An Indian-origin executive at Nvidia, Jay Puri, has seen his compensation increase from $13.6 million to $21.6 million. This substantial pay raise comes amid a period of significant financial success and growth for the company. Puri is the Executive Vice President at Nvidia, according to his LinkedIn profile. He joined Nvidia in 2005 after a 22-year career at Sun Microsystems.
Nvidia has experienced a boom, driven largely by the increasing demand for its GPUs in the data center industry, particularly for AI training and inferencing. This surge in demand has translated to impressive financial results, with revenues jumping 114% year-on-year to $130.5 billion and operating income swelling 147% to $81.5 billion. The company's net profit also saw a significant increase of 145% to reach $72.88 billion.
The company's success has not only benefited top executives like Puri but has also extended to its CEO, Jensen Huang, whose compensation package also saw a considerable increase. Huang's total compensation rose to $49.9 million in fiscal year 2025, marking his first salary increase in ten years. His base salary increased by 49% to $1.5 million, and his variable cash compensation rose by 50% from the previous fiscal year. Stock awards now represent $38.8 million of his total pay. The company said this adjustment was made to align his salary with that of other top executives.
The rise in executive compensation at Nvidia reflects a broader trend in the tech industry, where CEO-to-worker pay ratios have escalated dramatically. Stock-based compensation continues to dominate executive pay packages. Nvidia's fiscal 2025 CEO-to-median employee pay ratio was 166:1. The median employee total compensation package was $301,233.
Furthermore, Nvidia's recent corporate highlights include the mass-scale production of the Blackwell chip, designed for AI applications. The company has also been actively rewarding its shareholders, spending $53.8 billion on stock repurchases and paying out $2.4 billion in dividends in the last financial year.
