NVIDIA Corporation

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 speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. If you would like to withdraw your question, press the pound key. Thank you. Simona Jankowski, you may begin your conference.

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 invidious property. It can 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 a report that we may file on Form 8K with the Securities and Exchange Commission. All our statements are made as of today, May 21, 2020, based on information currently available to us. Except it's required by law, we assume no obligation to update any such statements. During this call, we will discuss non-GAAP financial measures. You 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.

Thanks, Simona. Before Collette 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, when every second counts. 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 to be ready for the next outbreak. NVIDIA technology is essential for the scientific community to develop an end-to-end computational defense system, a system that can detect early, accelerate the development of a vaccine, contain the spread of disease, and continuously test and monitor. We are racing to deploy the NVIDIA Clara computational healthcare platforms. Clara Parabricks can accelerate genomics analysis from days to minutes. Clara Imaging will continue to partner with leading research institutes to develop state-of-the-art AI models to detect infections. And Clara Guardian will connect AI to cameras and microphones in hospitals to help overloaded staff watch over patients. We completed the acquisition of Mellanox on April 27th. Mellanox is now NVIDIA's networking brand and business unit and will be reported as part of our data center market platform. And Israel is now one of NVIDIA's major technology centers. The new NVIDIA has a much larger footprint in data center computing, end-to-end and full-stack expertise in data center architectures, and tremendous scale to accelerate innovation. NVIDIA and Mellanox are a perfect combination and position us for the major forces shaping the IT industry today, data center scale computing and AI. From microservice cloud applications to machine learning and AI, accelerated computing and high-performance networking are critical to modern data centers. Previously, a CPU compute node was the unit of computing. Going forward, the new unit of computing is an entire data center. The basic computing elements are now storage servers, CPU servers, and GPU servers, and are composed and orchestrated by hyperscale applications that are serving millions of users simultaneously. Connecting these computing elements together is the high-performance Mellanox networking. This is the era of data center scale computing. And together, NVIDIA Mellanox can architect end-to-end. Mellanox is an extraordinary company, and I'm thrilled that we're now one force to invent the future together. Now let me turn the call over to Collette.