v3.26.1
Segment Information
 3 Months Ended
Apr. 26, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Our Chief Executive Officer is our chief operating decision maker, or CODM, and reviews financial information presented on an operating segment basis for purposes of making decisions and assessing financial performance. Our CODM assesses operating performance of each segment based on regularly provided segment revenue and segment operating income. Operating results by segment include costs or expenses directly attributable to each segment, and costs or expenses that are leveraged across our unified architecture and therefore allocated between our two segments. Our CODM reviews expenses on a consolidated basis, and expenses attributable to each segment are not regularly provided to our CODM.
The Compute & Networking segment includes our Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions including software.
The Graphics segment includes GeForce GPUs for gaming and PCs, and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics.
Certain expenses are not allocated to either Compute & Networking or Graphics for purposes of making operating decisions or assessing financial performance. The expenses include stock-based compensation expense, corporate infrastructure and support costs, acquisition-related and other costs, and other non-recurring charges and benefits that our CODM deems to be enterprise in nature.

Our CODM does not review any information regarding total assets on a reportable segment basis. There are no intersegment transactions. The accounting policies for segment reporting are the same as for our consolidated financial statements. The table below presents details of our reportable segments.

Compute & NetworkingGraphics
Total
 (In millions)
Three Months Ended Apr 26, 2026
  
Revenue$74,550 $7,065 $81,615 
Other segment items (1)21,215 4,124 25,339 
Operating income$53,335 $2,941 $56,276 
Three Months Ended Apr 27, 2025
  
Revenue$39,589 $4,473 $44,062 
Other segment items (1)17,535 2,833 20,368 
Operating income$22,054 $1,640 $23,694 
(1)    Other segment items primarily include product costs and inventory provisions, compensation and benefits excluding stock-based compensation expense, computing infrastructure expenses, and engineering development costs.
Depreciation and amortization expense attributable to our Compute & Networking segment was $526 million and $296 million for the first quarter of fiscal years 2027 and 2026, respectively. Depreciation and amortization expense attributable to our Graphics segment was $194 million and $109 million for the first quarter of fiscal years 2027 and 2026, respectively. Acquisition-related intangible amortization expense is not allocated to either Compute & Networking or Graphics for purposes of making operating decisions or assessing financial performance.
Reconciliation of segment operating income to consolidated income before income tax for the first quarter of fiscal years 2027 and 2026 was as follows:
Three Months Ended
Apr 26, 2026Apr 27, 2025
(In millions)
Segment operating income
$56,276 $23,694 
Stock-based compensation expense(1,928)(1,474)
Unallocated operating expenses
(565)(419)
Acquisition-related and other costs(247)(163)
Interest income540 515 
Interest expense(102)(63)
Other income (expense), net15,929 (180)
Consolidated income before income tax
$69,903 $21,910 
Revenue by geographic area is based upon the location of the customers’ headquarters. The end customer and shipping location may be different from our customers’ headquarters location.
 Three Months Ended
 Apr 26, 2026Apr 27, 2025
 (In millions)
Geographic Revenue based upon Customer Headquarters Location:  
United States
$63,769 $25,685 
Taiwan12,006 7,648 
China (including Hong Kong)4,550 9,659 
Other1,290 1,070 
Total revenue$81,615 $44,062 
Revenue from sales to customers headquartered outside of the United States accounted for 22% of total revenue for the first quarter of fiscal year 2027 and 42% of total revenue for the first quarter of fiscal year 2026
We refer to customers who purchase products directly from NVIDIA as direct customers, such as AIBs, distributors, ODMs, OEMs, CSPs, AI model makers, and system integrators. Certain direct customers may use either internal resources or third-party system integrators to complete their build. We refer to indirect customers as those who purchase products through our direct customers; indirect customers include CSPs, AI Clouds, AI model makers, enterprises, and public sector entities. Our revenue is concentrated among a limited number of direct and indirect customers and this trend may continue.
For the first quarter of fiscal year 2027, three direct customers represented 21%, 17%, and 16% of total revenue, all of which was primarily attributable to the Compute & Networking segment.
For the first quarter of fiscal year 2026, sales to two direct customers represented 16% and 14% of total revenue, which were attributable to the Compute & Networking segment.
In the first quarter of fiscal year 2027, we changed our presentation of revenue by market platform, and the comparable period has been recast as follows:
 Three Months Ended
 Apr 26, 2026Apr 27, 2025
 (In millions)
Revenue by Market Platform  
Data Center$75,246 $39,112 
Hyperscale37,869 17,599 
AI Clouds, Industrial, & Enterprise37,377 21,513 
Edge Computing6,369 4,950 
Total revenue$81,615 $44,062