NVIDIA (NVDA) 10-Q 16 Aug 18 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares shares in Millions	6 Months Ended
	Jul. 29, 2018	Aug. 10, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	NVIDIA CORP
Entity Central Index Key	1,045,810
Current Fiscal Year End Date	--01-27
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 29, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		608
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017
Income Statement [Abstract]
Revenue		$ 3,123	$ 2,230	$ 6,330	$ 4,167
Cost of revenue		1,148	928	2,287	1,715
Gross profit		1,975	1,302	4,043	2,452
Operating expenses
Research and development		581	416	1,124	827
Sales, general and administrative		237	198	467	383
Total operating expenses		818	614	1,591	1,210
Income from operations		1,157	688	2,452	1,242
Interest income		32	15	57	31
Interest expense		(14)	(15)	(29)	(31)
Other, net		5	(4)	11	(21)
Total other income (expense)		23	(4)	39	(21)
Income before income tax		1,180	684	2,491	1,221
Income tax expense		79	101	146	130
Net income		$ 1,101	$ 583	$ 2,345	$ 1,091
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
Weighted average shares used in per share computation:
Basic (in shares)		607	597	607	595
Diluted (in shares)		626	633	627	637
Cash dividends declared and paid per common share (in dollars per share)		$ 0.150	$ 0.140	$ 0.300	$ 0.280
[1]	Calculated as net income divided by basic weighted average shares.
[2]	Calculated as net income divided by diluted weighted average shares.

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 29, 2018	Jul. 30, 2017	Jul. 29, 2018	Jul. 30, 2017
Available-for-sale securities:
Net unrealized gain	$ 6	$ 3	$ 3	$ 5
Reclassification adjustments for net realized gain included in net income	0	0	1	0
Net change in unrealized gain	6	3	4	5
Cash flow hedges:
Net unrealized loss	(4)	(1)	(8)	(2)
Reclassification adjustments for net realized gain (loss) included in net income	(2)	1	(1)	1
Net change in unrealized loss	(6)	0	(9)	(1)
Other comprehensive income (loss), net of tax	0	3	(5)	4
Net income	1,101	583	2,345	1,091
Total comprehensive income	$ 1,101	$ 586	$ 2,340	$ 1,095

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 29, 2018	Jan. 28, 2018
Current assets:
Cash and cash equivalents	$ 718	$ 4,002
Marketable securities	7,225	3,106
Accounts receivable, net	1,662	1,265
Inventories	1,090	796
Prepaid expenses and other current assets	136	86
Total current assets	10,831	9,255
Property and equipment, net	1,162	997
Goodwill	618	618
Intangible assets, net	51	52
Other assets	220	319
Total assets	12,882	11,241
Current liabilities:
Accounts payable	800	596
Accrued and other current liabilities	648	542
Convertible short-term debt	14	15
Total current liabilities	1,462	1,153
Long-term debt	1,987	1,985
Other long-term liabilities	638	632
Total liabilities	4,087	3,770
Commitments and contingencies - see Note 13
Shareholders’ equity:
Preferred stock	0	0
Common stock	1	1
Additional paid-in capital	5,681	5,351
Treasury stock, at cost	(7,821)	(6,650)
Accumulated other comprehensive loss	(23)	(18)
Retained earnings	10,957	8,787
Total shareholders' equity	8,795	7,471
Total liabilities and shareholders' equity	$ 12,882	$ 11,241

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jul. 29, 2018	Jul. 30, 2017
Cash flows from operating activities:
Net income	$ 2,345	$ 1,091
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	262	158
Depreciation and amortization	116	96
Deferred income taxes	113	115
Loss on early debt conversions	0	17
Other	(22)	11
Changes in operating assets and liabilities:
Accounts receivable	(386)	(387)
Inventories	(295)	(61)
Prepaid expenses and other assets	(44)	(15)
Accounts payable	172	(63)
Accrued and other current liabilities	96	9
Other long-term liabilities	1	16
Net cash provided by operating activities	2,358	987
Cash flows from investing activities:
Proceeds from maturities of marketable securities	2,957	450
Proceeds from sales of marketable securities	77	726
Purchases of marketable securities	(7,136)	(36)
Purchases of property and equipment and intangible assets	(247)	(108)
Investment in non-affiliates	(7)	(16)
Net cash provided by (used in) investing activities	(4,356)	1,016
Cash flows from financing activities:
Payments related to repurchases of common stock	(655)	(758)
Repayment of Convertible Notes	(2)	(741)
Dividends paid	(182)	(166)
Proceeds related to employee stock plans	69	76
Payments related to tax on restricted stock units	(515)	(190)
Other	(1)	(2)
Net cash used in financing activities	(1,286)	(1,781)
Change in cash and cash equivalents	(3,284)	222
Cash and cash equivalents at beginning of period	4,002	1,766
Cash and cash equivalents at end of period	718	1,988
Other non-cash investing activity:
Assets acquired by assuming related liabilities	$ 52	$ 32

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jul. 29, 2018
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, 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 . Significant Accounting Policies Except for the accounting policy for revenue recognition, which was updated as a result of adopting a new accounting standard related to revenue recognition, there have been no material changes to our significant accounting policies 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, 2018 . 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 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 Certain prior fiscal year balances have been reclassified to conform to the current fiscal year presentation. 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 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 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.

New Revenue Accounting Standard

New Revenue Accounting Standard	6 Months Ended
	Jul. 29, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Revenue Accounting Standard	New Revenue Accounting Standard Method and Impact of Adoption On January 29, 2018, we adopted the new revenue accounting standard using the modified retrospective method and applied it to contracts that were not completed as of that date. Upon adoption, we recognized the cumulative effect of the new standard as a $7 million increase to opening retained earnings, net of tax. Comparative information for prior periods has not been adjusted. The impact of the new standard on our consolidated financial statements for the second quarter and first half of fiscal year 2019 was not significant. Deferred Revenue and Performance Obligations Deferred revenue is comprised mainly of customer advances and deferrals related to license and development arrangements and PCS related to software licensing. 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 Revenue related to remaining performance obligations represents the amount of contracted license and development arrangements and PCS that has not been recognized. As of July 29, 2018 , the amount of our remaining performance obligations that have not been recognized as revenue was $235 million , of which we expect to recognize approximately 50% as revenue over the next twelve months and the remainder thereafter. This amount excludes the value of remaining performance obligations for contracts with an original expected length of one year or less. Refer to Note 15 of these Notes to Condensed Consolidated Financial Statements for additional information, including disaggregated revenue disclosures.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jul. 29, 2018
Employee Service Share-based Compensation, Aggregate Disclosures [Abstract]
Stock-Based Compensation	Stock-Based Compensation Our stock-based compensation expense is associated with restricted stock units, or RSUs, performance stock units that are based on our corporate financial performance targets, or PSUs, performance stock units that are based on market conditions, or market-based PSUs, and our employee stock purchase plan, or ESPP. 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, July 30, July 29, July 30, (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 Equity Award Activity 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. Of the total fair value of equity awards granted during the second quarter and first half of fiscal year 2019 , we estimated that the stock-based compensation expense related to equity awards that are not expected to vest was $12 million and $31 million , respectively. Of the total fair value of equity awards granted during the second quarter and first half of fiscal year 2018 , we estimated that the stock-based compensation expense related to equity awards that are not expected to vest was $10 million and $39 million , respectively. 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

Net Income Per Share

Net Income Per Share	6 Months Ended
	Jul. 29, 2018
Notes to financial statements [Abstract]
Net Income Per Share	Net Income Per Share The following is a reconciliation of the denominator of the basic and diluted net income per share computations for the periods presented: Three Months Ended Six Months Ended 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. The 1.00% Convertible Senior Notes Due 2018, or the Convertible Notes, are included in the calculation of diluted net income per share. The Convertible Notes have a dilutive impact on net income per share if our average stock price for the reporting period exceeds the adjusted conversion price of $20.02 per share. The warrants associated with our Convertible Notes, or the Warrants, outstanding are also included in the calculation of diluted net income per share. As of July 29, 2018 , there were no warrants outstanding. Refer to Note 1 2 of these Notes to Condensed Consolidated Financial Statements for additional discussion regarding the Convertible Notes and Note Hedges.

Income Taxes

Income Taxes	6 Months Ended
	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 no t 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.

Marketable Securities

Marketable Securities	6 Months Ended
	Jul. 29, 2018
Notes to financial statements [Abstract]
Marketable Securities	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 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 Unrealized Unrealized Estimated Reported as 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 The following table provides the breakdown of unrealized losses as of July 29, 2018 , aggregated by investment category and length of time that individual securities have been in a continuous loss position: 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 gross unrealized losses related to fixed income securities were primarily due to changes in interest rates, which we believe are temporary in nature. We have the intent and ability to hold our investments until maturity. For the second quarter and first half of fiscal years 2019 and 2018 , there were no other-than-temporary impairment losses and net realized gains were not significant. 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

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities	6 Months Ended
	Jul. 29, 2018
Notes to financial statements [Abstract]
Fair Value of Financial Assets and Liabilities	Fair Value of Financial Assets and Liabilities The fair values of our financial assets and liabilities are determined using quoted market prices of identical assets or quoted market prices of similar assets from active markets. We review fair value hierarchy classification on a quarterly basis. There were no significant transfers between Levels 1 and 2 financial assets and liabilities for the second quarter of fiscal year 2019 . Level 3 financial assets and liabilities are based on unobservable inputs to the valuation methodology and include our own data about assumptions market participants would use in pricing the asset or liability based on the best information available under the circumstances. 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.

Amortizable Intangible Assets

Amortizable Intangible Assets	6 Months Ended
	Jul. 29, 2018
Notes to financial statements [Abstract]
Amortizable Intangible Assets	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 The increase in gross carrying amount of intangible assets is due to purchases of licensed technology during the first half of fiscal year 2019. Amortization expense associated with intangible assets was $6 million and $17 million for the second quarter and first half of fiscal year 2019 , respectively, and $14 million and $29 million for the second quarter and first half of fiscal year 2018 , respectively. Future amortization expense related to the net carrying amount of intangible assets as of July 29, 2018 is estimated to be $12 million for the remainder of fiscal year 2019, $20 million in fiscal year 2020 , $11 million in fiscal year 2021 , $4 million in fiscal year 2022 , $3 million in fiscal year 2023 , and $1 million in fiscal 2024.

Balance Sheet Components

Balance Sheet Components	6 Months Ended
	Jul. 29, 2018
Notes to financial statements [Abstract]
Balance Sheet Components	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.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jul. 29, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	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 . We also enter into foreign currency forward contracts to mitigate the impact of foreign currency movements on monetary assets and liabilities that are denominated in currencies other than U.S. dollar. These forward contracts were not designated for hedge accounting treatment. Therefore, the change in fair value of these contracts is recorded in other income or expense and offsets the change in fair value of the hedged foreign currency denominated monetary assets and liabilities, which is also recorded in other income or expense. 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, January 28, (In millions) Designated as cash flow hedges $ 396 $ 104 Not designated for hedge accounting $ 92 $ 94 As of July 29, 2018 , all designated foreign currency forward contracts mature within eighteen months. The expected realized gains and losses deferred into accumulated other comprehensive income (loss) related to foreign currency forward contracts within the next twelve months was no t significant. During the second quarter and first half of fiscal years 2019 and 2018 , the impact of derivative financial instruments designated for hedge accounting treatment on other comprehensive income or loss was not significant and all such instruments were determined to be highly effective. Therefore, there were no gains or losses associated with ineffectiveness.

Guarantees

Guarantees	6 Months Ended
	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.

Debt

Debt	6 Months Ended
	Jul. 29, 2018
Debt Disclosure [Abstract]
Debt	Debt Long-Term Debt 2.20% Notes Due 2021 and 3.20% Notes Due 2026 In fiscal year 2017, we issued $1.00 billion of the 2.20% Notes Due 2021, and $1.00 billion of the 3.20% Notes Due 2026, or collectively, the Notes. Interest on the Notes is payable on March 16 and September 16 of each year, beginning on March 16, 2017. Upon 30 days' notice to holders of the Notes, we may redeem the Notes for cash prior to maturity, at redemption prices that include accrued and unpaid interest, if any, and a make-whole premium. However, no make-whole premium will be paid for redemptions of the Notes Due 2021 on or after August 16, 2021, or for redemptions of the Notes Due 2026 on or after June 16, 2026. The net proceeds from the Notes were $1.98 billion , after deducting debt discount and issuance costs. The Notes are our unsecured senior obligations and rank equally in right of payment with all of our existing and future unsecured and unsubordinated indebtedness. The Notes are structurally subordinated to the liabilities of our subsidiaries and are effectively subordinated to any secured indebtedness to the extent of the value of the assets securing such indebtedness. All existing and future liabilities of our subsidiaries will be effectively senior to the Notes. 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 In fiscal year 2014, we issued $1.50 billion of 1.00% Convertible Senior Notes due 2018. Through the second quarter of fiscal year 2019 , we had settled an aggregate of $1.49 billion of the Convertible Notes. The Convertible Notes will mature on December 1, 2018 and we had $14 million in principal amount outstanding as of July 29, 2018 . Effective August 1, 2018, holders may convert all or any portion of their Convertible Notes before the close of business on the second scheduled trading day immediately preceding the maturity date of December 1, 2018 regardless of conversion conditions. During the second quarter of fiscal year 2019 , we paid cash to settle an insignificant amount of the Convertible Notes. Subsequently, we received additional conversion notices for an aggregate of $11 million in principal amount of the Convertible Notes which are expected to be settled in the third quarter of fiscal year 2019. During the second quarter of fiscal year 2019, we also issued one thousand shares of our common stock for the excess conversion value and the related loss on early conversions was no t significant. Based on the closing price of our common stock of $252.02 on the last trading day of the second quarter of fiscal year 2019, the if-converted value of the remaining outstanding Convertible Notes exceeded their principal amount by approximately $162 million . As of July 29, 2018 , the conversion rate was 49.94 shares of common stock per $1,000 principal amount of the Convertible Notes. Note Hedges Concurrently with the issuance of the Convertible Notes, we entered into the Note Hedges. The Note Hedges have an adjusted strike price of $20.02 per share and allow us to receive shares of our common stock and/or cash related to the excess conversion value that we would deliver and/or pay, respectively, to the holders of the Convertible Notes upon conversion. Through July 29, 2018 , we had received 56 million shares of our common stock from the exercise of a portion of the Note Hedges related to the settlement of $1.49 billion in principal amount of the Convertible Notes. Revolving Credit Facility We have a Credit Agreement under which we may borrow up to $575 million for general corporate purposes and can obtain revolving loan commitments up to $425 million . As of July 29, 2018 , we had no t borrowed any amounts under this agreement. Commercial Paper We have a $575 million commercial paper program to support general corporate purposes. As of July 29, 2018 , we had no t issued any commercial paper.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	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.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	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.

Segment Information

Segment Information	6 Months Ended
	Jul. 29, 2018
Notes to financial statements [Abstract]
Segment Information	Segment Information Our Chief Executive Officer, who is considered to be our chief operating decision maker, or CODM, reviews financial information presented on an operating segment basis for purposes of making operating decisions and assessing financial performance. Our operating segments are equivalent to our reportable segments. We report our business in two primary reportable segments - the GPU business and the Tegra Processor business - based on a single underlying architecture. While our GPU and CUDA architecture is unified, our GPU product brands are aimed at specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for artificial intelligence, or AI, data scientists and big data researchers; and GRID for cloud-based visual computing users. Our Tegra brand integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. Under the single unifying architecture for our GPU and Tegra Processors, we leverage our visual computing expertise by charging the operating expenses of certain core engineering functions to the GPU business, while charging the Tegra Processor business for the incremental cost of the teams working directly for that business. In instances where the operating expenses of certain functions benefit both reportable segments, our CODM assigns 100% of those expenses to the reportable segment that benefits the most. The “All Other” category presented below represents the revenue and expenses that our CODM does not assign to either the GPU business or the Tegra Processor business for purposes of making operating decisions or assessing financial performance. The revenue includes primarily patent licensing revenue and the expenses include stock-based compensation expense, corporate infrastructure and support costs, acquisition-related costs, legal settlement costs, contributions, restructuring and other charges, product warranty charge, 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. Reportable segments do not record intersegment revenue, and, accordingly, there is none to be reported. The accounting policies for segment reporting are the same as for NVIDIA as a whole. 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 Three Months Ended Six Months Ended July 29, July 30, July 29, July 30, (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 ) Revenue by geographic region is allocated to individual countries based on the location to which the products are initially billed even if our customers’ revenue is attributable to end customers that are located in a different location. 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 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. Accounts receivable from significant customers, those representing more than 10% of total accounts receivable, aggregated approximately 26% of our accounts receivable balance from two customers as of July 29, 2018 , and approximately 28% of our accounts receivable balance from two customers as of January 28, 2018 .

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	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.

New Revenue Accounting Standa22

New Revenue Accounting Standard (Tables)	6 Months Ended
	Jul. 29, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
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

Stock-Based Compensation (Table

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, July 30, July 29, July 30, (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

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jul. 29, 2018
Notes to financial statements [Abstract]
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.

Marketable Securities (Tables)

Marketable Securities (Tables)	6 Months Ended
	Jul. 29, 2018
Notes to financial statements [Abstract]
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 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 Unrealized Unrealized Estimated Reported as 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 The following table provides the breakdown of unrealized losses as of July 29, 2018 , aggregated by investment category and length of time that individual securities have been in a continuous loss position: 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

Fair Value of Financial Asset26

Fair Value of Financial Assets and Liabilities (Tables)	6 Months Ended
	Jul. 29, 2018
Notes to financial statements [Abstract]
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.

Amortizable Intangible Assets (

Amortizable Intangible Assets (Tables)	6 Months Ended
	Jul. 29, 2018
Notes to financial statements [Abstract]
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

Balance Sheet Components (Table

Balance Sheet Components (Tables)	6 Months Ended
	Jul. 29, 2018
Notes to financial statements [Abstract]
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
Accrued and Other Current Liabilities	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.

Derivative Financial Instrume29

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

Debt (Table)

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

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 29, 2018
Notes to financial statements [Abstract]
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, July 30, July 29, July 30, (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

New Revenue Accounting Standa32

New Revenue Accounting Standard (Details) $ in Millions	6 Months Ended
	Jul. 29, 2018USD ($)
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)

Stock-Based Compensation (Detai

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
Share-based Compensation
Stock-based compensation expense		$ 132		$ 81	$ 262	$ 158
Number of Shares
RSUs, PSUs, and Market-based PSUs Outstanding, beginning balance (in shares)					22,000
Granted (in shares)	[1],[2]				1,000
Vested restricted stock (in shares)					(5,000)
Canceled and forfeited (in shares)					0
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
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			300
Maximum number of market-based PSUs issuable (in shares)		45			45
Stock-based compensation expense related to equity awards not expected to vest		$ 12		10	$ 31	39
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
Share-based Compensation
Stock-based compensation expense		$ 8		4	$ 16	8
Research and development
Share-based Compensation
Stock-based compensation expense		76		44	150	85
Sales, general and administrative
Share-based Compensation
Stock-based compensation expense		$ 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.

Net Income Per Share (Details)

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:
Basic weighted average shares (in shares)		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)		0	6,000,000	0	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)		0	0	1,000,000	1,000,000
Stated interest rate (as percent)		1.00%		1.00%
Conversion price (in dollars per share)		$ 20.02		$ 20.02
Warrants outstanding (in shares)		0		0
[1]	Calculated as net income divided by basic weighted average shares.
[2]	Calculated as net income divided by diluted weighted average shares.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	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%

Marketable Securities (Details)

Marketable Securities (Details) - USD ($)	3 Months Ended		6 Months Ended
	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

Fair Value of Financial Asset37

Fair Value of Financial Assets and Liabilities (Details) - USD ($) $ in Millions		Jul. 29, 2018	Jan. 28, 2018
Assets
Cash equivalents and marketable securities		$ 7,708	$ 6,895
Corporate debt securities
Assets
Cash equivalents and marketable securities		2,484	1,295
Debt securities issued by the United States Treasury
Assets
Cash equivalents and marketable securities		2,410	573
Debt securities of United States government agencies
Assets
Cash equivalents and marketable securities		1,987	815
Money market funds
Assets
Cash equivalents and marketable securities		483	3,789
Asset-backed securities
Assets
Cash equivalents and marketable securities		204	252
Mortgage-backed securities issued by United States government-sponsored enterprises
Assets
Cash equivalents and marketable securities		108	130
Foreign government bonds
Assets
Cash equivalents and marketable securities		32	41
Fair Value, Inputs, Level 1 | Money market funds
Assets
Cash equivalents and marketable securities		483	3,789
Fair Value, Inputs, Level 2
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
Cash equivalents and marketable securities		2,484	1,295
Fair Value, Inputs, Level 2 | Debt securities issued by the United States Treasury
Assets
Cash equivalents and marketable securities		2,410	573
Fair Value, Inputs, Level 2 | Debt securities of United States government agencies
Assets
Cash equivalents and marketable securities		1,987	815
Fair Value, Inputs, Level 2 | Asset-backed securities
Assets
Cash equivalents and marketable securities		204	252
Fair Value, Inputs, Level 2 | Mortgage-backed securities issued by United States government-sponsored enterprises
Assets
Cash equivalents and marketable securities		108	130
Fair Value, Inputs, Level 2 | Foreign government bonds
Assets
Cash equivalents and marketable securities		$ 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.

Amortizable Intangible Assets38

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 2,020	20		20
Fiscal 2,021	11		11
Fiscal 2,022	4		4
Fiscal 2,023	3		3
Fiscal 2,024	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

Balance Sheet Components (Detai

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
Outstanding Inventory Purchase Obligations		1,910
Accrued and Other Current Liabilities:
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
Other Long-Term Liabilities:
Income taxes payable	[3]	544	559
Deferred revenue	[4]	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
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.

Derivative Financial Instrume40

Derivative Financial Instruments (Details) - USD ($)	3 Months Ended		6 Months Ended
	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

Guarantees (Details)

Guarantees (Details) - USD ($) $ in Millions		Jul. 29, 2018	Jan. 28, 2018
Notes to financial statements [Abstract]
Warranty accrual	[1]	$ 16	$ 15
[1]	Refer to Note 11 of these Notes to Condensed Consolidated Financial Statements for a discussion regarding warranties.

Debt (Details)

Debt (Details)	3 Months Ended		6 Months Ended
	Oct. 28, 2018USD ($)	Jul. 29, 2018USD ($)$ / sharesshares	Jul. 29, 2018USD ($)$ / sharesshares	Jan. 28, 2018USD ($)
Debt Instrument
Debt redemption, notice period			30 days
Proceeds from issuance of debt		$ 1,980,000,000
Unamortized debt discount and issuance costs		(13,000,000)	$ (13,000,000)	$ (15,000,000)
Net carrying amount		$ 1,987,000,000	$ 1,987,000,000	1,985,000,000
Stated interest rate (as percent)		1.00%	1.00%
Aggregate amount of debt settled		$ 1,490,000,000	$ 1,490,000,000
Convertible short-term debt		$ 14,000,000	$ 14,000,000	15,000,000
Strike price (in dollars per share) | $ / shares		$ 20.02	$ 20.02
Shares received from hedges (in shares) | shares		56,000,000	56,000,000
Commercial paper outstanding		$ 0	$ 0
Revolving Credit Facility
Debt Instrument
Current borrowing capacity		575,000,000	575,000,000
Additional borrowing capacity		425,000,000	425,000,000
Line of credit outstanding		0	0
Commercial Paper
Debt Instrument
Current borrowing capacity		575,000,000	575,000,000
Convertible Debt
Debt Instrument
Face amount of debt		$ 1,500,000,000	$ 1,500,000,000
Stated interest rate (as percent)		1.00%	1.00%
Aggregate amount of debt settled		$ 1,490,000,000	$ 1,490,000,000
Shares issued (in shares) | shares		1,000
Closing stock price (in dollars per share) | $ / shares		$ 252.02	$ 252.02
If-converted value in excess of principal		$ 162,000,000
Conversion ratio		49.94
Principal amount		$ 1,000	$ 1,000
Convertible Debt | Subsequent Event
Debt Instrument
Repayment of convertible notes	$ 11,000,000
2.20% Notes Due 2021
Debt Instrument
Face amount of debt		$ 1,000,000,000	$ 1,000,000,000
Stated interest rate (as percent)		2.20%	2.20%
Expected remaining term		3 years 1 month 6 days
Effective interest rate (as percent)		2.38%
Long-term debt, gross		$ 1,000,000,000	$ 1,000,000,000	1,000,000,000
3.20% Notes Due 2026
Debt Instrument
Face amount of debt		$ 1,000,000,000	$ 1,000,000,000
Stated interest rate (as percent)		3.20%	3.20%
Expected remaining term		8 years 1 month 20 days
Effective interest rate (as percent)		3.31%
Long-term debt, gross		$ 1,000,000,000	$ 1,000,000,000	$ 1,000,000,000

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Jul. 29, 2018	Jul. 29, 2018	Jul. 30, 2017	Jan. 28, 2018
Notes to financial statements [Abstract]
Shares repurchased during period (in shares)		3,000,000
Shares repurchased during period		$ 655
Dividends paid	$ 91	$ 182	$ 166
Aggregated number of shares repurchased under stock repurchase program (in shares)	254,000,000	254,000,000
Aggregated cost of shares repurchased	$ 6,160	$ 6,160
Remaining authorized repurchase amount	$ 1,160	$ 1,160
Preferred stock outstanding (in shares)	0	0		0
Authorized number of shares of common stock (in shares)	2,000,000,000	2,000,000,000
Par value of common stock (in dollars per share)	$ 0.001	$ 0.001

Segment Information (Details)

Segment Information (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 29, 2018USD ($)	Jul. 30, 2017USD ($)	Jul. 29, 2018USD ($)segment	Jul. 30, 2017USD ($)	Jan. 28, 2018
Financial Information by Operating Segment [Abstract]
Number of reportable segments | segment			2
Revenue by Operating Segment and Geographic Region
Revenue	$ 3,123	$ 2,230	$ 6,330	$ 4,167
Depreciation and amortization expense	58	49	116	96
Income from operations	1,157	688	2,452	1,242
Reconciling items included in All Other category:
Stock-based compensation expense	(132)	(81)	$ (262)	(158)
Accounts Receivable | Customer Concentration Risk | Customer 1 and Customer 2
Reconciling items included in All Other category:
Concentration risk (as percent)			26.00%		28.00%
Gaming
Revenue by Operating Segment and Geographic Region
Revenue	1,805	1,186	$ 3,528	2,213
Professional Visualization
Revenue by Operating Segment and Geographic Region
Revenue	281	235	532	440
Datacenter
Revenue by Operating Segment and Geographic Region
Revenue	760	416	1,461	825
Automotive
Revenue by Operating Segment and Geographic Region
Revenue	161	142	306	282
Automotive
Revenue by Operating Segment and Geographic Region
Revenue	116	251	503	407
Taiwan
Revenue by Operating Segment and Geographic Region
Revenue	843	674	1,810	1,277
China
Revenue by Operating Segment and Geographic Region
Revenue	760	481	1,514	810
Other Asia Pacific
Revenue by Operating Segment and Geographic Region
Revenue	676	420	1,259	797
United States
Revenue by Operating Segment and Geographic Region
Revenue	413	278	847	631
Europe
Revenue by Operating Segment and Geographic Region
Revenue	234	178	469	360
Other Americas
Revenue by Operating Segment and Geographic Region
Revenue	197	199	431	292
Operating Segments | GPU
Revenue by Operating Segment and Geographic Region
Revenue	2,656	1,897	5,421	3,459
Depreciation and amortization expense	43	29	83	57
Income from operations	1,259	761	2,653	1,363
Operating Segments | Tegra Processor
Revenue by Operating Segment and Geographic Region
Revenue	467	333	909	665
Depreciation and amortization expense	12	9	22	18
Income from operations	97	71	194	118
All Other
Revenue by Operating Segment and Geographic Region
Revenue	0	0	0	43
Depreciation and amortization expense	3	11	11	21
Income from operations	(199)	(144)	(395)	(239)
Reconciling items included in All Other category:
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	$ 0	$ 0	$ 0	$ (2)