NVIDIA CORP, 10-Q filed on 5/28/2025
Quarterly Report
v3.25.1
Cover - shares
shares in Billions
 3 Months Ended
Apr. 27, 2025
May 23, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Apr. 27, 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, $0.001 par value per share  
Trading Symbol NVDA  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   24.4
Entity Central Index Key 0001045810  
Current Fiscal Year End Date --01-25  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
Amendment Flag false  
v3.25.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Income Statement [Abstract]    
Revenue $ 44,062 $ 26,044
Cost of revenue 17,394 5,638
Gross profit 26,668 20,406
Operating expenses    
Research and development 3,989 2,720
Sales, general and administrative 1,041 777
Total operating expenses 5,030 3,497
Operating income 21,638 16,909
Interest income 515 359
Interest expense (63) (64)
Other income (expense), net (180) 75
Total other income (expense), net 272 370
Income before income tax 21,910 17,279
Income tax expense 3,135 2,398
Net income $ 18,775 $ 14,881
Net income per share:    
Basic (in dollars per share) $ 0.77 $ 0.60
Diluted (in dollars per share) $ 0.76 $ 0.60
Weighted average shares used in per share computation:    
Basic (in shares) 24,441 24,620
Diluted (in shares) 24,611 24,890
v3.25.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Statement of Comprehensive Income [Abstract]    
Net income $ 18,775 $ 14,881
Available-for-sale securities:    
Net change in unrealized gain (loss) 139 (128)
Cash flow hedges:    
Net change in unrealized gain (loss) 23 (4)
Reclassification adjustments for net realized loss included in net income (4) (4)
Net change in unrealized gain (loss) 19 (8)
Other comprehensive income (loss), net of tax 158 (136)
Total comprehensive income $ 18,933 $ 14,745
v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 27, 2025
Jan. 26, 2025
Current assets:    
Cash and cash equivalents $ 15,234 $ 8,589
Marketable securities 38,457 34,621
Accounts receivable, net 22,132 23,065
Inventories 11,333 10,080
Prepaid expenses and other current assets 2,779 3,771
Total current assets 89,935 80,126
Property and equipment, net 7,136 6,283
Operating lease assets 1,810 1,793
Goodwill 5,498 5,188
Intangible assets, net 769 807
Deferred income tax assets 13,318 10,979
Other assets 6,788 6,425
Total assets 125,254 111,601
Current liabilities:    
Accounts payable 7,331 6,310
Accrued and other current liabilities 19,211 11,737
Total current liabilities 26,542 18,047
Long-term debt 8,464 8,463
Long-term operating lease liabilities 1,521 1,519
Other long-term liabilities 4,884 4,245
Total liabilities 41,411 32,274
Commitments and contingencies - see Note 11
Shareholders’ equity:    
Preferred stock 0 0
Common stock 24 24
Additional paid-in capital 11,475 11,237
Accumulated other comprehensive income 186 28
Retained earnings 72,158 68,038
Total shareholders' equity 83,843 79,327
Total liabilities and shareholders' equity $ 125,254 $ 111,601
v3.25.1
Condensed Consolidated Statements of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock Outstanding
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Beginning balance, common stock outstanding (in shares) at Jan. 28, 2024   24,643      
Beginning balances, shareholders' equity at Jan. 28, 2024 $ 42,978 $ 25 $ 13,109 $ 27 $ 29,817
Increase (Decrease) in Shareholders' Equity          
Net income 14,881       14,881
Other comprehensive income (loss) (136)     (136)  
Issuance of common stock from stock plans (in shares)   73      
Issuance of common stock from stock plans  285   285    
Tax withholding related to common stock from stock plans (in shares)   (19)      
Tax withholding related to common stock from stock plans $ (1,752)   (1,752)    
Shares repurchased (in shares) (99) (99)      
Shares repurchased $ (8,035)   (33)   (8,002)
Cash dividends declared and paid (98)       (98)
Stock-based compensation 1,019   1,019    
Ending balance, common stock outstanding (in shares) at Apr. 28, 2024   24,598      
Ending balances, shareholders' equity at Apr. 28, 2024 49,142 $ 25 12,628 (109) 36,598
Beginning balance, common stock outstanding (in shares) at Jan. 26, 2025   24,477      
Beginning balances, shareholders' equity at Jan. 26, 2025 79,327 $ 24 11,237 28 68,038
Increase (Decrease) in Shareholders' Equity          
Net income 18,775       18,775
Other comprehensive income (loss) 158     158  
Issuance of common stock from stock plans (in shares)   50      
Issuance of common stock from stock plans  370   370    
Tax withholding related to common stock from stock plans (in shares)   (13)      
Tax withholding related to common stock from stock plans $ (1,532)   (1,532)    
Shares repurchased (in shares) (126) (126)      
Shares repurchased $ (14,503)   (92)   (14,411)
Cash dividends declared and paid (244)       (244)
Fair value of partially vested equity awards assumed in connection with acquisitions 22   22    
Stock-based compensation 1,470   1,470    
Ending balance, common stock outstanding (in shares) at Apr. 27, 2025   24,388      
Ending balances, shareholders' equity at Apr. 27, 2025 $ 83,843 $ 24 $ 11,475 $ 186 $ 72,158
v3.25.1
Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Statement of Stockholders' Equity [Abstract]    
Common stock, dividends per share, declared and paid (in dollars per share) $ 0.01 $ 0.004
v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Cash flows from operating activities:    
Net income $ 18,775 $ 14,881
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 1,474 1,011
Depreciation and amortization 611 410
(Gains) losses on non-marketable equity securities and publicly-held equity securities, net 175 (69)
Deferred income taxes (2,177) (1,577)
Other (98) (145)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 933 (2,366)
Inventories (1,258) (577)
Prepaid expenses and other assets 560 (726)
Accounts payable 941 (22)
Accrued and other current liabilities 7,128 4,202
Other long-term liabilities 350 323
Net cash provided by operating activities 27,414 15,345
Cash flows from investing activities:    
Proceeds from maturities of marketable securities 3,122 4,004
Proceeds from sales of marketable securities 467 149
Proceeds from sales of non-marketable equity securities 0 55
Purchases of marketable securities (6,546) (9,303)
Purchases related to property and equipment and intangible assets (1,227) (369)
Purchases of non-marketable equity securities (649) (190)
Acquisitions, net of cash acquired (383) (39)
Net cash used in investing activities (5,216) (5,693)
Cash flows from financing activities:    
Proceeds related to employee stock plans 370 285
Payments related to repurchases of common stock (14,095) (7,740)
Payments related to employee stock plan taxes (1,532) (1,752)
Dividends paid (244) (98)
Principal payments on property and equipment and intangible assets (52) (40)
Net cash used in financing activities (15,553) (9,345)
Change in cash and cash equivalents 6,645 307
Cash and cash equivalents at beginning of period 8,589 7,280
Cash and cash equivalents at end of period $ 15,234 $ 7,587
v3.25.1
Summary of Significant Accounting Policies
 3 Months Ended
Apr. 27, 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.
In June 2024, we executed a ten-for-one stock split of our common stock. All share, equity award and per share amounts presented herein have been retrospectively adjusted to reflect the stock split.
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 first 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 will adopt this standard in our fiscal year 2026 annual report. We are currently assessing the effect of the adoption of this standard on our disclosures that will be included in our Form 10-K for the year ending January 25, 2026.
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 our 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.
v3.25.1
Stock-Based Compensation
 3 Months Ended
Apr. 27, 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 Ended
 Apr 27, 2025Apr 28, 2024
(In millions)
Cost of revenue$64 $36 
Research and development1,063 727 
Sales, general and administrative347 248 
Total$1,474 $1,011 
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 
Granted44 $106.43 
Vested(39)$32.98 
Canceled and forfeited(2)$48.26 
Balance as of Apr 27, 2025
277 $56.32 
As of April 27, 2025, aggregate unearned stock-based compensation expense was $15.3 billion, which is expected to be recognized over a weighted average period of 2.3 years for RSUs, PSUs, and market-based PSUs, and 1.1 years for ESPP.
v3.25.1
Net Income Per Share
 3 Months Ended
Apr. 27, 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 Ended
Apr 27, 2025Apr 28, 2024
 (In millions, except per share data)
Numerator:  
Net income$18,775 $14,881 
Denominator:
Basic weighted average shares24,441 24,620 
Dilutive impact of outstanding equity awards170 270 
Diluted weighted average shares24,611 24,890 
Net income per share:
Basic (1)$0.77 $0.60 
Diluted (2)$0.76 $0.60 
Anti-dilutive equity awards excluded from diluted net income per share62 60 
(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.
v3.25.1
Income Taxes
 3 Months Ended
Apr. 27, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income tax expense was $3.1 billion and $2.4 billion for the first quarter of fiscal years 2026 and 2025, respectively. Income tax as a percentage of income before income tax was an expense of 14.3% and 13.9% for the first quarter of fiscal years 2026 and 2025, respectively.
The effective tax rate increased primarily due to a lower tax benefit from stock-based compensation, partially offset by an increase in tax benefit from the foreign-derived intangible income deduction.
Our effective tax rates for the first quarter of fiscal years 2026 and 2025 were lower than the U.S. federal statutory rate of 21% primarily due to tax benefits from the foreign-derived intangible income deduction, 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.
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.
v3.25.1
Cash Equivalents and Marketable Securities
 3 Months Ended
Apr. 27, 2025
Investments, Debt and Equity Securities [Abstract]  
Cash Equivalents and Marketable Securities Cash Equivalents and Marketable Securities
The following is a summary of cash equivalents and marketable securities:
 Apr 27, 2025
Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Debt securities issued by the U.S. Treasury$23,135 $120 $(4)$23,251 $5,414 $17,837 
Corporate debt securities19,976 85 (10)20,051 2,868 17,183 
Money market funds6,522 — — 6,522 6,522 — 
Debt securities issued by U.S. government agencies2,134 12 (1)2,145 — 2,145 
Certificates of deposit126 — — 126 126 — 
Foreign government bonds
40 1 — 41 — 41 
Total debt securities with fair value adjustments recorded in other comprehensive income51,933 218 (15)52,136 14,930 37,206 
Publicly-held equity securities (1)1,251 — 1,251 
Total$51,933 $218 $(15)$53,387 $14,930 $38,457 
(1)    The balance as of the first quarter of fiscal year 2026 includes an investment in CoreWeave, Inc., or CoreWeave, which was reclassified from non-marketable equity securities to marketable securities following public market trading. The fair value of the investment as of April 27, 2025 was $1 billion and is subject to a short-term restriction on the ability to sell.
Net unrealized losses on investments in publicly-held equity securities held at period end were $222 million for the first quarter of fiscal year 2026. Net unrealized gains on investments in publicly-held equity securities held at period end were not significant for the first quarter of fiscal year 2025.
 Jan 26, 2025
Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Corporate debt securities$18,504 $51 $(29)$18,526 $2,071 $16,455 
Debt securities issued by the U.S. Treasury16,749 42 (22)16,769 1,801 14,968 
Money market funds3,760 — — 3,760 3,760 — 
Debt securities issued by U.S. government agencies2,775 7 (5)2,777 — 2,777 
Foreign government bonds177 — — 177 137 40 
Certificates of deposit97 — — 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
381 — 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:
Apr 27, 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$6,854 $(4)$6,315 $(22)
Corporate debt securities2,775 (10)5,291 (29)
Debt securities issued by U.S. government agencies321 (1)816 (5)
Total$9,950 $(15)$12,422 $(56)
Gross unrealized losses related to debt securities in a continuous loss position of twelve months or greater of $66 million and $213 million as of April 27, 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 amortized cost and estimated fair value of debt securities included in cash equivalents and marketable securities are shown below by contractual maturity.
Apr 27, 2025Jan 26, 2025
Amortized CostEstimated Fair ValueAmortized CostEstimated Fair Value
(In millions)
Less than one year$25,756 $25,781 $18,426 $18,450 
Due in 1 - 5 years26,177 26,355 23,636 23,656 
Total$51,933 $52,136 $42,062 $42,106 
v3.25.1
Fair Value of Financial Assets and Non-marketable Equity Securities
 3 Months Ended
Apr. 27, 2025
Fair Value Disclosures [Abstract]  
Fair Value of Financial Assets and Non-marketable Equity Securities Fair Value of Financial Assets and Non-marketable Equity 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.
Pricing CategoryFair Value at
Apr 27, 2025Jan 26, 2025
(In millions)
Assets
Cash equivalents and marketable securities:
Money market fundsLevel 1$6,522 $3,760 
Publicly-held equity securitiesLevel 1$1,251 $381 
Debt securities issued by the U.S. TreasuryLevel 2$23,251 $16,769 
Corporate debt securitiesLevel 2$20,051 $18,526 
Debt securities issued by U.S. government agenciesLevel 2$2,145 $2,777 
Certificates of depositLevel 2$126 $97 
Foreign government bondsLevel 2$41 $177 
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 (expense), net on our Condensed Consolidated Statements of Income.
Adjustments to the carrying value of our non-marketable equity securities during the first quarter of fiscal years 2026 and 2025 were as follows:
Three Months Ended
Apr 27, 2025Apr 28, 2024
(In millions)
Balance at beginning of period$3,387 $1,321 
Adjustments related to non-marketable equity securities:
Net additions649 127 
Unrealized gains63 15 
Reclassification (1)
(843)— 
Impairments and unrealized losses(16)— 
Balance at end of period$3,240 $1,463 
(1)    In the first quarter of fiscal year 2026, our investment in CoreWeave was reclassified from non-marketable equity securities to marketable securities following public market trading.
Non-marketable equity securities had cumulative gross unrealized gains of $396 million and $285 million, and cumulative gross unrealized losses and impairments of $110 million and $45 million on securities held as of April 27, 2025 and April 28, 2024, respectively.
v3.25.1
Amortizable Intangible Assets and Goodwill
 3 Months Ended
Apr. 27, 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:
 Apr 27, 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$3,008 $(2,416)$592 $2,900 $(2,264)$636 
Patents and licensed technology459 (282)177 449 (278)171 
Total intangible assets$3,467 $(2,698)$769 $3,349 $(2,542)$807 
Amortization expense associated with intangible assets was $159 million and $143 million for the first quarter 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 April 27, 2025:
Future Amortization Expense
 (In millions)
Fiscal Year: 
2026 (excluding the first quarter of fiscal year 2026)
$229 
2027276 
2028123 
202938 
203011 
2031 and thereafter92 
Total$769 
In the first quarter of fiscal year 2026, goodwill increased by $310 million from acquisitions and was allocated to our Compute & Networking reporting unit.
v3.25.1
Balance Sheet Components
 3 Months Ended
Apr. 27, 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, and system integrators. We have certain customers that may purchase products directly from NVIDIA and may use either internal resources or third-party system integrators to complete their build. Three direct customers accounted for 27%, 18% and 12% of our accounts receivable balance as of April 27, 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:
 Apr 27, 2025Jan 26, 2025
Inventories:(In millions)
Raw materials$2,525 $3,408 
Work in process5,339 3,399 
Finished goods3,469 3,273 
Total inventories (1)$11,333 $10,080 
(1)    We recorded an inventory provision of $2.3 billion in cost of revenue, including $1.9 billion for H20 product inventory for the first quarter of fiscal year 2026. The $1.9 billion inventory provision for H20 product inventory is part of the overall $4.5 billion charge associated with H20 product excess inventory and purchase obligations; the remaining portion is included in excess inventory purchase obligation liabilities. We recorded an inventory provision of $210 million in cost of revenue for the first quarter of fiscal year 2025.
Property and Equipment:
Property, equipment and intangible assets acquired by assuming related liabilities for the first quarter of fiscal years 2026 and 2025 were $408 million and $147 million, respectively.
 Apr 27, 2025Jan 26, 2025
Other Assets (Long Term):(In millions)
Non-marketable equity securities$3,240 $3,387 
Prepaid supply and capacity agreements (1)2,079 1,747 
Income tax receivable895 750 
Prepaid royalties334 340 
Other240 201 
Total other assets$6,788 $6,425 
(1)    Prepaid supply and capacity agreements of $2.1 billion and $3.3 billion were included in Prepaid expenses and other current assets as of April 27, 2025 and January 26, 2025, respectively.
 Apr 27, 2025Jan 26, 2025
Accrued and Other Current Liabilities:(In millions)
Taxes payable$5,672 $881 
Excess inventory purchase obligations (1)4,310 2,095 
Customer program accruals4,261 4,880 
Product warranty and return provisions2,168 1,373 
Deferred revenue (2)1,074 837 
Accrued payroll and related expenses748 848 
Unsettled share repurchases306 132 
Operating leases300 288 
Licenses and royalties144 175 
Other228 228 
Total accrued and other current liabilities$19,211 $11,737 
(1)    We recorded excess inventory purchase obligation charges of $3.0 billion in cost of revenue, including $2.6 billion for H20 product orders for the first quarter of fiscal year 2026. The $2.6 billion excess inventory purchase obligation charge for H20 product orders is part of the overall $4.5 billion charge associated with H20 product excess inventory and purchase obligations; the remaining portion is included in Inventories. We recorded excess inventory purchase obligation charges of $183 million in cost of revenue for the first quarter of fiscal year 2025.

(2)    Includes customer advances and unearned revenue related to hardware support, software support, cloud services, and license and development arrangements. The balance as of April 27, 2025 and January 26, 2025 included $287 million and $81 million of customer advances, respectively.
 Apr 27, 2025Jan 26, 2025
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$2,509 $2,188 
Deferred income tax1,082 886 
Deferred revenue (2)1,004 976 
Licenses payable112 116 
Other177 79 
Total other long-term liabilities$4,884 $4,245 
(1)    Income tax payable is comprised of unrecognized tax benefits and related interest and penalties.

(2)    Includes unearned revenue related to hardware support, software support and cloud services.
Deferred Revenue
The following table shows the changes in short- and long-term deferred revenue during the first quarter of fiscal years 2026 and 2025:
Three Months Ended
 Apr 27, 2025Apr 28, 2024
(In millions)
Balance at beginning of period$1,813 $1,337 
Deferred revenue additions (1)6,493 553 
Revenue recognized (2)(6,228)(341)
Balance at end of period$2,078 $1,549 
(1)    Deferred revenue additions includes $6.2 billion and $157 million of customer advances for the first quarter of fiscal years 2026 and 2025, respectively.

(2)    Revenue recognized includes $6.0 billion and $123 million related to customer advances for the first quarter of fiscal years 2026 and 2025, respectively.
We recognized revenue of $265 million and $188 million in the first quarter of fiscal years 2026 and 2025, respectively, that were included in the prior year end deferred revenue balance.
As of April 27, 2025, revenue related to remaining performance obligations from contracts greater than one year in length was $1.8 billion, which includes $1.6 billion from deferred revenue and $160 million which has not yet been billed nor recognized as revenue. Approximately 39% of revenue from contracts greater than one year in length will be recognized over the next twelve months.
v3.25.1
Derivative Financial Instruments
 3 Months Ended
Apr. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
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 quarter 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:
 Apr 27, 2025Jan 26, 2025
(In millions)
Designated as accounting hedges$1,477 $1,424 
Not designated as accounting hedges$988 $1,297 
The unrealized gains and losses or fair value of our foreign currency contracts were not significant as of April 27, 2025 and January 26, 2025.
As of April 27, 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.
v3.25.1
Debt
 3 Months Ended
Apr. 27, 2025
Debt Disclosure [Abstract]  
Debt Debt
Long-Term Debt
Expected
Remaining Term (years)		Effective
Interest Rate		Carrying Value at
Apr 27, 2025Jan 26, 2025
(In millions)
3.20% Notes Due 2026
1.43.31%$1,000 $1,000 
1.55% Notes Due 2028
3.11.64%1,250 1,250 
2.85% Notes Due 2030
4.92.93%1,500 1,500 
2.00% Notes Due 2031
6.12.09%1,250 1,250 
3.50% Notes Due 2040
14.93.54%1,000 1,000 
3.50% Notes Due 2050
24.93.54%2,000 2,000 
3.70% Notes Due 2060
35.03.73%500 500 
Unamortized debt discount and issuance costs(36)(37)
Net long-term carrying amount
$8,464 $8,463 
As of April 27, 2025 and January 26, 2025, the estimated fair value of debt was $7.3 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 April 27, 2025, we complied with the required covenants, which are non-financial in nature, under the outstanding notes.
Commercial Paper
We have a $575 million commercial paper program to support general corporate purposes. As of April 27, 2025, we had no commercial paper outstanding.
v3.25.1
Commitments and Contingencies
 3 Months Ended
Apr. 27, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Purchase Obligations
Our purchase obligations reflect our commitment to purchase components used to manufacture our products, including long-term supply and capacity agreements, certain software and technology licenses, other goods and services and long-lived assets.
As of April 27, 2025, we had outstanding inventory purchase and long-term supply and capacity obligations totaling $29.8 billion, an increase from the prior year led by commitments, capacity and components for our Blackwell architecture. 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. Other non-inventory purchase obligations were $13.7 billion, including $10.6 billion of multi-year cloud service agreements. We expect our cloud service agreements to primarily be used to support our research and development efforts, as well as our DGX Cloud offerings.
Total future purchase commitments as of April 27, 2025 are as follows:
Purchase Commitments
 (In millions)
Fiscal Year: 
2026 (excluding the first quarter of fiscal year 2026)
$31,445 
20275,923 
20283,110 
20292,072 
2030752 
2031 and thereafter
218 
Total$43,520 
Accrual for Product Warranty Liabilities
The estimated amount of product warranty liabilities was $2.1 billion and $1.3 billion as of April 27, 2025 and January 26, 2025, respectively. The estimated product returns and product warranty activity consisted of the following:
Three Months Ended
Apr 27, 2025Apr 28, 2024
(In millions)
Balance at beginning of period$1,290 $306 
Additions870 234 
Utilization(80)(8)
Balance at end of period$2,080 $532 
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 February 5, 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 Corporation Securities Litigation action, the district court extended the stay for 30 days while the parties discuss next steps and ordered the parties to file a joint status report by March 7, 2025. On March 7, 2025, 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. This derivative matter is stayed pending the final resolution of In Re NVIDIA Corporation Securities Litigation action.
Accounting for Loss Contingencies
As of April 27, 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 and, while there can be no assurance of favorable outcomes, we believe that the ultimate outcome of these actions will not have a material adverse effect on our operating results, liquidity or financial position.
v3.25.1
Shareholders' Equity
 3 Months Ended
Apr. 27, 2025
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity 
Capital Return Program 
We repurchased 126 million and 99 million shares of our common stock for $14.5 billion and $8.0 billion during the first quarter of fiscal years 2026 and 2025, respectively. As of April 27, 2025, we were authorized, subject to certain specifications, to repurchase up to $24.3 billion of our common stock.
From April 28, 2025 through May 23, 2025, we repurchased 19 million shares for $2.3 billion pursuant to a pre-established trading plan. Our share repurchase program aims to offset dilution from shares issued to employees while maintaining adequate liquidity to meet our operating requirements. We may pursue additional share repurchases as we weigh market factors and other investment opportunities.
We paid cash dividends to our shareholders of $244 million and $98 million during the first quarter 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.
v3.25.1
Segment Information
 3 Months Ended
Apr. 27, 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; 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.
The “All Other” category includes the expenses that 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 and the “All Other” category.
 Compute & NetworkingGraphicsAll OtherConsolidated
 (In millions)
Three Months Ended Apr 27, 2025
    
Revenue$39,589 $4,473 $— $44,062 
Other segment items (1)17,535 2,833 
Operating income (loss)$22,054 $1,640 $(2,056)$21,638 
Three Months Ended Apr 28, 2024
    
Revenue$22,675 $3,369 $— $26,044 
Other segment items (1)5,628 2,128 
Operating income (loss)$17,047 $1,241 $(1,379)$16,909 
(1)    Other segment items for the Compute & Networking and Graphics reportable segments primarily include product costs and inventory provisions, compensation and benefits excluding stock-based compensation expense, compute and infrastructure expenses, and engineering development costs.
Depreciation and amortization expense attributable to our Compute and Networking segment for the first quarter of fiscal years 2026 and 2025 was $296 million and $146 million, respectively. Depreciation and amortization expense attributable to our Graphics segment for the first quarter of fiscal years 2026 and 2025 was $109 million and $86 million, respectively. Acquisition-related intangible amortization expense is not allocated to either Compute & Networking or Graphics for purposes of making operating decisions or assessing financial performance and is included in “All Other”.
Three Months Ended
Apr 27, 2025Apr 28, 2024
(In millions)
Reconciling items included in "All Other" category:
Stock-based compensation expense$(1,474)$(1,011)
Unallocated cost of revenue and operating expenses (419)(229)
Acquisition-related and other costs(160)(140)
Other(3)1 
Total$(2,056)$(1,379)
Revenue by geographic area is based upon the billing location of the customer. The end customer and shipping location may be different from our customer’s billing location.
 Three Months Ended
 Apr 27, 2025Apr 28, 2024
 (In millions)
Geographic Revenue based upon Customer Billing Location:
  
United States$20,739 $13,496 
Singapore (1)9,017 4,037 
Taiwan7,158 4,373 
China (including Hong Kong)5,522 2,491 
Other1,626 1,647 
Total revenue$44,062 $26,044 
(1)    Singapore represented 20% of the first quarter of fiscal year 2026 total revenue based upon customer billing location. Customers use Singapore to centralize invoicing while our products are almost always shipped elsewhere. Over 99% of controlled Data Center compute revenue billed to Singapore was for orders from U.S.-based customers. Controlled Data Center compute refers to the following NVIDIA products, and any others we develop that meet the characteristics of Export Control Classification Numbers 3A090.a or 4A090.a, including but not limited to: A100, A800, H100, H200, H800, B100, B200, GB200, L4, L40S, and RTX 6000 Ada.
Revenue from sales to customers outside of the United States accounted for 53% and 48% of total revenue for the first quarter of fiscal years 2026 and 2025, respectively.
We refer to customers who purchase products directly from NVIDIA as direct customers, such as add-in board manufacturers, distributors, ODMs, OEMs, and system integrators. We have certain customers that may purchase products directly from NVIDIA and may use either internal resources or third-party system integrators to complete their build. We also have indirect customers, who purchase products through our direct customers; indirect customers include cloud service providers, or CSPs, consumer internet companies, enterprises, and public sector entities.
Sales to one direct customer, Customer A, represented 16% of total revenue and sales to a second direct customer, Customer B, represented 14% of total revenue for the first quarter of fiscal year 2026, both of which were attributable to the Compute & Networking segment. Sales to two direct customers represented 11% and 13% of total revenue for the first quarter of fiscal year 2025, both of which were attributable to the Compute & Networking segment.
The following table summarizes revenue by specialized markets:
 Three Months Ended
 Apr 27, 2025Apr 28, 2024
 (In millions)
Revenue by End Market:  
Data Center$39,112 $22,563 
Compute34,155 19,392 
Networking4,957 3,171 
Gaming3,763 2,647 
Professional Visualization509 427 
Automotive567 329 
OEM and Other111 78 
Total revenue$44,062 $26,044 
v3.25.1
Leases
 3 Months Ended
Apr. 27, 2025
Leases [Abstract]  
Leases Leases
Our lease obligations primarily consist of operating leases for our headquarters' campus and domestic and international 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 April 27, 2025 were as follows:
Operating Lease Obligations
 (In millions)
Fiscal Year: 
2026 (excluding the first quarter of fiscal year 2026)
$274 
2027346 
2028349 
2029308 
2030233 
2031 and thereafter
611 
Total2,121 
Less imputed interest300 
Present value of net future minimum lease payments1,821 
Less short-term operating lease liabilities300 
Long-term operating lease liabilities$1,521 
Between the second quarter of fiscal year 2026 and fiscal year 2030, we expect to commence leases with future obligations of $7.4 billion primarily of data center and office operating leases, with lease terms of 2 to 15.5 years.
Operating lease expenses were $101 million and $80 million for the first quarter of fiscal years 2026 and 2025, respectively. Short-term and variable lease expenses for the first quarter of fiscal years 2026 and 2025 were not significant.
Other information related to leases was as follows:
Three Months Ended
Apr 27, 2025Apr 28, 2024
 (In millions)
Supplemental cash flows information 
Operating cash flow used for operating leases$96 $69 
Operating lease assets obtained in exchange for lease obligations$98 $250 
As of April 27, 2025, our operating leases have a weighted average remaining lease term of 6.7 years and a weighted average discount rate of 4.27%. As of January 26, 2025, our operating leases had a weighted average remaining lease term of 6.5 years and a weighted average discount rate of 4.16%.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Pay vs Performance Disclosure    
Net income $ 18,775 $ 14,881
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Apr. 27, 2025
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
NameTitle of Director or OfficerActionDateTotal Shares of Common Stock to be SoldExpiration Date
Colette M. Kress
Executive Vice President and Chief Financial Officer
Adoption
March 4, 2025500,000March 24, 2026
A. Brooke Seawell
Director
Adoption
March 19, 2025
1,153,049*
July 31, 2025
Jen-Hsun Huang
President, Chief Executive Officer and Director
Adoption
March 20, 20256,000,000December 31, 2025
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Colette M. Kress [Member]  
Trading Arrangements, by Individual  
Name Colette M. Kress
Title Executive Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 4, 2025
Expiration Date March 24, 2026
Arrangement Duration 385 days
Aggregate Available 500,000
A. Brooke Seawell [Member]  
Trading Arrangements, by Individual  
Name A. Brooke Seawell
Title Director
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 19, 2025
Expiration Date July 31, 2025
Arrangement Duration 134 days
Aggregate Available 1,153,049
Jen-Hsun Huang [Member]  
Trading Arrangements, by Individual  
Name Jen-Hsun Huang
Title President, Chief Executive Officer and Director
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 20, 2025
Expiration Date December 31, 2025
Arrangement Duration 286 days
Aggregate Available 6,000,000
v3.25.1
Summary of Significant Accounting Policies (Policies)
 3 Months Ended
Apr. 27, 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 first 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 will adopt this standard in our fiscal year 2026 annual report. We are currently assessing the effect of the adoption of this standard on our disclosures that will be included in our Form 10-K for the year ending January 25, 2026.
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 our 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.
v3.25.1
Stock-Based Compensation (Tables)
 3 Months Ended
Apr. 27, 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 Ended
 Apr 27, 2025Apr 28, 2024
(In millions)
Cost of revenue$64 $36 
Research and development1,063 727 
Sales, general and administrative347 248 
Total$1,474 $1,011 
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 
Granted44 $106.43 
Vested(39)$32.98 
Canceled and forfeited(2)$48.26 
Balance as of Apr 27, 2025
277 $56.32 
v3.25.1
Net Income Per Share (Tables)
 3 Months Ended
Apr. 27, 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 Ended
Apr 27, 2025Apr 28, 2024
 (In millions, except per share data)
Numerator:  
Net income$18,775 $14,881 
Denominator:
Basic weighted average shares24,441 24,620 
Dilutive impact of outstanding equity awards170 270 
Diluted weighted average shares24,611 24,890 
Net income per share:
Basic (1)$0.77 $0.60 
Diluted (2)$0.76 $0.60 
Anti-dilutive equity awards excluded from diluted net income per share62 60 
(1)    Net income divided by basic weighted average shares.
(2)    Net income divided by diluted weighted average shares.
v3.25.1
Cash Equivalents and Marketable Securities (Tables)
 3 Months Ended
Apr. 27, 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:
 Apr 27, 2025
Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Debt securities issued by the U.S. Treasury$23,135 $120 $(4)$23,251 $5,414 $17,837 
Corporate debt securities19,976 85 (10)20,051 2,868 17,183 
Money market funds6,522 — — 6,522 6,522 — 
Debt securities issued by U.S. government agencies2,134 12 (1)2,145 — 2,145 
Certificates of deposit126 — — 126 126 — 
Foreign government bonds
40 1 — 41 — 41 
Total debt securities with fair value adjustments recorded in other comprehensive income51,933 218 (15)52,136 14,930 37,206 
Publicly-held equity securities (1)1,251 — 1,251 
Total$51,933 $218 $(15)$53,387 $14,930 $38,457 
(1)    The balance as of the first quarter of fiscal year 2026 includes an investment in CoreWeave, Inc., or CoreWeave, which was reclassified from non-marketable equity securities to marketable securities following public market trading. The fair value of the investment as of April 27, 2025 was $1 billion and is subject to a short-term restriction on the ability to sell.
 Jan 26, 2025
Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Corporate debt securities$18,504 $51 $(29)$18,526 $2,071 $16,455 
Debt securities issued by the U.S. Treasury16,749 42 (22)16,769 1,801 14,968 
Money market funds3,760 — — 3,760 3,760 — 
Debt securities issued by U.S. government agencies2,775 7 (5)2,777 — 2,777 
Foreign government bonds177 — — 177 137 40 
Certificates of deposit97 — — 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
381 — 381 
Total$42,062 $100 $(56)$42,487 $7,866 $34,621 
The amortized cost and estimated fair value of debt securities included in cash equivalents and marketable securities are shown below by contractual maturity.
Apr 27, 2025Jan 26, 2025
Amortized CostEstimated Fair ValueAmortized CostEstimated Fair Value
(In millions)
Less than one year$25,756 $25,781 $18,426 $18,450 
Due in 1 - 5 years26,177 26,355 23,636 23,656 
Total$51,933 $52,136 $42,062 $42,106 
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:
Apr 27, 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$6,854 $(4)$6,315 $(22)
Corporate debt securities2,775 (10)5,291 (29)
Debt securities issued by U.S. government agencies321 (1)816 (5)
Total$9,950 $(15)$12,422 $(56)
v3.25.1
Fair Value of Financial Assets and Non-marketable Equity Securities (Tables)
 3 Months Ended
Apr. 27, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets and Liabilities
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.
Pricing CategoryFair Value at
Apr 27, 2025Jan 26, 2025
(In millions)
Assets
Cash equivalents and marketable securities:
Money market fundsLevel 1$6,522 $3,760 
Publicly-held equity securitiesLevel 1$1,251 $381 
Debt securities issued by the U.S. TreasuryLevel 2$23,251 $16,769 
Corporate debt securitiesLevel 2$20,051 $18,526 
Debt securities issued by U.S. government agenciesLevel 2$2,145 $2,777 
Certificates of depositLevel 2$126 $97 
Foreign government bondsLevel 2$41 $177 
Schedule of Equity Securities without Readily Determinable Fair Value
Adjustments to the carrying value of our non-marketable equity securities during the first quarter of fiscal years 2026 and 2025 were as follows:
Three Months Ended
Apr 27, 2025Apr 28, 2024
(In millions)
Balance at beginning of period$3,387 $1,321 
Adjustments related to non-marketable equity securities:
Net additions649 127 
Unrealized gains63 15 
Reclassification (1)
(843)— 
Impairments and unrealized losses(16)— 
Balance at end of period$3,240 $1,463 
(1)    In the first quarter of fiscal year 2026, our investment in CoreWeave was reclassified from non-marketable equity securities to marketable securities following public market trading.
v3.25.1
Amortizable Intangible Assets and Goodwill (Tables)
 3 Months Ended
Apr. 27, 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:
 Apr 27, 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$3,008 $(2,416)$592 $2,900 $(2,264)$636 
Patents and licensed technology459 (282)177 449 (278)171 
Total intangible assets$3,467 $(2,698)$769 $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 April 27, 2025:
Future Amortization Expense
 (In millions)
Fiscal Year: 
2026 (excluding the first quarter of fiscal year 2026)
$229 
2027276 
2028123 
202938 
203011 
2031 and thereafter92 
Total$769 
v3.25.1
Balance Sheet Components (Tables)
 3 Months Ended
Apr. 27, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Certain balance sheet components are as follows:
 Apr 27, 2025Jan 26, 2025
Inventories:(In millions)
Raw materials$2,525 $3,408 
Work in process5,339 3,399 
Finished goods3,469 3,273 
Total inventories (1)$11,333 $10,080 
(1)    We recorded an inventory provision of $2.3 billion in cost of revenue, including $1.9 billion for H20 product inventory for the first quarter of fiscal year 2026. The $1.9 billion inventory provision for H20 product inventory is part of the overall $4.5 billion charge associated with H20 product excess inventory and purchase obligations; the remaining portion is included in excess inventory purchase obligation liabilities. We recorded an inventory provision of $210 million in cost of revenue for the first quarter of fiscal year 2025.
Schedule of Other Assets
 Apr 27, 2025Jan 26, 2025
Other Assets (Long Term):(In millions)
Non-marketable equity securities$3,240 $3,387 
Prepaid supply and capacity agreements (1)2,079 1,747 
Income tax receivable895 750 
Prepaid royalties334 340 
Other240 201 
Total other assets$6,788 $6,425 
(1)    Prepaid supply and capacity agreements of $2.1 billion and $3.3 billion were included in Prepaid expenses and other current assets as of April 27, 2025 and January 26, 2025, respectively.
Schedule of Accrued and Other Current Liabilities
 Apr 27, 2025Jan 26, 2025
Accrued and Other Current Liabilities:(In millions)
Taxes payable$5,672 $881 
Excess inventory purchase obligations (1)4,310 2,095 
Customer program accruals4,261 4,880 
Product warranty and return provisions2,168 1,373 
Deferred revenue (2)1,074 837 
Accrued payroll and related expenses748 848 
Unsettled share repurchases306 132 
Operating leases300 288 
Licenses and royalties144 175 
Other228 228 
Total accrued and other current liabilities$19,211 $11,737 
(1)    We recorded excess inventory purchase obligation charges of $3.0 billion in cost of revenue, including $2.6 billion for H20 product orders for the first quarter of fiscal year 2026. The $2.6 billion excess inventory purchase obligation charge for H20 product orders is part of the overall $4.5 billion charge associated with H20 product excess inventory and purchase obligations; the remaining portion is included in Inventories. We recorded excess inventory purchase obligation charges of $183 million in cost of revenue for the first quarter of fiscal year 2025.

(2)    Includes customer advances and unearned revenue related to hardware support, software support, cloud services, and license and development arrangements. The balance as of April 27, 2025 and January 26, 2025 included $287 million and $81 million of customer advances, respectively.
Schedule of Other Long-term Liabilities
 Apr 27, 2025Jan 26, 2025
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$2,509 $2,188 
Deferred income tax1,082 886 
Deferred revenue (2)1,004 976 
Licenses payable112 116 
Other177 79 
Total other long-term liabilities$4,884 $4,245 
(1)    Income tax payable is comprised of unrecognized tax benefits and related interest and penalties.

(2)    Includes unearned revenue related to hardware support, 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 quarter of fiscal years 2026 and 2025:
Three Months Ended
 Apr 27, 2025Apr 28, 2024
(In millions)
Balance at beginning of period$1,813 $1,337 
Deferred revenue additions (1)6,493 553 
Revenue recognized (2)(6,228)(341)
Balance at end of period$2,078 $1,549 
(1)    Deferred revenue additions includes $6.2 billion and $157 million of customer advances for the first quarter of fiscal years 2026 and 2025, respectively.

(2)    Revenue recognized includes $6.0 billion and $123 million related to customer advances for the first quarter of fiscal years 2026 and 2025, respectively.
v3.25.1
Derivative Financial Instruments (Tables)
 3 Months Ended
Apr. 27, 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:
 Apr 27, 2025Jan 26, 2025
(In millions)
Designated as accounting hedges$1,477 $1,424 
Not designated as accounting hedges$988 $1,297 
v3.25.1
Debt (Tables)
 3 Months Ended
Apr. 27, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Expected
Remaining Term (years)		Effective
Interest Rate		Carrying Value at
Apr 27, 2025Jan 26, 2025
(In millions)
3.20% Notes Due 2026
1.43.31%$1,000 $1,000 
1.55% Notes Due 2028
3.11.64%1,250 1,250 
2.85% Notes Due 2030
4.92.93%1,500 1,500 
2.00% Notes Due 2031
6.12.09%1,250 1,250 
3.50% Notes Due 2040
14.93.54%1,000 1,000 
3.50% Notes Due 2050
24.93.54%2,000 2,000 
3.70% Notes Due 2060
35.03.73%500 500 
Unamortized debt discount and issuance costs(36)(37)
Net long-term carrying amount
$8,464 $8,463 
v3.25.1
Commitments and Contingencies (Tables)
 3 Months Ended
Apr. 27, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Purchase Obligation, Fiscal Year Maturity
Total future purchase commitments as of April 27, 2025 are as follows:
Purchase Commitments
 (In millions)
Fiscal Year: 
2026 (excluding the first quarter of fiscal year 2026)
$31,445 
20275,923 
20283,110 
20292,072 
2030752 
2031 and thereafter
218 
Total$43,520 
Schedule of Product Warranty Activity The estimated product returns and product warranty activity consisted of the following:
Three Months Ended
Apr 27, 2025Apr 28, 2024
(In millions)
Balance at beginning of period$1,290 $306 
Additions870 234 
Utilization(80)(8)
Balance at end of period$2,080 $532 
v3.25.1
Segment Information (Tables)
 3 Months Ended
Apr. 27, 2025
Segment Reporting [Abstract]  
Schedule of Reportable Segments The table below presents details of our reportable segments and the “All Other” category.
 Compute & NetworkingGraphicsAll OtherConsolidated
 (In millions)
Three Months Ended Apr 27, 2025
    
Revenue$39,589 $4,473 $— $44,062 
Other segment items (1)17,535 2,833 
Operating income (loss)$22,054 $1,640 $(2,056)$21,638 
Three Months Ended Apr 28, 2024
    
Revenue$22,675 $3,369 $— $26,044 
Other segment items (1)5,628 2,128 
Operating income (loss)$17,047 $1,241 $(1,379)$16,909 
(1)    Other segment items for the Compute & Networking and Graphics reportable segments primarily include product costs and inventory provisions, compensation and benefits excluding stock-based compensation expense, compute and infrastructure expenses, and engineering development costs.
Three Months Ended
Apr 27, 2025Apr 28, 2024
(In millions)
Reconciling items included in "All Other" category:
Stock-based compensation expense$(1,474)$(1,011)
Unallocated cost of revenue and operating expenses (419)(229)
Acquisition-related and other costs(160)(140)
Other(3)1 
Total$(2,056)$(1,379)
Schedule of Revenue by Geographic Regions
Revenue by geographic area is based upon the billing location of the customer. The end customer and shipping location may be different from our customer’s billing location.
 Three Months Ended
 Apr 27, 2025Apr 28, 2024
 (In millions)
Geographic Revenue based upon Customer Billing Location:
  
United States$20,739 $13,496 
Singapore (1)9,017 4,037 
Taiwan7,158 4,373 
China (including Hong Kong)5,522 2,491 
Other1,626 1,647 
Total revenue$44,062 $26,044 
(1)    Singapore represented 20% of the first quarter of fiscal year 2026 total revenue based upon customer billing location. Customers use Singapore to centralize invoicing while our products are almost always shipped elsewhere. Over 99% of controlled Data Center compute revenue billed to Singapore was for orders from U.S.-based customers. Controlled Data Center compute refers to the following NVIDIA products, and any others we develop that meet the characteristics of Export Control Classification Numbers 3A090.a or 4A090.a, including but not limited to: A100, A800, H100, H200, H800, B100, B200, GB200, L4, L40S, and RTX 6000 Ada.
Schedule of Revenue by Specialized Markets
The following table summarizes revenue by specialized markets:
 Three Months Ended
 Apr 27, 2025Apr 28, 2024
 (In millions)
Revenue by End Market:  
Data Center$39,112 $22,563 
Compute34,155 19,392 
Networking4,957 3,171 
Gaming3,763 2,647 
Professional Visualization509 427 
Automotive567 329 
OEM and Other111 78 
Total revenue$44,062 $26,044 
v3.25.1
Leases (Tables)
 3 Months Ended
Apr. 27, 2025
Leases [Abstract]  
Schedule of Future Minimum Lease Obligations
Future minimum lease obligations under our non-cancelable lease agreements as of April 27, 2025 were as follows:
Operating Lease Obligations
 (In millions)
Fiscal Year: 
2026 (excluding the first quarter of fiscal year 2026)
$274 
2027346 
2028349 
2029308 
2030233 
2031 and thereafter
611 
Total2,121 
Less imputed interest300 
Present value of net future minimum lease payments1,821 
Less short-term operating lease liabilities300 
Long-term operating lease liabilities$1,521 
Schedule of Other Information Related to Leases
Other information related to leases was as follows:
Three Months Ended
Apr 27, 2025Apr 28, 2024
 (In millions)
Supplemental cash flows information 
Operating cash flow used for operating leases$96 $69 
Operating lease assets obtained in exchange for lease obligations$98 $250 
v3.25.1
Summary of Significant Accounting Policies (Details)
 1 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Stock split ratio 10
v3.25.1
Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Share-based Compensation    
Stock-based compensation expense $ 1,474 $ 1,011
Cost of revenue    
Share-based Compensation    
Stock-based compensation expense 64 36
Research and development    
Share-based Compensation    
Stock-based compensation expense 1,063 727
Sales, general and administrative    
Share-based Compensation    
Stock-based compensation expense $ 347 $ 248
v3.25.1
Stock-Based Compensation - Schedule of Equity Awards (Details) - RSUs, PSUs, and Market-based PSUs
shares in Millions
 3 Months Ended
Apr. 27, 2025
$ / shares
shares
Number of Shares  
Outstanding, beginning balance (in shares) | shares 274
Granted (in shares) | shares 44
Vested (in shares) | shares (39)
Canceled and forfeited (in shares) | shares (2)
Outstanding, ending balance (in shares) | shares 277
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 106.43
Weighted average grant date fair value, Vested (in dollars per share) | $ / shares 32.98
Weighted average grant date fair value, canceled and forfeited (in dollars per share) | $ / shares 48.26
Weighted average grant date fair value, ending balance (in dollars per share) | $ / shares $ 56.32
v3.25.1
Stock-Based Compensation - Narrative (Details)
$ in Billions
 3 Months Ended
Apr. 27, 2025
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unearned stock-based compensation expense $ 15.3
RSUs, PSUs, and Market-based PSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Estimated weighted average amortization period 2 years 3 months 18 days
Employee Stock Purchase Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Estimated weighted average amortization period 1 year 1 month 6 days
v3.25.1
Net Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Numerator:    
Net income $ 18,775 $ 14,881
Denominator:    
Basic weighted average shares (in shares) 24,441 24,620
Dilutive impact of outstanding equity awards (in shares) 170 270
Diluted weighted average shares (in shares) 24,611 24,890
Net income per share:    
Basic (in dollars per share) $ 0.77 $ 0.60
Diluted (in dollars per share) $ 0.76 $ 0.60
Anti-dilutive equity awards excluded from diluted net income per share (in shares) 62 60
v3.25.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Income Tax Disclosure [Abstract]    
Income tax expense $ 3,135 $ 2,398
Tax expense (benefit) as a percentage of income before income tax (percent) 14.30% 13.90%
v3.25.1
Cash Equivalents and Marketable Securities - Schedule of Securities (Details) - USD ($)
$ in Millions
Apr. 27, 2025
Jan. 26, 2025
Summary of cash equivalents and marketable securities:    
Amortized Cost $ 51,933 $ 42,062
Unrealized Gain 218 100
Unrealized Loss (15) (56)
Estimated Fair Value 52,136 42,106
Cash Equivalents 14,930 7,866
Estimated Fair Value, Total 53,387 42,487
Marketable securities, total 38,457 34,621
Total debt securities with fair value adjustments recorded in other comprehensive income    
Summary of cash equivalents and marketable securities:    
Amortized Cost 51,933 42,062
Unrealized Gain 218 100
Unrealized Loss (15) (56)
Estimated Fair Value 52,136 42,106
Cash Equivalents 14,930 7,866
Marketable Securities 37,206 34,240
Debt securities issued by the U.S. Treasury    
Summary of cash equivalents and marketable securities:    
Amortized Cost 23,135 16,749
Unrealized Gain 120 42
Unrealized Loss (4) (22)
Estimated Fair Value 23,251 16,769
Cash Equivalents 5,414 1,801
Marketable Securities 17,837 14,968
Corporate debt securities    
Summary of cash equivalents and marketable securities:    
Amortized Cost 19,976 18,504
Unrealized Gain 85 51
Unrealized Loss (10) (29)
Estimated Fair Value 20,051 18,526
Cash Equivalents 2,868 2,071
Marketable Securities 17,183 16,455
Money market funds    
Summary of cash equivalents and marketable securities:    
Amortized Cost 6,522 3,760
Unrealized Gain 0 0
Unrealized Loss 0 0
Estimated Fair Value 6,522 3,760
Cash Equivalents 6,522 3,760
Marketable Securities 0 0
Debt securities issued by U.S. government agencies    
Summary of cash equivalents and marketable securities:    
Amortized Cost 2,134 2,775
Unrealized Gain 12 7
Unrealized Loss (1) (5)
Estimated Fair Value 2,145 2,777
Cash Equivalents 0 0
Marketable Securities 2,145 2,777
Certificates of deposit    
Summary of cash equivalents and marketable securities:    
Amortized Cost 126 97
Unrealized Gain 0 0
Unrealized Loss 0 0
Estimated Fair Value 126 97
Cash Equivalents 126 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   177
Cash Equivalents 0 137
Marketable Securities 41 40
Publicly-held equity securities    
Summary of cash equivalents and marketable securities:    
Publicly-held equity securities 1,251 $ 381
Publicly-held equity securities | CoreWeave, Inc.    
Summary of cash equivalents and marketable securities:    
Publicly-held equity securities $ 1,000  
v3.25.1
Cash Equivalents and Marketable Securities - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Jan. 26, 2025
Summary of cash equivalents and marketable securities:      
Non-marketable equity securities reclassified $ 843 $ 0  
Debt securities in a continuous loss position of twelve months or greater 66   $ 213
Level 1 | Publicly-held equity securities      
Summary of cash equivalents and marketable securities:      
Net unrealized losses on investments in publicly held equity securities $ 222    
v3.25.1
Cash Equivalents and Marketable Securities - Schedule of Unrealized Losses Aggregated by Investment Category (Details) - USD ($)
$ in Millions
Apr. 27, 2025
Jan. 26, 2025
Estimated Fair Value    
Less than 12 Months $ 9,950 $ 12,422
Gross Unrealized Loss    
Less than 12 Months (15) (56)
Debt securities issued by the U.S. Treasury    
Estimated Fair Value    
Less than 12 Months 6,854 6,315
Gross Unrealized Loss    
Less than 12 Months (4) (22)
Corporate debt securities    
Estimated Fair Value    
Less than 12 Months 2,775 5,291
Gross Unrealized Loss    
Less than 12 Months (10) (29)
Debt securities issued by U.S. government agencies    
Estimated Fair Value    
Less than 12 Months 321 816
Gross Unrealized Loss    
Less than 12 Months $ (1) $ (5)
v3.25.1
Cash Equivalents and Marketable Securities - Schedule of Amortized Cost and Estimated Fair Value of Cash Equivalents and Marketable Securities (Details) - USD ($)
$ in Millions
Apr. 27, 2025
Jan. 26, 2025
Amortized Cost    
Less than one year $ 25,756 $ 18,426
Due in 1 - 5 years 26,177 23,636
Amortized Cost 51,933 42,062
Estimated Fair Value    
Less than one year 25,781 18,450
Due in 1 - 5 years 26,355 23,656
Estimated Fair Value $ 52,136 $ 42,106
v3.25.1
Fair Value of Financial Assets and Non-marketable Equity Securities - Schedule of Fair Value of Financial Assets and Liabilities (Details) - USD ($)
$ in Millions
Apr. 27, 2025
Jan. 26, 2025
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities $ 52,136 $ 42,106
Liabilities    
Notes 7,300 7,200
Money market funds    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 6,522 3,760
Publicly-held equity securities    
Cash equivalents and marketable securities:    
Publicly-held equity securities 1,251 381
Debt securities issued by the U.S. Treasury    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 23,251 16,769
Corporate debt securities    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 20,051 18,526
Debt securities issued by U.S. government agencies    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 2,145 2,777
Certificates of deposit    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 126 97
Foreign government bonds    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities   177
Level 1    
Cash equivalents and marketable securities:    
Publicly-held equity securities   381
Level 1 | Money market funds    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 6,522 3,760
Level 1 | Publicly-held equity securities    
Cash equivalents and marketable securities:    
Publicly-held equity securities 1,251 381
Level 2 | Debt securities issued by the U.S. Treasury    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 23,251 16,769
Level 2 | Corporate debt securities    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 20,051 18,526
Level 2 | Debt securities issued by U.S. government agencies    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 2,145 2,777
Level 2 | Certificates of deposit    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities 126 97
Level 2 | Foreign government bonds    
Cash equivalents and marketable securities:    
Cash equivalents and marketable securities $ 41 $ 177
v3.25.1
Fair Value of Financial Assets and Non-marketable Equity Securities - Schedule of Carrying Value of Non-marketable Equity Securities (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Fair Value Disclosures [Abstract]    
Balance at beginning of period $ 3,387 $ 1,321
Net additions 649 127
Unrealized gains 63 15
Reclassification (843) 0
Impairments and unrealized losses (16) 0
Balance at end of period $ 3,240 $ 1,463
v3.25.1
Fair Value of Financial Assets and Non-marketable Equity Securities - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Fair Value Disclosures [Abstract]    
Non-marketable equity securities reclassified $ 843 $ 0
Cumulative gross unrealized gains 396 285
Cumulative gross losses and impairments $ 110 $ 45
v3.25.1
Amortizable Intangible Assets and Goodwill (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Jan. 26, 2025
Amortizable intangible assets components      
Gross Carrying Amount $ 3,467   $ 3,349
Accumulated Amortization (2,698)   (2,542)
Net Carrying Amount 769   807
Amortization expense 159 $ 143  
Increase in carrying amount of goodwill 310    
Amortization expense associated with intangible assets      
2026 (excluding the first quarter of fiscal year 2026) 229    
2027 276    
2028 123    
2029 38    
2030 11    
2031 and thereafter 92    
Net Carrying Amount 769   807
Acquisition-related intangible assets      
Amortizable intangible assets components      
Gross Carrying Amount 3,008   2,900
Accumulated Amortization (2,416)   (2,264)
Net Carrying Amount 592   636
Amortization expense associated with intangible assets      
Net Carrying Amount 592   636
Patents and licensed technology      
Amortizable intangible assets components      
Gross Carrying Amount 459   449
Accumulated Amortization (282)   (278)
Net Carrying Amount 177   171
Amortization expense associated with intangible assets      
Net Carrying Amount $ 177   $ 171
v3.25.1
Balance Sheet Components - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Jan. 26, 2025
Supply Commitment [Line Items]      
Property, equipment and intangible assets acquired by assuming related liabilities $ 408 $ 147  
Customer One | Accounts Receivable | Customer Concentration Risk      
Supply Commitment [Line Items]      
Concentration risk (as percent) 27.00%   17.00%
Customers Two | Accounts Receivable | Customer Concentration Risk      
Supply Commitment [Line Items]      
Concentration risk (as percent) 18.00%   16.00%
Customer Three | Accounts Receivable | Customer Concentration Risk      
Supply Commitment [Line Items]      
Concentration risk (as percent) 12.00%    
v3.25.1
Balance Sheet Components - Schedule of Inventory (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Jan. 26, 2025
Inventories      
Raw materials $ 2,525   $ 3,408
Work in process 5,339   3,399
Finished goods 3,469   3,273
Total inventories 11,333   $ 10,080
Inventory [Line Items]      
Inventory reserve expense 2,300 $ 210  
Overall charge 17,394 $ 5,638  
H20 Product Excess Inventory and Purchase Obligations      
Inventory [Line Items]      
Overall charge 4,500    
H20 Products      
Inventory [Line Items]      
Inventory reserve expense $ 1,900    
v3.25.1
Balance Sheet Components - Schedule of Other Assets (Long Term) (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Jan. 26, 2025
Supply Commitment [Line Items]      
Property, equipment and intangible assets acquired by assuming related liabilities $ 408 $ 147  
Other Assets (Long Term):      
Non-marketable equity securities 3,240   $ 3,387
Prepaid supply and capacity agreements 2,079   1,747
Income tax receivable 895   750
Prepaid royalties 334   340
Other 240   201
Total other assets 6,788   6,425
Prepaid expenses and other current assets 2,779   3,771
Supply and Capacity Agreements      
Other Assets (Long Term):      
Prepaid expenses and other current assets $ 2,100   $ 3,300
v3.25.1
Balance Sheet Components - Schedule of Accrued and Other Current Liabilities (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Jan. 26, 2025
Accrued and Other Current Liabilities:      
Taxes payable $ 5,672   $ 881
Excess inventory purchase obligations 4,310   2,095
Customer program accruals 4,261   4,880
Product warranty and return provisions 2,168   1,373
Deferred revenue 1,074   837
Accrued payroll and related expenses 748   848
Unsettled share repurchases 306   132
Operating leases 300   288
Licenses and royalties 144   175
Other 228   228
Total accrued and other current liabilities $ 19,211   $ 11,737
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Total accrued and other current liabilities   Total accrued and other current liabilities
Cost of revenue $ 17,394 $ 5,638  
Inventory Purchase Obligations in Excess of Projections      
Accrued and Other Current Liabilities:      
Cost of revenue 3,000 $ 183  
Inventory Purchase Obligations in Excess of Projections, H20 Products      
Accrued and Other Current Liabilities:      
Cost of revenue 2,600    
H20 Product Excess Inventory and Purchase Obligations      
Accrued and Other Current Liabilities:      
Cost of revenue 4,500    
Nature of Expense, Customer Advances      
Accrued and Other Current Liabilities:      
Deferred revenue $ 287   $ 81
v3.25.1
Balance Sheet Components - Schedule of Other Long-term Liabilities (Details) - USD ($)
$ in Millions
Apr. 27, 2025
Jan. 26, 2025
Other Long-Term Liabilities:    
Income tax payable $ 2,509 $ 2,188
Deferred income tax 1,082 886
Deferred revenue 1,004 976
Licenses payable 112 116
Other 177 79
Total other long-term liabilities $ 4,884 $ 4,245
v3.25.1
Balance Sheet Components - Schedule of Changes in Deferred Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Change in Deferred Revenue    
Balance at beginning of period $ 1,813 $ 1,337
Deferred revenue additions (1) 6,493 553
Revenue recognized (6,228) (341)
Balance at end of period 2,078 1,549
Deferred revenue additions 6,200 157
Revenue recognized $ 6,000 $ 123
v3.25.1
Balance Sheet Components - Revenue Remaining Performance Obligation (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue recognized that was previously included in deferred revenue $ 265 $ 188
Revenue related to remaining performance obligations 1,800  
Revenue related to remaining performance obligations - amount from deferred revenues 1,600  
Unbilled revenue $ 160  
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) 39.00%  
Expected performance period (in months) 12 months  
v3.25.1
Derivative Financial Instruments - Schedule of Notional Value of Our Foreign Currency Contracts Outstanding (Details) - Foreign currency forward contracts - USD ($)
$ in Millions
Apr. 27, 2025
Jan. 26, 2025
Designated as accounting hedges    
Derivative [Line Items]    
Notional values of derivative contracts $ 1,477 $ 1,424
Not designated as accounting hedges    
Derivative [Line Items]    
Notional values of derivative contracts $ 988 $ 1,297
v3.25.1
Derivative Financial Instruments - Narrative (Details)
 3 Months Ended
Apr. 27, 2025
Foreign currency forward contracts  
Derivative [Line Items]  
Maximum maturity period (in months) 18 months
v3.25.1
Debt - Schedule of Long-term Debt (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Jan. 26, 2025
Debt Instrument [Line Items]    
Unamortized debt discount and issuance costs $ (36) $ (37)
Net long-term carrying amount $ 8,464 $ 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) 1 year 4 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) 3 years 1 month 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 10 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) 6 years 1 month 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 10 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 10 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) 35 years  
Effective Interest Rate 3.73%  
Gross carrying amount $ 500 $ 500
v3.25.1
Debt - Narrative (Details) - USD ($)
Apr. 27, 2025
Jan. 26, 2025
Debt Instrument [Line Items]    
Estimated fair value of long-term debt $ 7,300,000,000 $ 7,200,000,000
Commercial Paper Program | Commercial Paper    
Debt Instrument [Line Items]    
Current borrowing capacity 575,000,000  
Outstanding commercial paper $ 0  
v3.25.1
Commitments and Contingencies - Narrative (Details) - USD ($)
$ in Millions
Apr. 27, 2025
Feb. 05, 2025
Jan. 26, 2025
Apr. 28, 2024
Jan. 28, 2024
Other Commitments [Line Items]          
Inventory purchase and long-term supply and capacity obligations $ 29,800        
Other non-inventory 13,700        
Product warranty liability accruals 2,080   $ 1,290 $ 532 $ 306
Accrued contingent liabilities 0        
Securities Class Action and Derivative Lawsuits          
Other Commitments [Line Items]          
Extension of stay   30 days      
Multi-Year Cloud Service Agreements          
Other Commitments [Line Items]          
Other non-inventory $ 10,600        
v3.25.1
Commitments and Contingencies - Schedule of Future Purchase Commitments Due by Year (Details)
$ in Millions
Apr. 27, 2025
USD ($)
Fiscal Year:  
2026 (excluding the first quarter of fiscal year 2026) $ 31,445
2027 5,923
2028 3,110
2029 2,072
2030 752
2031 and thereafter 218
Total $ 43,520
v3.25.1
Commitments and Contingencies - Schedule of Product Warranty Liabilities (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]    
Beginning Balance $ 1,290 $ 306
Additions 870 234
Utilization (80) (8)
Ending Balance $ 2,080 $ 532
v3.25.1
Shareholders' Equity (Details) - USD ($)
shares in Millions, $ in Millions
 1 Months Ended 3 Months Ended
May 23, 2025
Apr. 27, 2025
Apr. 28, 2024
Subsequent Event [Line Items]      
Number of shares repurchased (in shares)   126 99
Shares repurchased   $ 14,503 $ 8,035
Authorized amounts under share repurchase program   24,300  
Dividends paid   $ 244 $ 98
Subsequent Event      
Subsequent Event [Line Items]      
Number of shares repurchased (in shares) 19    
Shares repurchased $ 2,300    
v3.25.1
Segment Information - Narrative (Details)
$ in Millions
 3 Months Ended
Apr. 27, 2025
USD ($)
segment
Apr. 28, 2024
USD ($)
Segment Reporting Information [Line Items]    
Number of reportable segments | segment 2  
Depreciation and amortization $ 611 $ 410
Compute & Networking    
Segment Reporting Information [Line Items]    
Depreciation and amortization 296 146
Graphics    
Segment Reporting Information [Line Items]    
Depreciation and amortization $ 109 $ 86
Customer Concentration Risk | Revenue | Non-US    
Segment Reporting Information [Line Items]    
Concentration risk (as percent) 53.00% 48.00%
v3.25.1
Segment Information - Schedule of Segments (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Segment Reporting Information [Line Items]    
Revenue $ 44,062 $ 26,044
Operating income (loss) 21,638 16,909
Operating Segments | Compute & Networking    
Segment Reporting Information [Line Items]    
Revenue 39,589 22,675
Other segment items 17,535 5,628
Operating income (loss) 22,054 17,047
Operating Segments | Graphics    
Segment Reporting Information [Line Items]    
Revenue 4,473 3,369
Other segment items 2,833 2,128
Operating income (loss) 1,640 1,241
All Other    
Segment Reporting Information [Line Items]    
Revenue 0 0
Operating income (loss) $ (2,056) $ (1,379)
v3.25.1
Segment Information - Schedule of Reconciling Items (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Segment Reporting Information [Line Items]    
Stock-based compensation expense $ (1,474) $ (1,011)
Operating income 21,638 16,909
All Other    
Segment Reporting Information [Line Items]    
Stock-based compensation expense (1,474) (1,011)
Unallocated cost of revenue and operating expenses (419) (229)
Acquisition-related and other costs (160) (140)
Other (3) 1
Operating income $ (2,056) $ (1,379)
v3.25.1
Segment Information - Schedule of Revenue by Geographic Regions (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Revenues    
Revenue $ 44,062 $ 26,044
United States    
Revenues    
Revenue 20,739 13,496
Singapore    
Revenues    
Revenue $ 9,017 4,037
Singapore | Revenue | Customer Concentration Risk    
Revenues    
Concentration risk (as percent) 20.00%  
Singapore | Revenue | Customer Concentration Risk | United States and Europe Based End Customers | Controlled Data Center Compute Products    
Revenues    
Concentration risk (as percent) 99.00%  
Taiwan    
Revenues    
Revenue $ 7,158 4,373
China (including Hong Kong)    
Revenues    
Revenue 5,522 2,491
Other    
Revenues    
Revenue $ 1,626 $ 1,647
Non-US | Revenue | Customer Concentration Risk    
Revenues    
Concentration risk (as percent) 53.00% 48.00%
v3.25.1
Segment Information - Concentration Risk (Details) - Compute & Networking - Revenue - Customer Concentration Risk
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Customer A    
Revenue, Major Customer [Line Items]    
Concentration risk (as percent) 16.00% 11.00%
Customer B    
Revenue, Major Customer [Line Items]    
Concentration risk (as percent) 14.00%  
Customer C    
Revenue, Major Customer [Line Items]    
Concentration risk (as percent)   13.00%
v3.25.1
Segment Information - Schedule of Revenue by Market (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Revenue from External Customer [Line Items]    
Revenue $ 44,062 $ 26,044
Data Center    
Revenue from External Customer [Line Items]    
Revenue 39,112 22,563
Compute    
Revenue from External Customer [Line Items]    
Revenue 34,155 19,392
Networking    
Revenue from External Customer [Line Items]    
Revenue 4,957 3,171
Gaming    
Revenue from External Customer [Line Items]    
Revenue 3,763 2,647
Professional Visualization    
Revenue from External Customer [Line Items]    
Revenue 509 427
Automotive    
Revenue from External Customer [Line Items]    
Revenue 567 329
OEM and Other    
Revenue from External Customer [Line Items]    
Revenue $ 111 $ 78
v3.25.1
Leases - Schedule of Future Minimum Lease Obligations (Details) - USD ($)
$ in Millions
Apr. 27, 2025
Jan. 26, 2025
Leases [Abstract]    
2026 (excluding the first quarter of fiscal year 2026) $ 274  
2027 346  
2028 349  
2029 308  
2030 233  
2031 and thereafter 611  
Total 2,121  
Less imputed interest 300  
Present value of net future minimum lease payments 1,821  
Less short-term operating lease liabilities 300 $ 288
Long-term operating lease liabilities $ 1,521 $ 1,519
v3.25.1
Leases - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Jan. 26, 2025
Lessee, Lease, Description [Line Items]      
Operating lease expense $ 101 $ 80  
Weighted average remaining lease term - operating leases (in years) 6 years 8 months 12 days   6 years 6 months
Weighted average discount rate - operating leases (percent) 4.27%   4.16%
Leases Not yet Commenced      
Lessee, Lease, Description [Line Items]      
Operating lease, not yet commenced, amount $ 7,400    
Minimum      
Lessee, Lease, Description [Line Items]      
Lease not yet commenced, term of contract (in years) 2 years    
Maximum      
Lessee, Lease, Description [Line Items]      
Lease not yet commenced, term of contract (in years) 15 years 6 months    
v3.25.1
Leases - Schedule of Other Lease Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Supplemental disclosure of cash flow information:    
Operating cash flow used for operating leases $ 96 $ 69
Operating lease assets obtained in exchange for lease obligations $ 98 $ 250