$NVDA

NVIDIA CORP

CIK:0001045810|SEC Filings

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 26, 2026	Jul. 27, 2025	Jul. 26, 2026	Jul. 27, 2025
Income Statement [Abstract]
Revenue	$ 96,221	$ 46,743	$ 177,837	$ 90,805
Cost of revenue	24,079	12,890	44,538	30,284
Gross profit	72,142	33,853	133,299	60,521
Operating expenses
Research and development	7,054	4,291	13,375	8,280
Sales, general and administrative	1,354	1,122	2,654	2,163
Total operating expenses	8,408	5,413	16,029	10,443
Operating income	63,734	28,440	117,270	50,078
Other income, net	7,773	2,766	24,140	3,039
Income before income tax	71,507	31,206	141,410	53,117
Income tax expense	11,819	4,784	23,400	7,920
Net income	$ 59,688	$ 26,422	$ 118,010	$ 45,197
Net income per share:
Basic (in dollars per share)	$ 2.47	$ 1.08	$ 4.87	$ 1.85
Diluted (in dollars per share)	$ 2.46	$ 1.08	$ 4.85	$ 1.84
Weighted average shares used in per share computation:
Basic (in shares)	24,190	24,366	24,238	24,404
Diluted (in shares)	24,285	24,532	24,338	24,571

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 26, 2026	Jul. 27, 2025
Cash flows from operating activities:
Net income	$ 118,010	$ 45,197
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	3,954	3,099
Depreciation and amortization	2,124	1,280
Deferred income taxes	982	(2,160)
Gains from equity securities, net	(23,707)	(2,073)
Other	222	(196)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(24,590)	(4,743)
Inventories	(10,204)	(4,880)
Prepaid expenses and other assets	(6,480)	946
Accounts payable	4,125	2,255
Accrued and other current liabilities	8,015	3,075
Other long-term liabilities	1,970	979
Net cash provided by operating activities	74,421	42,779
Cash flows from investing activities:
Proceeds from sales and maturities of debt securities	26,563	6,739
Proceeds from sales of equity securities	7,241	70
Purchases of debt securities	(42,404)	(1,245)
Purchases of debt securities	(21,777)	(14,108)
Purchases related to property and equipment and intangible assets	(4,434)	(3,122)
Acquisitions, net of cash acquired	(298)	(677)
Other	(15)	0
Net cash used in investing activities	(35,124)	(12,343)
Cash flows from financing activities:
Proceeds related to issuance of debt, net of costs	24,896	0
Proceeds related to employee stock plans	515	370
Payments related to repurchases of common stock	(39,044)	(23,815)
Dividends paid	(6,290)	(488)
Payments related to employee stock plan taxes	(4,531)	(3,380)
Groq, Inc.	(2,944)	0
Principal payments on property and equipment and intangible assets	(92)	(73)
Other	31	0
Net cash used in financing activities	(27,459)	(27,386)
Change in cash and cash equivalents	11,838	3,050
Cash and cash equivalents at beginning of period	10,605	8,589
Cash and cash equivalents at end of period	$ 22,443	$ 11,639

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 26, 2026	Jan. 25, 2026
Current assets:
Cash and cash equivalents	$ 22,443	$ 10,605
Marketable debt securities	34,143	39,065
Marketable equity securities	42,783	12,886
Accounts receivable, net	63,059	38,466
Inventories	31,575	21,403
Prepaid expenses and other current assets	3,409	3,180
Total current assets	197,412	125,605
Property and equipment, net	14,285	10,383
Operating lease assets	5,390	2,867
Goodwill	21,125	20,832
Intangible assets, net	2,998	3,306
Deferred income tax assets	12,159	13,258
Non-marketable securities	51,157	22,251
Other assets	15,746	8,301
Total assets	320,272	206,803
Current liabilities:
Accounts payable	15,059	9,812
Accrued and other current liabilities	26,960	21,352
Short-term debt	1,000	999
Total current liabilities	43,019	32,163
Long-term debt	32,366	7,469
Long-term operating lease liabilities	4,985	2,572
Other long-term liabilities	10,918	7,306
Total liabilities	91,288	49,510
Commitments and contingencies
Shareholders’ equity:
Preferred stock	0	0
Common stock	24	24
Additional paid-in capital	9,828	10,118
Accumulated other comprehensive income (loss)	(25)	178
Retained earnings	219,157	146,973
Total shareholders’ equity	228,984	157,293
Total liabilities and shareholders’ equity	$ 320,272	$ 206,803