NVIDIA CORP, 10-Q filed on 8/26/2026
Quarterly Report
v3.26.1
Cover - shares
shares in Billions
 6 Months Ended
Jul. 26, 2026
Aug. 21, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jul. 26, 2026  
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, $0.001 par value per share  
Trading Symbol NVDA  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   24.1
Entity Central Index Key 0001045810  
Current Fiscal Year End Date --01-31  
Document Fiscal Year Focus 2027  
Document Fiscal Period Focus Q2  
Amendment Flag false  
v3.26.1
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Income Statement [Abstract]        
Revenue $ 96,221 $ 46,743 $ 177,837 $ 90,805
Cost of revenue 24,079 12,890 44,538 30,284
Gross profit 72,142 33,853 133,299 60,521
Operating expenses        
Research and development 7,054 4,291 13,375 8,280
Sales, general and administrative 1,354 1,122 2,654 2,163
Total operating expenses 8,408 5,413 16,029 10,443
Operating income 63,734 28,440 117,270 50,078
Other income, net 7,773 2,766 24,140 3,039
Income before income tax 71,507 31,206 141,410 53,117
Income tax expense 11,819 4,784 23,400 7,920
Net income $ 59,688 $ 26,422 $ 118,010 $ 45,197
Net income per share:        
Basic (in dollars per share) $ 2.47 $ 1.08 $ 4.87 $ 1.85
Diluted (in dollars per share) $ 2.46 $ 1.08 $ 4.85 $ 1.84
Weighted average shares used in per share computation:        
Basic (in shares) 24,190 24,366 24,238 24,404
Diluted (in shares) 24,285 24,532 24,338 24,571
v3.26.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Statement of Comprehensive Income [Abstract]        
Net income $ 59,688 $ 26,422 $ 118,010 $ 45,197
Available-for-sale securities:        
Net change in unrealized gain (loss) (102) (52) (180) 87
Cash flow hedges:        
Net change in unrealized gain (loss) (60) 36 (23) 55
Other comprehensive income (loss), net of tax (162) (16) (203) 142
Total comprehensive income $ 59,526 $ 26,406 $ 117,807 $ 45,339
v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 26, 2026
Jan. 25, 2026
Current assets:    
Cash and cash equivalents $ 22,443 $ 10,605
Marketable debt securities 34,143 39,065
Marketable equity securities 42,783 12,886
Accounts receivable, net 63,059 38,466
Inventories 31,575 21,403
Prepaid expenses and other current assets 3,409 3,180
Total current assets 197,412 125,605
Property and equipment, net 14,285 10,383
Operating lease assets 5,390 2,867
Goodwill 21,125 20,832
Intangible assets, net 2,998 3,306
Deferred income tax assets 12,159 13,258
Non-marketable securities 51,157 22,251
Other assets 15,746 8,301
Total assets 320,272 206,803
Current liabilities:    
Accounts payable 15,059 9,812
Accrued and other current liabilities 26,960 21,352
Short-term debt 1,000 999
Total current liabilities 43,019 32,163
Long-term debt 32,366 7,469
Long-term operating lease liabilities 4,985 2,572
Other long-term liabilities 10,918 7,306
Total liabilities 91,288 49,510
Commitments and contingencies
Shareholders’ equity:    
Preferred stock 0 0
Common stock 24 24
Additional paid-in capital 9,828 10,118
Accumulated other comprehensive income (loss) (25) 178
Retained earnings 219,157 146,973
Total shareholders’ equity 228,984 157,293
Total liabilities and shareholders’ equity $ 320,272 $ 206,803
v3.26.1
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 (in shares) at Jan. 26, 2025   24,477      
Beginning balance at Jan. 26, 2025 $ 79,327 $ 24 $ 11,237 $ 28 $ 68,038
Increase (Decrease) in Shareholders' Equity          
Net income 45,197       45,197
Other comprehensive income (loss) 142     142  
Issuance of common stock (in shares)   89      
Issuance of common stock 370   370    
Tax withholding related to common stock from stock plans (in shares)   (26)      
Tax withholding related to common stock $ (3,380)   (3,380)    
Shares repurchased (in shares) (193) (193)      
Shares repurchased $ (24,161)   (151)   (24,010)
Cash dividends declared and paid (488)       (488)
Fair value of partially vested equity awards assumed in connection with acquisitions 22        
Stock-based compensation 3,102   3,102    
Ending balance (in shares) at Jul. 27, 2025   24,347      
Ending balance at Jul. 27, 2025 100,131 $ 24 11,200 170 88,737
Beginning balance (in shares) at Apr. 27, 2025   24,388      
Beginning balance at Apr. 27, 2025 83,843 $ 24 11,475 186 72,158
Increase (Decrease) in Shareholders' Equity          
Net income 26,422       26,422
Other comprehensive income (loss) (16)     (16)  
Issuance of common stock (in shares)   39      
Issuance of common stock 0        
Tax withholding related to common stock from stock plans (in shares)   (13)      
Tax withholding related to common stock $ (1,848)   (1,848)    
Shares repurchased (in shares) (67) (67)      
Shares repurchased $ (9,658)   (59)   (9,599)
Cash dividends declared and paid (244)       (244)
Stock-based compensation 1,632   1,632    
Ending balance (in shares) at Jul. 27, 2025   24,347      
Ending balance at Jul. 27, 2025 100,131 $ 24 11,200 170 88,737
Beginning balance (in shares) at Jan. 25, 2026   24,304      
Beginning balance at Jan. 25, 2026 157,293 $ 24 10,118 178 146,973
Increase (Decrease) in Shareholders' Equity          
Net income 118,010       118,010
Other comprehensive income (loss) (203)     (203)  
Issuance of common stock (in shares)   69      
Issuance of common stock 515   515    
Tax withholding related to common stock from stock plans (in shares)   (23)      
Tax withholding related to common stock $ (4,531)   (4,531)    
Shares repurchased (in shares) (203) (203)      
Shares repurchased $ (39,845)   (309)   (39,536)
Cash dividends declared and paid (6,290)       (6,290)
Fair value of partially vested equity awards assumed in connection with acquisitions 80   80    
Stock-based compensation 3,955   3,955    
Ending balance (in shares) at Jul. 26, 2026   24,147      
Ending balance at Jul. 26, 2026 228,984 $ 24 9,828 (25) 219,157
Beginning balance (in shares) at Apr. 26, 2026   24,221      
Beginning balance at Apr. 26, 2026 195,474 $ 24 10,275 137 185,038
Increase (Decrease) in Shareholders' Equity          
Net income 59,688       59,688
Other comprehensive income (loss) (162)     (162)  
Issuance of common stock (in shares)   32      
Issuance of common stock 0        
Tax withholding related to common stock from stock plans (in shares)   (12)      
Tax withholding related to common stock $ (2,402)   (2,402)    
Shares repurchased (in shares) (94) (94)      
Shares repurchased $ (19,674)   (152)   (19,522)
Cash dividends declared and paid (6,047)       (6,047)
Fair value of partially vested equity awards assumed in connection with acquisitions 80   80    
Stock-based compensation 2,027   2,027    
Ending balance (in shares) at Jul. 26, 2026   24,147      
Ending balance at Jul. 26, 2026 $ 228,984 $ 24 $ 9,828 $ (25) $ 219,157
v3.26.1
Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Apr. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Statement of Stockholders' Equity [Abstract]          
Common stock, dividends per share, declared and paid (in dollars per share) $ 0.25 $ 0.01 $ 0.01 $ 0.26 $ 0.02
v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Cash flows from operating activities:    
Net income $ 118,010 $ 45,197
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 3,954 3,099
Depreciation and amortization 2,124 1,280
Deferred income taxes 982 (2,160)
Gains from equity securities, net (23,707) (2,073)
Other 222 (196)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (24,590) (4,743)
Inventories (10,204) (4,880)
Prepaid expenses and other assets (6,480) 946
Accounts payable 4,125 2,255
Accrued and other current liabilities 8,015 3,075
Other long-term liabilities 1,970 979
Net cash provided by operating activities 74,421 42,779
Cash flows from investing activities:    
Proceeds from sales and maturities of debt securities 26,563 6,739
Proceeds from sales of equity securities 7,241 70
Purchases of debt securities (42,404) (1,245)
Purchases of debt securities (21,777) (14,108)
Purchases related to property and equipment and intangible assets (4,434) (3,122)
Acquisitions, net of cash acquired (298) (677)
Other (15) 0
Net cash used in investing activities (35,124) (12,343)
Cash flows from financing activities:    
Proceeds related to issuance of debt, net of costs 24,896 0
Proceeds related to employee stock plans 515 370
Payments related to repurchases of common stock (39,044) (23,815)
Dividends paid (6,290) (488)
Payments related to employee stock plan taxes (4,531) (3,380)
Groq, Inc. (2,944) 0
Principal payments on property and equipment and intangible assets (92) (73)
Other 31 0
Net cash used in financing activities (27,459) (27,386)
Change in cash and cash equivalents 11,838 3,050
Cash and cash equivalents at beginning of period 10,605 8,589
Cash and cash equivalents at end of period $ 22,443 $ 11,639
v3.26.1
Summary of Significant Accounting Policies
 6 Months Ended
Jul. 26, 2026
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 25, 2026, 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 25, 2026, 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 25, 2026.
Certain prior fiscal year balances have been reclassified to conform to the current period presentation.
Significant Accounting Policies
There have been no material changes to our significant accounting policies disclosed in Note 1 - Organization and Summary of Significant Accounting Policies, of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended January 25, 2026.
Fiscal Year
Fiscal year 2027 is a 53-week year, and fiscal year 2026 was a 52-week year, both ending on the last Sunday in January. The second quarters of fiscal years 2027 and 2026 were both 13-week quarters. The fourth quarter of fiscal year 2027 will be a 14-week quarter.
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.
Recently Issued Accounting Pronouncements
Recent Accounting Pronouncements Not Yet Adopted
In November 2024, the Financial Accounting Standards Board, or FASB, issued a new accounting standard requiring disclosures of certain additional expense information on an annual and interim basis, including, among other items, the amounts of purchases of inventory, employee compensation, depreciation, and intangible asset amortization included within each income statement expense caption, as applicable. We will adopt this standard in the fiscal year 2028 annual report. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements other than additional disclosures.
v3.26.1
Stock-Based Compensation
 6 Months Ended
Jul. 26, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
We recognize stock-based compensation expense from grants of restricted stock units, or RSUs, performance stock units, or PSUs, and market-based PSUs, and issuances under our employee stock purchase plan, or ESPP.
Condensed Consolidated Statements of Income include stock-based compensation expense as follows:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Cost of revenue$71 $58 $139 $123 
Research and development1,551 1,191 3,010 2,254 
Sales, general and administrative405 375 805 722 
Total$2,027 $1,624 $3,954 $3,099 
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 25, 2026
189 $81.51 
Granted49 $183.74 
Vested(63)$54.60 
Canceled and forfeited(7)$102.16 
Balance as of Jul 26, 2026
168 $120.41 
As of July 26, 2026, aggregate unearned stock-based compensation expense was $19.4 billion, which is expected to be recognized over a weighted average period of 2.6 years for RSUs, PSUs, and market-based PSUs, and 0.9 years for ESPP.
v3.26.1
Net Income Per Share
 6 Months Ended
Jul. 26, 2026
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The following are the basic and diluted net income per share computations for the periods presented:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions, except per share data)
Numerator:
Net income$59,688 $26,422 $118,010 $45,197 
Denominator:
Basic weighted average shares24,190 24,366 24,238 24,404 
Dilutive impact of outstanding equity awards95 166 100 167 
Diluted weighted average shares24,285 24,532 24,338 24,571 
Net income per share:
Basic (1)$2.47 $1.08 $4.87 $1.85 
Diluted (2)$2.46 $1.08 $4.85 $1.84 
Anti-dilutive equity awards excluded from diluted net income per share7 3 52 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.
v3.26.1
Intangible Assets and Goodwill
 6 Months Ended
Jul. 26, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
The components of our intangible assets are as follows:
Jul 26, 2026Jan 25, 2026
Gross
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
(In millions)
Acquisition-related intangible assets$5,737 $(2,974)$2,763 $5,656 $(2,580)$3,076 
Patents and licensed technology557 (322)235 528 (298)230 
Total intangible assets$6,294 $(3,296)$2,998 $6,184 $(2,878)$3,306 
Amortization expense associated with intangible assets was $237 million and $84 million for the second quarter, and $470 million and $243 million for the first half, of fiscal years 2027 and 2026, respectively.
The following table outlines the estimated future amortization expense related to the net carrying amount of intangible assets as of July 26, 2026:
Future Amortization Expense
(In millions)
Fiscal Year:
2027 (the second half of fiscal year 2027)
$482 
2028795 
2029642 
2030528 
2031468 
2032 and thereafter83 
Total$2,998 
In the first half of fiscal year 2027, goodwill increased by $293 million, which was allocated to our Compute & Networking reporting unit.
v3.26.1
Cash Equivalents and Marketable Securities
 6 Months Ended
Jul. 26, 2026
Investments, Debt and Equity Securities [Abstract]  
Cash Equivalents and Marketable Securities Cash Equivalents and Marketable Securities
Cash equivalents and marketable securities including debt and equity securities are measured at fair value using quoted prices in active markets for identical assets (Level 1) or for similar assets or use of other observable inputs (Level 2).
The following is a summary of cash equivalents and marketable securities:
Jul 26, 2026
Pricing CategoryCost or Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
Cash EquivalentsMarketable Debt SecuritiesMarketable Equity SecuritiesOther Assets
(In millions)
Debt securities issued by the U.S. TreasuryLevel 2$45,367 $8 $(54)$45,321 $12,318 $33,003 $— $— 
Debt securities issued by U.S. government agenciesLevel 21,541 — (2)1,539 399 1,140 — — 
Money market fundsLevel 18,633 — — 8,633 8,633 — — — 
Publicly-held equity securities (1) (2)Level 136,934 — — 31,977 4,957 
Publicly-held equity securities (1) (3)Level 210,806 — — 10,806 — 
Total$55,541 $8 $(56)$103,233 $21,350 $34,143 $42,783 $4,957 
(1)    Included $36.9 billion of investments that are subject to short-term lock-up restrictions on the ability to sell.
(2)    The long-term portion of publicly-held equity securities, which are subject to lock-up restrictions through December 2027 of $5.0 billion as of July 26, 2026, was included in Other assets.
(3)    Included investments in unregistered warrants and preferred stock convertible to common stock in public companies.
Publicly-held equity securities are subject to market price volatility. Net unrealized gains on investments in publicly-held equity securities held at period end were $1.5 billion and $12.5 billion for the second quarter and first half of fiscal year 2027, respectively. Net unrealized gains on investments in publicly-held equity securities held at period end were $1.9 billion and $1.7 billion for the second quarter and first half of fiscal year 2026, respectively.
Jan 25, 2026
Pricing CategoryCost or Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
Cash EquivalentsMarketable Debt SecuritiesMarketable Equity SecuritiesOther Assets
(In millions)
Debt securities issued by the U.S. TreasuryLevel 2$21,635 $77 $(3)$21,709 $— $21,709 $— $— 
Corporate debt securitiesLevel 215,410 92 (3)15,499 345 15,154 — — 
Debt securities issued by U.S. government agenciesLevel 22,157 4 — 2,161 — 2,161 — — 
Certificates of depositLevel 2110 — — 110 110 — — — 
Foreign government bondsLevel 240 1 — 41 — 41 — — 
Money market fundsLevel 17,830 — — 7,830 7,830 — — — 
Publicly-held equity securities (1) (2)Level 117,726 — — 12,886 4,840 
Total$47,182 $174 $(6)$65,076 $8,285 $39,065 $12,886 $4,840 
(1)    Included $10.5 billion of investments that are subject to short-term lock-up restrictions on the ability to sell.
(2)    The long-term portion of publicly-held equity securities, which are subject to lock-up restrictions through December 2027 of $4.8 billion as of January 25, 2026, was included in Other assets.
As of July 26, 2026, and January 25, 2026, debt securities of $42.0 billion and $13.1 billion, respectively, in a continuous loss position had been so for less than 12 months, and the related unrealized losses were not significant.
As of July 26, 2026, the estimated fair values of debt securities included in cash equivalents and marketable debt securities were $46.9 billion, consisting of $41.0 billion due in less than one year and $5.9 billion due in one to five years.
Non-marketable Securities
Non-marketable Equity Securities
Our non-marketable equity securities are primarily in privately-held companies carried at cost less impairment, and adjusted for observable price changes. We value investments using observable comparable transactions and other inputs including volatility, expected time to liquidity, the risk-free rate, and security-specific rights and obligations.
Adjustments to the carrying value of privately-held securities:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Balance at beginning of period$42,336 $3,240 $22,251 $3,387 
Adjustments related to non-marketable equity securities:
Net additions13,106 299 31,005 948 
Unrealized gains (1)4,900 267 7,504 330 
Reclassification (2)(12,323)(5)(12,712)(848)
Impairments and unrealized losses (1)(121)(2)(150)(18)
Balance at end of period$47,898 $3,799 $47,898 $3,799 
(1)    Unrealized gains, losses, and impairments are recognized in Other income, net, in the Condensed Consolidated Statements of Income.
(2)    Included reclassifications primarily related to marketable securities following public market trading.
Non-marketable equity securities had cumulative gross unrealized gains of $9.1 billion and $661 million, and cumulative gross unrealized losses and impairments of $250 million and $93 million as of July 26, 2026, and July 27, 2025, respectively.
Equity Method Investments
We had $3.3 billion of investments in infrastructure financiers accounted for using the equity method as of July 26, 2026. Those equity method investments deemed to be variable interest entities, or VIEs, had a maximum loss exposure, including carrying values and future committed amounts, of $4.7 billion as of July 26, 2026. We have determined we are not the primary beneficiary of our VIE investments and, therefore, do not consolidate the VIEs in our consolidated financial statements. Income from equity method investments is recognized in Other income, net, and was not significant for the second quarter and first half of fiscal year 2027.
v3.26.1
Non-marketable Securities
 6 Months Ended
Jul. 26, 2026
Fair Value Disclosures [Abstract]  
Non-marketable Securities Cash Equivalents and Marketable Securities
Cash equivalents and marketable securities including debt and equity securities are measured at fair value using quoted prices in active markets for identical assets (Level 1) or for similar assets or use of other observable inputs (Level 2).
The following is a summary of cash equivalents and marketable securities:
Jul 26, 2026
Pricing CategoryCost or Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
Cash EquivalentsMarketable Debt SecuritiesMarketable Equity SecuritiesOther Assets
(In millions)
Debt securities issued by the U.S. TreasuryLevel 2$45,367 $8 $(54)$45,321 $12,318 $33,003 $— $— 
Debt securities issued by U.S. government agenciesLevel 21,541 — (2)1,539 399 1,140 — — 
Money market fundsLevel 18,633 — — 8,633 8,633 — — — 
Publicly-held equity securities (1) (2)Level 136,934 — — 31,977 4,957 
Publicly-held equity securities (1) (3)Level 210,806 — — 10,806 — 
Total$55,541 $8 $(56)$103,233 $21,350 $34,143 $42,783 $4,957 
(1)    Included $36.9 billion of investments that are subject to short-term lock-up restrictions on the ability to sell.
(2)    The long-term portion of publicly-held equity securities, which are subject to lock-up restrictions through December 2027 of $5.0 billion as of July 26, 2026, was included in Other assets.
(3)    Included investments in unregistered warrants and preferred stock convertible to common stock in public companies.
Publicly-held equity securities are subject to market price volatility. Net unrealized gains on investments in publicly-held equity securities held at period end were $1.5 billion and $12.5 billion for the second quarter and first half of fiscal year 2027, respectively. Net unrealized gains on investments in publicly-held equity securities held at period end were $1.9 billion and $1.7 billion for the second quarter and first half of fiscal year 2026, respectively.
Jan 25, 2026
Pricing CategoryCost or Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
Cash EquivalentsMarketable Debt SecuritiesMarketable Equity SecuritiesOther Assets
(In millions)
Debt securities issued by the U.S. TreasuryLevel 2$21,635 $77 $(3)$21,709 $— $21,709 $— $— 
Corporate debt securitiesLevel 215,410 92 (3)15,499 345 15,154 — — 
Debt securities issued by U.S. government agenciesLevel 22,157 4 — 2,161 — 2,161 — — 
Certificates of depositLevel 2110 — — 110 110 — — — 
Foreign government bondsLevel 240 1 — 41 — 41 — — 
Money market fundsLevel 17,830 — — 7,830 7,830 — — — 
Publicly-held equity securities (1) (2)Level 117,726 — — 12,886 4,840 
Total$47,182 $174 $(6)$65,076 $8,285 $39,065 $12,886 $4,840 
(1)    Included $10.5 billion of investments that are subject to short-term lock-up restrictions on the ability to sell.
(2)    The long-term portion of publicly-held equity securities, which are subject to lock-up restrictions through December 2027 of $4.8 billion as of January 25, 2026, was included in Other assets.
As of July 26, 2026, and January 25, 2026, debt securities of $42.0 billion and $13.1 billion, respectively, in a continuous loss position had been so for less than 12 months, and the related unrealized losses were not significant.
As of July 26, 2026, the estimated fair values of debt securities included in cash equivalents and marketable debt securities were $46.9 billion, consisting of $41.0 billion due in less than one year and $5.9 billion due in one to five years.
Non-marketable Securities
Non-marketable Equity Securities
Our non-marketable equity securities are primarily in privately-held companies carried at cost less impairment, and adjusted for observable price changes. We value investments using observable comparable transactions and other inputs including volatility, expected time to liquidity, the risk-free rate, and security-specific rights and obligations.
Adjustments to the carrying value of privately-held securities:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Balance at beginning of period$42,336 $3,240 $22,251 $3,387 
Adjustments related to non-marketable equity securities:
Net additions13,106 299 31,005 948 
Unrealized gains (1)4,900 267 7,504 330 
Reclassification (2)(12,323)(5)(12,712)(848)
Impairments and unrealized losses (1)(121)(2)(150)(18)
Balance at end of period$47,898 $3,799 $47,898 $3,799 
(1)    Unrealized gains, losses, and impairments are recognized in Other income, net, in the Condensed Consolidated Statements of Income.
(2)    Included reclassifications primarily related to marketable securities following public market trading.
Non-marketable equity securities had cumulative gross unrealized gains of $9.1 billion and $661 million, and cumulative gross unrealized losses and impairments of $250 million and $93 million as of July 26, 2026, and July 27, 2025, respectively.
Equity Method Investments
We had $3.3 billion of investments in infrastructure financiers accounted for using the equity method as of July 26, 2026. Those equity method investments deemed to be variable interest entities, or VIEs, had a maximum loss exposure, including carrying values and future committed amounts, of $4.7 billion as of July 26, 2026. We have determined we are not the primary beneficiary of our VIE investments and, therefore, do not consolidate the VIEs in our consolidated financial statements. Income from equity method investments is recognized in Other income, net, and was not significant for the second quarter and first half of fiscal year 2027.
v3.26.1
Supplemental Financial Statement Information
 6 Months Ended
Jul. 26, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Statement Information Supplemental Financial Statement Information
We refer to customers who purchase products directly from NVIDIA as direct customers, such as add-in board manufacturers, or AIBs, distributors, original design manufacturers, or ODMs, original equipment manufacturers, or OEMs, cloud service providers, or CSPs, AI model makers, and system integrators. Certain direct customers may use either internal resources or third-party system integrators to complete their build. Five direct customers accounted for 22%, 14%, 13%, 11%, and 10% of our accounts receivable balance as of July 26, 2026. Three direct customers accounted for 25%, 18%, and 13% of our accounts receivable balance as of January 25, 2026.
Payment from customers is generally due shortly after delivery of our products. In certain cases, for investment-grade customer purchases, we have and may in the future provide longer payment terms ranging from 90 days up to one year to assist customers with large data center builds depending on size.
Certain balance sheet components were as follows:
Jul 26, 2026Jan 25, 2026
Inventories:(In millions)
Raw materials$11,341 $3,807 
Work in process13,377 8,822 
Finished goods6,857 8,774 
Total inventories (1)$31,575 $21,403 
(1)    We recognized inventory provisions of $784 million and $886 million for the second quarter, and $1.6 billion and $3.2 billion for the first half, of fiscal years 2027 and 2026, respectively, in Cost of revenue.
Property and Equipment:
Property, equipment, and intangible assets acquired but not paid for in the first half of fiscal years 2027 and 2026 were $1.2 billion and $1.1 billion, respectively.
Jul 26, 2026Jan 25, 2026
Accrued and Other Current Liabilities:(In millions)
Customer program accruals$7,391 $5,318 
Taxes payable
5,206 2,669 
Deferred revenue (1)4,616 1,379 
Product warranty
2,938 2,807 
Excess inventory purchase obligations (2)
2,138 2,739 
Accrued payroll and related expenses1,206 1,146 
Accrued purchase consideration (3)986 3,921 
Other2,479 1,373 
Total accrued and other current liabilities$26,960 $21,352 
(1)    Included customer advances and unearned revenue primarily related to hardware and software support, and license and development arrangements. The balance as of July 26, 2026, and January 25, 2026, included $2.8 billion and $160 million of customer advances, respectively.
(2)    We recognized $201 million and $137 million for the second quarter, and $501 million and $3.1 billion for the first half, of fiscal years 2027 and 2026, respectively, in Cost of revenue.
(3)    Related to the Groq, Inc. non-exclusive license agreement.
Jul 26, 2026Jan 25, 2026
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$5,602 $3,958 
Deferred revenue (2)1,796 1,193 
Deferred income tax1,619 1,774 
Other1,901 381 
Total other long-term liabilities$10,918 $7,306 
(1)    Primarily comprised of unrecognized tax benefits and related interest and penalties.
(2)    Included unearned revenue related to hardware and software support.
Deferred Revenue
The following table shows the changes in short- and long-term deferred revenue during the first half of fiscal years 2027 and 2026:
Six Months Ended
Jul 26, 2026Jul 27, 2025
(In millions)
Balance at beginning of period$2,572 $1,813 
Deferred revenue additions (1)17,709 8,275 
Revenue recognized (2)(13,869)(8,053)
Balance at end of period$6,412 $2,035 
(1)    Included $15.6 billion and $7.5 billion of customer advances for the first half of fiscal years 2027 and 2026, respectively.
(2)    Included $13.0 billion and $7.5 billion related to customer advances for the first half of fiscal years 2027 and 2026, respectively.
We recognized revenue of $758 million and $479 million in the first half of fiscal years 2027 and 2026, respectively, that was included in the prior year-end deferred revenue balance.
As of July 26, 2026, revenue related to remaining performance obligations from contracts greater than one year in length was $3.2 billion, which included $3.0 billion from deferred revenue and $244 million that has not yet been billed or recognized as revenue. Approximately 39% of revenue from contracts greater than one year in length will be recognized over the next twelve months.
Other Income, Net
Other income, net, consisted of the following:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Interest income$496 $592 $1,037 $1,108 
Interest expense(227)(62)(329)(124)
Gains from equity securities, net7,771 2,247 23,707 2,073 
Other(267)(11)(275)(18)
Other income, net$7,773 $2,766 $24,140 $3,039 
v3.26.1
Derivative Financial Instruments
 6 Months Ended
Jul. 26, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Foreign Currency Derivatives
We primarily utilize foreign currency forward contracts to mitigate the impact of foreign currency exchange rate movements on our operating expenses. These foreign currency forward contracts for operating expenses are designated as accounting hedges. Gains or losses on the contracts are recognized in Accumulated other comprehensive income or loss and reclassified to Operating expenses when the related operating expenses are recognized in earnings. During the first half of fiscal years 2027 and 2026, 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 to mitigate 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 offsets the change in fair value of the hedged foreign currency-denominated monetary assets and liabilities, and is recognized in Other income, net. The fair values of our foreign currency contracts were not significant as of July 26, 2026, and January 25, 2026.
As of July 26, 2026, all foreign currency contracts mature within 18 months.
The gains and losses of our foreign currency contracts were not significant for the second quarter and first half of fiscal years 2027 and 2026.
Land, Power, and Shell Guarantees for AI Clouds
We entered into land, power, and shell guarantees for select AI cloud partners’ data center lease obligations in the event of their default. The guarantees are classified as credit derivatives, the fair values of which were not significant, with changes in fair values recognized in Other income, net.
Public Company Warrants
In the second quarter of fiscal year 2027, we received warrants to purchase shares of publicly-traded common stock with terms of three to five years. These warrants are classified as equity derivatives, initially recognized within Other assets, with the corresponding benefit substantially deferred. Subsequent valuation changes are recognized in Other income, net. As of July 26, 2026, the fair values of the equity derivatives, a Level 3 measurement, were $824 million
Derivative Financial Instrument Notional Values
The table below presents the notional values of our derivatives outstanding:
Jul 26, 2026Jan 25, 2026
(In millions)
Foreign currency contracts designated as accounting hedges$2,162 $1,765 
Not designated as accounting hedges:
Foreign currency contracts$2,252 $2,332 
Land, power, and shell guarantees for AI clouds (1)$3,529 $3,530 
Public company warrants$4,800 $— 
Equity forward contract$1,000 $— 
(1)    The maximum gross exposure under all agreements is reduced as the partners make payments to the lessors over terms ranging from five to seven years. The partners have placed $712 million in escrow to partially mitigate our potential exposure, which is not reflected in the notional value.
v3.26.1
Debt
 6 Months Ended
Jul. 26, 2026
Debt Disclosure [Abstract]  
Debt Debt
Expected
Remaining Term (years)		Effective
Interest Rate
Jul 26, 2026Jan 25, 2026
(In millions)
3.20% Notes Due 2026
0.13.31%$1,000 $1,000 
4.25% Notes Due 2028
1.94.39%3,500 — 
1.55% Notes Due 2028
1.91.64%1,250 1,250 
4.35% Notes Due 2029
2.94.45%3,500 — 
2.85% Notes Due 2030
3.72.93%1,500 1,500 
4.50% Notes Due 2031
4.94.60%4,000 — 
2.00% Notes Due 2031
4.92.09%1,250 1,250 
4.75% Notes Due 2033
6.94.82%3,500 — 
4.95% Notes Due 2036
9.95.01%4,000 — 
3.50% Notes Due 2040
13.73.54%1,000 1,000 
5.55% Notes Due 2046
19.95.61%3,000 — 
3.50% Notes Due 2050
23.73.54%2,000 2,000 
5.625% Notes Due 2056
29.95.66%3,500 — 
3.70% Notes Due 2060
33.73.73%500 500 
Unamortized debt discount and issuance costs(134)(32)
Net carrying amount
$33,366 $8,468 
Less short-term portion(1,000)(999)
Total long-term portion$32,366 $7,469 
In June 2026, we issued an aggregate of $25.0 billion of senior unsecured notes across seven tranches for general corporate purposes.
As of July 26, 2026, and January 25, 2026, the estimated fair value of debt was $31.4 billion and $7.5 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 dates of the notes are stated by calendar year.
As of July 26, 2026, we complied with the required covenants under the outstanding notes.
As of July 26, 2026, our commercial paper program had a capacity of $25.0 billion, with no amounts outstanding.
v3.26.1
Commitments and Contingencies
 6 Months Ended
Jul. 26, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Commitments
We entered into strategic commitments across our supply, infrastructure, and partner ecosystems to capitalize on future growth opportunities and support our business.
Future commitments by fiscal year as of July 26, 2026, were as follows:
Remainder of 202720282029203020312032 and thereafterTotal
(In billions)
Supply and capacity$92 $87 $88 $6 $5 $1 $279 
Cloud service agreements3 8 7 6 4 1 29 
Data center leases not commenced— 1 1 2 1 20 25 
Equity investments18 3 2 2 — — 25 
Capital expenditures7 1 — — — — 8 
Total$120 $100 $98 $16 $10 $22 $366 
Supply and capacity – We have partnered with our extensive network to secure the necessary supply and critical components needed to meet demand for the next several years, increasing supply commitments from $119 billion last quarter to $279 billion as of July 26, 2026. These supply commitments are for our data center infrastructure systems, primarily memory and manufacturing facilities, to produce our products for long-term demand across current and future product architectures. We enter into agreements with our suppliers that allow them to procure inventory based upon our defined criteria, and in certain instances, these agreements may be cancelable, rescheduled, or adjustable for our business needs prior to placing firm orders. Changes to these agreements may result in additional costs.
Cloud service agreements – These commitments provide the cloud infrastructure to support our research and development of our open models, such as NVIDIA Nemotron, Cosmos, and GR00T, and our autonomous vehicle software.
Data center leases not commenced – These leases will be primarily used for engineering, product design, and testing of our compute chips, networking products, and systems. They are expected to begin between the third quarter of fiscal year 2027 and fiscal year 2033 and have terms up to twenty years. Many of the expected lease start dates are subject to and dependent on timing of facility construction completion. Refer to Note 14 of the Notes to Condensed Consolidated Financial Statements for additional information on our leases that have commenced and are recognized in our financial statements.
Equity investments – We committed to make certain equity investments in AI model makers, infrastructure financiers, and other private companies, subject to certain contingencies.
Capital expenditures – Our capital expenditures primarily include obligations for data center equipment and infrastructure used for engineering and manufacturing operations.
Additional Commitments and Guarantees
Securing land, power, and shell for data centers is a critical phase in the AI infrastructure buildout. We have entered into arrangements to assist select customers with securing the land, power, shell, and data center capacity needed to support their growth. These strategic commitments and guarantees may impact our financial results and are dependent on the performance of our customers and partners.
Additional Commitments
Future commitments by fiscal year as of July 26, 2026, were as follows:
Remainder of 202720282029203020312032 and thereafterTotal
(In billions)
AI cloud agreements$— $6 $8 $7 $6 $9 $36 
Data center leases not commenced for third party— — 1 1 1 17 20 
Total$— $6 $9 $8 $7 $26 $56 
AI cloud agreements – We have partnered with leading AI clouds to enable broader access to our AI infrastructure to serve AI startups, model builders, enterprises, research organizations and sovereign customers. Under these agreements, AI clouds procure our data center infrastructure products and we commit to cloud service agreements, which the AI clouds can unilaterally stop providing to us and sell to third-party customers at more advantageous rates. Our commitments
decrease as capacity is used by third-party customers or by us for our research and development efforts. If certain criteria are met, we will participate in revenue share generated by the AI clouds from third-party customers.
Data center leases not commenced for third party – We have entered into data center leases with terms of approximately fifteen years that are expected to commence between fiscal year 2028 and fiscal year 2029. The expected lease start dates are subject to and dependent on timing of construction completion. We expect to reassign these data center leases to third parties. Refer to Note 14 of the Notes to Condensed Consolidated Financial Statements for additional information on our leases.
Guarantees
Land, power, and shell guarantees for AI clouds – We entered into land, power, and shell guarantees for select AI cloud partners’ data center lease obligations in the event of their default. The maximum gross exposure under all agreements is $3.5 billion. Refer to Note 8 of the Notes to Condensed Consolidated Financial Statements for additional information on our derivatives.
SB Energy Corp. guarantees – In August 2026, we entered into guarantees, capped at a total of $105 billion, to provide credit support on a land, power, and shell buildout with affiliates of SB Energy Corp. (SB Energy) on behalf of a customer, an affiliate of OpenAI Group PBC (OpenAI), related to leases for approximately 4.25 gigawatts of IT load in the aggregate at SB Energy’s PORTS Technology Campus in Pike County, Ohio. Each guarantee generally becomes effective upon commencement of the applicable lease, with corresponding guarantee amounts increasing, as each of the nine phases of data center construction is completed, the first of which is expected in fiscal year 2029. Our payment obligations under the guarantees are triggered upon certain tenant defaults and the amount is expected to decrease over the course of each phase’s 20-year lease term. Our guarantees are limited to defined portions of lease and power payments and not the full cost of the site or all of the tenant’s obligations. The guarantees terminate upon certain events, including OpenAI achieving a satisfactory credit rating or after each respective lease term has completed. In exchange for the guarantees, the site will exclusively host NVIDIA AI infrastructure, subject to limited exceptions. We also hold an option, exercisable in our sole discretion, to provide additional credit support in phases for approximately 3.8 additional gigawatts as the site scales.
The following table summarizes the maximum gross exposure related to our guarantees, including the SB Energy Corp. guarantees signed in August 2026 (in billions):
Land, power, and shell guarantees for AI clouds$3.5 
SB Energy Corp. guarantees
105.0 
Total$108.5 
Accrual for Product Warranty Liabilities
The estimated product returns and product warranty activity consisted of the following:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Balance at beginning of period$2,948 $2,080 $2,807 $1,290 
Additions391 220 720 1,090 
Utilization(401)(156)(589)(236)
Balance at end of period$2,938 $2,144 $2,938 $2,144 
For the second quarter and first half of fiscal years 2027 and 2026, the additions in product warranty liabilities primarily related to our Compute & Networking segment.
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 recognized 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. 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. On March 25, 2026, the district court granted plaintiffs’ motion for class certification and certified a class of investors consisting of all persons or entities who purchased or otherwise acquired NVIDIA common stock between August 10, 2017, and November 15, 2018, inclusive, excluding certain persons and entities, such as NVIDIA’s officers and directors, and members of their immediate families, among others.
The putative derivative lawsuit pending in the United States District Court for the Northern District of California, captioned 4:19-cv-00341-HSG, initially filed January 18, 2019 and titled In re NVIDIA Corporation Consolidated Derivative Litigation, was stayed pending resolution of the plaintiffs’ appeal in the In Re NVIDIA Corporation Securities Litigation action. On February 22, 2022, the court administratively closed the case, but stated that it would reopen the case once the appeal in the In Re NVIDIA Corporation Securities Litigation action is resolved. The case has not yet been reopened by the court. The lawsuit asserts claims, purportedly on behalf of us, against certain officers and directors of the Company for breach of fiduciary duty, unjust enrichment, waste of corporate assets, and violations of Sections 14(a), 10(b), and 20(a) of the Exchange Act based on the dissemination of allegedly false and misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand. The plaintiffs are seeking unspecified damages and other relief, including reforms and improvements to NVIDIA’s corporate governance and internal procedures.
The putative derivative actions initially filed September 24, 2019 and pending in the United States District Court for the District of Delaware, Lipchitz v. Huang, et al. (Case No. 1:19-cv-01795-MN) and Nelson v. Huang, et al. (Case No. 1:19-cv-01798-MN), were stayed pending resolution of the plaintiffs’ appeal in the In Re NVIDIA Corporation Securities Litigation action. On March 7, 2025, after the Supreme Court issued its judgment dismissing the Company’s petition for writ of certiorari as improvidently granted in the In Re NVIDIA Securities Litigation action, the district court adopted the parties’ stipulation to extend the stay until the final and complete resolution of the In Re NVIDIA Corporation Securities Litigation action. The lawsuits assert claims, purportedly on behalf of us, against certain officers and directors of the Company for breach of fiduciary duty, unjust enrichment, insider trading, misappropriation of information, corporate waste and violations of Sections 14(a), 10(b), and 20(a) of the Exchange Act based on the dissemination of allegedly false and misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand. The plaintiffs seek unspecified damages and other relief, including disgorgement of profits from the sale of NVIDIA stock and unspecified corporate governance measures.
Another putative derivative action was filed on October 30, 2023 in the Court of Chancery of the State of Delaware, captioned Horanic v. Huang, et al. (Case No. 2023-1096-KSJM). This lawsuit asserts claims, purportedly on behalf of us, against certain officers and directors of the Company for breach of fiduciary duty and insider trading based on the dissemination of allegedly false and misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand. The plaintiffs seek unspecified damages and other relief, including disgorgement of profits from the sale of NVIDIA stock and reform of unspecified corporate governance measures. On August 11, 2025, the court granted the parties’ stipulation to voluntarily dismiss with prejudice plaintiff City of Westland Police and Fire Retirement System. This derivative matter is stayed pending the final resolution of In Re NVIDIA Corporation Securities Litigation action.
Accounting for Loss Contingencies
As of July 26, 2026, there are no accrued contingent liabilities associated with the legal proceedings described above based on our belief that liabilities, while reasonably possible, are not probable. Further, any possible loss or range of loss in these matters cannot be reasonably estimated at this time. We are engaged in legal actions not described above arising in the ordinary course of business, as well as regulatory and government inquiries and investigations, and, while there can be no assurance of favorable outcomes, we believe that the ultimate outcome of these matters will not have a material adverse effect on our operating results, liquidity or financial position. These matters are subject to inherent uncertainties and if the ultimate outcome is unfavorable, there exists the possibility of a material adverse impact on our operating results, liquidity or financial position in the period the outcome becomes estimable and probable.
v3.26.1
Income Taxes
 6 Months Ended
Jul. 26, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income tax expense was $11.8 billion and $4.8 billion for the second quarter, and $23.4 billion and $7.9 billion for the first half, of fiscal years 2027 and 2026, respectively. Income tax as a percentage of income before income tax was 16.5% and 15.3% for the second quarter, and 16.5% and 14.9% for the first half, of fiscal years 2027 and 2026, respectively.
The effective tax rate increased primarily due to a lower percentage of tax benefits from stock-based compensation, foreign-derived deduction eligible income, and the U.S. federal research tax credit relative to the increase in income before income tax.
Our effective tax rates for the first half of fiscal years 2027 and 2026 were lower than the U.S. federal statutory rate of 21% primarily due to tax benefits from foreign-derived deduction eligible income, income earned in jurisdictions that were subject to taxes at rates lower than the U.S. federal statutory tax rate, stock-based compensation, and the U.S. federal research tax credit.
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 recognized in the future may change as revised estimates are made or the underlying matters are settled or otherwise resolved with the respective tax authorities.
We are currently under examination by the Internal Revenue Service for our fiscal years 2023 and 2024.
v3.26.1
Shareholders' Equity
 6 Months Ended
Jul. 26, 2026
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
Capital Return Program
We repurchased 94 million and 67 million shares of our common stock for $19.7 billion and $9.7 billion during the second quarter of fiscal years 2027 and 2026, respectively, and 203 million and 193 million shares of our common stock for $39.8 billion and $24.2 billion during the first half of fiscal years 2027 and 2026, respectively.
On May 18, 2026, our Board of Directors approved an additional $80.0 billion in share repurchase authorization, without expiration. As of July 26, 2026, we were authorized, subject to certain specifications, to repurchase up to $99.3 billion of our common stock.
We paid cash dividends to our shareholders of $6.0 billion and $244 million during the second quarter, and $6.3 billion and $488 million during the first half, of fiscal years 2027 and 2026, respectively. On May 18, 2026, we increased our quarterly cash dividend from $0.01 per share to $0.25 per share.
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.
v3.26.1
Segment Information
 6 Months Ended
Jul. 26, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Our Chief Executive Officer is our chief operating decision maker, or CODM, and reviews financial information presented on an operating segment basis for purposes of making decisions and assessing financial performance. Our CODM assesses operating performance of each segment based on regularly provided segment revenue and segment operating income. Operating results by segment include costs or expenses directly attributable to each segment, and costs or expenses that are leveraged across our unified architecture and therefore allocated between our two segments. Our CODM reviews expenses on a consolidated basis, and expenses attributable to each segment are not regularly provided to our CODM.
The Compute & Networking segment includes our Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions including software.
The Graphics segment includes GeForce GPUs for gaming and PCs, and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics.
Certain expenses are not allocated to either Compute & Networking or Graphics for purposes of making operating decisions or assessing financial performance. The expenses include stock-based compensation expense, corporate infrastructure and support costs, acquisition-related and other costs, and other non-recurring charges and benefits that our CODM deems to be enterprise in nature.

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

Compute & NetworkingGraphics
Total
(In millions)
Three Months Ended Jul 26, 2026
Revenue$88,299 $7,922 $96,221 
Other segment items (1)25,603 4,023 29,626 
Operating income$62,696 $3,899 $66,595 
Three Months Ended Jul 27, 2025
Revenue$41,331 $5,412 $46,743 
Other segment items (1)12,968 3,170 16,138 
Operating income$28,363 $2,242 $30,605 
Six Months Ended Jul 26, 2026
Revenue$162,850 $14,987 $177,837 
Other segment items (1)46,819 8,147 54,966 
Operating income$116,031 $6,840 $122,871 
Six Months Ended Jul 27, 2025
Revenue$80,920 $9,885 $90,805 
Other segment items (1)30,503 6,003 36,506 
Operating income$50,417 $3,882 $54,299 
(1)    Other segment items primarily include product costs and inventory provisions, compensation and benefits excluding stock-based compensation expense, computing infrastructure expenses, and engineering development costs.
Depreciation and amortization expense attributable to our Compute & Networking segment was $642 million and $383 million for the second quarter, and $1.2 billion and $684 million for the first half, of fiscal years 2027 and 2026, respectively. Depreciation and amortization expense attributable to our Graphics segment was $204 million and $148 million for the second quarter, and $399 million and $252 million for the first half, of fiscal years 2027 and 2026, respectively. Acquisition-related intangible amortization expense is not allocated to either Compute & Networking or Graphics for purposes of making operating decisions or assessing financial performance.
Reconciliation of segment operating income to consolidated income before income tax for the second quarter and first half of fiscal years 2027 and 2026 was as follows:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Segment operating income
$66,595 $30,605 $122,871 $54,299 
Stock-based compensation expense(2,027)(1,624)(3,954)(3,099)
Unallocated operating expenses
(612)(440)(1,178)(859)
Acquisition-related and other costs(222)(101)(469)(263)
Other income, net7,773 2,766 24,140 3,039 
Consolidated income before income tax
$71,507 $31,206 $141,410 $53,117 
Revenue by geographic region is designated based on the location of the headquarters of direct customers. The end customer and shipping location may be different from our direct customers’ headquarters location.
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Geographic Revenue based upon Customer Headquarters Location:
United States
$60,074 $32,897 $123,843 $58,582 
Taiwan26,985 8,902 38,991 16,550 
China (including Hong Kong)7,880 3,985 12,430 13,644 
Other1,282 959 2,573 2,029 
Total revenue$96,221 $46,743 $177,837 $90,805 
Revenue from sales to customers headquartered outside of the United States accounted for 38% and 30% of total revenue for the second quarter and first half of fiscal year 2027, respectively, and 30% and 35% of total revenue for the second quarter and first half of fiscal year 2026, respectively.
We refer to customers who purchase products directly from NVIDIA as direct customers, such as AIBs, distributors, ODMs, OEMs, CSPs, AI model makers, and system integrators. Certain direct customers may use either internal resources or third-party system integrators to complete their build. We refer to indirect customers as those who purchase products through our direct customers; indirect customers include CSPs, AI clouds, AI model makers, enterprises, and public sector entities. Our revenue is concentrated among a limited number of direct and indirect customers and this trend may continue.
For the second quarter of fiscal year 2027, one direct customer represented 16% of total revenue, which was primarily attributable to the Compute & Networking segment. For the first half of fiscal year 2027, three direct customers represented 16%, 15%, and 13% of total revenue, all of which was primarily attributable to the Compute & Networking segment.
For the second quarter of fiscal year 2026, two direct customers represented 23% and 16% of total revenue, all of which was primarily attributable to the Compute & Networking segment. For the first half of fiscal year 2026, two direct customers represented 20% and 15% of total revenue, all of which was primarily attributable to the Compute & Networking segment.
In the first quarter of fiscal year 2027, we changed our presentation of revenue by market platform, and the comparable periods were recast. During the second quarter of fiscal year 2027, we reclassified a company from AI Clouds, Industrial, & Enterprise (ACIE) to Hyperscale due to a change in their business model and recast the prior period revenue associated with this company.
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Revenue by Market Platform
Data Center$89,023 $41,096 $164,269 $80,208 
Hyperscale48,710 24,168 91,761 46,428 
AI Clouds, Industrial, & Enterprise40,313 16,928 72,508 33,780 
Edge Computing7,198 5,647 13,568 10,597 
Total revenue$96,221 $46,743 $177,837 $90,805 
v3.26.1
Leases
 6 Months Ended
Jul. 26, 2026
Leases [Abstract]  
Leases Leases
Our lease obligations primarily consist of operating leases for our data centers and offices, with lease periods expiring between fiscal years 2027 and 2075.
Future minimum lease obligations under our non-cancelable lease agreements as of July 26, 2026, were as follows:
Operating Lease Obligations
(In millions)
Fiscal Year:
2027 (the second half of fiscal year 2027)$354 
2028718 
2029715 
2030648 
2031586 
2032 and thereafter4,186 
Total7,207 
Less imputed interest1,713 
Present value of net future minimum lease payments5,494 
Less short-term operating lease liabilities509 
Long-term operating lease liabilities$4,985 
As of July 26, 2026, our operating leases have a weighted average remaining lease term of 10.9 years and a weighted average discount rate of 4.69%. As of January 25, 2026, our operating leases had a weighted average remaining lease term of 8.8 years and a weighted average discount rate of 4.38%.
Operating lease costs were $208 million and $109 million for the second quarter, and $379 million and $210 million for the first half, of fiscal years 2027 and 2026, respectively. Short-term, variable, and finance lease costs for the second quarter and first half of fiscal years 2027 and 2026 were not significant.
Other information related to leases was as follows:
Six Months Ended
Jul 26, 2026Jul 27, 2025
(In millions)
Supplemental cash flows information
Operating cash flow used for operating leases$353 $200 
Operating lease assets obtained in exchange for lease obligations$2,792 $458 
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Jul. 26, 2026
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
NameTitle of Director or OfficerActionDateTotal Shares of Common Stock to be SoldExpiration Date
Aarti ShahDirectorAdoption5/22/20266,5005/29/2027
Timothy S. TeterExecutive Vice President, General Counsel and SecretaryAdoption5/22/2026
547,942 and any future equity awards*
12/13/2027
Colette M. KressExecutive Vice President and Chief Financial OfficerAdoption6/16/2026
375,439**
12/14/2027
* Includes 367,942 shares from future vests of equity awards, assuming the maximum number of shares issuable under performance-based equity awards where performance is yet to be certified, as well as shares from vests of any future equity grants awarded during the term of the plan. The actual number of shares to be sold will be net of shares withheld by the Company for taxes.
** Represents shares from future vests of equity awards, assuming the maximum number of shares issuable under performance-based equity awards where performance is yet to be certified. The actual number of shares to be sold will be net of shares withheld by the Company for taxes.
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Aarti Shah [Member]  
Trading Arrangements, by Individual  
Name Aarti Shah
Title Director
Rule 10b5-1 Arrangement Adopted true
Adoption Date 5/22/2026
Expiration Date 5/29/2027
Arrangement Duration 372 days
Aggregate Available 6,500
Timothy S. Teter [Member]  
Trading Arrangements, by Individual  
Name Timothy S. Teter
Title Executive Vice President, General Counsel and Secretary
Rule 10b5-1 Arrangement Adopted true
Adoption Date 5/22/2026
Expiration Date 12/13/2027
Arrangement Duration 570 days
Aggregate Available 547,942
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 6/16/2026
Expiration Date 12/14/2027
Arrangement Duration 546 days
Aggregate Available 375,439
v3.26.1
Summary of Significant Accounting Policies (Policies)
 6 Months Ended
Jul. 26, 2026
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 25, 2026, 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 25, 2026, 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 25, 2026.
Reclassification
Certain prior fiscal year balances have been reclassified to conform to the current period presentation.
Fiscal Year
Fiscal Year
Fiscal year 2027 is a 53-week year, and fiscal year 2026 was a 52-week year, both ending on the last Sunday in January. The second quarters of fiscal years 2027 and 2026 were both 13-week quarters. The fourth quarter of fiscal year 2027 will be a 14-week quarter.
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.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
Recent Accounting Pronouncements Not Yet Adopted
In November 2024, the Financial Accounting Standards Board, or FASB, issued a new accounting standard requiring disclosures of certain additional expense information on an annual and interim basis, including, among other items, the amounts of purchases of inventory, employee compensation, depreciation, and intangible asset amortization included within each income statement expense caption, as applicable. We will adopt this standard in the fiscal year 2028 annual report. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements other than additional disclosures.
v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jul. 26, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
Condensed Consolidated Statements of Income include stock-based compensation expense as follows:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Cost of revenue$71 $58 $139 $123 
Research and development1,551 1,191 3,010 2,254 
Sales, general and administrative405 375 805 722 
Total$2,027 $1,624 $3,954 $3,099 
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 25, 2026
189 $81.51 
Granted49 $183.74 
Vested(63)$54.60 
Canceled and forfeited(7)$102.16 
Balance as of Jul 26, 2026
168 $120.41 
v3.26.1
Net Income Per Share (Tables)
 6 Months Ended
Jul. 26, 2026
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted Net Income Per Share Computations
The following are the basic and diluted net income per share computations for the periods presented:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions, except per share data)
Numerator:
Net income$59,688 $26,422 $118,010 $45,197 
Denominator:
Basic weighted average shares24,190 24,366 24,238 24,404 
Dilutive impact of outstanding equity awards95 166 100 167 
Diluted weighted average shares24,285 24,532 24,338 24,571 
Net income per share:
Basic (1)$2.47 $1.08 $4.87 $1.85 
Diluted (2)$2.46 $1.08 $4.85 $1.84 
Anti-dilutive equity awards excluded from diluted net income per share7 3 52 60 
(1)    Net income divided by basic weighted average shares.
(2)    Net income divided by diluted weighted average shares.
v3.26.1
Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jul. 26, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of the Components of Our Intangible Assets
The components of our intangible assets are as follows:
Jul 26, 2026Jan 25, 2026
Gross
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
(In millions)
Acquisition-related intangible assets$5,737 $(2,974)$2,763 $5,656 $(2,580)$3,076 
Patents and licensed technology557 (322)235 528 (298)230 
Total intangible assets$6,294 $(3,296)$2,998 $6,184 $(2,878)$3,306 
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 July 26, 2026:
Future Amortization Expense
(In millions)
Fiscal Year:
2027 (the second half of fiscal year 2027)
$482 
2028795 
2029642 
2030528 
2031468 
2032 and thereafter83 
Total$2,998 
v3.26.1
Cash Equivalents and Marketable Securities (Tables)
 6 Months Ended
Jul. 26, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash Equivalents and Marketable Securities
The following is a summary of cash equivalents and marketable securities:
Jul 26, 2026
Pricing CategoryCost or Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
Cash EquivalentsMarketable Debt SecuritiesMarketable Equity SecuritiesOther Assets
(In millions)
Debt securities issued by the U.S. TreasuryLevel 2$45,367 $8 $(54)$45,321 $12,318 $33,003 $— $— 
Debt securities issued by U.S. government agenciesLevel 21,541 — (2)1,539 399 1,140 — — 
Money market fundsLevel 18,633 — — 8,633 8,633 — — — 
Publicly-held equity securities (1) (2)Level 136,934 — — 31,977 4,957 
Publicly-held equity securities (1) (3)Level 210,806 — — 10,806 — 
Total$55,541 $8 $(56)$103,233 $21,350 $34,143 $42,783 $4,957 
(1)    Included $36.9 billion of investments that are subject to short-term lock-up restrictions on the ability to sell.
(2)    The long-term portion of publicly-held equity securities, which are subject to lock-up restrictions through December 2027 of $5.0 billion as of July 26, 2026, was included in Other assets.
(3)    Included investments in unregistered warrants and preferred stock convertible to common stock in public companies.
Jan 25, 2026
Pricing CategoryCost or Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
Cash EquivalentsMarketable Debt SecuritiesMarketable Equity SecuritiesOther Assets
(In millions)
Debt securities issued by the U.S. TreasuryLevel 2$21,635 $77 $(3)$21,709 $— $21,709 $— $— 
Corporate debt securitiesLevel 215,410 92 (3)15,499 345 15,154 — — 
Debt securities issued by U.S. government agenciesLevel 22,157 4 — 2,161 — 2,161 — — 
Certificates of depositLevel 2110 — — 110 110 — — — 
Foreign government bondsLevel 240 1 — 41 — 41 — — 
Money market fundsLevel 17,830 — — 7,830 7,830 — — — 
Publicly-held equity securities (1) (2)Level 117,726 — — 12,886 4,840 
Total$47,182 $174 $(6)$65,076 $8,285 $39,065 $12,886 $4,840 
(1)    Included $10.5 billion of investments that are subject to short-term lock-up restrictions on the ability to sell.
(2)    The long-term portion of publicly-held equity securities, which are subject to lock-up restrictions through December 2027 of $4.8 billion as of January 25, 2026, was included in Other assets.
v3.26.1
Non-marketable Securities (Tables)
 6 Months Ended
Jul. 26, 2026
Fair Value Disclosures [Abstract]  
Schedule of Non-marketable Equity Securities
Adjustments to the carrying value of privately-held securities:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Balance at beginning of period$42,336 $3,240 $22,251 $3,387 
Adjustments related to non-marketable equity securities:
Net additions13,106 299 31,005 948 
Unrealized gains (1)4,900 267 7,504 330 
Reclassification (2)(12,323)(5)(12,712)(848)
Impairments and unrealized losses (1)(121)(2)(150)(18)
Balance at end of period$47,898 $3,799 $47,898 $3,799 
(1)    Unrealized gains, losses, and impairments are recognized in Other income, net, in the Condensed Consolidated Statements of Income.
(2)    Included reclassifications primarily related to marketable securities following public market trading.
v3.26.1
Supplemental Financial Statement Information (Tables)
 6 Months Ended
Jul. 26, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Certain balance sheet components were as follows:
Jul 26, 2026Jan 25, 2026
Inventories:(In millions)
Raw materials$11,341 $3,807 
Work in process13,377 8,822 
Finished goods6,857 8,774 
Total inventories (1)$31,575 $21,403 
(1)    We recognized inventory provisions of $784 million and $886 million for the second quarter, and $1.6 billion and $3.2 billion for the first half, of fiscal years 2027 and 2026, respectively, in Cost of revenue.
Schedule of Accrued and Other Current Liabilities
Jul 26, 2026Jan 25, 2026
Accrued and Other Current Liabilities:(In millions)
Customer program accruals$7,391 $5,318 
Taxes payable
5,206 2,669 
Deferred revenue (1)4,616 1,379 
Product warranty
2,938 2,807 
Excess inventory purchase obligations (2)
2,138 2,739 
Accrued payroll and related expenses1,206 1,146 
Accrued purchase consideration (3)986 3,921 
Other2,479 1,373 
Total accrued and other current liabilities$26,960 $21,352 
(1)    Included customer advances and unearned revenue primarily related to hardware and software support, and license and development arrangements. The balance as of July 26, 2026, and January 25, 2026, included $2.8 billion and $160 million of customer advances, respectively.
(2)    We recognized $201 million and $137 million for the second quarter, and $501 million and $3.1 billion for the first half, of fiscal years 2027 and 2026, respectively, in Cost of revenue.
(3)    Related to the Groq, Inc. non-exclusive license agreement.
Schedule of Other Long-term Liabilities
Jul 26, 2026Jan 25, 2026
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$5,602 $3,958 
Deferred revenue (2)1,796 1,193 
Deferred income tax1,619 1,774 
Other1,901 381 
Total other long-term liabilities$10,918 $7,306 
(1)    Primarily comprised of unrecognized tax benefits and related interest and penalties.
(2)    Included unearned revenue related to hardware and software support.
Schedule of Changes in Deferred Revenue
The following table shows the changes in short- and long-term deferred revenue during the first half of fiscal years 2027 and 2026:
Six Months Ended
Jul 26, 2026Jul 27, 2025
(In millions)
Balance at beginning of period$2,572 $1,813 
Deferred revenue additions (1)17,709 8,275 
Revenue recognized (2)(13,869)(8,053)
Balance at end of period$6,412 $2,035 
(1)    Included $15.6 billion and $7.5 billion of customer advances for the first half of fiscal years 2027 and 2026, respectively.
(2)    Included $13.0 billion and $7.5 billion related to customer advances for the first half of fiscal years 2027 and 2026, respectively.
Schedule of Other Income, Net
Other income, net, consisted of the following:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Interest income$496 $592 $1,037 $1,108 
Interest expense(227)(62)(329)(124)
Gains from equity securities, net7,771 2,247 23,707 2,073 
Other(267)(11)(275)(18)
Other income, net$7,773 $2,766 $24,140 $3,039 
v3.26.1
Derivative Financial Instruments (Tables)
 6 Months Ended
Jul. 26, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Value of Our Foreign Currency Contracts Outstanding
The table below presents the notional values of our derivatives outstanding:
Jul 26, 2026Jan 25, 2026
(In millions)
Foreign currency contracts designated as accounting hedges$2,162 $1,765 
Not designated as accounting hedges:
Foreign currency contracts$2,252 $2,332 
Land, power, and shell guarantees for AI clouds (1)$3,529 $3,530 
Public company warrants$4,800 $— 
Equity forward contract$1,000 $— 
(1)    The maximum gross exposure under all agreements is reduced as the partners make payments to the lessors over terms ranging from five to seven years. The partners have placed $712 million in escrow to partially mitigate our potential exposure, which is not reflected in the notional value.
v3.26.1
Debt (Tables)
 6 Months Ended
Jul. 26, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Expected
Remaining Term (years)		Effective
Interest Rate
Jul 26, 2026Jan 25, 2026
(In millions)
3.20% Notes Due 2026
0.13.31%$1,000 $1,000 
4.25% Notes Due 2028
1.94.39%3,500 — 
1.55% Notes Due 2028
1.91.64%1,250 1,250 
4.35% Notes Due 2029
2.94.45%3,500 — 
2.85% Notes Due 2030
3.72.93%1,500 1,500 
4.50% Notes Due 2031
4.94.60%4,000 — 
2.00% Notes Due 2031
4.92.09%1,250 1,250 
4.75% Notes Due 2033
6.94.82%3,500 — 
4.95% Notes Due 2036
9.95.01%4,000 — 
3.50% Notes Due 2040
13.73.54%1,000 1,000 
5.55% Notes Due 2046
19.95.61%3,000 — 
3.50% Notes Due 2050
23.73.54%2,000 2,000 
5.625% Notes Due 2056
29.95.66%3,500 — 
3.70% Notes Due 2060
33.73.73%500 500 
Unamortized debt discount and issuance costs(134)(32)
Net carrying amount
$33,366 $8,468 
Less short-term portion(1,000)(999)
Total long-term portion$32,366 $7,469 
v3.26.1
Commitments and Contingencies (Tables)
 6 Months Ended
Jul. 26, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Other Commitments
Future commitments by fiscal year as of July 26, 2026, were as follows:
Remainder of 202720282029203020312032 and thereafterTotal
(In billions)
Supply and capacity$92 $87 $88 $6 $5 $1 $279 
Cloud service agreements3 8 7 6 4 1 29 
Data center leases not commenced— 1 1 2 1 20 25 
Equity investments18 3 2 2 — — 25 
Capital expenditures7 1 — — — — 8 
Total$120 $100 $98 $16 $10 $22 $366 
Future commitments by fiscal year as of July 26, 2026, were as follows:
Remainder of 202720282029203020312032 and thereafterTotal
(In billions)
AI cloud agreements$— $6 $8 $7 $6 $9 $36 
Data center leases not commenced for third party— — 1 1 1 17 20 
Total$— $6 $9 $8 $7 $26 $56 
Schedule of Product Warranty Activity
The estimated product returns and product warranty activity consisted of the following:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Balance at beginning of period$2,948 $2,080 $2,807 $1,290 
Additions391 220 720 1,090 
Utilization(401)(156)(589)(236)
Balance at end of period$2,938 $2,144 $2,938 $2,144 
Schedule of Maximum Gross Exposure Related to Guarantees
The following table summarizes the maximum gross exposure related to our guarantees, including the SB Energy Corp. guarantees signed in August 2026 (in billions):
Land, power, and shell guarantees for AI clouds$3.5 
SB Energy Corp. guarantees
105.0 
Total$108.5 
v3.26.1
Segment Information (Tables)
 6 Months Ended
Jul. 26, 2026
Segment Reporting [Abstract]  
Schedule of Reportable Segments The table below presents details of our reportable segments.

Compute & NetworkingGraphics
Total
(In millions)
Three Months Ended Jul 26, 2026
Revenue$88,299 $7,922 $96,221 
Other segment items (1)25,603 4,023 29,626 
Operating income$62,696 $3,899 $66,595 
Three Months Ended Jul 27, 2025
Revenue$41,331 $5,412 $46,743 
Other segment items (1)12,968 3,170 16,138 
Operating income$28,363 $2,242 $30,605 
Six Months Ended Jul 26, 2026
Revenue$162,850 $14,987 $177,837 
Other segment items (1)46,819 8,147 54,966 
Operating income$116,031 $6,840 $122,871 
Six Months Ended Jul 27, 2025
Revenue$80,920 $9,885 $90,805 
Other segment items (1)30,503 6,003 36,506 
Operating income$50,417 $3,882 $54,299 
(1)    Other segment items primarily include product costs and inventory provisions, compensation and benefits excluding stock-based compensation expense, computing infrastructure expenses, and engineering development costs.
Reconciliation of segment operating income to consolidated income before income tax for the second quarter and first half of fiscal years 2027 and 2026 was as follows:
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Segment operating income
$66,595 $30,605 $122,871 $54,299 
Stock-based compensation expense(2,027)(1,624)(3,954)(3,099)
Unallocated operating expenses
(612)(440)(1,178)(859)
Acquisition-related and other costs(222)(101)(469)(263)
Other income, net7,773 2,766 24,140 3,039 
Consolidated income before income tax
$71,507 $31,206 $141,410 $53,117 
Schedule of Revenue by Geographic Regions
Revenue by geographic region is designated based on the location of the headquarters of direct customers. The end customer and shipping location may be different from our direct customers’ headquarters location.
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Geographic Revenue based upon Customer Headquarters Location:
United States
$60,074 $32,897 $123,843 $58,582 
Taiwan26,985 8,902 38,991 16,550 
China (including Hong Kong)7,880 3,985 12,430 13,644 
Other1,282 959 2,573 2,029 
Total revenue$96,221 $46,743 $177,837 $90,805 
Schedule of Revenue by Market Platform
In the first quarter of fiscal year 2027, we changed our presentation of revenue by market platform, and the comparable periods were recast. During the second quarter of fiscal year 2027, we reclassified a company from AI Clouds, Industrial, & Enterprise (ACIE) to Hyperscale due to a change in their business model and recast the prior period revenue associated with this company.
Three Months EndedSix Months Ended
Jul 26, 2026Jul 27, 2025Jul 26, 2026Jul 27, 2025
(In millions)
Revenue by Market Platform
Data Center$89,023 $41,096 $164,269 $80,208 
Hyperscale48,710 24,168 91,761 46,428 
AI Clouds, Industrial, & Enterprise40,313 16,928 72,508 33,780 
Edge Computing7,198 5,647 13,568 10,597 
Total revenue$96,221 $46,743 $177,837 $90,805 
v3.26.1
Leases (Tables)
 6 Months Ended
Jul. 26, 2026
Leases [Abstract]  
Schedule of Future Minimum Lease Obligations
Future minimum lease obligations under our non-cancelable lease agreements as of July 26, 2026, were as follows:
Operating Lease Obligations
(In millions)
Fiscal Year:
2027 (the second half of fiscal year 2027)$354 
2028718 
2029715 
2030648 
2031586 
2032 and thereafter4,186 
Total7,207 
Less imputed interest1,713 
Present value of net future minimum lease payments5,494 
Less short-term operating lease liabilities509 
Long-term operating lease liabilities$4,985 
Schedule of Other Information Related to Leases
Other information related to leases was as follows:
Six Months Ended
Jul 26, 2026Jul 27, 2025
(In millions)
Supplemental cash flows information
Operating cash flow used for operating leases$353 $200 
Operating lease assets obtained in exchange for lease obligations$2,792 $458 
v3.26.1
Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Share-based Compensation        
Stock-based compensation expense $ 2,027 $ 1,624 $ 3,954 $ 3,099
Income Statement Location [Axis]: us-gaap:CostOfRevenue        
Share-based Compensation        
Stock-based compensation expense 71 58 139 123
Income Statement Location [Axis]: us-gaap:ResearchAndDevelopmentExpense        
Share-based Compensation        
Stock-based compensation expense 1,551 1,191 3,010 2,254
Income Statement Location [Axis]: us-gaap:SellingGeneralAndAdministrativeExpense        
Share-based Compensation        
Stock-based compensation expense $ 405 $ 375 $ 805 $ 722
v3.26.1
Stock-Based Compensation - Schedule of Equity Awards (Details) - RSUs, PSUs, and Market-based PSUs
shares in Millions
 6 Months Ended
Jul. 26, 2026
$ / shares
shares
Number of Shares  
Outstanding, beginning balance (in shares) | shares 189
Granted (in shares) | shares 49
Vested (in shares) | shares (63)
Canceled and forfeited (in shares) | shares (7)
Outstanding, ending balance (in shares) | shares 168
Weighted Average Grant-Date Fair Value Per Share  
Weighted average grant date fair value, beginning balance (in dollars per share) | $ / shares $ 81.51
Weighted average grant date fair value, granted (in dollars per share) | $ / shares 183.74
Weighted average grant date fair value, Vested (in dollars per share) | $ / shares 54.60
Weighted average grant date fair value, canceled and forfeited (in dollars per share) | $ / shares 102.16
Weighted average grant date fair value, ending balance (in dollars per share) | $ / shares $ 120.41
v3.26.1
Stock-Based Compensation - Narrative (Details)
$ in Billions
 6 Months Ended
Jul. 26, 2026
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unearned stock-based compensation expense $ 19.4
RSUs, PSUs, and Market-based PSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Estimated weighted average amortization period 2 years 7 months 6 days
Employee Stock Purchase Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Estimated weighted average amortization period 10 months 24 days
v3.26.1
Net Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Numerator:        
Net income $ 59,688 $ 26,422 $ 118,010 $ 45,197
Denominator:        
Basic weighted average shares (in shares) 24,190 24,366 24,238 24,404
Dilutive impact of outstanding equity awards (in shares) 95 166 100 167
Diluted weighted average shares (in shares) 24,285 24,532 24,338 24,571
Net income per share:        
Basic (in dollars per share) $ 2.47 $ 1.08 $ 4.87 $ 1.85
Diluted (in dollars per share) $ 2.46 $ 1.08 $ 4.85 $ 1.84
Anti-dilutive equity awards excluded from diluted net income per share (in shares) 7 3 52 60
v3.26.1
Intangible Assets and Goodwill (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Jan. 25, 2026
Amortizable intangible assets components          
Gross Carrying Amount $ 6,294   $ 6,294   $ 6,184
Accumulated Amortization (3,296)   (3,296)   (2,878)
Net Carrying Amount 2,998   2,998   3,306
Amortization expense 237 $ 84 470 $ 243  
Amortization expense associated with intangible assets          
2027 (the second half of fiscal year 2027) 482   482    
2028 795   795    
2029 642   642    
2030 528   528    
2031 468   468    
2032 and thereafter 83   83    
Net Carrying Amount 2,998   2,998   3,306
Increase in carrying amount of goodwill     293    
Acquisition-related intangible assets          
Amortizable intangible assets components          
Gross Carrying Amount 5,737   5,737   5,656
Accumulated Amortization (2,974)   (2,974)   (2,580)
Net Carrying Amount 2,763   2,763   3,076
Amortization expense associated with intangible assets          
Net Carrying Amount 2,763   2,763   3,076
Patents and licensed technology          
Amortizable intangible assets components          
Gross Carrying Amount 557   557   528
Accumulated Amortization (322)   (322)   (298)
Net Carrying Amount 235   235   230
Amortization expense associated with intangible assets          
Net Carrying Amount $ 235   $ 235   $ 230
v3.26.1
Cash Equivalents and Marketable Securities - Schedule of Securities (Details) - USD ($)
$ in Millions
Jul. 26, 2026
Jan. 25, 2026
Summary of cash equivalents and marketable securities:    
Unrealized Gain $ 8 $ 174
Unrealized Loss (56) (6)
Estimated Fair Value 46,900  
Cost of Amortized Cost, Total 55,541 47,182
Estimated fair Value, Total 103,233 65,076
Debt securities issued by the U.S. Treasury | Level 2    
Summary of cash equivalents and marketable securities:    
Cost or Amortized Cost 45,367 21,635
Unrealized Gain 8 77
Unrealized Loss (54) (3)
Estimated Fair Value 45,321 21,709
Corporate debt securities | Level 2    
Summary of cash equivalents and marketable securities:    
Cost or Amortized Cost   15,410
Unrealized Gain   92
Unrealized Loss   (3)
Estimated Fair Value   15,499
Debt securities issued by U.S. government agencies | Level 2    
Summary of cash equivalents and marketable securities:    
Cost or Amortized Cost 1,541 2,157
Unrealized Gain 0 4
Unrealized Loss (2) 0
Estimated Fair Value 1,539 2,161
Certificates of deposit | Level 2    
Summary of cash equivalents and marketable securities:    
Cost or Amortized Cost   110
Unrealized Gain   0
Unrealized Loss   0
Estimated Fair Value   110
Foreign government bonds | Level 2    
Summary of cash equivalents and marketable securities:    
Cost or Amortized Cost   40
Unrealized Gain   1
Unrealized Loss   0
Estimated Fair Value   41
Money market funds | Level 1    
Summary of cash equivalents and marketable securities:    
Cost or Amortized Cost 8,633 7,830
Unrealized Gain 0 0
Unrealized Loss 0 0
Estimated Fair Value 8,633 7,830
Publicly-held equity securities    
Summary of cash equivalents and marketable securities:    
Short-term investments 36,900 10,500
Publicly-held equity securities | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Equity Securities 10,806  
Publicly-held equity securities | Level 1    
Summary of cash equivalents and marketable securities:    
Marketable Equity Securities 36,934 17,726
Location, Statement of Financial Position, Balance [Axis]: us-gaap:CashAndCashEquivalentsAtCarryingValue    
Summary of cash equivalents and marketable securities:    
Cash Equivalents 21,350 8,285
Location, Statement of Financial Position, Balance [Axis]: us-gaap:CashAndCashEquivalentsAtCarryingValue | Debt securities issued by the U.S. Treasury | Level 2    
Summary of cash equivalents and marketable securities:    
Cash Equivalents 12,318 0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:CashAndCashEquivalentsAtCarryingValue | Corporate debt securities | Level 2    
Summary of cash equivalents and marketable securities:    
Cash Equivalents   345
Location, Statement of Financial Position, Balance [Axis]: us-gaap:CashAndCashEquivalentsAtCarryingValue | Debt securities issued by U.S. government agencies | Level 2    
Summary of cash equivalents and marketable securities:    
Cash Equivalents 399 0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:CashAndCashEquivalentsAtCarryingValue | Certificates of deposit | Level 2    
Summary of cash equivalents and marketable securities:    
Cash Equivalents   110
Location, Statement of Financial Position, Balance [Axis]: us-gaap:CashAndCashEquivalentsAtCarryingValue | Foreign government bonds | Level 2    
Summary of cash equivalents and marketable securities:    
Cash Equivalents   0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:CashAndCashEquivalentsAtCarryingValue | Money market funds | Level 1    
Summary of cash equivalents and marketable securities:    
Cash Equivalents 8,633 7,830
Location, Statement of Financial Position, Balance [Axis]: us-gaap:CashAndCashEquivalentsAtCarryingValue | Publicly-held equity securities | Level 2    
Summary of cash equivalents and marketable securities:    
Cash Equivalents 0  
Location, Statement of Financial Position, Balance [Axis]: us-gaap:CashAndCashEquivalentsAtCarryingValue | Publicly-held equity securities | Level 1    
Summary of cash equivalents and marketable securities:    
Cash Equivalents 0 0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:DebtSecuritiesCurrent    
Summary of cash equivalents and marketable securities:    
Marketable Debt Securities 34,143 39,065
Location, Statement of Financial Position, Balance [Axis]: us-gaap:DebtSecuritiesCurrent | Debt securities issued by the U.S. Treasury | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Debt Securities 33,003 21,709
Location, Statement of Financial Position, Balance [Axis]: us-gaap:DebtSecuritiesCurrent | Corporate debt securities | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Debt Securities   15,154
Location, Statement of Financial Position, Balance [Axis]: us-gaap:DebtSecuritiesCurrent | Debt securities issued by U.S. government agencies | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Debt Securities 1,140 2,161
Location, Statement of Financial Position, Balance [Axis]: us-gaap:DebtSecuritiesCurrent | Certificates of deposit | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Debt Securities   0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:DebtSecuritiesCurrent | Foreign government bonds | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Debt Securities   41
Location, Statement of Financial Position, Balance [Axis]: us-gaap:DebtSecuritiesCurrent | Money market funds | Level 1    
Summary of cash equivalents and marketable securities:    
Marketable Debt Securities 0 0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:DebtSecuritiesCurrent | Publicly-held equity securities | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Debt Securities 0  
Location, Statement of Financial Position, Balance [Axis]: us-gaap:DebtSecuritiesCurrent | Publicly-held equity securities | Level 1    
Summary of cash equivalents and marketable securities:    
Marketable Debt Securities 0 0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:EquitySecuritiesFvNi    
Summary of cash equivalents and marketable securities:    
Marketable Equity Securities 42,783 12,886
Location, Statement of Financial Position, Balance [Axis]: us-gaap:EquitySecuritiesFvNi | Debt securities issued by the U.S. Treasury | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Equity Securities 0 0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:EquitySecuritiesFvNi | Corporate debt securities | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Equity Securities   0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:EquitySecuritiesFvNi | Debt securities issued by U.S. government agencies | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Equity Securities 0 0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:EquitySecuritiesFvNi | Certificates of deposit | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Equity Securities   0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:EquitySecuritiesFvNi | Foreign government bonds | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Equity Securities   0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:EquitySecuritiesFvNi | Money market funds | Level 1    
Summary of cash equivalents and marketable securities:    
Marketable Equity Securities 0 0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:EquitySecuritiesFvNi | Publicly-held equity securities | Level 2    
Summary of cash equivalents and marketable securities:    
Marketable Equity Securities 10,806  
Location, Statement of Financial Position, Balance [Axis]: us-gaap:EquitySecuritiesFvNi | Publicly-held equity securities | Level 1    
Summary of cash equivalents and marketable securities:    
Marketable Equity Securities 31,977 12,886
Location, Statement of Financial Position, Balance [Axis]: us-gaap:OtherAssetsNoncurrent    
Summary of cash equivalents and marketable securities:    
Other Assets 4,957 4,840
Location, Statement of Financial Position, Balance [Axis]: us-gaap:OtherAssetsNoncurrent | Debt securities issued by the U.S. Treasury | Level 2    
Summary of cash equivalents and marketable securities:    
Other Assets 0 0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:OtherAssetsNoncurrent | Corporate debt securities | Level 2    
Summary of cash equivalents and marketable securities:    
Other Assets   0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:OtherAssetsNoncurrent | Debt securities issued by U.S. government agencies | Level 2    
Summary of cash equivalents and marketable securities:    
Other Assets 0 0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:OtherAssetsNoncurrent | Certificates of deposit | Level 2    
Summary of cash equivalents and marketable securities:    
Other Assets   0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:OtherAssetsNoncurrent | Foreign government bonds | Level 2    
Summary of cash equivalents and marketable securities:    
Other Assets   0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:OtherAssetsNoncurrent | Money market funds | Level 1    
Summary of cash equivalents and marketable securities:    
Other Assets 0 0
Location, Statement of Financial Position, Balance [Axis]: us-gaap:OtherAssetsNoncurrent | Publicly-held equity securities | Level 2    
Summary of cash equivalents and marketable securities:    
Other Assets 0  
Location, Statement of Financial Position, Balance [Axis]: us-gaap:OtherAssetsNoncurrent | Publicly-held equity securities | Level 1    
Summary of cash equivalents and marketable securities:    
Other Assets 4,957 4,840
Long-term portion of equity securities $ 5,000 $ 4,800
v3.26.1
Cash Equivalents and Marketable Securities - Narrative (Details) - USD ($)
$ in Billions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Jan. 25, 2026
Summary of cash equivalents and marketable securities:          
Less than 12 months $ 42.0   $ 42.0   $ 13.1
Estimated Fair Value 46.9   46.9    
Less than one year 41.0   41.0    
Due in 1 - 5 years 5.9   5.9    
Publicly-held equity securities          
Summary of cash equivalents and marketable securities:          
Net unrealized gains (losses) on investments $ 1.5 $ 1.9 $ 12.5 $ 1.7  
v3.26.1
Non-marketable Securities - Schedule of Carrying Value of Non-marketable Equity Securities (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Equity Securities Without Readily Determinable Fair Value [Roll Forward]        
Balance at beginning of period $ 42,336 $ 3,240 $ 22,251 $ 3,387
Net additions 13,106 299 31,005 948
Unrealized gains 4,900 267 7,504 330
Reclassification (12,323) (5) (12,712) (848)
Impairments and unrealized losses (1) (121) (2) (150) (18)
Balance at end of period $ 47,898 $ 3,799 $ 47,898 $ 3,799
v3.26.1
Non-marketable Securities - Narrative (Details) - USD ($)
$ in Millions
Jul. 26, 2026
Jul. 27, 2025
Financial assets and liabilities measured at fair value:    
Cumulative gross unrealized gains $ 9,100 $ 661
Cumulative gross losses and impairments 250 $ 93
Equity Securities    
Financial assets and liabilities measured at fair value:    
Equity method securities 3,300  
Carrying Values and Future Committed Amounts    
Financial assets and liabilities measured at fair value:    
VIEs, maximum loss exposure, amount $ 4,700  
v3.26.1
Supplemental Financial Statement Information - Narrative (Details) - USD ($)
$ in Billions
 6 Months Ended 12 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jan. 25, 2026
Supply Commitment [Line Items]      
Property, equipment and intangible assets acquired by assuming related liabilities $ 1.2 $ 1.1  
A/R Customer A | Accounts Receivable | Customer Concentration Risk      
Supply Commitment [Line Items]      
Concentration risk (as percent) 22.00%    
A/R Customer B | Accounts Receivable | Customer Concentration Risk      
Supply Commitment [Line Items]      
Concentration risk (as percent) 14.00%    
A/R Customer C | Accounts Receivable | Customer Concentration Risk      
Supply Commitment [Line Items]      
Concentration risk (as percent) 13.00%    
A/R Customer D | Accounts Receivable | Customer Concentration Risk      
Supply Commitment [Line Items]      
Concentration risk (as percent) 11.00%    
A/R Customer E | Accounts Receivable | Customer Concentration Risk      
Supply Commitment [Line Items]      
Concentration risk (as percent) 10.00%    
A/R Customer F | Accounts Receivable | Customer Concentration Risk      
Supply Commitment [Line Items]      
Concentration risk (as percent)     25.00%
A/R Customer G | Accounts Receivable | Customer Concentration Risk      
Supply Commitment [Line Items]      
Concentration risk (as percent)     18.00%
A/R Customer H | Accounts Receivable | Customer Concentration Risk      
Supply Commitment [Line Items]      
Concentration risk (as percent)     13.00%
Investment grade customers | Minimum      
Supply Commitment [Line Items]      
Customer payment terms 90 days    
Investment grade customers | Maximum      
Supply Commitment [Line Items]      
Customer payment terms 1 year    
v3.26.1
Supplemental Financial Statement Information - Schedule of Inventory (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Jan. 25, 2026
Inventories          
Raw materials $ 11,341   $ 11,341   $ 3,807
Work in process 13,377   13,377   8,822
Finished goods 6,857   6,857   8,774
Total inventories 31,575   31,575   $ 21,403
Inventory reserve expense $ 784 $ 886 $ 1,600 $ 3,200  
v3.26.1
Supplemental Financial Statement Information - Schedule of Accrued and Other Current Liabilities (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Jan. 25, 2026
Accrued and Other Current Liabilities:          
Customer program accruals $ 7,391   $ 7,391   $ 5,318
Taxes payable 5,206   5,206   2,669
Deferred revenue 4,616   4,616   1,379
Product warranty 2,938   2,938   2,807
Excess inventory purchase obligations 2,138   2,138   2,739
Accrued payroll and related expenses 1,206   1,206   1,146
Accrued purchase consideration 986   986   3,921
Other 2,479   2,479   1,373
Total accrued and other current liabilities 26,960   26,960   21,352
Overall charge 24,079 $ 12,890 44,538 $ 30,284  
Nature of Expense, Customer Advances          
Accrued and Other Current Liabilities:          
Deferred revenue 2,800   2,800   $ 160
Inventory Purchase Obligations in Excess of Projections          
Accrued and Other Current Liabilities:          
Overall charge $ 201 $ 137 $ 501 $ 3,100  
v3.26.1
Supplemental Financial Statement Information - Schedule of Other Long-term Liabilities (Details) - USD ($)
$ in Millions
Jul. 26, 2026
Jan. 25, 2026
Other Long-Term Liabilities:    
Income tax payable $ 5,602 $ 3,958
Deferred revenue 1,796 1,193
Deferred income tax 1,619 1,774
Other 1,901 381
Total other long-term liabilities $ 10,918 $ 7,306
v3.26.1
Supplemental Financial Statement Information - Schedule of Changes in Deferred Revenue (Details) - USD ($)
$ in Millions
 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Change in Deferred Revenue    
Balance at beginning of period $ 2,572 $ 1,813
Deferred revenue additions 17,709 8,275
Revenue recognized (13,869) (8,053)
Balance at end of period 6,412 2,035
Deferred revenue additions 15,600 7,500
Revenue recognized $ 13,000 $ 7,500
v3.26.1
Supplemental Financial Statement Information - Revenue Remaining Performance Obligation (Details) - USD ($)
$ in Millions
 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue recognized that was previously included in deferred revenue $ 758 $ 479
Revenue related to remaining performance obligations 3,200  
Revenue related to remaining performance obligations - amount from deferred revenues 3,000  
Unbilled revenue $ 244  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-27    
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  
v3.26.1
Supplemental Financial Statement Information - Schedule of Other Income, Net (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
Interest income $ 496 $ 592 $ 1,037 $ 1,108
Interest expense (227) (62) (329) (124)
Gains from equity securities, net 7,771 2,247 23,707 2,073
Other (267) (11) (275) (18)
Other income, net $ 7,773 $ 2,766 $ 24,140 $ 3,039
v3.26.1
Derivative Financial Instruments - Narrative (Details)
$ in Millions
 6 Months Ended
Jul. 26, 2026
USD ($)
Foreign currency contracts  
Derivative [Line Items]  
Maximum maturity period (in months) 18 months
Public company warrants | Not designated as accounting hedges:  
Derivative [Line Items]  
Fair values of equity derivatives $ 824
Public company warrants | Minimum  
Derivative [Line Items]  
Warrants and rights outstanding, term (in years) 3 years
Public company warrants | Maximum  
Derivative [Line Items]  
Warrants and rights outstanding, term (in years) 5 years
v3.26.1
Derivative Financial Instruments - Schedule of Notional Value of Our Foreign Currency Contracts Outstanding (Details) - USD ($)
$ in Millions
 6 Months Ended
Jul. 26, 2026
Jan. 25, 2026
Land, power, and shell guarantees for AI clouds    
Derivative [Line Items]    
Guarantor obligations, collateral held directly or by third parties, amount $ 712  
Minimum | Land, power, and shell guarantees for AI clouds    
Derivative [Line Items]    
Guarantee term 5 years  
Maximum | Land, power, and shell guarantees for AI clouds    
Derivative [Line Items]    
Guarantee term 7 years  
Foreign currency contracts designated as accounting hedges | Foreign currency contracts    
Derivative [Line Items]    
Notional values of derivative contracts $ 2,162 $ 1,765
Not designated as accounting hedges: | Foreign currency contracts    
Derivative [Line Items]    
Notional values of derivative contracts 2,252 2,332
Not designated as accounting hedges: | Land, power, and shell guarantees for AI clouds    
Derivative [Line Items]    
Notional values of derivative contracts 3,529 3,530
Not designated as accounting hedges: | Public company warrants    
Derivative [Line Items]    
Notional values of derivative contracts 4,800 0
Not designated as accounting hedges: | Equity forward contract    
Derivative [Line Items]    
Notional values of derivative contracts $ 1,000 $ 0
v3.26.1
Debt - Schedule of Long-term Debt (Details) - USD ($)
$ in Millions
 6 Months Ended
Jul. 26, 2026
Jan. 25, 2026
Debt Instrument [Line Items]    
Unamortized debt discount and issuance costs $ (134) $ (32)
Net carrying amount 33,366 8,468
Less short-term portion (1,000) (999)
Total long-term portion $ 32,366 7,469
Notes Payable | 3.20% Notes Due 2026    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.20%  
Expected Remaining Term (years) 1 month 6 days  
Effective Interest Rate 3.31%  
Gross carrying amount $ 1,000 1,000
Notes Payable | 4.25% Notes Due 2028    
Debt Instrument [Line Items]    
Interest rate (as percent) 4.25%  
Expected Remaining Term (years) 1 year 10 months 24 days  
Effective Interest Rate 4.39%  
Gross carrying amount $ 3,500 0
Notes Payable | 1.55% Notes Due 2028    
Debt Instrument [Line Items]    
Interest rate (as percent) 1.55%  
Expected Remaining Term (years) 1 year 10 months 24 days  
Effective Interest Rate 1.64%  
Gross carrying amount $ 1,250 1,250
Notes Payable | 4.35% Notes Due 2029    
Debt Instrument [Line Items]    
Interest rate (as percent) 4.35%  
Expected Remaining Term (years) 2 years 10 months 24 days  
Effective Interest Rate 4.45%  
Gross carrying amount $ 3,500 0
Notes Payable | 2.85% Notes Due 2030    
Debt Instrument [Line Items]    
Interest rate (as percent) 2.85%  
Expected Remaining Term (years) 3 years 8 months 12 days  
Effective Interest Rate 2.93%  
Gross carrying amount $ 1,500 1,500
Notes Payable | 4.50% Notes Due 2031    
Debt Instrument [Line Items]    
Interest rate (as percent) 4.50%  
Expected Remaining Term (years) 4 years 10 months 24 days  
Effective Interest Rate 4.60%  
Gross carrying amount $ 4,000 0
Notes Payable | 2.00% Notes Due 2031    
Debt Instrument [Line Items]    
Interest rate (as percent) 2.00%  
Expected Remaining Term (years) 4 years 10 months 24 days  
Effective Interest Rate 2.09%  
Gross carrying amount $ 1,250 1,250
Notes Payable | 4.75% Notes Due 2033    
Debt Instrument [Line Items]    
Interest rate (as percent) 4.75%  
Expected Remaining Term (years) 6 years 10 months 24 days  
Effective Interest Rate 4.82%  
Gross carrying amount $ 3,500 0
Notes Payable | 4.95% Notes Due 2036    
Debt Instrument [Line Items]    
Interest rate (as percent) 4.95%  
Expected Remaining Term (years) 9 years 10 months 24 days  
Effective Interest Rate 5.01%  
Gross carrying amount $ 4,000 0
Notes Payable | 3.50% Notes Due 2040    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.50%  
Expected Remaining Term (years) 13 years 8 months 12 days  
Effective Interest Rate 3.54%  
Gross carrying amount $ 1,000 1,000
Notes Payable | 5.55% Notes Due 2046    
Debt Instrument [Line Items]    
Interest rate (as percent) 5.55%  
Expected Remaining Term (years) 19 years 10 months 24 days  
Effective Interest Rate 5.61%  
Gross carrying amount $ 3,000 0
Notes Payable | 3.50% Notes Due 2050    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.50%  
Expected Remaining Term (years) 23 years 8 months 12 days  
Effective Interest Rate 3.54%  
Gross carrying amount $ 2,000 2,000
Notes Payable | 5.625% Notes Due 2056    
Debt Instrument [Line Items]    
Interest rate (as percent) 5.625%  
Expected Remaining Term (years) 29 years 10 months 24 days  
Effective Interest Rate 5.66%  
Gross carrying amount $ 3,500 0
Notes Payable | 3.70% Notes Due 2060    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.70%  
Expected Remaining Term (years) 33 years 8 months 12 days  
Effective Interest Rate 3.73%  
Gross carrying amount $ 500 $ 500
v3.26.1
Debt - Narrative (Details) - USD ($)
Jul. 26, 2026
Jun. 30, 2026
Jan. 25, 2026
Debt Instrument [Line Items]      
Estimated fair value of long-term debt $ 31,400,000,000   $ 7,500,000,000
Notes Payable      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 25,000,000,000.0  
Commercial Paper Program | Commercial Paper      
Debt Instrument [Line Items]      
Current borrowing capacity 25,000,000,000.0    
Outstanding commercial paper $ 0    
v3.26.1
Commitments and Contingencies - Schedule of Future Commitments (Details) - USD ($)
$ in Billions
Jul. 26, 2026
Apr. 26, 2026
Supply and capacity    
Supply Commitment [Line Items]    
Remainder of 2027 $ 92  
2028 87  
2029 88  
2030 6  
2031 5  
2032 and thereafter 1  
Total 279 $ 119
Cloud service agreements    
Supply Commitment [Line Items]    
Remainder of 2027 3  
2028 8  
2029 7  
2030 6  
2031 4  
2032 and thereafter 1  
Total 29  
Data center leases not commenced    
Supply Commitment [Line Items]    
Remainder of 2027 0  
2028 1  
2029 1  
2030 2  
2031 1  
2032 and thereafter 20  
Total 25  
Equity investments    
Supply Commitment [Line Items]    
Remainder of 2027 18  
2028 3  
2029 2  
2030 2  
2031 0  
2032 and thereafter 0  
Total 25  
Capital expenditures    
Supply Commitment [Line Items]    
Remainder of 2027 7  
2028 1  
2029 0  
2030 0  
2031 0  
2032 and thereafter 0  
Total 8  
Total    
Supply Commitment [Line Items]    
Remainder of 2027 120  
2028 100  
2029 98  
2030 16  
2031 10  
2032 and thereafter 22  
Total $ 366  
v3.26.1
Commitments and Contingencies - Narrative (Details)
$ in Billions
Aug. 31, 2026
USD ($)
GW
Jul. 26, 2026
USD ($)
Apr. 26, 2026
USD ($)
Loss Contingencies [Line Items]      
Maximum exposure   $ 108.5  
Accrued contingent liabilities   0.0  
SB Energy Corp. guarantees      
Loss Contingencies [Line Items]      
Maximum exposure   105.0  
SB Energy Corp. | SB Energy Corp. guarantees | Subsequent Event      
Loss Contingencies [Line Items]      
Term of leases not yet commenced (up to) 20 years    
Maximum exposure $ 105.0    
Initial guarantor obligation (in gigawatts) | GW 4.25    
Possible incremental guarantor obligation (in gigawatts) | GW 3.8    
Supply and capacity      
Loss Contingencies [Line Items]      
Investment commitment   279.0 $ 119.0
Data center leases not commenced      
Loss Contingencies [Line Items]      
Investment commitment   $ 25.0  
Term of leases not yet commenced (up to)   20 years  
Data center leases not commenced for third party      
Loss Contingencies [Line Items]      
Investment commitment   $ 20.0  
Term of leases not yet commenced (up to)   15 years  
v3.26.1
Commitments and Contingencies - Schedule of Future Other Commitments (Details)
$ in Billions
Jul. 26, 2026
USD ($)
AI cloud agreements  
Supply Commitment [Line Items]  
Remainder of 2027 $ 0
2028 6
2029 8
2030 7
2031 6
2032 and thereafter 9
Total 36
Data center leases not commenced for third party  
Supply Commitment [Line Items]  
Remainder of 2027 0
2028 0
2029 1
2030 1
2031 1
2032 and thereafter 17
Total 20
Total  
Supply Commitment [Line Items]  
Remainder of 2027 0
2028 6
2029 9
2030 8
2031 7
2032 and thereafter 26
Total $ 56
v3.26.1
Commitments and Contingencies - Schedule of Maximum Gross Exposure Related to Guarantees (Details) - USD ($)
$ in Billions
Aug. 31, 2026
Jul. 26, 2026
Supply Commitment [Line Items]    
Maximum exposure   $ 108.5
Land, power, and shell guarantees for AI clouds    
Supply Commitment [Line Items]    
Maximum exposure   3.5
SB Energy Corp. guarantees    
Supply Commitment [Line Items]    
Maximum exposure   $ 105.0
SB Energy Corp. guarantees | SB Energy Corp. | Subsequent Event    
Supply Commitment [Line Items]    
Maximum exposure $ 105.0  
v3.26.1
Commitments and Contingencies - Schedule of Product Warranty Liabilities (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]        
Balance at beginning of period $ 2,948 $ 2,080 $ 2,807 $ 1,290
Additions 391 220 720 1,090
Utilization (401) (156) (589) (236)
Balance at end of period $ 2,938 $ 2,144 $ 2,938 $ 2,144
v3.26.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Income Tax Disclosure [Abstract]        
Income tax expense $ 11,819 $ 4,784 $ 23,400 $ 7,920
Tax expense as a percentage of income before income tax (percent) 16.50% 15.30% 16.50% 14.90%
v3.26.1
Shareholders' Equity (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Apr. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
May 18, 2026
Equity [Abstract]            
Number of shares repurchased (in shares) 94   67 203 193  
Shares repurchased $ 19,674   $ 9,658 $ 39,845 $ 24,161  
Share repurchase authorization           $ 80,000
Authorized amounts under share repurchase program 99,300     99,300    
Dividends paid $ 6,000   $ 244 $ 6,290 $ 488  
Quarterly common stock cash dividend (in dollars per share) $ 0.25 $ 0.01 $ 0.01 $ 0.26 $ 0.02  
v3.26.1
Segment Information - Narrative (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
USD ($)
Jul. 27, 2025
USD ($)
Jul. 26, 2026
USD ($)
segment
Jul. 27, 2025
USD ($)
Segment Reporting [Line Items]        
Number of reportable segments | segment     2  
Number of operating segments | segment     2  
Depreciation and amortization     $ 2,124 $ 1,280
Revenue | Customer Concentration Risk | Non-US        
Segment Reporting [Line Items]        
Concentration risk (as percent) 38.00% 30.00% 30.00% 35.00%
Compute & Networking        
Segment Reporting [Line Items]        
Depreciation and amortization $ 642 $ 383 $ 1,200 $ 684
Graphics        
Segment Reporting [Line Items]        
Depreciation and amortization $ 204 $ 148 $ 399 $ 252
v3.26.1
Segment Information - Schedule of Reportable Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Segment Reporting [Line Items]        
Revenue $ 96,221 $ 46,743 $ 177,837 $ 90,805
Operating income 63,734 28,440 117,270 50,078
Operating Segments        
Segment Reporting [Line Items]        
Revenue 96,221 46,743 177,837 90,805
Other segment items 29,626 16,138 54,966 36,506
Operating income 66,595 30,605 122,871 54,299
Operating Segments | Compute & Networking        
Segment Reporting [Line Items]        
Revenue 88,299 41,331 162,850 80,920
Other segment items 25,603 12,968 46,819 30,503
Operating income 62,696 28,363 116,031 50,417
Operating Segments | Graphics        
Segment Reporting [Line Items]        
Revenue 7,922 5,412 14,987 9,885
Other segment items 4,023 3,170 8,147 6,003
Operating income $ 3,899 $ 2,242 $ 6,840 $ 3,882
v3.26.1
Segment Information - Schedule of Reconciling Items (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Segment Reporting [Line Items]        
Operating income $ 63,734 $ 28,440 $ 117,270 $ 50,078
Stock-based compensation expense (2,027) (1,624) (3,954) (3,099)
Other income, net 7,773 2,766 24,140 3,039
Income before income tax 71,507 31,206 141,410 53,117
Segment Reporting, Reconciling Item, Corporate Nonsegment        
Segment Reporting [Line Items]        
Operating income 66,595 30,605 122,871 54,299
Stock-based compensation expense (2,027) (1,624) (3,954) (3,099)
Unallocated operating expenses (612) (440) (1,178) (859)
Acquisition-related and other costs $ (222) $ (101) $ (469) $ (263)
v3.26.1
Segment Information - Schedule of Revenue by Geographic Regions (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Revenues        
Revenue $ 96,221 $ 46,743 $ 177,837 $ 90,805
United States        
Revenues        
Revenue 60,074 32,897 123,843 58,582
Taiwan        
Revenues        
Revenue 26,985 8,902 38,991 16,550
China (including Hong Kong)        
Revenues        
Revenue 7,880 3,985 12,430 13,644
Other        
Revenues        
Revenue $ 1,282 $ 959 $ 2,573 $ 2,029
v3.26.1
Segment Information - Concentration Risk (Details) - Compute & Networking - Revenue - Customer Concentration Risk
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Revenue Customer 1        
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Customer, Extent of Reliance [Line Items]        
Concentration risk (as percent) 16.00%      
Revenue Customer 2        
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Customer, Extent of Reliance [Line Items]        
Concentration risk (as percent)     16.00%  
Revenue Customer 3        
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Customer, Extent of Reliance [Line Items]        
Concentration risk (as percent)     15.00%  
Revenue Customer 4        
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Customer, Extent of Reliance [Line Items]        
Concentration risk (as percent)     13.00%  
Revenue Customer 5        
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Customer, Extent of Reliance [Line Items]        
Concentration risk (as percent)   23.00%    
Revenue Customer 6        
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Customer, Extent of Reliance [Line Items]        
Concentration risk (as percent)   16.00%    
Revenue Customer 7        
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Customer, Extent of Reliance [Line Items]        
Concentration risk (as percent)       20.00%
Revenue Customer 8        
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Customer, Extent of Reliance [Line Items]        
Concentration risk (as percent)       15.00%
v3.26.1
Segment Information - Schedule of Revenue by Market Platform (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]        
Revenue $ 96,221 $ 46,743 $ 177,837 $ 90,805
Data Center        
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]        
Revenue 89,023 41,096 164,269 80,208
Hyperscale        
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]        
Revenue 48,710 24,168 91,761 46,428
AI Clouds, Industrial, & Enterprise        
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]        
Revenue 40,313 16,928 72,508 33,780
Edge Computing        
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items]        
Revenue $ 7,198 $ 5,647 $ 13,568 $ 10,597
v3.26.1
Leases - Schedule of Future Minimum Lease Obligations (Details) - USD ($)
$ in Millions
Jul. 26, 2026
Jan. 25, 2026
Leases [Abstract]    
2027 (the second half of fiscal year 2027) $ 354  
2028 718  
2029 715  
2030 648  
2031 586  
2032 and thereafter 4,186  
Total 7,207  
Less imputed interest 1,713  
Present value of net future minimum lease payments $ 5,494  
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Accrued and other current liabilities  
Less short-term operating lease liabilities $ 509  
Long-term operating lease liabilities $ 4,985 $ 2,572
v3.26.1
Leases - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Jul. 26, 2026
Jul. 27, 2025
Jan. 25, 2026
Leases [Abstract]          
Weighted average remaining lease term - operating leases (in years) 10 years 10 months 24 days   10 years 10 months 24 days   8 years 9 months 18 days
Weighted average discount rate - operating leases (percent) 4.69%   4.69%   4.38%
Operating lease expense $ 208 $ 109 $ 379 $ 210  
v3.26.1
Leases - Schedule of Other Lease Information (Details) - USD ($)
$ in Millions
 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Supplemental disclosure of cash flow information:    
Operating cash flow used for operating leases $ 353 $ 200
Operating lease assets obtained in exchange for lease obligations $ 2,792 $ 458