(2		)
Total	$	(199	)	$	(144	)	$	(395	)	$	(239	)



	Three Months Ended				Six Months Ended
	July 29,		July 30,		July 29,		July 30,
	2018		2017		2018		2017
	(In millions)
Revenue:
Taiwan	$	843	$	674	$	1,810	$	1,277
China	760		481		1,514		810
Other Asia Pacific	676		420		1,259		797
United States	413		278		847		631
Europe	234		178		469		360
Other Americas	197		199		431		292
Total revenue	$	3,123	$	2,230	$	6,330	$	4,167

The following table summarizes information pertaining to our revenue by each of the specialized markets we serve:



	Three Months Ended				Six Months Ended
	July 29,		July 30,		July 29,		July 30,
	2018		2017		2018		2017
	(In millions)
Revenue:
Gaming	$	1,805	$	1,186	$	3,528	$	2,213
Professional Visualization	281		235		532		440
Datacenter	760		416		1,461		825
Automotive	161		142		306		282
OEM & IP	116		251		503		407
Total revenue	$	3,123	$	2,230	$	6,330	$	4,167

No customer represented 10% or more of total revenue for the second quarter and first half of fiscal years 2019 and 2018.

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Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jul. 29, 2018
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, 2018 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, 2018, 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 except as otherwise noted, considered necessary for a fair statement 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, 2018.
Revenue Recognition	Revenue Recognition We derive our revenue from product sales, including hardware and systems, license and development arrangements, and software licensing. We determine revenue recognition through the following steps: (1) identification of the contract with a customer; (2) identification of the performance obligations in the contract; (3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and (5) recognition of revenue when, or as, we satisfy a performance obligation. Product Sales Revenue Revenue from product sales is recognized upon transfer of control of promised products to customers in an amount that reflects the consideration we expect to receive in exchange for those products. Revenue is recognized net of allowances for returns, customer programs and any taxes collected from customers. For products sold with a right of return, we record a reduction to revenue by establishing a sales return allowance for estimated product returns at the time revenue is recognized, based primarily on historical return rates. However, if product returns for a fiscal period are anticipated to exceed historical return rates, we may determine that additional sales return allowances are required to properly reflect our estimated exposure for product returns. Our customer programs involve rebates, which are designed to serve as sales incentives to resellers of our products in various target markets, and marketing development funds, or MDFs, which represent monies paid to our partners that are earmarked for market segment development and are designed to support our partners’ activities while also promoting NVIDIA products. We account for customer programs as a reduction to revenue and accrue for potential rebates and MDFs based on the amount we expect to be claimed by customers. License and Development Arrangements Our license and development arrangements with customers typically require significant customization of our intellectual property components. As a result, we recognize the revenue from the license and the revenue from the development services as a single performance obligation over the period in which the development services are performed. We measure progress to completion based on actual cost incurred to date as a percentage of the estimated total cost required to complete each project. If a loss on an arrangement becomes probable during a period, we record a provision for such loss in that period. Software Licensing Our software licenses provide our customers with a right to use the software when it is made available to the customer. Customers may purchase either perpetual licenses or subscriptions to licenses, which differ mainly in the duration over which the customer benefits from the software. Software licenses are frequently sold along with post contract customer support, or PCS. For such arrangements, we allocate revenue to the software license and PCS on a relative standalone selling price basis by maximizing the use of observable inputs to determine the standalone selling price for each performance obligation. Revenue from software licenses is recognized up front when the software is made available to the customer. PCS revenue is recognized ratably over the service period, or as services are performed.
Fiscal Year	Fiscal Year We operate on a 52- or 53-week year, ending on the last Sunday in January. Fiscal years 2019 and 2018 are both 52-week years. The second quarters of fiscal years 2019 and 2018 were both 13-week quarters.
Reclassifications	Reclassifications Certain prior fiscal year balances have been reclassified to conform to the current fiscal year presentation.
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 ongoing basis, we evaluate our estimates, including those related to revenue recognition, cash equivalents and marketable securities, accounts receivable, inventories, income taxes, goodwill, stock-based compensation, litigation, investigation and settlement costs, restructuring and other charges, and other contingencies. These estimates are based on historical facts and various other assumptions that we believe are reasonable.
Adoption of New and Recently Issued Accounting Pronouncements	Adoption of New and Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements The Financial Accounting Standards Board, or FASB, issued an accounting standards update that creates a single source of revenue guidance under U.S. GAAP for all companies, in all industries. We adopted this guidance on January 29, 2018 using the modified retrospective approach. Refer to Note 2 of these Notes to Condensed Consolidated Financial Statements for additional information. In January 2016, the FASB issued an accounting standards update to amend certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. We are now required to recognize changes in the fair value of our equity investments through net income rather than other comprehensive income. We adopted this guidance in the first quarter of fiscal year 2019 and applied it prospectively. The adoption of this guidance did not have a significant impact on our consolidated financial statements. Recent Accounting Pronouncement Not Yet Adopted In February 2016 and July 2018, the FASB issued accounting standards updates regarding the accounting for leases by which we will begin recognizing lease assets and liabilities on the balance sheet for lease terms of more than 12 months. The FASB also recently provided a practical expedient transition method to adopt the new lease accounting requirements. We are evaluating the impact of adopting the new lease accounting standards on our consolidated financial statements, systems and processes in conjunction with our review of lease agreements. The updates will be effective for us beginning in the first quarter of fiscal year 2020. We expect the adoption of this accounting guidance to result in an increase in lease assets and a corresponding increase in lease liabilities on our Consolidated Balance Sheets.

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New Revenue Accounting Standard (Tables)

6 Months Ended

Jul. 29, 2018

Changes in Deferred Revenue

The following table shows the changes in deferred revenue during the first half of fiscal year 2019:



	July 29,
	2018
	(In millions)
Balance as of January 28, 2018	$	68
Adjustment to retained earnings upon adoption of new revenue standard	(5		)
Balance as of January 29, 2018	63
Deferred revenue added during the period	194
Revenue recognized during the period	(153		)
Balance as of July 29, 2018	$	104

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Stock-Based Compensation (Tables)

6 Months Ended

Jul. 29, 2018

Employee Service Share-based Compensation, Aggregate Disclosures [Abstract]

Stock-based compensation expense, net of amounts capitalized as inventory

Our Condensed Consolidated Statements of Income include stock-based compensation expense, net of amounts allocated to inventory, as follows:



	Three Months Ended				Six Months Ended
	July 29, 2018		July 30, 2017		July 29, 2018		July 30, 2017
	(In millions)
Cost of revenue	$	8	$	4	$	16	$	8
Research and development	76		44		150		85
Sales, general and administrative	48		33		96		65
Total	$	132	$	81	$	262	$	158

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following is a summary of equity award transactions under our equity incentive plans:



	RSUs, PSUs, and Market-based PSUs Outstanding
	Number of Shares		Weighted Average Grant-Date Fair Value Per Share
	(In millions, except per share data)
Balances, January 28, 2018	22		$	66.72
Granted (1) (2)	1		$	240.22
Vested restricted stock	(5	)	$	39.64
Canceled and forfeited	—		$	—
Balances, July 29, 2018	18		$	84.56


(1)	Includes the number of PSUs granted that will be issued and eligible to vest if the maximum corporate financial performance goal for fiscal year 2019 is achieved. Depending on the actual level of the corporate performance achievement at the end of fiscal year 2019, the PSUs issued could be up to 0.3 million shares.


(2)	Includes the number of market-based PSUs granted that will be issued and eligible to vest if the maximum goal for total shareholder return, or TSR, over the 3-year measurement period is achieved. Depending on the ranking of our TSR compared to those of the companies comprising the Standard & Poor’s 500 Index during that period, the market-based PSUs issued could be up to 45 thousand shares.

Summary of unearned stock-based compensation expense

The following summarizes the aggregate unearned stock-based compensation expense and estimated weighted average amortization period as of July 29, 2018 and January 28, 2018:



	July 29,		January 28,
	2018		2018
	(In millions)
Aggregate unearned stock-based compensation expense	$	1,048	$	1,091

Estimated weighted average remaining amortization period	(In years)
RSUs, PSUs, and market-based PSUs	2.1		2.3
ESPP	0.9		0.7

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Net Income Per Share (Tables)

6 Months Ended

Jul. 29, 2018

Reconciliation of numerators and denominators of basic and diluted net income (loss) per share computations

The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented:



	Three Months Ended				Six Months Ended
	July 29,		July 30,		July 29,		July 30,
	2018		2017		2018		2017
	(In millions, except per share data)
Numerator:
Net income	$	1,101	$	583	$	2,345	$	1,091
Denominator:
Basic weighted average shares	607		597		607		595
Dilutive impact of outstanding securities:
Equity awards	18		26		19		26
1.00% Convertible Senior Notes	1		4		1		9
Warrants issued with the 1.00% Convertible Senior Notes	—		6		—		7
Diluted weighted average shares	626		633		627		637
Net income per share:
Basic (1)	$	1.81	$	0.98	$	3.86	$	1.83
Diluted (2)	$	1.76	$	0.92	$	3.74	$	1.71
Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive	—		—		1		1


(1)	Calculated as net income divided by basic weighted average shares.


(2)	Calculated as net income divided by diluted weighted average shares.

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Marketable Securities (Tables)

6 Months Ended

Jul. 29, 2018

Cash Equivalents and Marketable Securities

The following is a summary of cash equivalents and marketable securities as of July 29, 2018 and January 28, 2018:



	July 29, 2018
	Amortized Cost		Unrealized Gain		Unrealized Loss			Estimated Fair Value		Reported as
	Amortized Cost		Unrealized Gain		Unrealized Loss			Estimated Fair Value		Cash Equivalents		Marketable Securities
	(In millions)
Corporate debt securities	$	2,491	$	1	$	(8	)	$	2,484	$	—	$	2,484
Debt securities issued by the United States Treasury	2,412		—		(2		)	2,410		—		2,410
Debt securities of United States government agencies	1,993		—		(6		)	1,987		—		1,987
Money market funds	483		—		—			483		483		—
Asset-backed securities	206		—		(2		)	204		—		204
Mortgage-backed securities issued by United States government-sponsored enterprises	107		2		(1		)	108		—		108
Foreign government bonds	32		—		—			32		—		32
Total	$	7,724	$	3	$	(19	)	$	7,708	$	483	$	7,225



	January 28, 2018
	Amortized Cost		Unrealized Gain		Unrealized Loss			Estimated Fair Value		Reported as
	Amortized Cost		Unrealized Gain		Unrealized Loss			Estimated Fair Value		Cash Equivalents		Marketable Securities
	(In millions)
Money market funds	$	3,789	$	—	$	—		$	3,789	$	3,789	$	—
Corporate debt securities	1,304		—		(9		)	1,295		—		1,295
Debt securities of United States government agencies	822		—		(7		)	815		—		815
Debt securities issued by the United States Treasury	577		—		(4		)	573		—		573
Asset-backed securities	254		—		(2		)	252		—		252
Mortgage-backed securities issued by United States government-sponsored enterprises	128		2		—			130		—		130
Foreign government bonds	42		—		(1		)	41		—		41
Total	$	6,916	$	2	$	(23	)	$	6,895	$	3,789	$	3,106



	Less than 12 Months					12 Months or Greater					Total
	Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses
	(In millions)
Debt securities issued by United States government agencies	$	925	$	(1	)	$	559	$	(5	)	$	1,484	$	(6	)
Debt securities issued by the United States Treasury	754		—			410		(2		)	1,164		(2		)
Corporate debt securities	310		(1		)	742		(7		)	1,052		(8		)
Asset-backed securities	49		(1		)	155		(1		)	204		(2		)
Mortgage-backed securities issued by United States government-sponsored enterprises	15		—			31		(1		)	46		(1		)
Foreign government bonds	—		—			31		—			31		—
	$	2,053	$	(3	)	$	1,928	$	(16	)	$	3,981	$	(19	)

The amortized cost and estimated fair value of cash equivalents and marketable securities as of July 29, 2018 and January 28, 2018 are shown below by contractual maturity.



	July 29, 2018				January 28, 2018
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
	(In millions)
Less than 1 year	$	5,991	$	5,981	$	5,381	$	5,375
Due in 1 - 5 years	1,705		1,699		1,500		1,485
Mortgage-backed securities issued by United States government-sponsored enterprises not due at a single maturity date	28		28		35		35
Total	$	7,724	$	7,708	$	6,916	$	6,895

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Fair Value of Financial Assets and Liabilities (Tables)

6 Months Ended

Jul. 29, 2018

Fair Value Measurements, Recurring and Nonrecurring



		Fair Value at
	Pricing Category	July 29, 2018		January 28, 2018
		(In millions)
Assets
Cash equivalents and marketable securities:
Corporate debt securities	Level 2	$	2,484	$	1,295
Debt securities issued by the United States Treasury	Level 2	$	2,410	$	573
Debt securities of United States government agencies	Level 2	$	1,987	$	815
Money market funds	Level 1	$	483	$	3,789
Asset-backed securities	Level 2	$	204	$	252
Mortgage-backed securities issued by United States government-sponsored enterprises	Level 2	$	108	$	130
Foreign government bonds	Level 2	$	32	$	41

Liabilities
Current liability:
1.00% Convertible Senior Notes (1)	Level 2	$	175	$	189
Other noncurrent liabilities:
2.20% Notes Due 2021 (1)	Level 2	$	970	$	982
3.20% Notes Due 2026 (1)	Level 2	$	970	$	986


(1)	These liabilities are carried on our Consolidated Balance Sheets at their original issuance value, net of unamortized debt discount and issuance costs, and are not marked to fair value each period. Refer to Note 12 of these Notes to Condensed Consolidated Financial Statements for additional information.

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

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Amortizable Intangible Assets (Tables)

6 Months Ended

Jul. 29, 2018

Amortizable Intangible Assets Components

The components of our amortizable intangible assets are as follows:



	July 29, 2018							January 28, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In millions)							(In millions)
Acquisition-related intangible assets	$	195	$	(184	)	$	11	$	195	$	(180	)	$	15
Patents and licensed technology	485		(445		)	40		469		(432		)	37
Total intangible assets	$	680	$	(629	)	$	51	$	664	$	(612	)	$	52

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Balance Sheet Components (Tables)

6 Months Ended

Jul. 29, 2018

Accrued and Other Current Liabilities

Inventories

Certain balance sheet components are as follows:



	July 29,		January 28,
	2018		2018
Inventories:	(In millions)
Raw materials	$	421	$	227
Work in-process	266		192
Finished goods	403		377
Total inventories	$	1,090	$	796



	July 29,		January 28,
	2018		2018
Accrued and Other Current Liabilities:	(In millions)
Customer program accruals	$	248	$	181
Accrued payroll and related expenses	170		172
Deferred revenue (1)	77		53
Taxes payable	39		33
Coupon interest on debt obligations	20		20
Accrued royalties	19		17
Warranty accrual (2)	16		15
Professional service fees	15		15
Other	44		36
Total accrued and other current liabilities	$	648	$	542


(1)	Deferred revenue primarily includes customer advances and deferrals related to license and development arrangements and PCS.


(2)	Refer to Note 11 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding warranties.

Other Long-term Liabilities



	July 29,		January 28,
	2018		2018
Other Long-Term Liabilities:	(In millions)
Income tax payable (1)	$	544	$	559
Deferred revenue (2)	27		15
Deferred income tax liability	21		18
Employee benefits liability	18		12
Deferred rent	14		9
Other	14		19
Total other long-term liabilities	$	638	$	632


(1)	As of July 29, 2018, represents the long-term portion of the one-time transition tax payable of $337 million, as well as unrecognized tax benefits of $191 million and related interest and penalties of $16 million.


(2)	Deferred revenue primarily includes deferrals related to license and development arrangements and PCS.

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Derivative Financial Instruments (Tables)

6 Months Ended

Jul. 29, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The table below presents the notional value of our foreign currency forward contracts outstanding as of July 29, 2018 and January 28, 2018:



	July 29, 2018		January 28, 2018
	(In millions)
Designated as cash flow hedges	$	396	$	104
Not designated for hedge accounting	$	92	$	94

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Debt (Table)

6 Months Ended

Jul. 29, 2018

Debt Disclosure [Abstract]

Long-term Debt

The carrying value of the Notes and the associated interest rates were as follows:



	Expected Remaining Term (years)	Effective Interest Rate	July 29, 2018			January 28, 2018
			(In millions)
2.20% Notes Due 2021	3.1	2.38%	$	1,000		$	1,000
3.20% Notes Due 2026	8.1	3.31%	1,000			1,000
Unamortized debt discount and issuance costs			(13		)	(15		)
Net carrying amount			$	1,987		$	1,985

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

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Segment Information (Tables)

6 Months Ended

Jul. 29, 2018

Financial Information by Operating Segment

The table below presents details of our reportable segments and the “All Other” category.



	GPU		Tegra Processor		All Other			Consolidated
	(In millions)
Three Months Ended July 29, 2018
Revenue	$	2,656	$	467	$	—		$	3,123
Depreciation and amortization expense	$	43	$	12	$	3		$	58
Operating income (loss)	$	1,259	$	97	$	(199	)	$	1,157

Three Months Ended July 30, 2017
Revenue	$	1,897	$	333	$	—		$	2,230
Depreciation and amortization expense	$	29	$	9	$	11		$	49
Operating income (loss)	$	761	$	71	$	(144	)	$	688

Six Months Ended July 29, 2018
Revenue	$	5,421	$	909	$	—		$	6,330
Depreciation and amortization expense	$	83	$	22	$	11		$	116
Operating income (loss)	$	2,653	$	194	$	(395	)	$	2,452

Six Months Ended July 30, 2017
Revenue	$	3,459	$	665	$	43		$	4,167
Depreciation and amortization expense	$	57	$	18	$	21		$	96
Operating income (loss)	$	1,363	$	118	$	(239	)	$	1,242

Reconciling items included in All Other category



	Three Months Ended						Six Months Ended
	July 29, 2018			July 30, 2017			July 29, 2018			July 30, 2017
	(In millions)
Reconciling items included in "All Other" category:
Unallocated revenue	$	—		$	—		$	—		$	43
Stock-based compensation expense	(132		)	(81		)	(262		)	(158		)
Unallocated cost of revenue and operating expenses	(65		)	(59		)	(129		)	(114		)
Acquisition-related costs	(2		)	(4		)	(4		)	(8		)
Contributions	—			—			—			(2		)
Total	$	(199	)	$	(144	)	$	(395	)	$	(239	)

Schedule of Revenue by Geographic Regions

The following table summarizes information pertaining to our revenue from customers based on the invoicing address by geographic regions:



	Three Months Ended				Six Months Ended
	July 29,		July 30,		July 29,		July 30,
	2018		2017		2018		2017
	(In millions)
Revenue:
Taiwan	$	843	$	674	$	1,810	$	1,277
China	760		481		1,514		810
Other Asia Pacific	676		420		1,259		797
United States	413		278		847		631
Europe	234		178		469		360
Other Americas	197		199		431		292
Total revenue	$	3,123	$	2,230	$	6,330	$	4,167

Schedule of Revenue by Major Markets

The following table summarizes information pertaining to our revenue by each of the specialized markets we serve:



	Three Months Ended				Six Months Ended
	July 29,		July 30,		July 29,		July 30,
	2018		2017		2018		2017
	(In millions)
Revenue:
Gaming	$	1,805	$	1,186	$	3,528	$	2,213
Professional Visualization	281		235		532		440
Datacenter	760		416		1,461		825
Automotive	161		142		306		282
OEM & IP	116		251		503		407
Total revenue	$	3,123	$	2,230	$	6,330	$	4,167

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New Revenue Accounting Standard (Details) $ in Millions	6 Months Ended
New Revenue Accounting Standard (Details) $ in Millions	Jul. 29, 2018 USD ($)
Change in Contract with Customer, Liability [Roll Forward]
Beginning balance	$ 63
Deferred revenue added during the period	194
Revenue recognized during the period	(153)
Ending balance	104
Calculated under Revenue Guidance in Effect before Topic 606
Change in Contract with Customer, Liability [Roll Forward]
Beginning balance	68
New Revenue Accounting Standard
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect on retained earnings, net of tax	7
Change in Contract with Customer, Liability [Roll Forward]
Remaining performance obligation	$ 235
Percent of remaining performance obligations to be recognized (as percent)	50.00%
New Revenue Accounting Standard \| Adjustment to retained earnings upon adoption of new revenue standard
Change in Contract with Customer, Liability [Roll Forward]
Beginning balance	$ (5)

XML 45 R33.htm IDEA: XBRL DOCUMENT

Stock-Based Compensation (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions

3 Months Ended

6 Months Ended

Jul. 29, 2018

Jan. 28, 2018

Jul. 30, 2017

Jul. 29, 2018

Jul. 30, 2017

RSUs, PSUs, and Market-based PSUs Outstanding, beginning balance (in shares)

$ 132

$ 81

$ 262

$ 158

Number of Shares

22,000

Granted (in shares)

^[1],[2]

1,000

Vested restricted stock (in shares)

(5,000)

Canceled and forfeited (in shares)

RSUs, PSUs, and Market-based PSUs Outstanding, ending balance (in shares)

18,000

22,000

18,000

Weighted Average Grant-Date Fair Value Per Share

RSUs, PSUs, and Market-based PSUs, beginning balance (in dollars per share)

$ 66.72

Granted (in dollars per share)

240.22

Vested restricted stock (in dollars per share)

39.64

Canceled and forfeited (in dollars per share)

0.00

RSUs, PSUs, and Market-based PSUs, ending balance (in dollars per share)

$ 84.56

$ 66.72

$ 84.56

Maximum number of PSUs issuable (in shares)

300

Maximum number of market-based PSUs issuable (in shares)

Stock-based compensation expense related to equity awards not expected to vest

$ 12

$ 31

Summary of unearned SBC expense

Aggregate amount of unearned stock-based compensation expense related to equity awards, adjusted for estimated forfeitures

$ 1,048

$ 1,091

$ 1,048

Market-based PSUs

Weighted Average Grant-Date Fair Value Per Share

Measurement period

3 years

RSUs, PSUs, and Market-based PSUs

Summary of unearned SBC expense

Estimated weighted average amortization period

2 years 24 days

2 years 3 months 7 days

Employee Stock Purchase Plan

Summary of unearned SBC expense

Estimated weighted average amortization period

10 months 24 days

8 months 6 days

Cost of revenue

$ 8

$ 16

Research and development

Sales, general and administrative

150

Basic weighted average shares (in shares)

$ 48

$ 33

$ 96

$ 65

[1]	Includes the number of PSUs granted that will be issued and eligible to vest if the maximum corporate financial performance goal for fiscal year 2019 is achieved. Depending on the actual level of the corporate performance achievement at the end of fiscal year 2019, the PSUs issued could be up to 0.3 million shares.
[2]	Includes the number of market-based PSUs granted that will be issued and eligible to vest if the maximum goal for total shareholder return, or TSR, over the 3-year measurement period is achieved. Depending on the ranking of our TSR compared to those of the companies comprising the Standard & Poor’s 500 Index during that period, the market-based PSUs issued could be up to 45 thousand shares.

XML 46 R34.htm IDEA: XBRL DOCUMENT

Net Income Per Share (Details) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

6 Months Ended

Jul. 29, 2018

Jul. 30, 2017

Jul. 29, 2018

Jul. 30, 2017

Numerator:

Net income

$ 1,101

$ 583

$ 2,345

$ 1,091

Denominator:

607,000,000

597,000,000

607,000,000

595,000,000

Dilutive impact of outstanding securities:

Equity awards (in shares)

18,000,000

26,000,000

19,000,000

26,000,000

1.00% Convertible Senior Notes (in shares)

1,000,000

4,000,000

1,000,000

9,000,000

Warrants issued with the 1.00% Convertible Senior Notes (in shares)

6,000,000

7,000,000

Diluted weighted average shares (in shares)

626,000,000

633,000,000

627,000,000

637,000,000

Net income per share:

Basic (in dollars per share)

^[1]

$ 1.81

$ 0.98

$ 3.86

$ 1.83

Diluted (in dollars per share)

^[2]

$ 1.76

$ 0.92

$ 3.74

$ 1.71

Equity awards excluded from diluted net income per share because their effect would have been anti-dilutive (in shares)

1,000,000

Stated interest rate (as percent)

1.00%

Conversion price (in dollars per share)

$ 20.02

Warrants outstanding (in shares)

[1]	Calculated as net income divided by basic weighted average shares.
[2]	Calculated as net income divided by diluted weighted average shares.

XML 47 R35.htm IDEA: XBRL DOCUMENT

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017	Jan. 28, 2018
Notes to financial statements [Abstract]
Income tax expense	$ 79	$ 101	$ 146	$ 130
Tax expense as percentage of income before income tax (as percent)	6.70%	14.80%	5.90%	10.70%
U.S. federal statutory tax rate (as percent)			21.00%		33.90%

XML 48 R36.htm IDEA: XBRL DOCUMENT

Marketable Securities (Details) - USD ($)	3 Months Ended		6 Months Ended
Marketable Securities (Details) - USD ($)	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017	Jan. 28, 2018
Summary of cash equivalents and marketable securities:
Unrealized Gain	$ 3,000,000		$ 3,000,000		$ 2,000,000
Unrealized Loss	(19,000,000)		(19,000,000)		(23,000,000)
Reported as
Cash Equivalents	483,000,000		483,000,000		3,789,000,000
Marketable Securities	7,225,000,000		7,225,000,000		3,106,000,000
Fair value, unrealized loss position
Fair value, unrealized loss less than 12 months	2,053,000,000		2,053,000,000
Fair value, unrealized loss greater than 12 months	1,928,000,000		1,928,000,000
Fair value with unrealized loss, total	3,981,000,000		3,981,000,000
Unrealized Loss Position, Aggregate Losses
Unrealized loss, less than 12 months, gross	(3,000,000)		(3,000,000)
Unrealized loss, 12 months or greater, gross	(16,000,000)		(16,000,000)
Gross unrealized loss, total	(19,000,000)		(19,000,000)
Other-than-temporary impairment losses	0	$ 0	0	$ 0
Amortized Cost
Less than 1 year	5,991,000,000		5,991,000,000		5,381,000,000
Due in 1 - 5 years	1,705,000,000		1,705,000,000		1,500,000,000
Mortgage-backed securities issued by United States government-sponsored enterprises not due at a single maturity date	28,000,000		28,000,000		35,000,000
Amortized Cost	7,724,000,000		7,724,000,000		6,916,000,000
Estimated Fair Value
Less than 1 year	5,981,000,000		5,981,000,000		5,375,000,000
Due in 1 - 5 years	1,699,000,000		1,699,000,000		1,485,000,000
Mortgage-backed securities issued by United States government-sponsored enterprises not due at a single maturity date	28,000,000		28,000,000		35,000,000
Estimated Fair Value	7,708,000,000		7,708,000,000		6,895,000,000
Corporate debt securities
Summary of cash equivalents and marketable securities:
Unrealized Gain	1,000,000		1,000,000		0
Unrealized Loss	(8,000,000)		(8,000,000)		(9,000,000)
Reported as
Cash Equivalents	0		0		0
Marketable Securities	2,484,000,000		2,484,000,000		1,295,000,000
Fair value, unrealized loss position
Fair value, unrealized loss less than 12 months	310,000,000		310,000,000
Fair value, unrealized loss greater than 12 months	742,000,000		742,000,000
Fair value with unrealized loss, total	1,052,000,000		1,052,000,000
Unrealized Loss Position, Aggregate Losses
Unrealized loss, less than 12 months, gross	(1,000,000)		(1,000,000)
Unrealized loss, 12 months or greater, gross	(7,000,000)		(7,000,000)
Gross unrealized loss, total	(8,000,000)		(8,000,000)
Amortized Cost
Amortized Cost	2,491,000,000		2,491,000,000		1,304,000,000
Estimated Fair Value
Estimated Fair Value	2,484,000,000		2,484,000,000		1,295,000,000
Debt securities issued by the United States Treasury
Summary of cash equivalents and marketable securities:
Unrealized Gain	0		0		0
Unrealized Loss	(2,000,000)		(2,000,000)		(4,000,000)
Reported as
Cash Equivalents	0		0		0
Marketable Securities	2,410,000,000		2,410,000,000		573,000,000
Fair value, unrealized loss position
Fair value, unrealized loss less than 12 months	754,000,000		754,000,000
Fair value, unrealized loss greater than 12 months	410,000,000		410,000,000
Fair value with unrealized loss, total	1,164,000,000		1,164,000,000
Unrealized Loss Position, Aggregate Losses
Unrealized loss, less than 12 months, gross	0		0
Unrealized loss, 12 months or greater, gross	(2,000,000)		(2,000,000)
Gross unrealized loss, total	(2,000,000)		(2,000,000)
Amortized Cost
Amortized Cost	2,412,000,000		2,412,000,000		577,000,000
Estimated Fair Value
Estimated Fair Value	2,410,000,000		2,410,000,000		573,000,000
Debt securities of United States government agencies
Summary of cash equivalents and marketable securities:
Unrealized Gain	0		0		0
Unrealized Loss	(6,000,000)		(6,000,000)		(7,000,000)
Reported as
Cash Equivalents	0		0		0
Marketable Securities	1,987,000,000		1,987,000,000		815,000,000
Fair value, unrealized loss position
Fair value, unrealized loss less than 12 months	925,000,000		925,000,000
Fair value, unrealized loss greater than 12 months	559,000,000		559,000,000
Fair value with unrealized loss, total	1,484,000,000		1,484,000,000
Unrealized Loss Position, Aggregate Losses
Unrealized loss, less than 12 months, gross	(1,000,000)		(1,000,000)
Unrealized loss, 12 months or greater, gross	(5,000,000)		(5,000,000)
Gross unrealized loss, total	(6,000,000)		(6,000,000)
Amortized Cost
Amortized Cost	1,993,000,000		1,993,000,000		822,000,000
Estimated Fair Value
Estimated Fair Value	1,987,000,000		1,987,000,000		815,000,000
Money market funds
Summary of cash equivalents and marketable securities:
Unrealized Gain	0		0		0
Unrealized Loss	0		0		0
Reported as
Cash Equivalents	483,000,000		483,000,000		3,789,000,000
Marketable Securities	0		0		0
Amortized Cost
Amortized Cost	483,000,000		483,000,000		3,789,000,000
Estimated Fair Value
Estimated Fair Value	483,000,000		483,000,000		3,789,000,000
Asset-backed securities
Summary of cash equivalents and marketable securities:
Unrealized Gain	0		0		0
Unrealized Loss	(2,000,000)		(2,000,000)		(2,000,000)
Reported as
Cash Equivalents	0		0		0
Marketable Securities	204,000,000		204,000,000		252,000,000
Fair value, unrealized loss position
Fair value, unrealized loss less than 12 months	49,000,000		49,000,000
Fair value, unrealized loss greater than 12 months	155,000,000		155,000,000
Fair value with unrealized loss, total	204,000,000		204,000,000
Unrealized Loss Position, Aggregate Losses
Unrealized loss, less than 12 months, gross	(1,000,000)		(1,000,000)
Unrealized loss, 12 months or greater, gross	(1,000,000)		(1,000,000)
Gross unrealized loss, total	(2,000,000)		(2,000,000)
Amortized Cost
Amortized Cost	206,000,000		206,000,000		254,000,000
Estimated Fair Value
Estimated Fair Value	204,000,000		204,000,000		252,000,000
Mortgage-backed securities issued by United States government-sponsored enterprises
Summary of cash equivalents and marketable securities:
Unrealized Gain	2,000,000		2,000,000		2,000,000
Unrealized Loss	(1,000,000)		(1,000,000)		0
Reported as
Cash Equivalents	0		0		0
Marketable Securities	108,000,000		108,000,000		130,000,000
Fair value, unrealized loss position
Fair value, unrealized loss less than 12 months	15,000,000		15,000,000
Fair value, unrealized loss greater than 12 months	31,000,000		31,000,000
Fair value with unrealized loss, total	46,000,000		46,000,000
Unrealized Loss Position, Aggregate Losses
Unrealized loss, less than 12 months, gross	0		0
Unrealized loss, 12 months or greater, gross	(1,000,000)		(1,000,000)
Gross unrealized loss, total	(1,000,000)		(1,000,000)
Amortized Cost
Amortized Cost	107,000,000		107,000,000		128,000,000
Estimated Fair Value
Estimated Fair Value	108,000,000		108,000,000		130,000,000
Foreign government bonds
Summary of cash equivalents and marketable securities:
Unrealized Gain	0		0		0
Unrealized Loss	0		0		(1,000,000)
Reported as
Cash Equivalents	0		0		0
Marketable Securities	32,000,000		32,000,000		41,000,000
Fair value, unrealized loss position
Fair value, unrealized loss less than 12 months	0		0
Fair value, unrealized loss greater than 12 months	31,000,000		31,000,000
Fair value with unrealized loss, total	31,000,000		31,000,000
Unrealized Loss Position, Aggregate Losses
Unrealized loss, less than 12 months, gross	0		0
Unrealized loss, 12 months or greater, gross	0		0
Gross unrealized loss, total	0		0
Amortized Cost
Amortized Cost	32,000,000		32,000,000		42,000,000
Estimated Fair Value
Estimated Fair Value	$ 32,000,000		$ 32,000,000		$ 41,000,000

XML 49 R37.htm IDEA: XBRL DOCUMENT

Fair Value of Financial Assets and Liabilities (Details) - USD ($)
$ in Millions

Jul. 29, 2018

Jan. 28, 2018

Assets

Corporate debt securities

$ 7,708

$ 6,895

Assets

Debt securities issued by the United States Treasury

2,484

1,295

Assets

Debt securities of United States government agencies

2,410

573

Assets

1,987

815

Money market funds

Assets

483

3,789

Asset-backed securities

Assets

Mortgage-backed securities issued by United States government-sponsored enterprises

204

252

Assets

108

130

Foreign government bonds

Assets

Fair Value, Inputs, Level 1 | Money market funds

Assets

Fair Value, Inputs, Level 2

483

3,789

Liabilities

1.00% Convertible Senior Notes

^[1]

175

189

Fair Value, Inputs, Level 2 | 2.20% Notes Due 2021

Liabilities

Notes

^[1]

970

982

Fair Value, Inputs, Level 2 | 3.20% Notes Due 2026

Liabilities

Notes

^[1]

970

986

Fair Value, Inputs, Level 2 | Corporate debt securities

Assets

Fair Value, Inputs, Level 2 | Debt securities issued by the United States Treasury

2,484

1,295

Assets

Fair Value, Inputs, Level 2 | Debt securities of United States government agencies

2,410

573

Assets

Fair Value, Inputs, Level 2 | Asset-backed securities

1,987

815

Assets

Fair Value, Inputs, Level 2 | Mortgage-backed securities issued by United States government-sponsored enterprises

204

252

Assets

Fair Value, Inputs, Level 2 | Foreign government bonds

108

130

Assets

Outstanding Inventory Purchase Obligations

$ 32

$ 41

[1]

These liabilities are carried on our Consolidated Balance Sheets at their original issuance value, net of unamortized debt discount and issuance costs, and are not marked to fair value each period. Refer to Note 12 of these Notes to Condensed Consolidated Financial Statements for additional information.

XML 50 R38.htm IDEA: XBRL DOCUMENT

Amortizable Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017	Jan. 28, 2018
Amortizable intangible assets components
Amortization expense	$ 6	$ 14	$ 17	$ 29
Future amortization expense associated with intangible assets
Remainder of fiscal 2019	12		12
Fiscal 2020	20		20
Fiscal 2021	11		11
Fiscal 2022	4		4
Fiscal 2023	3		3
Fiscal 2024	1		1
Acquisition-related intangible assets
Amortizable intangible assets components
Gross Carrying Amount	195		195		$ 195
Accumulated Amortization	(184)		(184)		(180)
Net Carrying Amount	11		11		15
Patents and licensed technology
Amortizable intangible assets components
Gross Carrying Amount	485		485		469
Accumulated Amortization	(445)		(445)		(432)
Net Carrying Amount	40		40		37
Total intangible assets
Amortizable intangible assets components
Gross Carrying Amount	680		680		664
Accumulated Amortization	(629)		(629)		(612)
Net Carrying Amount	$ 51		$ 51		$ 52

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Balance Sheet Components (Details) - USD ($)
$ in Millions

6 Months Ended

Jul. 29, 2018

Jan. 28, 2018

Inventories:

Raw materials

$ 421

$ 227

Work in-process

266

192

Finished goods

403

377

Total inventories

1,090

796

1,910

Accrued and Other Current Liabilities:

Customer program accruals

248

181

Accrued payroll and related expenses

170

172

Deferred revenue

^[1]

Taxes payable

Coupon interest on debt obligations

Accrued royalties

Warranty accrual

^[2]

Professional service fees

Other

Total accrued and other current liabilities

648

542

Other Long-Term Liabilities:

Income taxes payable

^[3]

544

559

Deferred revenue

^[4]

Deferred income tax liability

Employee benefits liability

Deferred rent

Other

Total other long-term liabilities

638

$ 632

One time transition tax payable, noncurrent

337

Unrecognized tax benefits

191

Interest and penalties related to unrecognized tax benefits

$ 16

[1]	Deferred revenue primarily includes customer advances and deferrals related to license and development arrangements and PCS.
[2]	Refer to Note 11 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding warranties.
[3]	As of July 29, 2018, represents the long-term portion of the one-time transition tax payable of $337 million, as well as unrecognized tax benefits of $191 million and related interest and penalties of $16 million.
[4]	Deferred revenue primarily includes deferrals related to license and development arrangements and PCS.

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Derivative Financial Instruments (Details) - USD ($)	3 Months Ended		6 Months Ended
Derivative Financial Instruments (Details) - USD ($)	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017	Jan. 28, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Designated as cash flow hedges	$ 396,000,000		$ 396,000,000		$ 104,000,000
Not designated for hedge accounting	92,000,000		92,000,000		$ 94,000,000
Derivative [Line Items]
Gain (loss) associated with ineffectiveness	$ 0	$ 0	$ 0	$ 0
Foreign currency forward contracts
Derivative [Line Items]
Derivative, maturity period			18 months

XML 53 R41.htm IDEA: XBRL DOCUMENT

Guarantees (Details) - USD ($)
$ in Millions

Jul. 29, 2018

Jan. 28, 2018