NVIDIA Corporation (NASDAQ:NVDA) Q1 2021 Earnings Conference Call - Final Transcript

May 21, 2020 • 05:30 pm ET


NVIDIA Corporation (NASDAQ:NVDA) Q1 2021 Earnings Conference Call - Final Transcript


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Good afternoon, my name is Josh and I will be your conference operator today. At this time, I would like to welcome everyone to NVIDIA's Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you, Simona Jankowski, you may begin your conference.

Simona Jankowski

Thank you. Good afternoon everyone and welcome to NVIDIA's conference call for the first quarter of fiscal 2021. With me on the call today from NVIDIA are Jensen Huang, President and Chief Executive Officer and Colette Kress, Executive Vice President and Chief Financial Officer. I'd like to remind you that our call is being webcast live on NVIDIA's Investor Relations website. The webcast will be available for replay until the conference call to discuss our financial results for the second quarter of fiscal 2021. The content of today's call is NVIDIA's property. It can't be reproduced or transcribed without our prior written consent.

During this call, we may make forward-looking statements based on current expectations. These are subject to a number of significant risks and uncertainties and our actual results may vary materially. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release, our most recent Forms 10-K and 10-Q, and the reports that we may file on Form 8-K with the Securities and Exchange Commission. All our statements are made as of today, May 21st, 2020 based on information currently available to us. Except as required by law, we assume no obligation to update any such statements. During this call, we will discuss non-GAAP financial measures. We can find a reconciliation of these non-GAAP financial measures to GAAP financial measures in our CFO commentary, which is posted on our website. With that, let me turn the call over to Jensen.

Jensen Huang

Thanks, Simona. Before Colette describes our quarterly results, I'd like to thank those who are on the front lines of this crisis: first responders, healthcare workers, service providers who inspires every day with their bravery and selflessness. I also want to acknowledge the incredible efforts of our colleagues here at NVIDIA. Despite many challenges, they have barely broken stride during one of the busiest periods in our history. Our efforts related to the virus are focused in three areas. First, we're taking care of our families and communities. We've pulled in raises by six months to put more money in our employees hands and NVIDIA and our people have donated thus far more than $10 million to those in need.

Second, we're using NVIDIA's unique capabilities to fight the virus. A great deal of science being done on COVID-19 uses NVIDIA technology for acceleration. Some of the many examples including sequencing the virus, analyzing drug candidates, imaging the virus at molecular resolution with cryo-electron microscopy, and identifying elevated body temperature with AI cameras. And third, because COVID-19 won't be the last killer virus, we need