NVIDIA CORP, 10-Q filed on 11/19/2025
Quarterly Report
v3.25.3
Cover - shares
shares in Billions
9 Months Ended
Oct. 26, 2025
Nov. 14, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Oct. 26, 2025  
Document Transition Report false  
Entity File Number 0-23985  
Entity Registrant Name NVIDIA CORP  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 94-3177549  
Entity Address, Address Line One 2788 San Tomas Expressway  
Entity Address, City or Town Santa Clara  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 95051  
City Area Code 408  
Local Phone Number 486-2000  
Title of 12(b) Security Common Stock, $0.001 par value per share  
Trading Symbol NVDA  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   24.3
Entity Central Index Key 0001045810  
Current Fiscal Year End Date --01-25  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q3  
Amendment Flag false  
v3.25.3
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Income Statement [Abstract]        
Revenue $ 57,006 $ 35,082 $ 147,811 $ 91,166
Cost of revenue 15,157 8,926 45,441 22,031
Gross profit 41,849 26,156 102,370 69,135
Operating expenses        
Research and development 4,705 3,390 12,985 9,200
Sales, general and administrative 1,134 897 3,297 2,516
Total operating expenses 5,839 4,287 16,282 11,716
Operating income 36,010 21,869 86,088 57,419
Interest income 624 472 1,732 1,275
Interest expense (61) (61) (186) (186)
Other income, net 1,363 36 3,418 301
Total other income, net 1,926 447 4,964 1,390
Income before income tax 37,936 22,316 91,052 58,809
Income tax expense 6,026 3,007 13,945 8,020
Net income $ 31,910 $ 19,309 $ 77,107 $ 50,789
Net income per share:        
Basic (in dollars per share) $ 1.31 $ 0.79 $ 3.16 $ 2.07
Diluted (in dollars per share) $ 1.30 $ 0.78 $ 3.14 $ 2.04
Weighted average shares used in per share computation:        
Basic (in shares) 24,327 24,533 24,378 24,577
Diluted (in shares) 24,483 24,774 24,542 24,837
v3.25.3
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Statement of Comprehensive Income [Abstract]        
Net income $ 31,910 $ 19,309 $ 77,107 $ 50,789
Available-for-sale securities:        
Net change in unrealized gain 184 49 270 71
Cash flow hedges:        
Change in unrealized gain (loss) (28) 0 27 20
Reclassification adjustments for net realized gain (loss) included in net income 13 (2) 14 (15)
Net change in unrealized gain (loss) (15) (2) 41 5
Other comprehensive income, net of tax 169 47 311 76
Total comprehensive income $ 32,079 $ 19,356 $ 77,418 $ 50,865
v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 26, 2025
Jan. 26, 2025
Current assets:    
Cash and cash equivalents $ 11,486 $ 8,589
Marketable securities 49,122 34,621
Accounts receivable, net 33,391 23,065
Inventories 19,784 10,080
Prepaid expenses and other current assets 2,709 3,771
Total current assets 116,492 80,126
Property and equipment, net 9,780 6,283
Operating lease assets 2,281 1,793
Goodwill 6,261 5,188
Intangible assets, net 936 807
Deferred income tax assets 13,674 10,979
Other assets 11,724 6,425
Total assets 161,148 111,601
Current liabilities:    
Accounts payable 8,624 6,310
Accrued and other current liabilities 16,452 11,737
Short-term debt 999 0
Total current liabilities 26,075 18,047
Long-term debt 7,468 8,463
Long-term operating lease liabilities 2,014 1,519
Other long-term liabilities 6,694 4,245
Total liabilities 42,251 32,274
Commitments and contingencies - see Note 11
Shareholders’ equity:    
Preferred stock 0 0
Common stock 24 24
Additional paid-in capital 10,626 11,237
Accumulated other comprehensive income 339 28
Retained earnings 107,908 68,038
Total shareholders' equity 118,897 79,327
Total liabilities and shareholders' equity $ 161,148 $ 111,601
v3.25.3
Condensed Consolidated Statements of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock Outstanding
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Retained Earnings
Beginning balance (in shares) at Jan. 28, 2024   24,643      
Beginning balance at Jan. 28, 2024 $ 42,978 $ 25 $ 13,109 $ 27 $ 29,817
Increase (Decrease) in Shareholders' Equity          
Net income 50,789       50,789
Other comprehensive income (loss) 76     76  
Issuance of common stock (in shares)   165      
Issuance of common stock 489   489    
Tax withholding related to common stock from stock plans (in shares)   (46)      
Tax withholding related to common stock $ (5,068)   (5,068)    
Shares repurchased (in shares) (254) (254)      
Shares repurchased $ (26,208)   (141)   (26,067)
Cash dividends declared and paid (589)       (589)
Stock-based compensation 3,432   3,432    
Ending balance (in shares) at Oct. 27, 2024   24,508      
Ending balance at Oct. 27, 2024 65,899 $ 25 11,821 103 53,950
Beginning balance (in shares) at Jul. 28, 2024   24,562      
Beginning balance at Jul. 28, 2024 58,157 $ 25 12,115 56 45,961
Increase (Decrease) in Shareholders' Equity          
Net income 19,309       19,309
Other comprehensive income (loss) 47     47  
Issuance of common stock (in shares)   53      
Issuance of common stock 204   204    
Tax withholding related to common stock from stock plans (in shares)   (15)      
Tax withholding related to common stock $ (1,680)   (1,680)    
Shares repurchased (in shares) (92) (92)      
Shares repurchased $ (11,146)   (71)   (11,075)
Cash dividends declared and paid (245)       (245)
Stock-based compensation 1,253   1,253    
Ending balance (in shares) at Oct. 27, 2024   24,508      
Ending balance at Oct. 27, 2024 65,899 $ 25 11,821 103 53,950
Beginning balance (in shares) at Jan. 26, 2025   24,477      
Beginning balance at Jan. 26, 2025 79,327 $ 24 11,237 28 68,038
Increase (Decrease) in Shareholders' Equity          
Net income 77,107       77,107
Other comprehensive income (loss) 311     311  
Issuance of common stock (in shares)   129      
Issuance of common stock 643   643    
Tax withholding related to common stock from stock plans (in shares)   (39)      
Tax withholding related to common stock $ (5,809)   (5,809)    
Shares repurchased (in shares) (262) (262)      
Shares repurchased $ (36,733)   (228)   (36,505)
Cash dividends declared and paid (732)       (732)
Fair value of partially vested equity awards assumed in connection with acquisitions 28   28    
Stock-based compensation 4,755   4,755    
Ending balance (in shares) at Oct. 26, 2025   24,305      
Ending balance at Oct. 26, 2025 118,897 $ 24 10,626 339 107,908
Beginning balance (in shares) at Jul. 27, 2025   24,347      
Beginning balance at Jul. 27, 2025 100,131 $ 24 11,200 170 88,737
Increase (Decrease) in Shareholders' Equity          
Net income 31,910       31,910
Other comprehensive income (loss) 169     169  
Issuance of common stock (in shares)   42      
Issuance of common stock 275   275    
Tax withholding related to common stock from stock plans (in shares)   (14)      
Tax withholding related to common stock $ (2,429)   (2,429)    
Shares repurchased (in shares) (70) (70)      
Shares repurchased $ (12,574)   (78)   (12,496)
Cash dividends declared and paid (243)       (243)
Fair value of partially vested equity awards assumed in connection with acquisitions 5   5    
Stock-based compensation 1,653   1,653    
Ending balance (in shares) at Oct. 26, 2025   24,305      
Ending balance at Oct. 26, 2025 $ 118,897 $ 24 $ 10,626 $ 339 $ 107,908
v3.25.3
Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Statement of Stockholders' Equity [Abstract]        
Common stock, dividends per share, declared and paid (in dollars per share) $ 0.01 $ 0.01 $ 0.03 $ 0.024
v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Cash flows from operating activities:    
Net income $ 77,107 $ 50,789
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 4,753 3,416
Depreciation and amortization 2,031 1,321
Deferred income taxes (2,035) (3,879)
Gains on non-marketable equity securities and publicly-held equity securities, net (3,426) (302)
Other (276) (365)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (10,325) (7,694)
Inventories (9,703) (2,357)
Prepaid expenses and other assets 857 (726)
Accounts payable 2,032 2,490
Accrued and other current liabilities 4,204 3,918
Other long-term liabilities 1,311 849
Net cash provided by operating activities 66,530 47,460
Cash flows from investing activities:    
Proceeds from maturities of marketable securities 8,980 9,485
Proceeds from sales of marketable securities 487 318
Proceeds from sales of non-marketable equity securities 72 171
Purchases of marketable securities (20,076) (19,565)
Purchases related to property and equipment and intangible assets (4,758) (2,159)
Purchases of non-marketable equity securities (4,702) (1,008)
Acquisitions, net of cash acquired (1,370) (465)
Net cash used in investing activities (21,367) (13,223)
Cash flows from financing activities:    
Proceeds related to employee stock plans 643 489
Payments related to repurchases of common stock (36,271) (25,895)
Payments related to employee stock plan taxes (5,809) (5,068)
Dividends paid (732) (589)
Principal payments on property and equipment and intangible assets (97) (97)
Repayment of debt 0 (1,250)
Net cash used in financing activities (42,266) (32,410)
Change in cash and cash equivalents 2,897 1,827
Cash and cash equivalents at beginning of period 8,589 7,280
Cash and cash equivalents at end of period 11,486 9,107
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net $ 13,309 $ 10,989
v3.25.3
Summary of Significant Accounting Policies
9 Months Ended
Oct. 26, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America, or U.S. GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission, or SEC, Regulation S-X. The January 26, 2025 consolidated balance sheet was derived from our audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 26, 2025, as filed with the SEC, but does not include all disclosures required by U.S. GAAP. In the opinion of management, all adjustments, consisting only of normal recurring adjustments considered necessary for a fair presentation of results of operations and financial position, have been included. The results for the interim periods presented are not necessarily indicative of the results expected for any future period. The following information should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 26, 2025.
Certain balances from the prior fiscal year have been reclassified to conform to the current period presentation.
Significant Accounting Policies
There have been no material changes to our significant accounting policies disclosed in Note 1 - Organization and Summary of Significant Accounting Policies, of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended January 26, 2025.
Fiscal Year
Fiscal years 2026 and 2025 are both 52-week years ending on the last Sunday in January. The third quarters of fiscal years 2026 and 2025 were both 13-week quarters.
Principles of Consolidation
Our condensed consolidated financial statements include the accounts of NVIDIA Corporation and our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from our estimates. On an on-going basis, we evaluate our estimates, including those related to accounts receivable, cash equivalents and marketable securities, goodwill, income taxes, inventories and product purchase commitments, investigation and settlement costs, litigation, non-marketable equity securities, other contingencies, property, plant, and equipment, restructuring and other charges, revenue recognition, and stock-based compensation. These estimates are based on historical facts and various other assumptions that we believe are reasonable.
Recently Issued Accounting Pronouncements
Recent Accounting Pronouncements Not Yet Adopted
In December 2023, the FASB issued a new accounting standard which includes new and updated income tax disclosures, including disaggregation of information in the rate reconciliation and income taxes paid. We are currently assessing the effect of the adoption of this standard on our disclosures that will be included in the fiscal year 2026 annual report.
In November 2024, the FASB issued a new accounting standard requiring disclosures of certain additional expense information on an annual and interim basis, including, among other items, the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each income statement expense caption, as applicable. We will adopt this standard in the fiscal year 2028 annual report. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements other than additional disclosures.
v3.25.3
Stock-Based Compensation
9 Months Ended
Oct. 26, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Stock-based compensation expense includes restricted stock units, or RSUs, performance stock units, or PSUs, market-based PSUs, and our employee stock purchase plan, or ESPP.
Condensed Consolidated Statements of Income include stock-based compensation expense, net of amounts capitalized into inventory, as follows:
 Three Months EndedNine Months Ended
 Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
(In millions)
Cost of revenue$70 $50 $192 $125 
Research and development1,206 910 3,460 2,469 
Sales, general and administrative379 292 1,101 822 
Total$1,655 $1,252 $4,753 $3,416 
Equity Award Activity
The following is a summary of our equity award transactions under our equity incentive plans:
RSUs, PSUs and Market-based PSUs Outstanding
 Number of SharesWeighted Average Grant-Date Fair Value Per Share
(In millions, except per share data)
Balance as of Jan 26, 2025
274 $44.75 
Granted52 $114.76 
Vested(116)$37.30 
Canceled and forfeited(7)$55.62 
Balance as of Oct 26, 2025
203 $66.59 
As of October 26, 2025, aggregate unearned stock-based compensation expense was $13.1 billion, which is expected to be recognized over a weighted average period of 2.1 years for RSUs, PSUs, and market-based PSUs, and one year for ESPP.
v3.25.3
Net Income Per Share
9 Months Ended
Oct. 26, 2025
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The following is the basic and diluted net income per share computations for the periods presented:
 Three Months EndedNine Months Ended
Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
 (In millions, except per share data)
Numerator:  
Net income$31,910 $19,309 $77,107 $50,789 
Denominator:
Basic weighted average shares24,327 24,533 24,378 24,577 
Dilutive impact of outstanding equity awards156 241 164 260 
Diluted weighted average shares24,483 24,774 24,542 24,837 
Net income per share:
Basic (1)$1.31 $0.79 $3.16 $2.07 
Diluted (2)$1.30 $0.78 $3.14 $2.04 
Anti-dilutive equity awards excluded from diluted net income per share20 72 
(1)    Net income divided by basic weighted average shares.
(2)    Net income divided by diluted weighted average shares.
Diluted net income per share was computed using the weighted average number of common and potentially dilutive shares outstanding during the period, using the treasury stock method.
v3.25.3
Income Taxes
9 Months Ended
Oct. 26, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income tax expense was $6.0 billion and $3.0 billion for the third quarter, and $13.9 billion and $8.0 billion for the first nine months, of fiscal years 2026 and 2025, respectively. Income tax as a percentage of income before income tax was an expense of 15.9% and 13.5% for the third quarter, and 15.3% and 13.6% for the first nine months, of fiscal years 2026 and 2025, respectively.
The effective tax rate increased primarily due to a lower percentage of tax benefits from stock-based compensation and U.S. federal research tax credit relative to the increase in income before income tax.
Our effective tax rates for the first nine months of fiscal years 2026 and 2025 were lower than the U.S. federal statutory rate of 21% primarily due to tax benefits from foreign-derived deduction eligible income, stock-based compensation, income earned in jurisdictions that are subject to taxes at rates lower than the U.S. federal statutory tax rate, and the U.S. federal research tax credit.
In July 2025, the One Big Beautiful Bill Act (OBBBA) was enacted into law and contains several changes to key U.S. federal income tax laws. We have recognized the tax effects of currently effective OBBBA provisions, which are not material and are reflected in our results for the first nine months of fiscal year 2026.
Given our current and possible future earnings, we believe that we may release the valuation allowance associated with certain state deferred tax assets in the near term, which would decrease our income tax expense for the period the release is recorded. The timing and amount of the valuation allowance release could vary based on our assessment of all available information.
While we believe that we have adequately provided for all uncertain tax positions, or tax positions where we believe it is not more-likely-than-not that the position will be sustained upon review, amounts asserted by tax authorities could be greater or less than our accrued position. Accordingly, our provisions on federal, state and foreign tax related matters to be recorded in the future may change as revised estimates are made or the underlying matters are settled or otherwise resolved with the respective tax authorities.
We are currently under examination by the Internal Revenue Service for our fiscal years 2023 and 2024.
v3.25.3
Cash Equivalents and Marketable Securities
9 Months Ended
Oct. 26, 2025
Investments, Debt and Equity Securities [Abstract]  
Cash Equivalents and Marketable Securities Cash Equivalents and Marketable Securities
The fair values of our financial assets are determined using quoted market prices of identical assets or market prices of similar assets from active markets. We review fair value classification on a quarterly basis. The following is a summary of cash equivalents and marketable securities:
 Oct 26, 2025
Pricing CategoryAmortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Debt securities issued by the U.S. TreasuryLevel 2$22,032 $188 $— $22,220 $665 $21,555 
Corporate debt securitiesLevel 221,588 172 (1)21,759 320 21,439 
Money market fundsLevel 18,610 — — 8,610 8,610 — 
Debt securities issued by U.S. government agenciesLevel 22,206 12 — 2,218 — 2,218 
Certificates of depositLevel 2104 — — 104 104 — 
Foreign government bonds
Level 240 — 41 — 41 
Total debt securities with fair value adjustments recorded in other comprehensive income54,580 373 (1)54,952 9,699 45,253 
Publicly-held equity securities (1)
Level 13,869 — 3,869 
Total$54,580 $373 $(1)$58,821 $9,699 $49,122 
(1)    In the first quarter of fiscal year 2026, one investment was reclassified from non-marketable equity securities to marketable securities following public market trading.
Publicly-held equity securities are subject to market price volatility. Net unrealized gains on investments in publicly-held equity securities held at period end were $670 million and $2.4 billion for the third quarter and first nine months of fiscal year 2026, respectively. Net unrealized gains on investments in publicly-held equity securities held at period end were not significant for the third quarter and first nine months of fiscal year 2025.
 Jan 26, 2025
Pricing CategoryAmortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Corporate debt securitiesLevel 2$18,504 $51 $(29)$18,526 $2,071 $16,455 
Debt securities issued by the U.S. TreasuryLevel 216,749 42 (22)16,769 1,801 14,968 
Money market fundsLevel 13,760 — — 3,760 3,760 — 
Debt securities issued by U.S. government agenciesLevel 22,775 (5)2,777 — 2,777 
Foreign government bondsLevel 2177 — — 177 137 40 
Certificates of depositLevel 297 — — 97 97 — 
Total debt securities with fair value adjustments recorded in other comprehensive income42,062 100 (56)42,106 7,866 34,240 
Publicly-held equity securities
Level 1381 — 381 
Total$42,062 $100 $(56)$42,487 $7,866 $34,621 
The following table provides the breakdown of unrealized losses, aggregated by investment category and length of time that individual debt securities have been in a continuous loss position:
Oct 26, 2025Jan 26, 2025
 Less than 12 MonthsLess than 12 Months
 Estimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized Loss
 (In millions)
Debt securities issued by the U.S. Treasury$1,223 $— $6,315 $(22)
Corporate debt securities899 (1)5,291 (29)
Debt securities issued by U.S. government agencies75 — 816 (5)
Total$2,197 $(1)$12,422 $(56)
Gross unrealized losses related to debt securities in a continuous loss position of twelve months or greater, with balances of $337 million and $213 million as of October 26, 2025 and January 26, 2025, respectively, were not significant.
Gross unrealized losses are related to fixed income securities, driven primarily by changes in interest rates.
The estimated fair value of debt securities included in cash equivalents and marketable securities are shown below by contractual maturity.
Oct 26, 2025
(In millions)
Less than one year$21,848 
Due in 1 - 5 years33,104 
Total$54,952 
v3.25.3
Fair Value of Non-marketable Equity Securities
9 Months Ended
Oct. 26, 2025
Fair Value Disclosures [Abstract]  
Fair Value of Non-marketable Equity Securities Fair Value of Non-marketable Equity Securities
Our non-marketable equity securities are recorded in long-term other assets on our Condensed Consolidated Balance Sheets and valued under the measurement alternative. Gains and losses on these investments, realized and unrealized, are recognized in Other income, net on our Condensed Consolidated Statements of Income.
Adjustments to the carrying value of our non-marketable equity securities during the third quarter and first nine months of fiscal years 2026 and 2025 were as follows:
Three Months EndedNine Months Ended
Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
(In millions)
Balance at beginning of period$3,799 $1,819 $3,387 $1,321 
Adjustments related to non-marketable equity securities:
Net additions3,704 409 4,652 830 
Unrealized gains758 23 1,088 115 
Reclassification (1)
— — (848)— 
Impairments and unrealized losses(74)(14)(92)(29)
Balance at end of period$8,187 $2,237 $8,187 $2,237 
(1) Represents reclassifications from non-marketable equity securities to marketable securities following public market trading.
Non-marketable equity securities had cumulative gross unrealized gains of $1.4 billion and $374 million, and cumulative gross unrealized losses and impairments of $167 million and $74 million on securities held as of October 26, 2025 and October 27, 2024, respectively.
v3.25.3
Amortizable Intangible Assets and Goodwill
9 Months Ended
Oct. 26, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets and Goodwill Amortizable Intangible Assets and Goodwill
The components of our amortizable intangible assets are as follows:
 Oct 26, 2025Jan 26, 2025
 Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
 (In millions)
Acquisition-related intangible assets$3,146 $(2,456)$690 $2,900 $(2,264)$636 
Patents and licensed technology541 (295)246 449 (278)171 
Total intangible assets$3,687 $(2,751)$936 $3,349 $(2,542)$807 
Amortization expense associated with intangible assets was $96 million and $149 million for the third quarter, and $338 million and $438 million for the first nine months, of fiscal years 2026 and 2025, respectively.
The following table outlines the estimated future amortization expense related to the net carrying amount of intangible assets as of October 26, 2025:
Future Amortization Expense
 (In millions)
Fiscal Year: 
2026 (excluding the first nine months, of fiscal year 2026)
$107 
2027416 
2028222 
202987 
203011 
2031 and thereafter93 
Total$936 
In the first nine months of fiscal year 2026, goodwill increased by $1.1 billion from acquisitions and was allocated to our Compute & Networking reporting unit.
v3.25.3
Balance Sheet Components
9 Months Ended
Oct. 26, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components Balance Sheet Components
We refer to customers who purchase products directly from NVIDIA as direct customers, such as add-in board manufacturers, distributors, original device manufacturers, or ODMs, original equipment manufacturers, or OEMs, cloud service providers, or CSPs, hyperscale companies, and system integrators. Certain direct customers may use either internal resources or third-party system integrators to complete their build. Four direct customers accounted for 22%, 17%, 14% and 12% of our accounts receivable balance as of October 26, 2025. Two direct customers accounted for 17% and 16% of our accounts receivable balance as of January 26, 2025.
Certain balance sheet components are as follows:
 Oct 26, 2025Jan 26, 2025
Inventories:(In millions)
Raw materials$4,209 $3,408 
Work in process8,735 3,399 
Finished goods6,840 3,273 
Total inventories (1)$19,784 $10,080 
(1)    We recorded inventory provisions of $378 million and $322 million for the third quarter of fiscal years 2026 and 2025, respectively, and $3.6 billion and $876 million for the first nine months of fiscal years 2026 and 2025, respectively, in cost of revenue.
Property and Equipment:
Property, equipment and intangible assets acquired but not paid for the first nine months of fiscal years 2026 and 2025 were $790 million and not significant, respectively.
 Oct 26, 2025Jan 26, 2025
Other Assets (Long Term):(In millions)
Non-marketable equity securities$8,187 $3,387 
Prepaid supply and capacity agreements (1)1,536 1,747 
Income tax receivable1,369 750 
Other632 541 
Total other assets$11,724 $6,425 
$2.0 billion and $3.3 billion were included in short-term Prepaid expenses and other current assets as of October 26, 2025 and January 26, 2025, respectively.
 Oct 26, 2025Jan 26, 2025
Accrued and Other Current Liabilities:(In millions)
Customer program accruals$4,721 $4,880 
Excess inventory purchase obligations (1)2,770 2,095 
Product warranty
2,707 1,290 
Taxes payable
2,915 881 
Deferred revenue (2)1,248 837 
Accrued payroll and related expenses895 848 
Other1,196 906 
Total accrued and other current liabilities$16,452 $11,737 
(1)    We recorded $32 million and $543 million for the third quarter of fiscal years 2026 and 2025, respectively, and $3.1 billion and $1.3 billion for the first nine months of fiscal years 2026 and 2025, respectively, in cost of revenue.
(2)    Includes customer advances and unearned revenue related to hardware and software support, cloud services, and license and development arrangements. The balance as of October 26, 2025 and January 26, 2025 included $127 million and $81 million of customer advances, respectively.
 Oct 26, 2025Jan 26, 2025
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$3,532 $2,188 
Deferred income tax1,621 886 
Deferred revenue (2)1,165 976 
Other376 195 
Total other long-term liabilities$6,694 $4,245 
(1)    Primarily comprised of unrecognized tax benefits and related interest and penalties.

(2)    Includes unearned revenue related to hardware and software support and cloud services.
Deferred Revenue
The following table shows the changes in short- and long-term deferred revenue during the first nine months of fiscal years 2026 and 2025:
Nine Months Ended
 Oct 26, 2025Oct 27, 2024
(In millions)
Balance at beginning of period$1,813 $1,337 
Deferred revenue additions (1)9,785 2,115 
Revenue recognized (2)(9,185)(1,867)
Balance at end of period$2,413 $1,585 
(1)    Includes $8.4 billion and $1.1 billion of customer advances for the first nine months of fiscal years 2026 and 2025, respectively.
(2)    Includes $8.3 billion and $1.2 billion related to customer advances for the first nine months of fiscal years 2026 and 2025, respectively.
We recognized revenue of $650 million and $585 million in the first nine months of fiscal years 2026 and 2025, respectively, that were included in the prior year end deferred revenue balance.
As of October 26, 2025, revenue related to remaining performance obligations from contracts greater than one year in length was $2.5 billion, which includes $2.0 billion from deferred revenue and $449 million which has not yet been billed nor recognized as revenue. Approximately 40% of revenue from contracts greater than one year in length will be recognized over the next twelve months.
v3.25.3
Derivative Financial Instruments
9 Months Ended
Oct. 26, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Foreign Currency Derivatives
We utilize foreign currency forward contracts to mitigate the impact of foreign currency exchange rate movements on our operating expenses. The foreign currency forward contracts for operating expenses are designated as accounting hedges. Gains or losses on the contracts are recorded in accumulated other comprehensive income or loss and reclassified to operating expense when the related operating expenses are recognized in earnings. During the first nine months of fiscal years 2026 and 2025, the impact of foreign currency forward contracts designated as accounting hedges on other comprehensive income or loss was not significant and all such instruments were determined to be highly effective.
We also entered into foreign currency forward contracts mitigating the impact of foreign currency movements on monetary assets and liabilities. For our foreign currency contracts for assets and liabilities, the change in fair value of these non-designated contracts was recorded in other income or expense and offsets the change in fair value of the hedged foreign currency denominated monetary assets and liabilities, which was also recorded in other income or expense.
The table below presents the notional value of our foreign currency contracts outstanding:
 Oct 26, 2025Jan 26, 2025
(In millions)
Designated as accounting hedges$1,736 $1,424 
Not designated as accounting hedges$592 $1,297 
The unrealized gains and losses or fair value of our foreign currency contracts were not significant as of October 26, 2025 and January 26, 2025.
As of October 26, 2025, all foreign currency contracts mature within eighteen months. The expected realized gains and losses deferred into accumulated other comprehensive income or loss related to foreign currency forward contracts within the next twelve months were not significant.
Facility Lease Guarantee
In the third quarter of fiscal year 2026, we entered into an agreement to guarantee a partner's facility lease obligations in the event of their default. The agreement allows our partner to secure a limited-availability facility lease backed by our credit profile, in exchange for issuing us warrants. The maximum gross exposure is $860 million, which is reduced as the partner makes payments to the lessor over five years. The partner has placed $470 million in escrow and executed an agreement to sell the data center cloud capacity, mitigating our default risk. If the escrow and cloud capacity agreement are not sufficient to cover an event of default, we have the option to assume the lease for internal use or sublease. The guarantee, classified as a credit derivative with changes in fair value recognized in Other income and expense, has an insignificant fair value.
v3.25.3
Debt
9 Months Ended
Oct. 26, 2025
Debt Disclosure [Abstract]  
Debt Debt
Expected
Remaining Term (years)
Effective
Interest Rate
Carrying Value at
Oct 26, 2025Jan 26, 2025
(In millions)
3.20% Notes Due 2026
0.93.31%$1,000 $1,000 
1.55% Notes Due 2028
2.61.64%1,250 1,250 
2.85% Notes Due 2030
4.42.93%1,500 1,500 
2.00% Notes Due 2031
5.62.09%1,250 1,250 
3.50% Notes Due 2040
14.43.54%1,000 1,000 
3.50% Notes Due 2050
24.43.54%2,000 2,000 
3.70% Notes Due 2060
34.43.73%500 500 
Unamortized debt discount and issuance costs(33)(37)
Net carrying amount
$8,467 $8,463 
Less short-term portion(999)— 
Total long-term portion$7,468 $8,463 
As of October 26, 2025 and January 26, 2025, the estimated fair value of debt was $7.6 billion and $7.2 billion, respectively. The estimated fair values are based on Level 2 inputs.
Our notes are unsecured senior obligations. Existing and future liabilities of our subsidiaries will be effectively senior to the notes. Our notes pay interest semi-annually. We may redeem each of our notes prior to maturity, subject to a make-whole premium. The maturity of the notes is calendar year.
As of October 26, 2025, we complied with the required covenants, which are non-financial in nature, under the outstanding notes.
Short-term Debt
As of October 26, 2025, short-term debt was $999 million.
We have a $575 million commercial paper program to support general corporate purposes. As of October 26, 2025 and January 26, 2025, we had no commercial paper outstanding.
v3.25.3
Commitments and Contingencies
9 Months Ended
Oct. 26, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Commitments
Manufacturing production, long-term supply and capacity, and other related commitments reflect long lead and cycle times for our current and future product architectures. We enter into agreements with contract manufacturers that allow them to procure inventory based upon our defined criteria, and in certain instances, these agreements are cancellable, able to be rescheduled, or adjustable for our business needs prior to placing firm orders. Though, changes to these agreements may result in additional costs. As of October 26, 2025, these commitments were $50.3 billion, of which substantially all will be paid through fiscal year 2027.
Multi-year cloud service agreement commitments as of October 26, 2025, were $26 billion for which $1 billion, $6 billion, $6 billion, $5 billion, $4 billion, and $4 billion will be paid in fiscal years 2026 (fourth quarter), 2027, 2028, 2029, 2030, and 2031 & thereafter, respectively. Some cloud service capacity may be reduced, terminated or sold to others by the CSPs, in which case our commitments will be reduced. We expect cloud service agreements to be used to support our research and development efforts and DGX Cloud offerings.
nvestment commitments are $6.5 billion as of October 26, 2025, including $5 billion in Intel Corporation which is subject to regulatory approval. In the third quarter of fiscal year 2026, we entered into a letter of intent with an opportunity to invest in OpenAI. In November 2025, we entered into an agreement, subject to certain closing conditions, to invest up to $10 billion in Anthropic.
Other commitments were $2.1 billion as of October 26, 2025, of which the majority will be paid through fiscal year 2027.
Accrual for Product Warranty Liabilities
The estimated product warranty activity consisted of the following:
Three Months EndedNine Months Ended
Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
(In millions)
Balance at beginning of period$2,144 $741 $1,290 $306 
Additions1,074 304 2,164 775 
Utilization(511)(36)(747)(72)
Balance at end of period$2,707 $1,009 $2,707 $1,009 
We have provided indemnities for matters such as tax, product, and employee liabilities. We have included intellectual property indemnification provisions in our technology-related agreements with third parties. Maximum potential future payments cannot be estimated because many of these agreements do not have a maximum stated liability. We have not recorded any liability in our Condensed Consolidated Financial Statements for such indemnifications.
Litigation
Securities Class Action and Derivative Lawsuits
The plaintiffs in the putative securities class action lawsuit, captioned 4:18-cv-07669-HSG, initially filed on December 21, 2018 in the United States District Court for the Northern District of California, and titled In Re NVIDIA Corporation Securities Litigation, filed an amended complaint on May 13, 2020. The amended complaint asserted that NVIDIA and certain NVIDIA executives violated Section 10(b) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and SEC Rule 10b-5, by making materially false or misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand between May 10, 2017 and November 14, 2018. Plaintiffs also alleged that the NVIDIA executives who they named as defendants violated Section 20(a) of the Exchange Act. Plaintiffs sought class certification, an award of unspecified compensatory damages, an award of reasonable costs and expenses, including attorneys’ fees and expert fees, and further relief as the Court may deem just and proper. On March 2, 2021, the district court granted NVIDIA’s motion to dismiss the complaint without leave to amend, entered judgment in favor of NVIDIA and closed the case. On March 30, 2021, plaintiffs filed an appeal from judgment in the United States Court of Appeals for the Ninth Circuit, case number 21-15604. On August 25, 2023, a majority of a three-judge Ninth Circuit panel affirmed in part and reversed in part the district court’s dismissal of the case, with a third judge dissenting on the basis that the district court did not err in dismissing the case. On November 15, 2023, the Ninth Circuit denied NVIDIA’s petition for rehearing en banc of the Ninth Circuit panel’s majority decision to reverse in part the dismissal of the case, which NVIDIA had filed on October 10, 2023. On December 5, 2023, the Ninth Circuit granted NVIDIA’s motion to stay the mandate pending NVIDIA’s petition for a writ of certiorari in the Supreme Court of the United States and the Supreme Court’s final disposition of the matter. NVIDIA filed a petition for a writ of certiorari on March 4, 2024. On June 17, 2024, the Supreme Court of the United States granted NVIDIA’s petition for a writ of certiorari. After briefing and argument, the Supreme Court dismissed NVIDIA’s writ of certiorari as improvidently granted on December 11, 2024, and issued judgment on January 13, 2025. On February 20, 2025, the Ninth Circuit’s judgment, entered August 25, 2023 and corrected August 28, 2023, took effect, and the case was remanded to the district court for further proceedings.
The putative derivative lawsuit pending in the United States District Court for the Northern District of California, captioned 4:19-cv-00341-HSG, initially filed January 18, 2019 and titled In re NVIDIA Corporation Consolidated Derivative Litigation, was stayed pending resolution of the plaintiffs’ appeal in the In Re NVIDIA Corporation Securities Litigation action. On February 22, 2022, the court administratively closed the case, but stated that it would reopen the case once the appeal in the In Re NVIDIA Corporation Securities Litigation action is resolved. The case has not yet been reopened by the court. The lawsuit asserts claims, purportedly on behalf of us, against certain officers and directors of the Company for breach of fiduciary duty, unjust enrichment, waste of corporate assets, and violations of Sections 14(a), 10(b), and 20(a) of the Exchange Act based on the dissemination of allegedly false and misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand. The plaintiffs are seeking unspecified damages and other relief, including reforms and improvements to NVIDIA’s corporate governance and internal procedures.
The putative derivative actions initially filed September 24, 2019 and pending in the United States District Court for the District of Delaware, Lipchitz v. Huang, et al. (Case No. 1:19-cv-01795-MN) and Nelson v. Huang, et. al. (Case No. 1:19-cv-01798-MN), were stayed pending resolution of the plaintiffs’ appeal in the In Re NVIDIA Corporation Securities Litigation action. On March 7, 2025, after the Supreme Court issued its judgment dismissing the Company’s petition for writ of certiorari as improvidently granted in the In Re NVIDIA Securities Litigation action, the district court adopted the parties' stipulation to extend the stay until the final and complete resolution of the In Re NVIDIA Corporation Securities Litigation action. The lawsuits assert claims, purportedly on behalf of us, against certain officers and directors of the
Company for breach of fiduciary duty, unjust enrichment, insider trading, misappropriation of information, corporate waste and violations of Sections 14(a), 10(b), and 20(a) of the Exchange Act based on the dissemination of allegedly false, and misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand. The plaintiffs seek unspecified damages and other relief, including disgorgement of profits from the sale of NVIDIA stock and unspecified corporate governance measures.
Another putative derivative action was filed on October 30, 2023 in the Court of Chancery of the State of Delaware, captioned Horanic v. Huang, et al. (Case No. 2023-1096-KSJM). This lawsuit asserts claims, purportedly on behalf of us, against certain officers and directors of the Company for breach of fiduciary duty and insider trading based on the dissemination of allegedly false and misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand. The plaintiffs seek unspecified damages and other relief, including disgorgement of profits from the sale of NVIDIA stock and reform of unspecified corporate governance measures. On August 11, 2025, the court granted the parties’ stipulation to voluntarily dismiss with prejudice plaintiff City of Westland Police and Fire Retirement System. This derivative matter is stayed pending the final resolution of In Re NVIDIA Corporation Securities Litigation action.
Accounting for Loss Contingencies
As of October 26, 2025, there are no accrued contingent liabilities associated with the legal proceedings described above based on our belief that liabilities, while reasonably possible, are not probable. Further, any possible loss or range of loss in these matters cannot be reasonably estimated at this time. We are engaged in legal actions not described above arising in the ordinary course of business, as well as regulatory and government inquiries and investigations, and, while there can be no assurance of favorable outcomes, we believe that the ultimate outcome of these matters will not have a material adverse effect on our operating results, liquidity or financial position. These matters are subject to inherent uncertainties and if the ultimate outcome is unfavorable, there exists the possibility of a material adverse impact on our operating results, liquidity or financial position in the period the outcome becomes estimable and probable.
v3.25.3
Shareholders' Equity
9 Months Ended
Oct. 26, 2025
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity 
Capital Return Program 
We repurchased 70 million and 92 million shares of our common stock for $12.6 billion and $11.1 billion during the third quarter of fiscal years 2026 and 2025, respectively, and 262 million and 254 million shares of our common stock for $36.7 billion and $26.2 billion during the first nine months of fiscal years 2026 and 2025, respectively. On August 26, 2025, our Board of Directors approved an additional $60.0 billion in share repurchase authorization, without expiration. As of October 26, 2025, we were authorized, subject to certain specifications, to repurchase up to $62.2 billion of our common stock.
From October 27, 2025 through November 14, 2025, we repurchased 6 million shares for $1.1 billion pursuant to a pre-established trading plan.
We paid cash dividends to our shareholders of $243 million and $245 million during the third quarter, and $732 million and $589 million during the first nine months, of fiscal years 2026 and 2025, respectively. The payment of future cash dividends is subject to our Board of Directors' continuing determination that the declaration of dividends is in the best interests of our shareholders.
v3.25.3
Segment Information
9 Months Ended
Oct. 26, 2025
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 platforms and artificial intelligence, or AI, solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions including software; Jetson for robotics and other embedded platforms; and DGX Cloud computing services.
The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
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 Oct 26, 2025
  
Revenue$50,908 $6,098 $57,006 
Other segment items (1)15,187 3,552 18,739 
Operating income (loss)$35,721 $2,546 $38,267 
Three Months Ended Oct 27, 2024
  
Revenue$31,036 $4,046 $35,082 
Other segment items (1)8,955 2,544 11,499 
Operating income (loss)$22,081 $1,502 $23,583 
Nine Months Ended Oct 26, 2025
Revenue$131,828 $15,983 $147,811 
Other segment items (1)45,689 9,555 55,244 
Operating income (loss)$86,139 $6,428 $92,567 
Nine Months Ended Oct 27, 2024
Revenue$80,157 $11,009 $91,166 
Other segment items (1)22,180 6,898 29,078 
Operating income (loss)$57,977 $4,111 $62,088 
(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 and Networking segment was $439 million and $187 million for the third quarter, and $1.1 billion and $495 million for the first nine months, of fiscal years 2026 and 2025, respectively. Depreciation and amortization expense attributable to our Graphics segment was $175 million and $97 million for the third quarter, and $426 million and $268 million for the first nine months, of fiscal years 2026 and 2025, 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.
A reconciliation of segment operating income to consolidated income before income tax for the third quarter and first nine months of fiscal years 2026 and 2025 were as follows:
Three Months EndedNine Months Ended
Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
(In millions)
Segment operating income
$38,267 $23,583 $92,567 $62,088 
Stock-based compensation expense(1,655)(1,252)(4,753)(3,416)
Unallocated operating expenses
(515)(307)(1,375)(816)
Acquisition-related and other costs(87)(155)(351)(437)
Interest income624 472 1,732 1,275 
Interest expense(61)(61)(186)(186)
Other income, net
1,363 36 3,418 301 
Consolidated income before income tax
$37,936 $22,316 $91,052 $58,809 
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 EndedNine Months Ended
 Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
 (In millions)
Geographic Revenue based upon Customer Headquarters Location (1):
  
United States
$39,177 $19,620 $97,759 $53,873 
Taiwan (2)
13,751 6,188 30,301 17,364 
China (including Hong Kong)2,973 8,142 16,617 17,230 
Other1,105 1,132 3,134 2,699 
Total revenue$57,006 $35,082 $147,811 $91,166 
(1)    Previously, revenue by geographic area was reported based on the billing location of our customers, which often reflected a customer’s centralized invoicing location, even though our products were almost always shipped elsewhere. We believe changing to revenue based upon the location of our customers’ headquarters provides a better representation of the geographic profile of our revenue. Prior period information has been recast to reflect this change.
(2)    In the third quarter of fiscal year 2026, we estimate 86% of Data Center revenue from Taiwan-headquartered customers is attributed to end customers based in the United States and Europe.
Revenue from sales to customers headquartered outside of the United States accounted for 31% and 34% of total revenue for the third quarter and first nine months of fiscal year 2026, respectively, and 44% and 41% of total revenue for the third quarter and first nine months of fiscal year 2025, respectively.
We refer to customers who purchase products directly from NVIDIA as direct customers, such as add-in board manufacturers, distributors, ODMs, OEMs, CSPs, hyperscale companies, 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, Neocloud builders, hyperscale, consumer internet companies, enterprises, and public sector entities.
For the third quarter of fiscal year 2026, four direct customers with sales greater than 10% of total revenue included: Customer A at 22%, Customer B at 15%, Customer C at 13%, and Customer D at 11%, which were attributable to the Compute & Networking segment. For the first nine months of fiscal year 2026, sales to two direct customers represented 21% and 13% of total revenue, respectively, both of which were attributable to the Compute & Networking segment. The customers referenced above may represent different customers than those reported in a previous period.
For the third quarter of fiscal year 2025, sales to three direct customers each represented 12% of total revenue, which were attributable to the Compute & Networking segment. For the first nine months of fiscal year 2025, sales to three direct customers represented 12%, 11%, and 11% of total revenue, which were attributable to the Compute & Networking segment.
The following table summarizes revenue by specialized markets:
 Three Months EndedNine Months Ended
 Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
 (In millions)
Revenue by End Market:  
Data Center$51,215 $30,771 $131,423 $79,606 
Compute43,028 27,644 111,027 69,640 
Networking8,187 3,127 20,396 9,966 
Gaming4,265 3,279 12,315 8,806 
Professional Visualization760 486 1,870 1,367 
Automotive592 449 1,745 1,124 
OEM and Other174 97 458 263 
Total revenue$57,006 $35,082 $147,811 $91,166 
v3.25.3
Leases
9 Months Ended
Oct. 26, 2025
Leases [Abstract]  
Leases Leases
Our lease obligations primarily consist of operating leases for our offices and data centers, with lease periods expiring between fiscal years 2026 and 2041.
Future minimum lease obligations under our non-cancelable lease agreements as of October 26, 2025 were as follows:
Operating Lease Obligations
 (In millions)
Fiscal Year: 
2026 (excluding the first nine months of fiscal year 2026)
$118 
2027431 
2028413 
2029384 
2030308 
2031 and thereafter
1,200 
Total2,854 
Less imputed interest499 
Present value of net future minimum lease payments2,355 
Less short-term operating lease liabilities341 
Long-term operating lease liabilities$2,014 
Between the fourth quarter of fiscal year 2026 and fiscal year 2030, we expect to commence leases with future obligations of $7.5 billion, primarily for data center leases with lease terms of 1.5 to 15 years.
Operating lease expenses were $122 million and $92 million for the third quarter, and $332 million and $258 million for the first nine months, of fiscal years 2026 and 2025, respectively. Short-term and variable lease expenses for the third quarter and first nine months of fiscal years 2026 and 2025 were not significant.
Other information related to leases was as follows:
Nine Months Ended
Oct 26, 2025Oct 27, 2024
 (In millions)
Supplemental cash flows information 
Operating cash flow used for operating leases$301 $227 
Operating lease assets obtained in exchange for lease obligations$752 $679 
As of October 26, 2025, our operating leases have a weighted average remaining lease term of 8.0 years and a weighted average discount rate of 4.43%. As of January 26, 2025, our operating leases had a weighted average remaining lease term of 6.5 years and a weighted average discount rate of 4.16%.
v3.25.3
Insider Trading Arrangements
3 Months Ended
Oct. 26, 2025
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
NameTitle of Director or OfficerActionDateTotal Shares of Common Stock to be Sold
Expiration Date
Debora Shoquist
Executive Vice President, Operations
Adoption
9/9/2025309,84012/31/2026
Donald RobertsonVice President and Chief Accounting OfficerAdoption9/18/2025138,042 *12/31/2026
Ajay PuriExecutive Vice President, Worldwide Field OperationsAdoption9/19/20251,000,0006/24/2026
* Includes 38,042 shares from future vests of equity awards, and the actual number of shares to be sold will be net of shares withheld by the Company for taxes.
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Debora Shoquist [Member]  
Trading Arrangements, by Individual  
Name Debora Shoquist
Title Executive Vice President, Operations
Rule 10b5-1 Arrangement Adopted true
Adoption Date 9/9/2025
Expiration Date 12/31/2026
Arrangement Duration 478 days
Aggregate Available 309,840
Donald Robertson [Member]  
Trading Arrangements, by Individual  
Name Donald Robertson
Title Vice President and Chief Accounting Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date 9/18/2025
Expiration Date 12/31/2026
Arrangement Duration 469 days
Aggregate Available 138,042
Ajay Puri [Member]  
Trading Arrangements, by Individual  
Name Ajay Puri
Title Executive Vice President, Worldwide Field Operations
Rule 10b5-1 Arrangement Adopted true
Adoption Date 9/19/2025
Expiration Date 6/24/2026
Arrangement Duration 278 days
Aggregate Available 1,000,000
Donald Robertson Future Vests Of Equity Awards [Member] | Donald Robertson [Member]  
Trading Arrangements, by Individual  
Aggregate Available 38,042
v3.25.3
Summary of Significant Accounting Policies (Policies)
9 Months Ended
Oct. 26, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America, or U.S. GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission, or SEC, Regulation S-X. The January 26, 2025 consolidated balance sheet was derived from our audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 26, 2025, as filed with the SEC, but does not include all disclosures required by U.S. GAAP. In the opinion of management, all adjustments, consisting only of normal recurring adjustments considered necessary for a fair presentation of results of operations and financial position, have been included. The results for the interim periods presented are not necessarily indicative of the results expected for any future period. The following information should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 26, 2025.
Reclassification
Certain balances from the prior fiscal year have been reclassified to conform to the current period presentation.
Fiscal Year
Fiscal Year
Fiscal years 2026 and 2025 are both 52-week years ending on the last Sunday in January. The third quarters of fiscal years 2026 and 2025 were both 13-week quarters.
Principles of Consolidation
Principles of Consolidation
Our condensed consolidated financial statements include the accounts of NVIDIA Corporation and our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from our estimates. On an on-going basis, we evaluate our estimates, including those related to accounts receivable, cash equivalents and marketable securities, goodwill, income taxes, inventories and product purchase commitments, investigation and settlement costs, litigation, non-marketable equity securities, other contingencies, property, plant, and equipment, restructuring and other charges, revenue recognition, and stock-based compensation. These estimates are based on historical facts and various other assumptions that we believe are reasonable.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
Recent Accounting Pronouncements Not Yet Adopted
In December 2023, the FASB issued a new accounting standard which includes new and updated income tax disclosures, including disaggregation of information in the rate reconciliation and income taxes paid. We are currently assessing the effect of the adoption of this standard on our disclosures that will be included in the fiscal year 2026 annual report.
In November 2024, the FASB issued a new accounting standard requiring disclosures of certain additional expense information on an annual and interim basis, including, among other items, the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each income statement expense caption, as applicable. We will adopt this standard in the fiscal year 2028 annual report. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements other than additional disclosures.
v3.25.3
Stock-Based Compensation (Tables)
9 Months Ended
Oct. 26, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense, Net of Amounts Capitalized as Inventory
Condensed Consolidated Statements of Income include stock-based compensation expense, net of amounts capitalized into inventory, as follows:
 Three Months EndedNine Months Ended
 Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
(In millions)
Cost of revenue$70 $50 $192 $125 
Research and development1,206 910 3,460 2,469 
Sales, general and administrative379 292 1,101 822 
Total$1,655 $1,252 $4,753 $3,416 
Schedule of Equity Awards
The following is a summary of our equity award transactions under our equity incentive plans:
RSUs, PSUs and Market-based PSUs Outstanding
 Number of SharesWeighted Average Grant-Date Fair Value Per Share
(In millions, except per share data)
Balance as of Jan 26, 2025
274 $44.75 
Granted52 $114.76 
Vested(116)$37.30 
Canceled and forfeited(7)$55.62 
Balance as of Oct 26, 2025
203 $66.59 
v3.25.3
Net Income Per Share (Tables)
9 Months Ended
Oct. 26, 2025
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted Net Income Per Share Computations
The following is the basic and diluted net income per share computations for the periods presented:
 Three Months EndedNine Months Ended
Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
 (In millions, except per share data)
Numerator:  
Net income$31,910 $19,309 $77,107 $50,789 
Denominator:
Basic weighted average shares24,327 24,533 24,378 24,577 
Dilutive impact of outstanding equity awards156 241 164 260 
Diluted weighted average shares24,483 24,774 24,542 24,837 
Net income per share:
Basic (1)$1.31 $0.79 $3.16 $2.07 
Diluted (2)$1.30 $0.78 $3.14 $2.04 
Anti-dilutive equity awards excluded from diluted net income per share20 72 
(1)    Net income divided by basic weighted average shares.
(2)    Net income divided by diluted weighted average shares.
v3.25.3
Cash Equivalents and Marketable Securities (Tables)
9 Months Ended
Oct. 26, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash Equivalents and Marketable Securities The following is a summary of cash equivalents and marketable securities:
 Oct 26, 2025
Pricing CategoryAmortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Debt securities issued by the U.S. TreasuryLevel 2$22,032 $188 $— $22,220 $665 $21,555 
Corporate debt securitiesLevel 221,588 172 (1)21,759 320 21,439 
Money market fundsLevel 18,610 — — 8,610 8,610 — 
Debt securities issued by U.S. government agenciesLevel 22,206 12 — 2,218 — 2,218 
Certificates of depositLevel 2104 — — 104 104 — 
Foreign government bonds
Level 240 — 41 — 41 
Total debt securities with fair value adjustments recorded in other comprehensive income54,580 373 (1)54,952 9,699 45,253 
Publicly-held equity securities (1)
Level 13,869 — 3,869 
Total$54,580 $373 $(1)$58,821 $9,699 $49,122 
(1)    In the first quarter of fiscal year 2026, one investment was reclassified from non-marketable equity securities to marketable securities following public market trading.
 Jan 26, 2025
Pricing CategoryAmortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Corporate debt securitiesLevel 2$18,504 $51 $(29)$18,526 $2,071 $16,455 
Debt securities issued by the U.S. TreasuryLevel 216,749 42 (22)16,769 1,801 14,968 
Money market fundsLevel 13,760 — — 3,760 3,760 — 
Debt securities issued by U.S. government agenciesLevel 22,775 (5)2,777 — 2,777 
Foreign government bondsLevel 2177 — — 177 137 40 
Certificates of depositLevel 297 — — 97 97 — 
Total debt securities with fair value adjustments recorded in other comprehensive income42,062 100 (56)42,106 7,866 34,240 
Publicly-held equity securities
Level 1381 — 381 
Total$42,062 $100 $(56)$42,487 $7,866 $34,621 
The estimated fair value of debt securities included in cash equivalents and marketable securities are shown below by contractual maturity.
Oct 26, 2025
(In millions)
Less than one year$21,848 
Due in 1 - 5 years33,104 
Total$54,952 
Schedule of Investments in a Continuous Unrealized Loss Position
The following table provides the breakdown of unrealized losses, aggregated by investment category and length of time that individual debt securities have been in a continuous loss position:
Oct 26, 2025Jan 26, 2025
 Less than 12 MonthsLess than 12 Months
 Estimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized Loss
 (In millions)
Debt securities issued by the U.S. Treasury$1,223 $— $6,315 $(22)
Corporate debt securities899 (1)5,291 (29)
Debt securities issued by U.S. government agencies75 — 816 (5)
Total$2,197 $(1)$12,422 $(56)
v3.25.3
Fair Value of Non-marketable Equity Securities (Tables)
9 Months Ended
Oct. 26, 2025
Fair Value Disclosures [Abstract]  
Schedule of Non-marketable Equity Securities
Adjustments to the carrying value of our non-marketable equity securities during the third quarter and first nine months of fiscal years 2026 and 2025 were as follows:
Three Months EndedNine Months Ended
Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
(In millions)
Balance at beginning of period$3,799 $1,819 $3,387 $1,321 
Adjustments related to non-marketable equity securities:
Net additions3,704 409 4,652 830 
Unrealized gains758 23 1,088 115 
Reclassification (1)
— — (848)— 
Impairments and unrealized losses(74)(14)(92)(29)
Balance at end of period$8,187 $2,237 $8,187 $2,237 
(1) Represents reclassifications from non-marketable equity securities to marketable securities following public market trading.
v3.25.3
Amortizable Intangible Assets and Goodwill (Tables)
9 Months Ended
Oct. 26, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of the Components of Our Amortizable Intangible Assets
The components of our amortizable intangible assets are as follows:
 Oct 26, 2025Jan 26, 2025
 Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
 (In millions)
Acquisition-related intangible assets$3,146 $(2,456)$690 $2,900 $(2,264)$636 
Patents and licensed technology541 (295)246 449 (278)171 
Total intangible assets$3,687 $(2,751)$936 $3,349 $(2,542)$807 
Schedule of Finite-Lived Intangible Assets, Amortization Expense
The following table outlines the estimated future amortization expense related to the net carrying amount of intangible assets as of October 26, 2025:
Future Amortization Expense
 (In millions)
Fiscal Year: 
2026 (excluding the first nine months, of fiscal year 2026)
$107 
2027416 
2028222 
202987 
203011 
2031 and thereafter93 
Total$936 
v3.25.3
Balance Sheet Components (Tables)
9 Months Ended
Oct. 26, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Certain balance sheet components are as follows:
 Oct 26, 2025Jan 26, 2025
Inventories:(In millions)
Raw materials$4,209 $3,408 
Work in process8,735 3,399 
Finished goods6,840 3,273 
Total inventories (1)$19,784 $10,080 
(1)    We recorded inventory provisions of $378 million and $322 million for the third quarter of fiscal years 2026 and 2025, respectively, and $3.6 billion and $876 million for the first nine months of fiscal years 2026 and 2025, respectively, in cost of revenue.
Schedule of Other Assets
 Oct 26, 2025Jan 26, 2025
Other Assets (Long Term):(In millions)
Non-marketable equity securities$8,187 $3,387 
Prepaid supply and capacity agreements (1)1,536 1,747 
Income tax receivable1,369 750 
Other632 541 
Total other assets$11,724 $6,425 
(1)    $2.0 billion and $3.3 billion were included in short-term Prepaid expenses and other current assets as of October 26, 2025 and January 26, 2025, respectively.
Schedule of Accrued and Other Current Liabilities
 Oct 26, 2025Jan 26, 2025
Accrued and Other Current Liabilities:(In millions)
Customer program accruals$4,721 $4,880 
Excess inventory purchase obligations (1)2,770 2,095 
Product warranty
2,707 1,290 
Taxes payable
2,915 881 
Deferred revenue (2)1,248 837 
Accrued payroll and related expenses895 848 
Other1,196 906 
Total accrued and other current liabilities$16,452 $11,737 
(1)    We recorded $32 million and $543 million for the third quarter of fiscal years 2026 and 2025, respectively, and $3.1 billion and $1.3 billion for the first nine months of fiscal years 2026 and 2025, respectively, in cost of revenue.
(2)    Includes customer advances and unearned revenue related to hardware and software support, cloud services, and license and development arrangements. The balance as of October 26, 2025 and January 26, 2025 included $127 million and $81 million of customer advances, respectively.
Schedule of Other Long-term Liabilities
 Oct 26, 2025Jan 26, 2025
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$3,532 $2,188 
Deferred income tax1,621 886 
Deferred revenue (2)1,165 976 
Other376 195 
Total other long-term liabilities$6,694 $4,245 
(1)    Primarily comprised of unrecognized tax benefits and related interest and penalties.

(2)    Includes unearned revenue related to hardware and software support and cloud services.
Schedule of Changes in Deferred Revenue
The following table shows the changes in short- and long-term deferred revenue during the first nine months of fiscal years 2026 and 2025:
Nine Months Ended
 Oct 26, 2025Oct 27, 2024
(In millions)
Balance at beginning of period$1,813 $1,337 
Deferred revenue additions (1)9,785 2,115 
Revenue recognized (2)(9,185)(1,867)
Balance at end of period$2,413 $1,585 
(1)    Includes $8.4 billion and $1.1 billion of customer advances for the first nine months of fiscal years 2026 and 2025, respectively.
(2)    Includes $8.3 billion and $1.2 billion related to customer advances for the first nine months of fiscal years 2026 and 2025, respectively.
v3.25.3
Derivative Financial Instruments (Tables)
9 Months Ended
Oct. 26, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Value of Our Foreign Currency Contracts Outstanding
The table below presents the notional value of our foreign currency contracts outstanding:
 Oct 26, 2025Jan 26, 2025
(In millions)
Designated as accounting hedges$1,736 $1,424 
Not designated as accounting hedges$592 $1,297 
v3.25.3
Debt (Tables)
9 Months Ended
Oct. 26, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Expected
Remaining Term (years)
Effective
Interest Rate
Carrying Value at
Oct 26, 2025Jan 26, 2025
(In millions)
3.20% Notes Due 2026
0.93.31%$1,000 $1,000 
1.55% Notes Due 2028
2.61.64%1,250 1,250 
2.85% Notes Due 2030
4.42.93%1,500 1,500 
2.00% Notes Due 2031
5.62.09%1,250 1,250 
3.50% Notes Due 2040
14.43.54%1,000 1,000 
3.50% Notes Due 2050
24.43.54%2,000 2,000 
3.70% Notes Due 2060
34.43.73%500 500 
Unamortized debt discount and issuance costs(33)(37)
Net carrying amount
$8,467 $8,463 
Less short-term portion(999)— 
Total long-term portion$7,468 $8,463 
v3.25.3
Commitments and Contingencies (Tables)
9 Months Ended
Oct. 26, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Product Warranty Activity
The estimated product warranty activity consisted of the following:
Three Months EndedNine Months Ended
Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
(In millions)
Balance at beginning of period$2,144 $741 $1,290 $306 
Additions1,074 304 2,164 775 
Utilization(511)(36)(747)(72)
Balance at end of period$2,707 $1,009 $2,707 $1,009 
v3.25.3
Segment Information (Tables)
9 Months Ended
Oct. 26, 2025
Segment Reporting [Abstract]  
Schedule of Reportable Segments The table below presents details of our reportable segments.

Compute & NetworkingGraphics
Total
 (In millions)
Three Months Ended Oct 26, 2025
  
Revenue$50,908 $6,098 $57,006 
Other segment items (1)15,187 3,552 18,739 
Operating income (loss)$35,721 $2,546 $38,267 
Three Months Ended Oct 27, 2024
  
Revenue$31,036 $4,046 $35,082 
Other segment items (1)8,955 2,544 11,499 
Operating income (loss)$22,081 $1,502 $23,583 
Nine Months Ended Oct 26, 2025
Revenue$131,828 $15,983 $147,811 
Other segment items (1)45,689 9,555 55,244 
Operating income (loss)$86,139 $6,428 $92,567 
Nine Months Ended Oct 27, 2024
Revenue$80,157 $11,009 $91,166 
Other segment items (1)22,180 6,898 29,078 
Operating income (loss)$57,977 $4,111 $62,088 
(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.
Three Months EndedNine Months Ended
Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
(In millions)
Segment operating income
$38,267 $23,583 $92,567 $62,088 
Stock-based compensation expense(1,655)(1,252)(4,753)(3,416)
Unallocated operating expenses
(515)(307)(1,375)(816)
Acquisition-related and other costs(87)(155)(351)(437)
Interest income624 472 1,732 1,275 
Interest expense(61)(61)(186)(186)
Other income, net
1,363 36 3,418 301 
Consolidated income before income tax
$37,936 $22,316 $91,052 $58,809 
Schedule of Revenue by Geographic Regions
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 EndedNine Months Ended
 Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
 (In millions)
Geographic Revenue based upon Customer Headquarters Location (1):
  
United States
$39,177 $19,620 $97,759 $53,873 
Taiwan (2)
13,751 6,188 30,301 17,364 
China (including Hong Kong)2,973 8,142 16,617 17,230 
Other1,105 1,132 3,134 2,699 
Total revenue$57,006 $35,082 $147,811 $91,166 
(1)    Previously, revenue by geographic area was reported based on the billing location of our customers, which often reflected a customer’s centralized invoicing location, even though our products were almost always shipped elsewhere. We believe changing to revenue based upon the location of our customers’ headquarters provides a better representation of the geographic profile of our revenue. Prior period information has been recast to reflect this change.
(2)    In the third quarter of fiscal year 2026, we estimate 86% of Data Center revenue from Taiwan-headquartered customers is attributed to end customers based in the United States and Europe.
Schedule of Revenue by Specialized Markets
The following table summarizes revenue by specialized markets:
 Three Months EndedNine Months Ended
 Oct 26, 2025Oct 27, 2024Oct 26, 2025Oct 27, 2024
 (In millions)
Revenue by End Market:  
Data Center$51,215 $30,771 $131,423 $79,606 
Compute43,028 27,644 111,027 69,640 
Networking8,187 3,127 20,396 9,966 
Gaming4,265 3,279 12,315 8,806 
Professional Visualization760 486 1,870 1,367 
Automotive592 449 1,745 1,124 
OEM and Other174 97 458 263 
Total revenue$57,006 $35,082 $147,811 $91,166 
v3.25.3
Leases (Tables)
9 Months Ended
Oct. 26, 2025
Leases [Abstract]  
Schedule of Future Minimum Lease Obligations
Future minimum lease obligations under our non-cancelable lease agreements as of October 26, 2025 were as follows:
Operating Lease Obligations
 (In millions)
Fiscal Year: 
2026 (excluding the first nine months of fiscal year 2026)
$118 
2027431 
2028413 
2029384 
2030308 
2031 and thereafter
1,200 
Total2,854 
Less imputed interest499 
Present value of net future minimum lease payments2,355 
Less short-term operating lease liabilities341 
Long-term operating lease liabilities$2,014 
Schedule of Other Information Related to Leases
Other information related to leases was as follows:
Nine Months Ended
Oct 26, 2025Oct 27, 2024
 (In millions)
Supplemental cash flows information 
Operating cash flow used for operating leases$301 $227 
Operating lease assets obtained in exchange for lease obligations$752 $679 
v3.25.3
Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Share-based Compensation        
Stock-based compensation expense $ 1,655 $ 1,252 $ 4,753 $ 3,416
Cost of revenue        
Share-based Compensation        
Stock-based compensation expense 70 50 192 125
Research and development        
Share-based Compensation        
Stock-based compensation expense 1,206 910 3,460 2,469
Sales, general and administrative        
Share-based Compensation        
Stock-based compensation expense $ 379 $ 292 $ 1,101 $ 822
v3.25.3
Stock-Based Compensation - Schedule of Equity Awards (Details) - RSUs, PSUs, and Market-based PSUs
shares in Millions
9 Months Ended
Oct. 26, 2025
$ / shares
shares
Number of Shares  
Outstanding, beginning balance (in shares) | shares 274
Granted (in shares) | shares 52
Vested (in shares) | shares (116)
Canceled and forfeited (in shares) | shares (7)
Outstanding, ending balance (in shares) | shares 203
Weighted Average Grant-Date Fair Value Per Share  
Weighted average grant date fair value, beginning balance (in dollars per share) | $ / shares $ 44.75
Weighted average grant date fair value, granted (in dollars per share) | $ / shares 114.76
Weighted average grant date fair value, Vested (in dollars per share) | $ / shares 37.30
Weighted average grant date fair value, canceled and forfeited (in dollars per share) | $ / shares 55.62
Weighted average grant date fair value, ending balance (in dollars per share) | $ / shares $ 66.59
v3.25.3
Stock-Based Compensation - Narrative (Details)
$ in Billions
9 Months Ended
Oct. 26, 2025
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unearned stock-based compensation expense $ 13.1
RSUs, PSUs, and Market-based PSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Estimated weighted average amortization period 2 years 1 month 6 days
Employee Stock Purchase Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Estimated weighted average amortization period 1 year
v3.25.3
Net Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Numerator:        
Net income $ 31,910 $ 19,309 $ 77,107 $ 50,789
Denominator:        
Basic weighted average shares (in shares) 24,327 24,533 24,378 24,577
Dilutive impact of outstanding equity awards (in shares) 156 241 164 260
Diluted weighted average shares (in shares) 24,483 24,774 24,542 24,837
Net income per share:        
Basic (in dollars per share) $ 1.31 $ 0.79 $ 3.16 $ 2.07
Diluted (in dollars per share) $ 1.30 $ 0.78 $ 3.14 $ 2.04
Anti-dilutive equity awards excluded from diluted net income per share (in shares) 6 9 20 72
v3.25.3
Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Income Tax Disclosure [Abstract]        
Income tax expense $ 6,026 $ 3,007 $ 13,945 $ 8,020
Tax expense as a percentage of income before income tax (percent) 15.90% 13.50% 15.30% 13.60%
v3.25.3
Cash Equivalents and Marketable Securities - Schedule of Securities (Details) - USD ($)
$ in Millions
Oct. 26, 2025
Jan. 26, 2025
Summary of cash equivalents and marketable securities:    
Amortized Cost $ 54,580 $ 42,062
Unrealized Gain 373 100
Unrealized Loss (1) (56)
Estimated Fair Value 54,952  
Cash Equivalents 9,699 7,866
Estimated Fair Value, Total 58,821 42,487
Marketable securities, total 49,122 34,621
Total debt securities with fair value adjustments recorded in other comprehensive income    
Summary of cash equivalents and marketable securities:    
Amortized Cost 54,580 42,062
Unrealized Gain 373 100
Unrealized Loss (1) (56)
Estimated Fair Value 54,952 42,106
Cash Equivalents 9,699 7,866
Marketable Securities 45,253 34,240
Debt securities issued by the U.S. Treasury    
Summary of cash equivalents and marketable securities:    
Amortized Cost 22,032 16,749
Unrealized Gain 188 42
Unrealized Loss 0 (22)
Estimated Fair Value 22,220 16,769
Cash Equivalents 665 1,801
Marketable Securities 21,555 14,968
Corporate debt securities    
Summary of cash equivalents and marketable securities:    
Amortized Cost 21,588 18,504
Unrealized Gain 172 51
Unrealized Loss (1) (29)
Estimated Fair Value 21,759 18,526
Cash Equivalents 320 2,071
Marketable Securities 21,439 16,455
Money market funds    
Summary of cash equivalents and marketable securities:    
Amortized Cost 8,610 3,760
Unrealized Gain 0 0
Unrealized Loss 0 0
Estimated Fair Value 8,610 3,760
Cash Equivalents 8,610 3,760
Marketable Securities 0 0
Debt securities issued by U.S. government agencies    
Summary of cash equivalents and marketable securities:    
Amortized Cost 2,206 2,775
Unrealized Gain 12 7
Unrealized Loss 0 (5)
Estimated Fair Value 2,218 2,777
Cash Equivalents 0 0
Marketable Securities 2,218 2,777
Certificates of deposit    
Summary of cash equivalents and marketable securities:    
Amortized Cost 104 97
Unrealized Gain 0 0
Unrealized Loss 0 0
Estimated Fair Value 104 97
Cash Equivalents 104 97
Marketable Securities 0 0
Foreign government bonds    
Summary of cash equivalents and marketable securities:    
Amortized Cost 40 177
Unrealized Gain 1 0
Unrealized Loss 0 0
Estimated Fair Value 41 177
Cash Equivalents 0 137
Marketable Securities 41 40
Publicly-held equity securities    
Summary of cash equivalents and marketable securities:    
Publicly-held equity securities $ 3,869 $ 381
v3.25.3
Cash Equivalents and Marketable Securities - Narrative (Details)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
USD ($)
Apr. 27, 2025
investment
Oct. 27, 2024
USD ($)
Oct. 26, 2025
USD ($)
Oct. 27, 2024
USD ($)
Jul. 27, 2025
USD ($)
Jan. 26, 2025
USD ($)
Jul. 28, 2024
USD ($)
Jan. 28, 2024
USD ($)
Summary of cash equivalents and marketable securities:                  
Number of investments reclassified | investment   1              
Fair value of non-marketable equity securities reclassified to marketable securities $ 8,187   $ 2,237 $ 8,187 $ 2,237 $ 3,799 $ 3,387 $ 1,819 $ 1,321
Net unrealized gains on investments in publicly held equity securities 670   $ 0 2,400 $ 0        
Debt securities in a continuous loss position of twelve months or greater $ 337     $ 337     $ 213    
v3.25.3
Cash Equivalents and Marketable Securities - Schedule of Unrealized Losses Aggregated by Investment Category (Details) - USD ($)
$ in Millions
Oct. 26, 2025
Jan. 26, 2025
Estimated Fair Value    
Less than 12 Months $ 2,197 $ 12,422
Gross Unrealized Loss    
Less than 12 Months (1) (56)
Debt securities issued by the U.S. Treasury    
Estimated Fair Value    
Less than 12 Months 1,223 6,315
Gross Unrealized Loss    
Less than 12 Months 0 (22)
Corporate debt securities    
Estimated Fair Value    
Less than 12 Months 899 5,291
Gross Unrealized Loss    
Less than 12 Months (1) (29)
Debt securities issued by U.S. government agencies    
Estimated Fair Value    
Less than 12 Months 75 816
Gross Unrealized Loss    
Less than 12 Months $ 0 $ (5)
v3.25.3
Cash Equivalents and Marketable Securities - Schedule of Amortized Cost and Estimated Fair Value of Cash Equivalents and Marketable Securities (Details)
$ in Millions
Oct. 26, 2025
USD ($)
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]  
Less than one year $ 21,848
Due in 1 - 5 years 33,104
Estimated Fair Value $ 54,952
v3.25.3
Fair Value of Non-marketable Equity Securities - Schedule of Carrying Value of Non-marketable Equity Securities (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Fair Value Disclosures [Abstract]        
Balance at beginning of period $ 3,799 $ 1,819 $ 3,387 $ 1,321
Net additions 3,704 409 4,652 830
Unrealized gains 758 23 1,088 115
Reclassification 0 0 (848) 0
Impairments and unrealized losses (74) (14) (92) (29)
Balance at end of period $ 8,187 $ 2,237 $ 8,187 $ 2,237
v3.25.3
Fair Value of Non-marketable Equity Securities - Narrative (Details)
$ in Millions
3 Months Ended
Apr. 27, 2025
investment
Oct. 26, 2025
USD ($)
Oct. 27, 2024
USD ($)
Fair Value Disclosures [Abstract]      
Number of investments reclassified | investment 1    
Cumulative gross unrealized gains   $ 1,400 $ 374
Cumulative gross losses and impairments   $ (167) $ 74
v3.25.3
Amortizable Intangible Assets and Goodwill (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Jan. 26, 2025
Amortizable intangible assets components          
Gross Carrying Amount $ 3,687   $ 3,687   $ 3,349
Accumulated Amortization (2,751)   (2,751)   (2,542)
Net Carrying Amount 936   936   807
Amortization expense 96 $ 149 338 $ 438  
Amortization expense associated with intangible assets          
2026 (excluding the first nine months, of fiscal year 2026) 107   107    
2027 416   416    
2028 222   222    
2029 87   87    
2030 11   11    
2031 and thereafter 93   93    
Net Carrying Amount 936   936   807
Increase in carrying amount of goodwill     1,100    
Acquisition-related intangible assets          
Amortizable intangible assets components          
Gross Carrying Amount 3,146   3,146   2,900
Accumulated Amortization (2,456)   (2,456)   (2,264)
Net Carrying Amount 690   690   636
Amortization expense associated with intangible assets          
Net Carrying Amount 690   690   636
Patents and licensed technology          
Amortizable intangible assets components          
Gross Carrying Amount 541   541   449
Accumulated Amortization (295)   (295)   (278)
Net Carrying Amount 246   246   171
Amortization expense associated with intangible assets          
Net Carrying Amount $ 246   $ 246   $ 171
v3.25.3
Balance Sheet Components - Narrative (Details) - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Oct. 26, 2025
Jan. 26, 2025
Supply Commitment [Line Items]    
Property, equipment and intangible assets acquired by assuming related liabilities $ 790  
Customer One | Accounts Receivable | Customer Concentration Risk    
Supply Commitment [Line Items]    
Concentration risk (as percent) 22.00% 17.00%
Customers Two | Accounts Receivable | Customer Concentration Risk    
Supply Commitment [Line Items]    
Concentration risk (as percent) 17.00% 16.00%
Customer Three | Accounts Receivable | Customer Concentration Risk    
Supply Commitment [Line Items]    
Concentration risk (as percent) 14.00%  
Customer 4 | Accounts Receivable | Customer Concentration Risk    
Supply Commitment [Line Items]    
Concentration risk (as percent) 12.00%  
v3.25.3
Balance Sheet Components - Schedule of Inventory (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Jan. 26, 2025
Inventories          
Raw materials $ 4,209   $ 4,209   $ 3,408
Work in process 8,735   8,735   3,399
Finished goods 6,840   6,840   3,273
Total inventories 19,784   19,784   $ 10,080
Inventory reserve expense $ 378 $ 322 $ 3,600 $ 876  
v3.25.3
Balance Sheet Components - Schedule of Other Assets (Long Term) (Details) - USD ($)
$ in Millions
9 Months Ended
Oct. 26, 2025
Jan. 26, 2025
Supply Commitment [Line Items]    
Property, equipment and intangible assets acquired by assuming related liabilities $ 790  
Other Assets (Long Term):    
Non-marketable equity securities 8,187 $ 3,387
Prepaid supply and capacity agreements 1,536 1,747
Income tax receivable 1,369 750
Other 632 541
Total other assets 11,724 6,425
Prepaid expenses and other current assets 2,709 3,771
Supply and Capacity Agreements    
Other Assets (Long Term):    
Prepaid expenses and other current assets $ 2,000 $ 3,300
v3.25.3
Balance Sheet Components - Schedule of Accrued and Other Current Liabilities (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Jan. 26, 2025
Accrued and Other Current Liabilities:          
Customer program accruals $ 4,721   $ 4,721   $ 4,880
Excess inventory purchase obligations 2,770   2,770   2,095
Product warranty 2,707   2,707   1,290
Taxes payable 2,915   2,915   881
Deferred revenue 1,248   1,248   837
Accrued payroll and related expenses 895   895   848
Other 1,196   1,196   906
Total accrued and other current liabilities 16,452   16,452   11,737
Cost of revenue 15,157 $ 8,926 45,441 $ 22,031  
Inventory Purchase Obligations in Excess of Projections          
Accrued and Other Current Liabilities:          
Cost of revenue 32 $ 543 3,100 $ 1,300  
Nature of Expense, Customer Advances          
Accrued and Other Current Liabilities:          
Deferred revenue $ 127   $ 127   $ 81
v3.25.3
Balance Sheet Components - Schedule of Other Long-term Liabilities (Details) - USD ($)
$ in Millions
Oct. 26, 2025
Jan. 26, 2025
Other Long-Term Liabilities:    
Income tax payable $ 3,532 $ 2,188
Deferred income tax 1,621 886
Deferred revenue 1,165 976
Other 376 195
Total other long-term liabilities $ 6,694 $ 4,245
v3.25.3
Balance Sheet Components - Schedule of Changes in Deferred Revenue (Details) - USD ($)
$ in Millions
9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Change in Deferred Revenue    
Balance at beginning of period $ 1,813 $ 1,337
Deferred revenue additions 9,785 2,115
Revenue recognized (9,185) (1,867)
Balance at end of period 2,413 1,585
Deferred revenue additions 8,400 1,100
Revenue recognized $ 8,300 $ 1,200
v3.25.3
Balance Sheet Components - Revenue Remaining Performance Obligation (Details) - USD ($)
$ in Millions
9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue recognized that was previously included in deferred revenue $ 650 $ 585
Revenue related to remaining performance obligations 2,500  
Revenue related to remaining performance obligations - amount from deferred revenues 2,000  
Unbilled revenue $ 449  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-28    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, remaining performance obligation (as percent) 40.00%  
Expected performance period (in months) 12 months  
v3.25.3
Derivative Financial Instruments - Schedule of Notional Value of Our Foreign Currency Contracts Outstanding (Details) - Foreign currency forward contracts - USD ($)
$ in Millions
Oct. 26, 2025
Jan. 26, 2025
Designated as accounting hedges    
Derivative [Line Items]    
Notional values of derivative contracts $ 1,736 $ 1,424
Not designated as accounting hedges    
Derivative [Line Items]    
Notional values of derivative contracts $ 592 $ 1,297
v3.25.3
Derivative Financial Instruments - Narrative (Details)
$ in Millions
9 Months Ended
Oct. 26, 2025
USD ($)
Derivative [Line Items]  
Maximum exposure $ 860
Guarantee term 5 years
Amount held in escrow $ 470
Foreign currency forward contracts  
Derivative [Line Items]  
Maximum maturity period (in months) 18 months
v3.25.3
Debt - Schedule of Long-term Debt (Details) - USD ($)
$ in Millions
9 Months Ended
Oct. 26, 2025
Jan. 26, 2025
Debt Instrument [Line Items]    
Unamortized debt discount and issuance costs $ (33) $ (37)
Net carrying amount 8,467 8,463
Less short-term portion (999) 0
Long-term debt $ 7,468 $ 8,463
3.20% Notes Due 2026 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.20% 3.20%
Expected Remaining Term (years) 10 months 24 days  
Effective Interest Rate 3.31%  
Gross carrying amount $ 1,000 $ 1,000
1.55% Notes Due 2028 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 1.55% 1.55%
Expected Remaining Term (years) 2 years 7 months 6 days  
Effective Interest Rate 1.64%  
Gross carrying amount $ 1,250 $ 1,250
2.85% Notes Due 2030 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 2.85% 2.85%
Expected Remaining Term (years) 4 years 4 months 24 days  
Effective Interest Rate 2.93%  
Gross carrying amount $ 1,500 $ 1,500
2.00% Notes Due 2031 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 2.00% 2.00%
Expected Remaining Term (years) 5 years 7 months 6 days  
Effective Interest Rate 2.09%  
Gross carrying amount $ 1,250 $ 1,250
3.50% Notes Due 2040 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.50% 3.50%
Expected Remaining Term (years) 14 years 4 months 24 days  
Effective Interest Rate 3.54%  
Gross carrying amount $ 1,000 $ 1,000
3.50% Notes Due 2050 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.50% 3.50%
Expected Remaining Term (years) 24 years 4 months 24 days  
Effective Interest Rate 3.54%  
Gross carrying amount $ 2,000 $ 2,000
3.70% Notes Due 2060 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.70% 3.70%
Expected Remaining Term (years) 34 years 4 months 24 days  
Effective Interest Rate 3.73%  
Gross carrying amount $ 500 $ 500
v3.25.3
Debt - Narrative (Details) - USD ($)
Oct. 26, 2025
Jan. 26, 2025
Debt Instrument [Line Items]    
Estimated fair value of long-term debt $ 7,600,000,000 $ 7,200,000,000
Short-term debt 999,000,000 0
Commercial Paper Program | Commercial Paper    
Debt Instrument [Line Items]    
Current borrowing capacity 575,000,000  
Outstanding commercial paper $ 0 $ 0
v3.25.3
Commitments and Contingencies - Narrative (Details) - USD ($)
$ in Millions
Nov. 19, 2025
Oct. 26, 2025
Purchase Commitment, Excluding Long-Term Commitment [Line Items]    
Investment commitment   $ 6,500
Accrued contingent liabilities   0
Intel Corporation    
Purchase Commitment, Excluding Long-Term Commitment [Line Items]    
Investment commitment   5,000
Subsequent Event | Anthropic, PBC    
Purchase Commitment, Excluding Long-Term Commitment [Line Items]    
Investment commitment $ 10,000  
Manufacturing production and long-term supply and capacity agreement commitments    
Purchase Commitment, Excluding Long-Term Commitment [Line Items]    
Purchase obligation   50,300
Long Lived Assets, and Other Goods and Services    
Purchase Commitment, Excluding Long-Term Commitment [Line Items]    
Investment commitment   2,100
Multi-year cloud service agreement commitments    
Purchase Commitment, Excluding Long-Term Commitment [Line Items]    
Purchase obligation   $ 26,000
v3.25.3
Commitments and Contingencies - Schedule of Future Purchase Commitments Due by Year (Details) - Multi-year cloud service agreement commitments
$ in Billions
Oct. 26, 2025
USD ($)
Cloud Service Agreement Commitments  
2026 (fourth quarter) $ 1
2027 6
2028 6
2029 5
2030 4
2031 4
Total commitments $ 26
v3.25.3
Commitments and Contingencies - Schedule of Product Warranty Liabilities (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]        
Balance at beginning of period $ 2,144 $ 741 $ 1,290 $ 306
Additions 1,074 304 2,164 775
Utilization (511) (36) (747) (72)
Balance at end of period $ 2,707 $ 1,009 $ 2,707 $ 1,009
v3.25.3
Shareholders' Equity (Details) - USD ($)
shares in Millions, $ in Millions
1 Months Ended 3 Months Ended 9 Months Ended
Nov. 14, 2025
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Aug. 26, 2025
Share Repurchase Program [Line Items]            
Number of shares repurchased (in shares)   70 92 262 254  
Shares repurchased   $ 12,574 $ 11,146 $ 36,733 $ 26,208  
Authorized amounts under share repurchase program   $ 62,200   62,200    
Additional authorization under the share repurchase program           $ 60,000
Dividends paid       $ 732 $ 589  
Subsequent Event            
Share Repurchase Program [Line Items]            
Number of shares repurchased (in shares) 6          
Shares repurchased $ 1,100          
v3.25.3
Segment Information - Narrative (Details)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
USD ($)
Oct. 27, 2024
USD ($)
Oct. 26, 2025
USD ($)
segment
Oct. 27, 2024
USD ($)
Segment Reporting Information [Line Items]        
Number of reportable segments | segment     2  
Number of operating segments | segment     2  
Depreciation and amortization     $ 2,031 $ 1,321
Non-US | Revenue | Customer Concentration Risk        
Segment Reporting Information [Line Items]        
Concentration risk (as percent) 31.00% 44.00% 34.00% 41.00%
Compute & Networking        
Segment Reporting Information [Line Items]        
Depreciation and amortization $ 439 $ 187 $ 1,100 $ 495
Graphics        
Segment Reporting Information [Line Items]        
Depreciation and amortization $ 175 $ 97 $ 426 $ 268
v3.25.3
Segment Information - Schedule of Segments (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Segment Reporting Information [Line Items]        
Revenue $ 57,006 $ 35,082 $ 147,811 $ 91,166
Operating income (loss) 36,010 21,869 86,088 57,419
Operating Segments        
Segment Reporting Information [Line Items]        
Revenue 57,006 35,082 147,811 91,166
Other segment items 18,739 11,499 55,244 29,078
Operating income (loss) 38,267 23,583 92,567 62,088
Operating Segments | Compute & Networking        
Segment Reporting Information [Line Items]        
Revenue 50,908 31,036 131,828 80,157
Other segment items 15,187 8,955 45,689 22,180
Operating income (loss) 35,721 22,081 86,139 57,977
Operating Segments | Graphics        
Segment Reporting Information [Line Items]        
Revenue 6,098 4,046 15,983 11,009
Other segment items 3,552 2,544 9,555 6,898
Operating income (loss) $ 2,546 $ 1,502 $ 6,428 $ 4,111
v3.25.3
Segment Information - Schedule of Reconciling Items (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Segment Reporting Information [Line Items]        
Operating income (loss) $ 36,010 $ 21,869 $ 86,088 $ 57,419
Stock-based compensation expense (1,655) (1,252) (4,753) (3,416)
Interest income 624 472 1,732 1,275
Interest expense (61) (61) (186) (186)
Other income, net 1,363 36 3,418 301
Income before income tax 37,936 22,316 91,052 58,809
Operating Segments        
Segment Reporting Information [Line Items]        
Operating income (loss) 38,267 23,583 92,567 62,088
All Other        
Segment Reporting Information [Line Items]        
Stock-based compensation expense (1,655) (1,252) (4,753) (3,416)
Unallocated operating expenses (515) (307) (1,375) (816)
Acquisition-related and other costs (87) (155) (351) (437)
Interest income 624 472 1,732 1,275
Interest expense (61) (61) (186) (186)
Other income, net $ 1,363 $ 36 $ 3,418 $ 301
v3.25.3
Segment Information - Schedule of Revenue by Geographic Regions (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Revenues        
Revenue $ 57,006 $ 35,082 $ 147,811 $ 91,166
United States        
Revenues        
Revenue 39,177 19,620 97,759 53,873
Taiwan        
Revenues        
Revenue 13,751 6,188 $ 30,301 17,364
Taiwan | Revenue | Customer Concentration Risk | United States and Europe-based end customer        
Revenues        
Concentration risk (as percent)     86.00%  
China (including Hong Kong)        
Revenues        
Revenue 2,973 8,142 $ 16,617 17,230
Other        
Revenues        
Revenue $ 1,105 $ 1,132 $ 3,134 $ 2,699
Non-US | Revenue | Customer Concentration Risk        
Revenues        
Concentration risk (as percent) 31.00% 44.00% 34.00% 41.00%
v3.25.3
Segment Information - Concentration Risk (Details) - Compute & Networking - Revenue - Customer Concentration Risk
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Customer A        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent) 22.00%      
Customer B        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent) 15.00%      
Customer C        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent) 13.00%      
Customer D        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent) 11.00%      
Customer 1        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)     21.00%  
Customer 2        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)     13.00%  
Customer 3        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)   12.00%    
Customer 4        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)   12.00%    
Customer 5        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)   12.00%    
Customer 6        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)       12.00%
Customer 7        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)       11.00%
Customer 8        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)       11.00%
v3.25.3
Segment Information - Schedule of Revenue by Market (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Revenue from External Customer [Line Items]        
Revenue $ 57,006 $ 35,082 $ 147,811 $ 91,166
Data Center        
Revenue from External Customer [Line Items]        
Revenue 51,215 30,771 131,423 79,606
Compute        
Revenue from External Customer [Line Items]        
Revenue 43,028 27,644 111,027 69,640
Networking        
Revenue from External Customer [Line Items]        
Revenue 8,187 3,127 20,396 9,966
Gaming        
Revenue from External Customer [Line Items]        
Revenue 4,265 3,279 12,315 8,806
Professional Visualization        
Revenue from External Customer [Line Items]        
Revenue 760 486 1,870 1,367
Automotive        
Revenue from External Customer [Line Items]        
Revenue 592 449 1,745 1,124
OEM and Other        
Revenue from External Customer [Line Items]        
Revenue $ 174 $ 97 $ 458 $ 263
v3.25.3
Leases - Schedule of Future Minimum Lease Obligations (Details) - USD ($)
$ in Millions
Oct. 26, 2025
Jan. 26, 2025
Leases [Abstract]    
2026 (excluding the first nine months of fiscal year 2026) $ 118  
2027 431  
2028 413  
2029 384  
2030 308  
2031 and thereafter 1,200  
Total 2,854  
Less imputed interest 499  
Present value of net future minimum lease payments 2,355  
Less short-term operating lease liabilities 341  
Long-term operating lease liabilities $ 2,014 $ 1,519
v3.25.3
Leases - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Oct. 26, 2025
Oct. 27, 2024
Jan. 26, 2025
Lessee, Lease, Description [Line Items]          
Operating lease expense $ 122 $ 92 $ 332 $ 258  
Weighted average remaining lease term - operating leases (in years) 8 years   8 years   6 years 6 months
Weighted average discount rate - operating leases (percent) 4.43%   4.43%   4.16%
Leases Not yet Commenced          
Lessee, Lease, Description [Line Items]          
Operating lease, not yet commenced, amount $ 7,500   $ 7,500    
Minimum          
Lessee, Lease, Description [Line Items]          
Lease not yet commenced, term of contract (in years) 1 year 6 months   1 year 6 months    
Maximum          
Lessee, Lease, Description [Line Items]          
Lease not yet commenced, term of contract (in years) 15 years   15 years    
v3.25.3
Leases - Schedule of Other Lease Information (Details) - USD ($)
$ in Millions
9 Months Ended
Oct. 26, 2025
Oct. 27, 2024
Supplemental disclosure of cash flow information:    
Operating cash flow used for operating leases $ 301 $ 227
Operating lease assets obtained in exchange for lease obligations $ 752 $ 679