nvda-20260426

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended April 26, 2026


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 0-23985

NVIDIA CORPORATION

(Exact name of registrant as specified in its charter)


Delaware			94-3177549
(State or other jurisdiction of			(I.R.S. Employer
incorporation or organization)			Identification No.)

2788 San Tomas Expressway, Santa Clara, California			95051
(Address of principal executive offices)			(Zip Code)

(408) 486-2000

(Registrant's telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value per share	NVDA	The Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The number of shares of common stock, $0.001 par value, outstanding as of May 15, 2026, was 24.2 billion.

NVIDIA Corporation

Form 10-Q

For the Quarter Ended April 26, 2026

Table of Contents


		Page
	Part I : Financial Information

Item 1.	Financial Statements (Unaudited)

	a) Condensed Consolidated Statements of Income for the three months ended April 26, 2026 and April 27, 2025	3

	b) Condensed Consolidated Statements of Comprehensive Income for the three months ended April 26, 2026 and April 27, 2025	4

	c) Condensed Consolidated Balance Sheets as of April 26, 2026 and January 25, 2026	5

	d) Condensed Consolidated Statements of Shareholders’ Equity for the three months ended April 26, 2026 and April 27, 2025	6

	e) Condensed Consolidated Statements of Cash Flows for the three months ended April 26, 2026 and April 27, 2025	7

	f) Notes to Condensed Consolidated Financial Statements	8

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	23

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	30

Item 4.	Controls and Procedures	31

	Part II : Other Information

Item 1.	Legal Proceedings	31

Item 1A.	Risk Factors	31

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	38

Item 5.	Other Information	39

Item 6.	Exhibits	40

Signature		41

Where You Can Find More Information

Investors and others should note that we announce material financial information to our investors using our investor relations website, press releases, SEC filings and public conference calls and webcasts. We also use the following social media channels as a means of disclosing information about the company, our products, our planned financial and other announcements and attendance at upcoming investor and industry conferences, and other matters, and for complying with our disclosure obligations under Regulation FD:

NVIDIA Corporate Blog (blogs.nvidia.com/)

NVIDIA Technical Blog (developer.nvidia.com/blog/)

NVIDIA LinkedIn (linkedin.com/company/nvidia)

NVIDIA Facebook (facebook.com/nvidia)

NVIDIA Instagram (instagram.com/nvidia)

NVIDIA X (x.com/nvidia)

NVIDIA Investor Relations (investor.nvidia.com)

NVIDIA YouTube (YouTube.com/nvidia)

The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these channels, in addition to following our press releases, SEC filings and public conference calls and webcasts. This list may be updated from time to time. The information we post through these channels is not a part of this Quarterly Report on Form 10-Q.

Part I. Financial Information

Item 1. Financial Statements (Unaudited)

NVIDIA Corporation and Subsidiaries

Condensed Consolidated Statements of Income

(In millions, except per share data)

(Unaudited)


	Three Months Ended
	Apr 26, 2026		Apr 27, 2025

Revenue	$	81,615	$	44,062
Cost of revenue	20,458		17,394
Gross profit	61,157		26,668
Operating expenses
Research and development	6,321		3,989
Sales, general and administrative	1,300		1,041
Total operating expenses	7,621		5,030
Operating income	53,536		21,638
Interest income	540		515
Interest expense	(102)		(63)
Other income (expense), net	15,929		(180)
Total other income, net	16,367		272
Income before income tax	69,903		21,910
Income tax expense	11,582		3,135
Net income	$	58,321	$	18,775

Net income per share:
Basic	$	2.40	$	0.77
Diluted	$	2.39	$	0.76

Weighted average shares used in per share computation:
Basic	24,286		24,441
Diluted	24,391		24,611

See accompanying Notes to Condensed Consolidated Financial Statements.

NVIDIA Corporation and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income

(In millions)

(Unaudited)


	Three Months Ended
	Apr 26, 2026		Apr 27, 2025

Net income	$	58,321	$	18,775
Other comprehensive income (loss), net of tax
Available-for-sale securities:
Net change in unrealized gain (loss)	(78)		139
Cash flow hedges:


Net change in unrealized gain	37		19
Other comprehensive income (loss), net of tax	(41)		158
Total comprehensive income	$	58,280	$	18,933

See accompanying Notes to Condensed Consolidated Financial Statements.

NVIDIA Corporation and Subsidiaries

Condensed Consolidated Balance Sheets

(In millions)

(Unaudited)


	Apr 26, 2026		Jan 25, 2026
Assets
Current assets:
Cash and cash equivalents	$	13,237	$	10,605
Marketable debt securities	37,098		39,065
Marketable equity securities	30,237		12,886
Accounts receivable, net	40,710		38,466
Inventories	25,797		21,403
Prepaid expenses and other current assets	3,916		3,180
Total current assets	150,995		125,605
Property and equipment, net	12,403		10,383
Operating lease assets	4,258		2,867
Goodwill	20,894		20,832
Intangible assets, net	3,120		3,306
Deferred income tax assets	11,707		13,258
Non-marketable securities	43,364		22,251
Other assets	12,733		8,301
Total assets	$	259,474	$	206,803

Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	13,097	$	9,812
Accrued and other current liabilities	29,787		21,352
Short-term debt	1,000		999
Total current liabilities	43,884		32,163
Long-term debt	7,470		7,469
Long-term operating lease liabilities	3,878		2,572
Other long-term liabilities	8,768		7,306
Total liabilities	64,000		49,510
Commitments and contingencies
Shareholders’ equity:
Preferred stock	—		—
Common stock	24		24
Additional paid-in capital	10,275		10,118
Accumulated other comprehensive income	137		178
Retained earnings	185,038		146,973
Total shareholders’ equity	195,474		157,293
Total liabilities and shareholders’ equity	$	259,474	$	206,803

See accompanying Notes to Condensed Consolidated Financial Statements.

NVIDIA Corporation and Subsidiaries

Condensed Consolidated Statements of Shareholders’ Equity

(Unaudited)


	Common Stock Outstanding			Additional Paid-in Capital		Accumulated Other Comprehensive Income		Retained Earnings		Total Shareholders’ Equity
	Shares	Amount
(In millions, except per share data)
Balances as of Jan 25, 2026	24,304	$	24	$	10,118	$	178	$	146,973	$	157,293
Net income	—	—		—		—		58,321		58,321
Other comprehensive loss	—	—		—		(41)		—		(41)
Issuance of common stock	37	—		515		—		—		515
Tax withholding related to common stock	(12)	—		(2,129)		—		—		(2,129)
Shares repurchased	(108)	—		(157)		—		(20,013)		(20,170)
Cash dividends declared and paid ($0.01 per common share)	—	—		—		—		(243)		(243)

Stock-based compensation	—	—		1,928		—		—		1,928
Balances as of Apr 26, 2026	24,221	$	24	$	10,275	$	137	$	185,038	$	195,474
Balances as of Jan 26, 2025	24,477	$	24	$	11,237	$	28	$	68,038	$	79,327
Net income	—	—		—		—		18,775		18,775
Other comprehensive income	—	—		—		158		—		158
Issuance of common stock	50	—		370		—		—		370
Tax withholding related to common stock	(13)	—		(1,532)		—		—		(1,532)
Shares repurchased	(126)	—

SEC Form 10-Q filed by NVIDIA Corporation