Nvidia Corp

Company facts

Industry

Semiconductors & Related Devices

Headquarters

Santa Clara, California

Most recent report

8-K, filed Sep 3, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 1045810

Fiscal year ends

January

Filer status

Large accelerated filer

What to read: Jul 2026 10-Q

SECSift found 4 of 11 sections worth reading, with 2 positive, 10 notable, and 5 negative flags.

• Financial Statements (Item 1)

  Core financial statements with doubled revenue, huge guarantees, and new debt.
  Positive

  • Board approved $80B additional buyback authorization and raised quarterly dividend to $0.25 per share.
  Notable

  • Issued $25.0B of new senior unsecured notes in June 2026, raising long-term debt to $32.4B.
  • Securities class action certified on March 25, 2026; no accrual recorded.
  Negative

  • Supply commitments increased from $119B last quarter to $279B as of July 26, 2026.
  • Guarantees capped at $105B for SB Energy Corp. data center buildout supporting OpenAI.

• Management's Discussion (Item 2)

  MD&A with massive revenue growth, supply commitments, and new AI infrastructure guarantees.
  Positive

  • Q2 FY2027 revenue $96.2B, up 106% YoY; net income $59.7B, up 126%.
  Notable

  • $36B in six-year cloud service commitments with AI cloud partners; partners can unilaterally stop services.
  • One direct customer accounted for 16% of Q2 FY2027 revenue; indirect customer concentration also significant.
  Negative

  • $0.4B H200 China charge; tariffs on future H200 shipments cannot be passed to customers.

• Risk Factors (Item 1A)

  New quantified export-control losses ($4.5B), China market foreclosure, and $33.5B debt.
  Notable

  • Committed to buy AI cloud capacity if unsold; exposed to SB Energy/OpenAI lease guarantees at PORTS campus.
  • French Competition Authority and global regulators investigate GPU market; may affect export rules.
  • China antitrust regulators preliminarily found U.S. export-control compliance violated Mellanox acquisition terms.
  • Holds $33.5B in senior notes as of July 26, 2026; $25B commercial paper program unused.
  Negative

  • Incurred $4.5B charge in Q1 FY2026 for H20 and $0.4B in H1 FY2027 for H200 due to export controls.
  • Effectively blocked from China's data center market as of Q2 FY2027, aiding competitors.

• Unregistered Sales and Repurchases (Item 2)

  major buyback authorization increase, dividend hike, and acquisition share issuance.
  Notable

  • Repurchased 94M shares for $19.7B in Q2 FY2027, at average prices $202-$214.
  • Issued 926,447 shares (~$209M) for an acquisition in unregistered transaction.

What changed: Jul 2026 vs. Apr 2026

About 25% of NVDA's Jul 2026 10-Q is new information. 83 paragraphs were added, 147 changed, and 93 removed. Below are the most important lines SECSift identified.

• Item 1 92
• Item 2 68
• Item 1A 26
• Item 6 11
• Item 3 5
• Item 4 3
• Item 5 2