Nvidia Corp

Company facts

Industry

Semiconductors & Related Devices

Headquarters

Santa Clara, California

Most recent report

8-K, filed Aug 17, 2026

Incorporated

Delaware

Filings on record

1,009+ filings

On EDGAR

CIK 1045810

Fiscal year ends

January

Filer status

Large accelerated filer

What to read: Apr 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 4 positive, 16 notable, and 5 negative flags.

• Financial Statements (Item 1) Core financial results with detailed notes on investments, commitments, and litigation.
  Positive

  • Board approved an additional $80B in share repurchase authorization and raised quarterly dividend from $0.01 to $0.25 per share.
  Notable

  • Manufacturing and supply commitments total $119B as of Apr 26, 2026, with $95B due in the rest of FY2027.
  • Future lease commitments of $32.4B expected to commence from Q2 2027 through 2033, mainly for data centers.
  Negative

  • Three direct customers account for 30%, 18%, and 16% of accounts receivable as of Apr 26, 2026.
• Management's Discussion (Item 2) Packed with company-specific financials, segment results, capital returns, and China risks.
  Positive

  • Revenue $81.6B, up 85% YoY.
  • Data Center revenue $75.2B, up 92% YoY.
  • Gross margin 74.9%, up from 60.5% (prior year had $4.5B H20 charge).
  Notable

  • Blackwell continued as majority of system shipments.
  • Rubin platform expected to start shipping H2 FY2027.
  • No H200 China revenue yet; shipments subject to 25% tariff.
  • Invested $18.6B in private companies and infrastructure funds in Q1.
  • Transitioning to new reporting framework with Data Center and Edge Computing.
  • Three direct customers at 21%, 17%, 16% of total revenue.
  • Unrealized gains of $13.4B on publicly-held equity securities in Q1.
  • Repurchased $20.2B (108M shares) in Q1.
  • Board added $80B buyback authorization, no expiration.
  • Commercial paper program increased to $25.0B (was $575M).
  • Under IRS examination for fiscal years 2023 and 2024.
• Risk Factors (Item 1A) New competition, export control losses, China antitrust, and Rubin platform details.
  Notable

  • New risk factor added: competition could harm market share and financial results.
  • Rubin platform expected to start shipping in second half of fiscal year 2027.
  • USG officials expect to receive 15% or more of revenue from licensed product sales.
  Negative

  • China antitrust regulators preliminarily found NVIDIA violated Mellanox terms by complying with US export controls.
  • $4.5B charge in Q1 FY2026 for H20 inventory and purchase obligations after export controls hit demand.
  • H200 licensing program (Feb 2026) has generated no revenue to date; subject to 25% tariff on import to US.
  • NVIDIA says it is effectively foreclosed from China's data center compute market as of Q1 FY2027.

What changed: Apr 2026 vs. Oct 2025

About 24% of NVDA's Apr 2026 10-Q is new information. 78 paragraphs were added, 157 changed, and 136 removed. Below are the most important lines SECSift identified.

• Item 1 84
• Item 2 78
• Item 1A 33
• Item 3 4
• Item 6 4
• Item 5 2
• Item 4 2