NVIDIA CORP, 10-Q filed on 8/27/2025
Quarterly Report
v3.25.2
Cover - shares
shares in Billions
6 Months Ended
Jul. 27, 2025
Aug. 22, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jul. 27, 2025  
Document Transition Report false  
Entity File Number 0-23985  
Entity Registrant Name NVIDIA CORP  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 94-3177549  
Entity Address, Address Line One 2788 San Tomas Expressway  
Entity Address, City or Town Santa Clara  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 95051  
City Area Code 408  
Local Phone Number 486-2000  
Title of 12(b) Security Common Stock, $0.001 par value per share  
Trading Symbol NVDA  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   24.3
Entity Central Index Key 0001045810  
Current Fiscal Year End Date --01-25  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q2  
Amendment Flag false  
v3.25.2
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Income Statement [Abstract]        
Revenue $ 46,743 $ 30,040 $ 90,805 $ 56,084
Cost of revenue 12,890 7,466 30,284 13,105
Gross profit 33,853 22,574 60,521 42,979
Operating expenses        
Research and development 4,291 3,090 8,280 5,810
Sales, general and administrative 1,122 842 2,163 1,618
Total operating expenses 5,413 3,932 10,443 7,428
Operating income 28,440 18,642 50,078 35,551
Interest income 592 444 1,108 803
Interest expense (62) (61) (124) (125)
Other income (expense), net 2,236 189 2,055 264
Total other income (expense), net 2,766 572 3,039 942
Income before income tax 31,206 19,214 53,117 36,493
Income tax expense 4,784 2,615 7,920 5,013
Net income $ 26,422 $ 16,599 $ 45,197 $ 31,480
Net income per share:        
Basic (in dollars per share) $ 1.08 $ 0.68 $ 1.85 $ 1.28
Diluted (in dollars per share) $ 1.08 $ 0.67 $ 1.84 $ 1.27
Weighted average shares used in per share computation:        
Basic (in shares) 24,366 24,578 24,404 24,599
Diluted (in shares) 24,532 24,848 24,571 24,869
v3.25.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Statement of Comprehensive Income [Abstract]        
Net income $ 26,422 $ 16,599 $ 45,197 $ 31,480
Available-for-sale securities:        
Net change in unrealized gain (loss) (52) 150 87 22
Cash flow hedges:        
Change in unrealized gain 31 23 54 20
Reclassification adjustments for net realized gain (loss) included in net income 5 (8) 1 (13)
Net change in unrealized gain 36 15 55 7
Other comprehensive income (loss), net of tax (16) 165 142 29
Total comprehensive income $ 26,406 $ 16,764 $ 45,339 $ 31,509
v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 27, 2025
Jan. 26, 2025
Current assets:    
Cash and cash equivalents $ 11,639 $ 8,589
Marketable securities 45,152 34,621
Accounts receivable, net 27,808 23,065
Inventories 14,962 10,080
Prepaid expenses and other current assets 2,658 3,771
Total current assets 102,219 80,126
Property and equipment, net 9,141 6,283
Operating lease assets 2,084 1,793
Goodwill 5,755 5,188
Intangible assets, net 755 807
Deferred income tax assets 13,570 10,979
Other assets 7,216 6,425
Total assets 140,740 111,601
Current liabilities:    
Accounts payable 9,064 6,310
Accrued and other current liabilities 15,193 11,737
Total current liabilities 24,257 18,047
Long-term debt 8,466 8,463
Long-term operating lease liabilities 1,831 1,519
Other long-term liabilities 6,055 4,245
Total liabilities 40,609 32,274
Commitments and contingencies - see Note 11
Shareholders’ equity:    
Preferred stock 0 0
Common stock 24 24
Additional paid-in capital 11,200 11,237
Accumulated other comprehensive income 170 28
Retained earnings 88,737 68,038
Total shareholders' equity 100,131 79,327
Total liabilities and shareholders' equity $ 140,740 $ 111,601
v3.25.2
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. 28, 2024   24,643      
Beginning balance at Jan. 28, 2024 $ 42,978 $ 25 $ 13,109 $ 27 $ 29,817
Increase (Decrease) in Shareholders' Equity          
Net income 31,480       31,480
Other comprehensive income (loss) 29     29  
Issuance of common stock from stock plans (in shares)   113      
Issuance of common stock 285   285    
Tax withholding related to common stock from stock plans (in shares)   (32)      
Tax withholding related to common stock $ (3,389)   (3,389)    
Shares repurchased (in shares) (162) (162)      
Shares repurchased $ (15,063)   (71)   (14,992)
Cash dividends declared and paid (344)       (344)
Stock-based compensation 2,181   2,181    
Ending balance (in shares) at Jul. 28, 2024   24,562      
Ending balance at Jul. 28, 2024 58,157 $ 25 12,115 56 45,961
Beginning balance (in shares) at Apr. 28, 2024   24,598      
Beginning balance at Apr. 28, 2024 49,142 $ 25 12,628 (109) 36,598
Increase (Decrease) in Shareholders' Equity          
Net income 16,599       16,599
Other comprehensive income (loss) 165     165  
Issuance of common stock from stock plans (in shares)   38      
Tax withholding related to common stock from stock plans (in shares)   (11)      
Tax withholding related to common stock $ (1,637)   (1,637)    
Shares repurchased (in shares) (63) (63)      
Shares repurchased $ (7,028)   (38)   (6,990)
Cash dividends declared and paid (246)       (246)
Stock-based compensation 1,162   1,162    
Ending balance (in shares) at Jul. 28, 2024   24,562      
Ending balance at Jul. 28, 2024 58,157 $ 25 12,115 56 45,961
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 from stock plans (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   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 from stock plans (in shares)   39      
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
v3.25.2
Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Statement of Stockholders' Equity [Abstract]        
Common stock, dividends per share, declared and paid (in dollars per share) $ 0.01 $ 0.01 $ 0.02 $ 0.014
v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Cash flows from operating activities:    
Net income $ 45,197 $ 31,480
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 3,099 2,164
Depreciation and amortization 1,280 843
Deferred income taxes (2,160) (3,276)
Gains on non-marketable equity securities and publicly-held equity securities, net (2,073) (264)
Other (196) (288)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (4,743) (4,133)
Inventories (4,880) (1,380)
Prepaid expenses and other assets 946 (12)
Accounts payable 2,255 801
Accrued and other current liabilities 3,075 3,314
Other long-term liabilities 979 584
Net cash provided by operating activities 42,779 29,833
Cash flows from investing activities:    
Proceeds from maturities of marketable securities 6,252 8,098
Proceeds from sales of marketable securities 487 164
Proceeds from sales of non-marketable equity securities 70 105
Purchases of marketable securities (14,358) (15,047)
Purchases related to property and equipment and intangible assets (3,122) (1,346)
Purchases of non-marketable equity securities (995) (534)
Acquisitions, net of cash acquired (677) (317)
Net cash used in investing activities (12,343) (8,877)
Cash flows from financing activities:    
Proceeds related to employee stock plans 370 285
Payments related to repurchases of common stock (23,815) (14,898)
Payments related to employee stock plan taxes (3,380) (3,389)
Dividends paid (488) (344)
Principal payments on property and equipment and intangible assets (73) (69)
Repayment of debt 0 (1,250)
Net cash used in financing activities (27,386) (19,665)
Change in cash and cash equivalents 3,050 1,291
Cash and cash equivalents at beginning of period 8,589 7,280
Cash and cash equivalents at end of period 11,639 8,571
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net $ 8,451 $ 7,449
v3.25.2
Summary of Significant Accounting Policies
6 Months Ended
Jul. 27, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America, or U.S. GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission, or SEC, Regulation S-X. The January 26, 2025 consolidated balance sheet was derived from our audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 26, 2025, as filed with the SEC, but does not include all disclosures required by U.S. GAAP. In the opinion of management, all adjustments, consisting only of normal recurring adjustments considered necessary for a fair presentation of results of operations and financial position, have been included. The results for the interim periods presented are not necessarily indicative of the results expected for any future period. The following information should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 26, 2025.
Certain balances from the prior fiscal year have been reclassified to conform to the current period presentation.
Significant Accounting Policies
There have been no material changes to our significant accounting policies disclosed in Note 1 - Organization and Summary of Significant Accounting Policies, of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended January 26, 2025.
Fiscal Year
Fiscal years 2026 and 2025 are both 52-week years ending on the last Sunday in January. The second quarters of fiscal years 2026 and 2025 were both 13-week quarters.
Principles of Consolidation
Our condensed consolidated financial statements include the accounts of NVIDIA Corporation and our wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from our estimates. On an on-going basis, we evaluate our estimates, including those related to accounts receivable, cash equivalents and marketable securities, goodwill, income taxes, inventories and product purchase commitments, investigation and settlement costs, litigation, non-marketable equity securities, other contingencies, property, plant, and equipment, restructuring and other charges, revenue recognition, and stock-based compensation. These estimates are based on historical facts and various other assumptions that we believe are reasonable.
Recently Issued Accounting Pronouncements
Recent Accounting Pronouncements Not Yet Adopted
In December 2023, the FASB issued a new accounting standard which includes new and updated income tax disclosures, including disaggregation of information in the rate reconciliation and income taxes paid. We will adopt this standard in our fiscal year 2026 annual report. We are currently assessing the effect of the adoption of this standard on our disclosures that will be included in our Form 10-K for the fiscal year ending January 25, 2026.
In November 2024, the FASB issued a new accounting standard requiring disclosures of certain additional expense information on an annual and interim basis, including, among other items, the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each income statement expense caption, as applicable. We will adopt this standard in our fiscal year 2028 annual report. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements other than additional disclosures.
v3.25.2
Stock-Based Compensation
6 Months Ended
Jul. 27, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Stock-based compensation expense includes restricted stock units, or RSUs, performance stock units, or PSUs, market-based PSUs, and our employee stock purchase plan, or ESPP.
Condensed Consolidated Statements of Income include stock-based compensation expense, net of amounts capitalized into inventory, as follows:
 Three Months EndedSix Months Ended
 Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
(In millions)
Cost of revenue$58 $40 $123 $75 
Research and development1,191 832 2,254 1,559 
Sales, general and administrative375 282 722 530 
Total$1,624 $1,154 $3,099 $2,164 
Equity Award Activity
The following is a summary of our equity award transactions under our equity incentive plans:
RSUs, PSUs and Market-based PSUs Outstanding
 Number of SharesWeighted Average Grant-Date Fair Value Per Share
(In millions, except per share data)
Balance as of Jan 26, 2025
274 $44.75 
Granted48 $108.52 
Vested(78)$36.00 
Canceled and forfeited(5)$52.34 
Balance as of Jul 27, 2025
239 $60.19 
As of July 27, 2025, aggregate unearned stock-based compensation expense was $14.0 billion, which is expected to be recognized over a weighted average period of 2.2 years for RSUs, PSUs, and market-based PSUs, and one year for ESPP.
v3.25.2
Net Income Per Share
6 Months Ended
Jul. 27, 2025
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The following is the basic and diluted net income per share computations for the periods presented:
 Three Months EndedSix Months Ended
Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
 (In millions, except per share data)
Numerator:  
Net income$26,422 $16,599 $45,197 $31,480 
Denominator:
Basic weighted average shares24,366 24,578 24,404 24,599 
Dilutive impact of outstanding equity awards166 270 167 270 
Diluted weighted average shares24,532 24,848 24,571 24,869 
Net income per share:
Basic (1)$1.08 $0.68 $1.85 $1.28 
Diluted (2)$1.08 $0.67 $1.84 $1.27 
Anti-dilutive equity awards excluded from diluted net income per share60 68 
(1)    Net income divided by basic weighted average shares.
(2)    Net income divided by diluted weighted average shares.
Diluted net income per share was computed using the weighted average number of common and potentially dilutive shares outstanding during the period, using the treasury stock method.
v3.25.2
Income Taxes
6 Months Ended
Jul. 27, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income tax expense was $4.8 billion and $2.6 billion for the second quarter, and $7.9 billion and $5.0 billion for the first half, of fiscal years 2026 and 2025, respectively. Income tax as a percentage of income before income tax was an expense of 15.3% and 13.6% for the second quarter, and 14.9% and 13.7% for the first half, of fiscal years 2026 and 2025, respectively.
The effective tax rate increased primarily due to a lower tax benefit from stock-based compensation, partially offset by an increase in tax benefit from foreign-derived deduction eligible income.
Our effective tax rates for the first half of fiscal years 2026 and 2025 were lower than the U.S. federal statutory rate of 21% primarily due to tax benefits from foreign-derived deduction eligible income, stock-based compensation, income earned in jurisdictions that are subject to taxes at rates lower than the U.S. federal statutory tax rate, and the U.S. federal research tax credit.
In July 2025, the One Big Beautiful Bill Act (OBBBA) was enacted into law and contains several changes to key U.S. federal income tax laws. As of July 27, 2025, we have recognized the tax effects of certain OBBBA provisions, which did not have a material impact on our second quarter.
Given our current and possible future earnings, we believe that we may release the valuation allowance associated with certain state deferred tax assets in the near term, which would decrease our income tax expense for the period the release is recorded. The timing and amount of the valuation allowance release could vary based on our assessment of all available information.
While we believe that we have adequately provided for all uncertain tax positions, or tax positions where we believe it is not more-likely-than-not that the position will be sustained upon review, amounts asserted by tax authorities could be greater or less than our accrued position. Accordingly, our provisions on federal, state and foreign tax related matters to be recorded in the future may change as revised estimates are made or the underlying matters are settled or otherwise resolved with the respective tax authorities.
v3.25.2
Cash Equivalents and Marketable Securities
6 Months Ended
Jul. 27, 2025
Investments, Debt and Equity Securities [Abstract]  
Cash Equivalents and Marketable Securities Cash Equivalents and Marketable Securities
The fair values of our financial assets are determined using quoted market prices of identical assets or market prices of similar assets from active markets. We review fair value classification on a quarterly basis. The following is a summary of cash equivalents and marketable securities:
 Jul 27, 2025
Pricing CategoryAmortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Debt securities issued by the U.S. TreasuryLevel 2$23,967 $76 $(11)$24,032 $3,784 $20,248 
Corporate debt securitiesLevel 221,564 81 (9)21,636 2,214 19,422 
Money market fundsLevel 15,245 — — 5,245 5,245 — 
Debt securities issued by U.S. government agenciesLevel 22,238 (2)2,243 — 2,243 
Certificates of depositLevel 2108 — — 108 108 — 
Foreign government bonds
Level 240 — — 40 — 40 
Total debt securities with fair value adjustments recorded in other comprehensive income53,162 164 (22)53,304 11,351 41,953 
Publicly-held equity securities (1)
Level 13,199 — 3,199 
Total$53,162 $164 $(22)$56,503 $11,351 $45,152 
(1)    In the first quarter of fiscal year 2026, one investment was reclassified from non-marketable equity securities to marketable securities following public market trading. The fair value of the investment as of July 27, 2025 was $2.8 billion and was subject to a short-term restriction on the ability to sell.
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 $1.9 billion and $1.7 billion for the second quarter and first half of fiscal year 2026, respectively. Net unrealized gains on investments in publicly-held equity securities held at period end were $132 million and $181 million for the second quarter and first half of fiscal year 2025, respectively.
 Jan 26, 2025
Pricing CategoryAmortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Corporate debt securitiesLevel 2$18,504 $51 $(29)$18,526 $2,071 $16,455 
Debt securities issued by the U.S. TreasuryLevel 216,749 42 (22)16,769 1,801 14,968 
Money market fundsLevel 13,760 — — 3,760 3,760 — 
Debt securities issued by U.S. government agenciesLevel 22,775 (5)2,777 — 2,777 
Foreign government bondsLevel 2177 — — 177 137 40 
Certificates of depositLevel 297 — — 97 97 — 
Total debt securities with fair value adjustments recorded in other comprehensive income42,062 100 (56)42,106 7,866 34,240 
Publicly-held equity securities
Level 1381 — 381 
Total$42,062 $100 $(56)$42,487 $7,866 $34,621 
The following table provides the breakdown of unrealized losses, aggregated by investment category and length of time that individual debt securities have been in a continuous loss position:
Jul 27, 2025Jan 26, 2025
 Less than 12 MonthsLess than 12 Months
 Estimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized Loss
 (In millions)
Debt securities issued by the U.S. Treasury$7,319 $(11)$6,315 $(22)
Corporate debt securities3,539 (9)5,291 (29)
Debt securities issued by U.S. government agencies768 (2)816 (5)
Total$11,626 $(22)$12,422 $(56)
Gross unrealized losses related to debt securities in a continuous loss position of twelve months or greater, with balances of $15 million and $213 million as of July 27, 2025 and January 26, 2025, respectively, were not significant.
Gross unrealized losses are related to fixed income securities, driven primarily by changes in interest rates.
The estimated fair value of debt securities included in cash equivalents and marketable securities are shown below by contractual maturity.
Jul 27, 2025
(In millions)
Less than one year$22,521 
Due in 1 - 5 years30,783 
Total$53,304 
v3.25.2
Fair Value of Non-marketable Equity Securities
6 Months Ended
Jul. 27, 2025
Fair Value Disclosures [Abstract]  
Fair Value of Non-marketable Equity Securities Fair Value of Non-marketable Equity Securities
Our non-marketable equity securities are recorded in long-term other assets on our Condensed Consolidated Balance Sheets and valued under the measurement alternative. Gains and losses on these investments, realized and unrealized, are recognized in Other income (expense), net on our Condensed Consolidated Statements of Income.
Adjustments to the carrying value of our non-marketable equity securities during the second quarter and first half of fiscal years 2026 and 2025 were as follows:
Three Months EndedSix Months Ended
Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
(In millions)
Balance at beginning of period$3,240 $1,463 $3,387 $1,321 
Adjustments related to non-marketable equity securities:
Net additions299 294 948 421 
Unrealized gains267 77 330 92 
Reclassification (1)
(5)— (848)— 
Impairments and unrealized losses(2)(15)(18)(15)
Balance at end of period$3,799 $1,819 $3,799 $1,819 
(1) Represents reclassifications from non-marketable equity securities to marketable securities following public market trading.
Non-marketable equity securities had cumulative gross unrealized gains of $661 million and $362 million, and cumulative gross unrealized losses and impairments of $93 million and $60 million on securities held as of July 27, 2025 and July 28, 2024, respectively.
v3.25.2
Amortizable Intangible Assets and Goodwill
6 Months Ended
Jul. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortizable Intangible Assets and Goodwill Amortizable Intangible Assets and Goodwill
The components of our amortizable intangible assets are as follows:
 Jul 27, 2025Jan 26, 2025
 Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
 (In millions)
Acquisition-related intangible assets$3,054 $(2,484)$570 $2,900 $(2,264)$636 
Patents and licensed technology473 (288)185 449 (278)171 
Total intangible assets$3,527 $(2,772)$755 $3,349 $(2,542)$807 
Amortization expense associated with intangible assets was $84 million and $146 million for the second quarter, and $243 million and $289 million for the first half, of fiscal years 2026 and 2025, respectively.
The following table outlines the estimated future amortization expense related to the net carrying amount of intangible assets as of July 27, 2025:
Future Amortization Expense
 (In millions)
Fiscal Year: 
2026 (excluding the first half of fiscal year 2026)
$160 
2027300 
2028145 
202946 
203011 
2031 and thereafter93 
Total$755 
In the first half of fiscal year 2026, goodwill increased by $567 million from acquisitions and was allocated to our Compute & Networking reporting unit.
v3.25.2
Balance Sheet Components
6 Months Ended
Jul. 27, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components Balance Sheet Components
We refer to customers who purchase products directly from NVIDIA as direct customers, such as add-in board manufacturers, distributors, original device manufacturers, or ODMs, original equipment manufacturers, or OEMs, and system integrators. We have certain customers that may purchase products directly from NVIDIA and may use either internal resources or third-party system integrators to complete their build. Three direct customers accounted for 23%, 19% and 14% of our accounts receivable balance as of July 27, 2025. Two direct customers accounted for 17% and 16% of our accounts receivable balance as of January 26, 2025.
Certain balance sheet components are as follows:
 Jul 27, 2025Jan 26, 2025
Inventories:(In millions)
Raw materials$1,843 $3,408 
Work in process4,411 3,399 
Finished goods8,708 3,273 
Total inventories (1)$14,962 $10,080 
(1)    We recorded an inventory provision of $886 million and $345 million for the second quarter of fiscal years 2026 and 2025, respectively, and $3.2 billion and $555 million for the first half of fiscal years 2026 and 2025, respectively, in cost of revenue.
Property and Equipment:
Property, equipment and intangible assets acquired but not paid for the first half of fiscal years 2026 and 2025 were $1.1 billion and not significant, respectively.
 Jul 27, 2025Jan 26, 2025
Other Assets (Long Term):(In millions)
Non-marketable equity securities$3,799 $3,387 
Prepaid supply and capacity agreements (1)1,776 1,747 
Income tax receivable1,042 750 
Prepaid royalties327 340 
Other272 201 
Total other assets$7,216 $6,425 
$1.8 billion and $3.3 billion were included in short-term Prepaid expenses and other current assets as of July 27, 2025 and January 26, 2025, respectively.
 Jul 27, 2025Jan 26, 2025
Accrued and Other Current Liabilities:(In millions)
Customer program accruals$4,705 $4,880 
Excess inventory purchase obligations (1)3,154 2,095 
Product warranty and return provisions2,245 1,373 
Taxes payable
1,910 881 
Accrued payroll and related expenses1,227 848 
Deferred revenue (2)980 837 
Operating leases301 288 
Licenses and royalties284 175 
Unsettled share repurchases185 132 
Other202 228 
Total accrued and other current liabilities$15,193 $11,737 
(1)    We recorded $137 million and $563 million for the second quarter of fiscal years 2026 and 2025, respectively, and $3.1 billion and $746 million for the first half of fiscal years 2026 and 2025, respectively, in cost of revenue
(2)    Includes customer advances and unearned revenue related to hardware support, software support, cloud services, and license and development arrangements. The balance as of July 27, 2025 and January 26, 2025 included $80 million and $81 million of customer advances, respectively.
 Jul 27, 2025Jan 26, 2025
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$3,081 $2,188 
Deferred income tax1,351 886 
Deferred revenue (2)1,055 976 
Licenses payable325 116 
Other243 79 
Total other long-term liabilities$6,055 $4,245 
(1)    Primarily comprised of unrecognized tax benefits and related interest and penalties.

(2)    Includes unearned revenue related to hardware support, software support, and cloud services.
Deferred Revenue
The following table shows the changes in short- and long-term deferred revenue during the first half of fiscal years 2026 and 2025:
Six Months Ended
 Jul 27, 2025Jul 28, 2024
(In millions)
Balance at beginning of period$1,813 $1,337 
Deferred revenue additions (1)8,275 1,478 
Revenue recognized (2)(8,053)(1,094)
Balance at end of period$2,035 $1,721 
(1)    Includes $7.5 billion and $770 million of customer advances for the first half of fiscal years 2026 and 2025, respectively.

(2)    Includes $7.5 billion and $664 million related to customer advances for the first half of fiscal years 2026 and 2025, respectively.
We recognized revenue of $479 million and $323 million in the first half of fiscal years 2026 and 2025, respectively, that were included in the prior year end deferred revenue balance.
As of July 27, 2025, revenue related to remaining performance obligations from contracts greater than one year in length was $1.9 billion, which includes $1.8 billion from deferred revenue and $118 million which has not yet been billed nor recognized as revenue. Approximately 40% of revenue from contracts greater than one year in length will be recognized over the next twelve months.
v3.25.2
Derivative Financial Instruments
6 Months Ended
Jul. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
We utilize foreign currency forward contracts to mitigate the impact of foreign currency exchange rate movements on our operating expenses. The foreign currency forward contracts for operating expenses are designated as accounting hedges. Gains or losses on the contracts are recorded in accumulated other comprehensive income or loss and reclassified to operating expense when the related operating expenses are recognized in earnings. During the first half of fiscal years 2026 and 2025, the impact of foreign currency forward contracts designated as accounting hedges on other comprehensive income or loss was not significant and all such instruments were determined to be highly effective.
We also entered into foreign currency forward contracts mitigating the impact of foreign currency movements on monetary assets and liabilities. For our foreign currency contracts for assets and liabilities, the change in fair value of these non-designated contracts was recorded in other income or expense and offsets the change in fair value of the hedged foreign currency denominated monetary assets and liabilities, which was also recorded in other income or expense.
The table below presents the notional value of our foreign currency contracts outstanding:
 Jul 27, 2025Jan 26, 2025
(In millions)
Designated as accounting hedges$1,577 $1,424 
Not designated as accounting hedges$939 $1,297 
The unrealized gains and losses or fair value of our foreign currency contracts were not significant as of July 27, 2025 and January 26, 2025.
As of July 27, 2025, all foreign currency contracts mature within eighteen months. The expected realized gains and losses deferred into accumulated other comprehensive income or loss related to foreign currency forward contracts within the next twelve months were not significant.
v3.25.2
Debt
6 Months Ended
Jul. 27, 2025
Debt Disclosure [Abstract]  
Debt Debt
Long-Term Debt
Expected
Remaining Term (years)
Effective
Interest Rate
Carrying Value at
Jul 27, 2025Jan 26, 2025
(In millions)
3.20% Notes Due 2026
1.13.31%$1,000 $1,000 
1.55% Notes Due 2028
2.91.64%1,250 1,250 
2.85% Notes Due 2030
4.72.93%1,500 1,500 
2.00% Notes Due 2031
5.92.09%1,250 1,250 
3.50% Notes Due 2040
14.73.54%1,000 1,000 
3.50% Notes Due 2050
24.73.54%2,000 2,000 
3.70% Notes Due 2060
34.73.73%500 500 
Unamortized debt discount and issuance costs(34)(37)
Net long-term carrying amount
$8,466 $8,463 
As of July 27, 2025 and January 26, 2025, the estimated fair value of debt was $7.4 billion and $7.2 billion, respectively. The estimated fair values are based on Level 2 inputs.
Our notes are unsecured senior obligations. Existing and future liabilities of our subsidiaries will be effectively senior to the notes. Our notes pay interest semi-annually. We may redeem each of our notes prior to maturity, subject to a make-whole premium. The maturity of the notes is calendar year.
As of July 27, 2025, we complied with the required covenants, which are non-financial in nature, under the outstanding notes.
Commercial Paper
We have a $575 million commercial paper program to support general corporate purposes. As of July 27, 2025 and January 26, 2025, we had no commercial paper outstanding.
v3.25.2
Commitments and Contingencies
6 Months Ended
Jul. 27, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Commitments
Our commitments include obligations to purchase components used to manufacture our products, including certain software and technology licenses, investments, long-lived assets, long-term supply and capacity agreements, multi-year cloud service agreements, and other goods and services.
We enter into agreements with contract manufacturers that allow them to procure inventory based upon our defined criteria, and in certain instances, these agreements are cancellable, able to be rescheduled, or adjustable for our business needs prior to placing firm orders. Though, changes to these agreements may result in additional costs.
Total future commitments as of July 27, 2025 are as follows:
 Commitments
 (In millions)
Fiscal Year: 
2026 (excluding the first half of fiscal year 2026)
$30,930 
20276,573 
20283,915 
20292,736 
20301,402 
2031 and thereafter
218 
Total$45,774 
Accrual for Product Warranty Liabilities
The estimated amount of product warranty liabilities was $2.1 billion and $1.3 billion as of July 27, 2025 and January 26, 2025, respectively. The estimated product returns and product warranty activity consisted of the following:
Three Months EndedSix Months Ended
Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
(In millions)
Balance at beginning of period$2,080 $532 $1,290 $306 
Additions220 237 1,090 471 
Utilization(156)(28)(236)(36)
Balance at end of period$2,144 $741 $2,144 $741 
We have provided indemnities for matters such as tax, product, and employee liabilities. We have included intellectual property indemnification provisions in our technology-related agreements with third parties. Maximum potential future payments cannot be estimated because many of these agreements do not have a maximum stated liability. We have not recorded any liability in our Condensed Consolidated Financial Statements for such indemnifications.
Litigation
Securities Class Action and Derivative Lawsuits
The plaintiffs in the putative securities class action lawsuit, captioned 4:18-cv-07669-HSG, initially filed on December 21, 2018 in the United States District Court for the Northern District of California, and titled In Re NVIDIA Corporation Securities Litigation, filed an amended complaint on May 13, 2020. The amended complaint asserted that NVIDIA and certain NVIDIA executives violated Section 10(b) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and SEC Rule 10b-5, by making materially false or misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand between May 10, 2017 and November 14, 2018. Plaintiffs also alleged that the
NVIDIA executives who they named as defendants violated Section 20(a) of the Exchange Act. Plaintiffs sought class certification, an award of unspecified compensatory damages, an award of reasonable costs and expenses, including attorneys’ fees and expert fees, and further relief as the Court may deem just and proper. On March 2, 2021, the district court granted NVIDIA’s motion to dismiss the complaint without leave to amend, entered judgment in favor of NVIDIA and closed the case. On March 30, 2021, plaintiffs filed an appeal from judgment in the United States Court of Appeals for the Ninth Circuit, case number 21-15604. On August 25, 2023, a majority of a three-judge Ninth Circuit panel affirmed in part and reversed in part the district court’s dismissal of the case, with a third judge dissenting on the basis that the district court did not err in dismissing the case. On November 15, 2023, the Ninth Circuit denied NVIDIA’s petition for rehearing en banc of the Ninth Circuit panel’s majority decision to reverse in part the dismissal of the case, which NVIDIA had filed on October 10, 2023. On December 5, 2023, the Ninth Circuit granted NVIDIA’s motion to stay the mandate pending NVIDIA’s petition for a writ of certiorari in the Supreme Court of the United States and the Supreme Court’s final disposition of the matter. NVIDIA filed a petition for a writ of certiorari on March 4, 2024. On June 17, 2024, the Supreme Court of the United States granted NVIDIA’s petition for a writ of certiorari. After briefing and argument, the Supreme Court dismissed NVIDIA’s writ of certiorari as improvidently granted on December 11, 2024, and issued judgment on January 13, 2025. On February 20, 2025, the Ninth Circuit’s judgment, entered August 25, 2023 and corrected August 28, 2023, took effect, and the case was remanded to the district court for further proceedings.
The putative derivative lawsuit pending in the United States District Court for the Northern District of California, captioned 4:19-cv-00341-HSG, initially filed January 18, 2019 and titled In re NVIDIA Corporation Consolidated Derivative Litigation, was stayed pending resolution of the plaintiffs’ appeal in the In Re NVIDIA Corporation Securities Litigation action. On February 22, 2022, the court administratively closed the case, but stated that it would reopen the case once the appeal in the In Re NVIDIA Corporation Securities Litigation action is resolved. The case has not yet been reopened by the court. The lawsuit asserts claims, purportedly on behalf of us, against certain officers and directors of the Company for breach of fiduciary duty, unjust enrichment, waste of corporate assets, and violations of Sections 14(a), 10(b), and 20(a) of the Exchange Act based on the dissemination of allegedly false and misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand. The plaintiffs are seeking unspecified damages and other relief, including reforms and improvements to NVIDIA’s corporate governance and internal procedures.
The putative derivative actions initially filed September 24, 2019 and pending in the United States District Court for the District of Delaware, Lipchitz v. Huang, et al. (Case No. 1:19-cv-01795-MN) and Nelson v. Huang, et. al. (Case No. 1:19-cv-01798-MN), were stayed pending resolution of the plaintiffs’ appeal in the In Re NVIDIA Corporation Securities Litigation action. On March 7, 2025, after the Supreme Court issued its judgment dismissing the Company’s petition for writ of certiorari as improvidently granted in the In Re NVIDIA Securities Litigation action, the district court adopted the parties' stipulation to extend the stay until the final and complete resolution of the In Re NVIDIA Corporation Securities Litigation action. The lawsuits assert claims, purportedly on behalf of us, against certain officers and directors of the Company for breach of fiduciary duty, unjust enrichment, insider trading, misappropriation of information, corporate waste and violations of Sections 14(a), 10(b), and 20(a) of the Exchange Act based on the dissemination of allegedly false, and misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand. The plaintiffs seek unspecified damages and other relief, including disgorgement of profits from the sale of NVIDIA stock and unspecified corporate governance measures.
Another putative derivative action was filed on October 30, 2023 in the Court of Chancery of the State of Delaware, captioned Horanic v. Huang, et al. (Case No. 2023-1096-KSJM). This lawsuit asserts claims, purportedly on behalf of us, against certain officers and directors of the Company for breach of fiduciary duty and insider trading based on the dissemination of allegedly false and misleading statements related to channel inventory and the impact of cryptocurrency mining on GPU demand. The plaintiffs seek unspecified damages and other relief, including disgorgement of profits from the sale of NVIDIA stock and reform of unspecified corporate governance measures. On August 11, 2025, the court granted the parties’ stipulation to voluntarily dismiss with prejudice plaintiff City of Westland Police and Fire Retirement System. This derivative matter is stayed pending the final resolution of In Re NVIDIA Corporation Securities Litigation action.
Accounting for Loss Contingencies
As of July 27, 2025, there are no accrued contingent liabilities associated with the legal proceedings described above based on our belief that liabilities, while reasonably possible, are not probable. Further, any possible loss or range of loss in these matters cannot be reasonably estimated at this time. We are engaged in legal actions not described above arising in the ordinary course of business and, while there can be no assurance of favorable outcomes, we believe that the ultimate outcome of these actions will not have a material adverse effect on our operating results, liquidity or financial position.
v3.25.2
Shareholders' Equity
6 Months Ended
Jul. 27, 2025
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity 
Capital Return Program 
67 million and 63 million shares of our common stock for $9.7 billion and $7.0 billion during the second quarter of fiscal years 2026 and 2025, respectively, and 193 million and 162 million shares of our common stock for $24.2 billion and $15.1 billion during the first half of fiscal years 2026 and 2025, respectively. As of July 27, 2025, we were authorized, subject to certain specifications, to repurchase up to $14.7 billion of our common stock.
From July 28, 2025 through August 26, 2025, we repurchased 20 million shares for $3.5 billion pursuant to a pre-established trading plan. On August 26, 2025, our Board of Directors approved an additional $60.0 billion in share repurchase authorization, without expiration. As of August 26, 2025, a total of $71.2 billion was available for repurchase.
$244 million and $246 million during the second quarter, and $488 million and $344 million during the first half, of fiscal years 2026 and 2025, respectively. The payment of future cash dividends is subject to our Board of Directors' continuing determination that the declaration of dividends is in the best interests of our shareholders.
v3.25.2
Segment Information
6 Months Ended
Jul. 27, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Our Chief Executive Officer is our chief operating decision maker, or CODM, and reviews financial information presented on an operating segment basis for purposes of making decisions and assessing financial performance. Our CODM assesses operating performance of each segment based on regularly provided segment revenue and segment operating income. Operating results by segment include costs or expenses directly attributable to each segment, and costs or expenses that are leveraged across our unified architecture and therefore allocated between our two segments. Our CODM reviews expenses on a consolidated basis, and expenses attributable to each segment are not regularly provided to our CODM.
The Compute & Networking segment includes our Data Center accelerated computing platforms and artificial intelligence, or AI, solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms; and DGX Cloud computing services.
The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
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 27, 2025
  
Revenue$41,331 $5,412 $46,743 
Other segment items (1)12,968 3,170 16,138 
Operating income (loss)$28,363 $2,242 $30,605 
Three Months Ended Jul 28, 2024
  
Revenue$26,446 $3,594 $30,040 
Other segment items (1)7,598 2,225 9,823 
Operating income (loss)$18,848 $1,369 $20,217 
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 (loss)$50,417 $3,882 $54,299 
Six Months Ended Jul 28, 2024
Revenue$49,121 $6,963 $56,084 
Other segment items (1)13,225 4,354 17,579 
Operating income (loss)$35,896 $2,609 $38,505 
(1)    Other segment items for the Compute & Networking and Graphics reportable segments primarily include product costs and inventory provisions, compensation and benefits excluding stock-based compensation expense, compute and infrastructure expenses, and engineering development costs.
Depreciation and amortization expense attributable to our Compute and Networking segment was $383 million and $161 million for the second quarter, and $684 million and $307 million for the first half, of fiscal years 2026 and 2025, respectively. Depreciation and amortization expense attributable to our Graphics segment was $148 million and $86 million for the second quarter, and $252 million and $171 million for the first half, of fiscal years 2026 and 2025, respectively. Acquisition-related intangible amortization expense is not allocated to either Compute & Networking or Graphics for purposes of making operating decisions or assessing financial performance.
A reconciliation of segment operating income to consolidated income before income tax for the second quarter and first half of fiscal years 2026 and 2025 were as follows:
Three Months EndedSix Months Ended
Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
(In millions)
Segment operating income
$30,605 $20,217 $54,299 $38,505 
Stock-based compensation expense(1,624)(1,154)(3,099)(2,164)
Unallocated cost of revenue and operating expenses (440)(280)(859)(508)
Acquisition-related and other costs(101)(141)(263)(282)
Interest income592 444 1,108 803 
Interest expense(62)(61)(124)(125)
Other income (expense), net2,236 189 2,055 264 
Consolidated income before income tax
$31,206 $19,214 $53,117 $36,493 
Revenue by geographic area is based upon the billing location of the customer. The end customer and shipping location may be different from our customer’s billing location.
 Three Months EndedSix Months Ended
 Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
 (In millions)
Geographic Revenue based upon Customer Billing Location:
  
United States$23,470 $13,022 $44,209 $26,518 
Singapore (1)10,156 5,622 19,173 9,659 
Taiwan8,529 5,740 15,687 10,113 
China (including Hong Kong)2,769 3,667 8,291 6,158 
Other1,819 1,989 3,445 3,636 
Total revenue$46,743 $30,040 $90,805 $56,084 
(1)    Singapore represented 22%, and 21% of the second quarter and first half of fiscal year 2026 total revenue based upon customer billing location, respectively. Customers use Singapore to centralize invoicing while our products are almost always shipped elsewhere. Over 99% of controlled Data Center compute revenue billed to Singapore was for orders from U.S.-based customers for the second quarter and first half of fiscal year 2026. Controlled Data Center compute refers to products that meet the characteristics of Export Control Classification Numbers 3A090.a or 4A090.a.
Revenue from sales to customers outside of the United States accounted for 50% and 51% of total revenue for the second quarter and first half of fiscal year 2026, respectively, and 57% and 53% of total revenue for the second quarter and first half of fiscal year 2025, respectively.
We refer to customers who purchase products directly from NVIDIA as direct customers, such as add-in board manufacturers, distributors, ODMs, OEMs, and system integrators. We have certain customers that may purchase products directly from NVIDIA and may use either internal resources or third-party system integrators to complete their build. We also have indirect customers, who purchase products through our direct customers; indirect customers include cloud service providers, or CSPs, consumer internet companies, enterprises, and public sector entities.
For the second quarter of fiscal year 2026, sales to one direct customer, Customer A, represented 23% of total revenue; and sales to a second direct customer, Customer B, represented 16% of total revenue, respectively, both of which were attributable to the Compute & Networking segment. For the first half of fiscal year 2026, sales to one direct customer, Customer A, represented 20% of total revenue; and sales to a second direct customer, Customer B, represented 15% of total revenue, respectively, both of which were attributable to the Compute & Networking segment.
Sales to four direct customers represented 14%, 11%, 11%, and 10% of revenue for the second quarter, and sales to three direct customers represented 14%, 10%, and 10% of revenue for the first half, of fiscal year 2025, all of which were attributable to the Compute & Networking segment.
The following table summarizes revenue by specialized markets:
 Three Months EndedSix Months Ended
 Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
 (In millions)
Revenue by End Market:  
Data Center$41,096 $26,272 $80,208 $48,835 
Compute33,844 22,604 67,999 41,996 
Networking7,252 3,668 12,209 6,839 
Gaming4,287 2,880 8,050 5,527 
Professional Visualization601 454 1,110 881 
Automotive586 346 1,153 675 
OEM and Other173 88 284 166 
Total revenue$46,743 $30,040 $90,805 $56,084 
v3.25.2
Leases
6 Months Ended
Jul. 27, 2025
Leases [Abstract]  
Leases Leases
Our lease obligations primarily consist of operating leases for our offices and data centers, with lease periods expiring between fiscal years 2026 and 2041.
Future minimum lease obligations under our non-cancelable lease agreements as of July 27, 2025 were as follows:
Operating Lease Obligations
 (In millions)
Fiscal Year: 
2026 (excluding the first half of fiscal year 2026)
$174 
2027418 
2028397 
2029353 
2030277 
2031 and thereafter
925 
Total2,544 
Less imputed interest412 
Present value of net future minimum lease payments2,132 
Less short-term operating lease liabilities301 
Long-term operating lease liabilities$1,831 
Between the third quarter of fiscal year 2026 and fiscal year 2030, we expect to commence leases with future obligations of $7.1 billion primarily of data center leases, with lease terms of 2 to 15 years.
Operating lease expenses were $109 million and $84 million for the second quarter, and $210 million and $164 million for the first half, of fiscal years 2026 and 2025, respectively. Short-term and variable lease expenses for the second quarter and first half of fiscal years 2026 and 2025 were not significant.
Other information related to leases was as follows:
Six Months Ended
Jul 27, 2025Jul 28, 2024
 (In millions)
Supplemental cash flows information 
Operating cash flow used for operating leases$200 $146 
Operating lease assets obtained in exchange for lease obligations$458 $405 
As of July 27, 2025, our operating leases have a weighted average remaining lease term of 7.5 years and a weighted average discount rate of 4.35%. As of January 26, 2025, our operating leases had a weighted average remaining lease term of 6.5 years and a weighted average discount rate of 4.16%.
v3.25.2
Insider Trading Arrangements
3 Months Ended
Jul. 27, 2025
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
NameTitle of Director or OfficerActionDateTotal Shares of Common Stock to be Sold
A. Brooke Seawell
Director
Termination
July 14, 2025
1,153,049*
*The Rule 10b5-1 Trading Arrangement was adopted on March 19, 2025 for sales through July 31, 2025, with an estimated formulaic number of shares. 770,522 shares were actually sold under the Rule 10b5-1 Trading Arrangement prior to termination.
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Terminated false
A. Brooke Seawell [Member]  
Trading Arrangements, by Individual  
Name A. Brooke Seawell
Title Director
Rule 10b5-1 Arrangement Terminated true
Termination Date July 14, 2025
Aggregate Available 1,153,049
v3.25.2
Summary of Significant Accounting Policies (Policies)
6 Months Ended
Jul. 27, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America, or U.S. GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission, or SEC, Regulation S-X. The January 26, 2025 consolidated balance sheet was derived from our audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 26, 2025, as filed with the SEC, but does not include all disclosures required by U.S. GAAP. In the opinion of management, all adjustments, consisting only of normal recurring adjustments considered necessary for a fair presentation of results of operations and financial position, have been included. The results for the interim periods presented are not necessarily indicative of the results expected for any future period. The following information should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 26, 2025.
Reclassification
Certain balances from the prior fiscal year have been reclassified to conform to the current period presentation.
Fiscal Year
Fiscal Year
Fiscal years 2026 and 2025 are both 52-week years ending on the last Sunday in January. The second quarters of fiscal years 2026 and 2025 were both 13-week quarters.
Principles of Consolidation
Principles of Consolidation
Our condensed consolidated financial statements include the accounts of NVIDIA Corporation and our wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from our estimates. On an on-going basis, we evaluate our estimates, including those related to accounts receivable, cash equivalents and marketable securities, goodwill, income taxes, inventories and product purchase commitments, investigation and settlement costs, litigation, non-marketable equity securities, other contingencies, property, plant, and equipment, restructuring and other charges, revenue recognition, and stock-based compensation. These estimates are based on historical facts and various other assumptions that we believe are reasonable.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
Recent Accounting Pronouncements Not Yet Adopted
In December 2023, the FASB issued a new accounting standard which includes new and updated income tax disclosures, including disaggregation of information in the rate reconciliation and income taxes paid. We will adopt this standard in our fiscal year 2026 annual report. We are currently assessing the effect of the adoption of this standard on our disclosures that will be included in our Form 10-K for the fiscal year ending January 25, 2026.
In November 2024, the FASB issued a new accounting standard requiring disclosures of certain additional expense information on an annual and interim basis, including, among other items, the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each income statement expense caption, as applicable. We will adopt this standard in our fiscal year 2028 annual report. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements other than additional disclosures.
v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jul. 27, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense, Net of Amounts Capitalized as Inventory
Condensed Consolidated Statements of Income include stock-based compensation expense, net of amounts capitalized into inventory, as follows:
 Three Months EndedSix Months Ended
 Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
(In millions)
Cost of revenue$58 $40 $123 $75 
Research and development1,191 832 2,254 1,559 
Sales, general and administrative375 282 722 530 
Total$1,624 $1,154 $3,099 $2,164 
Schedule of Equity Awards
The following is a summary of our equity award transactions under our equity incentive plans:
RSUs, PSUs and Market-based PSUs Outstanding
 Number of SharesWeighted Average Grant-Date Fair Value Per Share
(In millions, except per share data)
Balance as of Jan 26, 2025
274 $44.75 
Granted48 $108.52 
Vested(78)$36.00 
Canceled and forfeited(5)$52.34 
Balance as of Jul 27, 2025
239 $60.19 
v3.25.2
Net Income Per Share (Tables)
6 Months Ended
Jul. 27, 2025
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted Net Income Per Share Computations
The following is the basic and diluted net income per share computations for the periods presented:
 Three Months EndedSix Months Ended
Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
 (In millions, except per share data)
Numerator:  
Net income$26,422 $16,599 $45,197 $31,480 
Denominator:
Basic weighted average shares24,366 24,578 24,404 24,599 
Dilutive impact of outstanding equity awards166 270 167 270 
Diluted weighted average shares24,532 24,848 24,571 24,869 
Net income per share:
Basic (1)$1.08 $0.68 $1.85 $1.28 
Diluted (2)$1.08 $0.67 $1.84 $1.27 
Anti-dilutive equity awards excluded from diluted net income per share60 68 
(1)    Net income divided by basic weighted average shares.
(2)    Net income divided by diluted weighted average shares.
v3.25.2
Cash Equivalents and Marketable Securities (Tables)
6 Months Ended
Jul. 27, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash Equivalents and Marketable Securities The following is a summary of cash equivalents and marketable securities:
 Jul 27, 2025
Pricing CategoryAmortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Debt securities issued by the U.S. TreasuryLevel 2$23,967 $76 $(11)$24,032 $3,784 $20,248 
Corporate debt securitiesLevel 221,564 81 (9)21,636 2,214 19,422 
Money market fundsLevel 15,245 — — 5,245 5,245 — 
Debt securities issued by U.S. government agenciesLevel 22,238 (2)2,243 — 2,243 
Certificates of depositLevel 2108 — — 108 108 — 
Foreign government bonds
Level 240 — — 40 — 40 
Total debt securities with fair value adjustments recorded in other comprehensive income53,162 164 (22)53,304 11,351 41,953 
Publicly-held equity securities (1)
Level 13,199 — 3,199 
Total$53,162 $164 $(22)$56,503 $11,351 $45,152 
(1)    In the first quarter of fiscal year 2026, one investment was reclassified from non-marketable equity securities to marketable securities following public market trading. The fair value of the investment as of July 27, 2025 was $2.8 billion and was subject to a short-term restriction on the ability to sell.
 Jan 26, 2025
Pricing CategoryAmortized
Cost
Unrealized
Gain
Unrealized
Loss
Estimated
Fair Value
Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Corporate debt securitiesLevel 2$18,504 $51 $(29)$18,526 $2,071 $16,455 
Debt securities issued by the U.S. TreasuryLevel 216,749 42 (22)16,769 1,801 14,968 
Money market fundsLevel 13,760 — — 3,760 3,760 — 
Debt securities issued by U.S. government agenciesLevel 22,775 (5)2,777 — 2,777 
Foreign government bondsLevel 2177 — — 177 137 40 
Certificates of depositLevel 297 — — 97 97 — 
Total debt securities with fair value adjustments recorded in other comprehensive income42,062 100 (56)42,106 7,866 34,240 
Publicly-held equity securities
Level 1381 — 381 
Total$42,062 $100 $(56)$42,487 $7,866 $34,621 
The estimated fair value of debt securities included in cash equivalents and marketable securities are shown below by contractual maturity.
Jul 27, 2025
(In millions)
Less than one year$22,521 
Due in 1 - 5 years30,783 
Total$53,304 
Schedule of Investments in a Continuous Unrealized Loss Position
The following table provides the breakdown of unrealized losses, aggregated by investment category and length of time that individual debt securities have been in a continuous loss position:
Jul 27, 2025Jan 26, 2025
 Less than 12 MonthsLess than 12 Months
 Estimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized Loss
 (In millions)
Debt securities issued by the U.S. Treasury$7,319 $(11)$6,315 $(22)
Corporate debt securities3,539 (9)5,291 (29)
Debt securities issued by U.S. government agencies768 (2)816 (5)
Total$11,626 $(22)$12,422 $(56)
v3.25.2
Fair Value of Non-marketable Equity Securities (Tables)
6 Months Ended
Jul. 27, 2025
Fair Value Disclosures [Abstract]  
Schedule of Non-marketable Equity Securities
Adjustments to the carrying value of our non-marketable equity securities during the second quarter and first half of fiscal years 2026 and 2025 were as follows:
Three Months EndedSix Months Ended
Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
(In millions)
Balance at beginning of period$3,240 $1,463 $3,387 $1,321 
Adjustments related to non-marketable equity securities:
Net additions299 294 948 421 
Unrealized gains267 77 330 92 
Reclassification (1)
(5)— (848)— 
Impairments and unrealized losses(2)(15)(18)(15)
Balance at end of period$3,799 $1,819 $3,799 $1,819 
(1) Represents reclassifications from non-marketable equity securities to marketable securities following public market trading.
v3.25.2
Amortizable Intangible Assets and Goodwill (Tables)
6 Months Ended
Jul. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of the Components of Our Amortizable Intangible Assets
The components of our amortizable intangible assets are as follows:
 Jul 27, 2025Jan 26, 2025
 Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
 (In millions)
Acquisition-related intangible assets$3,054 $(2,484)$570 $2,900 $(2,264)$636 
Patents and licensed technology473 (288)185 449 (278)171 
Total intangible assets$3,527 $(2,772)$755 $3,349 $(2,542)$807 
Schedule of Finite-Lived Intangible Assets, Amortization Expense
The following table outlines the estimated future amortization expense related to the net carrying amount of intangible assets as of July 27, 2025:
Future Amortization Expense
 (In millions)
Fiscal Year: 
2026 (excluding the first half of fiscal year 2026)
$160 
2027300 
2028145 
202946 
203011 
2031 and thereafter93 
Total$755 
v3.25.2
Balance Sheet Components (Tables)
6 Months Ended
Jul. 27, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Certain balance sheet components are as follows:
 Jul 27, 2025Jan 26, 2025
Inventories:(In millions)
Raw materials$1,843 $3,408 
Work in process4,411 3,399 
Finished goods8,708 3,273 
Total inventories (1)$14,962 $10,080 
(1)    We recorded an inventory provision of $886 million and $345 million for the second quarter of fiscal years 2026 and 2025, respectively, and $3.2 billion and $555 million for the first half of fiscal years 2026 and 2025, respectively, in cost of revenue.
Schedule of Other Assets
 Jul 27, 2025Jan 26, 2025
Other Assets (Long Term):(In millions)
Non-marketable equity securities$3,799 $3,387 
Prepaid supply and capacity agreements (1)1,776 1,747 
Income tax receivable1,042 750 
Prepaid royalties327 340 
Other272 201 
Total other assets$7,216 $6,425 
(1)    $1.8 billion and $3.3 billion were included in short-term Prepaid expenses and other current assets as of July 27, 2025 and January 26, 2025, respectively.
Schedule of Accrued and Other Current Liabilities
 Jul 27, 2025Jan 26, 2025
Accrued and Other Current Liabilities:(In millions)
Customer program accruals$4,705 $4,880 
Excess inventory purchase obligations (1)3,154 2,095 
Product warranty and return provisions2,245 1,373 
Taxes payable
1,910 881 
Accrued payroll and related expenses1,227 848 
Deferred revenue (2)980 837 
Operating leases301 288 
Licenses and royalties284 175 
Unsettled share repurchases185 132 
Other202 228 
Total accrued and other current liabilities$15,193 $11,737 
(1)    We recorded $137 million and $563 million for the second quarter of fiscal years 2026 and 2025, respectively, and $3.1 billion and $746 million for the first half of fiscal years 2026 and 2025, respectively, in cost of revenue
(2)    Includes customer advances and unearned revenue related to hardware support, software support, cloud services, and license and development arrangements. The balance as of July 27, 2025 and January 26, 2025 included $80 million and $81 million of customer advances, respectively.
Schedule of Other Long-term Liabilities
 Jul 27, 2025Jan 26, 2025
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$3,081 $2,188 
Deferred income tax1,351 886 
Deferred revenue (2)1,055 976 
Licenses payable325 116 
Other243 79 
Total other long-term liabilities$6,055 $4,245 
(1)    Primarily comprised of unrecognized tax benefits and related interest and penalties.

(2)    Includes unearned revenue related to hardware support, software support, and cloud services.
Schedule of Changes in Deferred Revenue
The following table shows the changes in short- and long-term deferred revenue during the first half of fiscal years 2026 and 2025:
Six Months Ended
 Jul 27, 2025Jul 28, 2024
(In millions)
Balance at beginning of period$1,813 $1,337 
Deferred revenue additions (1)8,275 1,478 
Revenue recognized (2)(8,053)(1,094)
Balance at end of period$2,035 $1,721 
(1)    Includes $7.5 billion and $770 million of customer advances for the first half of fiscal years 2026 and 2025, respectively.

(2)    Includes $7.5 billion and $664 million related to customer advances for the first half of fiscal years 2026 and 2025, respectively.
v3.25.2
Derivative Financial Instruments (Tables)
6 Months Ended
Jul. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Value of Our Foreign Currency Contracts Outstanding
The table below presents the notional value of our foreign currency contracts outstanding:
 Jul 27, 2025Jan 26, 2025
(In millions)
Designated as accounting hedges$1,577 $1,424 
Not designated as accounting hedges$939 $1,297 
v3.25.2
Debt (Tables)
6 Months Ended
Jul. 27, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Expected
Remaining Term (years)
Effective
Interest Rate
Carrying Value at
Jul 27, 2025Jan 26, 2025
(In millions)
3.20% Notes Due 2026
1.13.31%$1,000 $1,000 
1.55% Notes Due 2028
2.91.64%1,250 1,250 
2.85% Notes Due 2030
4.72.93%1,500 1,500 
2.00% Notes Due 2031
5.92.09%1,250 1,250 
3.50% Notes Due 2040
14.73.54%1,000 1,000 
3.50% Notes Due 2050
24.73.54%2,000 2,000 
3.70% Notes Due 2060
34.73.73%500 500 
Unamortized debt discount and issuance costs(34)(37)
Net long-term carrying amount
$8,466 $8,463 
v3.25.2
Commitments and Contingencies (Tables)
6 Months Ended
Jul. 27, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Purchase Obligation, Fiscal Year Maturity
Total future commitments as of July 27, 2025 are as follows:
 Commitments
 (In millions)
Fiscal Year: 
2026 (excluding the first half of fiscal year 2026)
$30,930 
20276,573 
20283,915 
20292,736 
20301,402 
2031 and thereafter
218 
Total$45,774 
Schedule of Product Warranty Activity The estimated product returns and product warranty activity consisted of the following:
Three Months EndedSix Months Ended
Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
(In millions)
Balance at beginning of period$2,080 $532 $1,290 $306 
Additions220 237 1,090 471 
Utilization(156)(28)(236)(36)
Balance at end of period$2,144 $741 $2,144 $741 
v3.25.2
Segment Information (Tables)
6 Months Ended
Jul. 27, 2025
Segment Reporting [Abstract]  
Schedule of Reportable Segments The table below presents details of our reportable segments.

Compute & NetworkingGraphics
Total
 (In millions)
Three Months Ended Jul 27, 2025
  
Revenue$41,331 $5,412 $46,743 
Other segment items (1)12,968 3,170 16,138 
Operating income (loss)$28,363 $2,242 $30,605 
Three Months Ended Jul 28, 2024
  
Revenue$26,446 $3,594 $30,040 
Other segment items (1)7,598 2,225 9,823 
Operating income (loss)$18,848 $1,369 $20,217 
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 (loss)$50,417 $3,882 $54,299 
Six Months Ended Jul 28, 2024
Revenue$49,121 $6,963 $56,084 
Other segment items (1)13,225 4,354 17,579 
Operating income (loss)$35,896 $2,609 $38,505 
(1)    Other segment items for the Compute & Networking and Graphics reportable segments primarily include product costs and inventory provisions, compensation and benefits excluding stock-based compensation expense, compute and infrastructure expenses, and engineering development costs.
Three Months EndedSix Months Ended
Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
(In millions)
Segment operating income
$30,605 $20,217 $54,299 $38,505 
Stock-based compensation expense(1,624)(1,154)(3,099)(2,164)
Unallocated cost of revenue and operating expenses (440)(280)(859)(508)
Acquisition-related and other costs(101)(141)(263)(282)
Interest income592 444 1,108 803 
Interest expense(62)(61)(124)(125)
Other income (expense), net2,236 189 2,055 264 
Consolidated income before income tax
$31,206 $19,214 $53,117 $36,493 
Schedule of Revenue by Geographic Regions
Revenue by geographic area is based upon the billing location of the customer. The end customer and shipping location may be different from our customer’s billing location.
 Three Months EndedSix Months Ended
 Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
 (In millions)
Geographic Revenue based upon Customer Billing Location:
  
United States$23,470 $13,022 $44,209 $26,518 
Singapore (1)10,156 5,622 19,173 9,659 
Taiwan8,529 5,740 15,687 10,113 
China (including Hong Kong)2,769 3,667 8,291 6,158 
Other1,819 1,989 3,445 3,636 
Total revenue$46,743 $30,040 $90,805 $56,084 
(1)    Singapore represented 22%, and 21% of the second quarter and first half of fiscal year 2026 total revenue based upon customer billing location, respectively. Customers use Singapore to centralize invoicing while our products are almost always shipped elsewhere. Over 99% of controlled Data Center compute revenue billed to Singapore was for orders from U.S.-based customers for the second quarter and first half of fiscal year 2026. Controlled Data Center compute refers to products that meet the characteristics of Export Control Classification Numbers 3A090.a or 4A090.a.
Schedule of Revenue by Specialized Markets
The following table summarizes revenue by specialized markets:
 Three Months EndedSix Months Ended
 Jul 27, 2025Jul 28, 2024Jul 27, 2025Jul 28, 2024
 (In millions)
Revenue by End Market:  
Data Center$41,096 $26,272 $80,208 $48,835 
Compute33,844 22,604 67,999 41,996 
Networking7,252 3,668 12,209 6,839 
Gaming4,287 2,880 8,050 5,527 
Professional Visualization601 454 1,110 881 
Automotive586 346 1,153 675 
OEM and Other173 88 284 166 
Total revenue$46,743 $30,040 $90,805 $56,084 
v3.25.2
Leases (Tables)
6 Months Ended
Jul. 27, 2025
Leases [Abstract]  
Schedule of Future Minimum Lease Obligations
Future minimum lease obligations under our non-cancelable lease agreements as of July 27, 2025 were as follows:
Operating Lease Obligations
 (In millions)
Fiscal Year: 
2026 (excluding the first half of fiscal year 2026)
$174 
2027418 
2028397 
2029353 
2030277 
2031 and thereafter
925 
Total2,544 
Less imputed interest412 
Present value of net future minimum lease payments2,132 
Less short-term operating lease liabilities301 
Long-term operating lease liabilities$1,831 
Schedule of Other Information Related to Leases
Other information related to leases was as follows:
Six Months Ended
Jul 27, 2025Jul 28, 2024
 (In millions)
Supplemental cash flows information 
Operating cash flow used for operating leases$200 $146 
Operating lease assets obtained in exchange for lease obligations$458 $405 
v3.25.2
Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Share-based Compensation        
Stock-based compensation expense $ 1,624 $ 1,154 $ 3,099 $ 2,164
Cost of revenue        
Share-based Compensation        
Stock-based compensation expense 58 40 123 75
Research and development        
Share-based Compensation        
Stock-based compensation expense 1,191 832 2,254 1,559
Sales, general and administrative        
Share-based Compensation        
Stock-based compensation expense $ 375 $ 282 $ 722 $ 530
v3.25.2
Stock-Based Compensation - Schedule of Equity Awards (Details) - RSUs, PSUs, and Market-based PSUs
shares in Millions
6 Months Ended
Jul. 27, 2025
$ / shares
shares
Number of Shares  
Outstanding, beginning balance (in shares) | shares 274
Granted (in shares) | shares 48
Vested (in shares) | shares (78)
Canceled and forfeited (in shares) | shares (5)
Outstanding, ending balance (in shares) | shares 239
Weighted Average Grant-Date Fair Value Per Share  
Weighted average grant date fair value, beginning balance (in dollars per share) | $ / shares $ 44.75
Weighted average grant date fair value, granted (in dollars per share) | $ / shares 108.52
Weighted average grant date fair value, Vested (in dollars per share) | $ / shares 36.00
Weighted average grant date fair value, canceled and forfeited (in dollars per share) | $ / shares 52.34
Weighted average grant date fair value, ending balance (in dollars per share) | $ / shares $ 60.19
v3.25.2
Stock-Based Compensation - Narrative (Details)
$ in Billions
6 Months Ended
Jul. 27, 2025
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unearned stock-based compensation expense $ 14.0
RSUs, PSUs, and Market-based PSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Estimated weighted average amortization period 2 years 2 months 12 days
Employee Stock Purchase Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Estimated weighted average amortization period 1 year
v3.25.2
Net Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Numerator:        
Net income $ 26,422 $ 16,599 $ 45,197 $ 31,480
Denominator:        
Basic weighted average shares (in shares) 24,366 24,578 24,404 24,599
Dilutive impact of outstanding equity awards (in shares) 166 270 167 270
Diluted weighted average shares (in shares) 24,532 24,848 24,571 24,869
Net income per share:        
Basic (in dollars per share) $ 1.08 $ 0.68 $ 1.85 $ 1.28
Diluted (in dollars per share) $ 1.08 $ 0.67 $ 1.84 $ 1.27
Anti-dilutive equity awards excluded from diluted net income per share (in shares) 3 5 60 68
v3.25.2
Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Income Tax Disclosure [Abstract]        
Income tax expense $ 4,784 $ 2,615 $ 7,920 $ 5,013
Tax expense as a percentage of income before income tax (percent) 15.30% 13.60% 14.90% 13.70%
v3.25.2
Cash Equivalents and Marketable Securities - Schedule of Securities (Details) - USD ($)
$ in Millions
Jul. 27, 2025
Jan. 26, 2025
Summary of cash equivalents and marketable securities:    
Amortized Cost $ 53,162 $ 42,062
Unrealized Gain 164 100
Unrealized Loss (22) (56)
Estimated Fair Value 53,304  
Cash Equivalents 11,351 7,866
Estimated Fair Value, Total 56,503 42,487
Marketable securities, total 45,152 34,621
Total debt securities with fair value adjustments recorded in other comprehensive income    
Summary of cash equivalents and marketable securities:    
Amortized Cost 53,162 42,062
Unrealized Gain 164 100
Unrealized Loss (22) (56)
Estimated Fair Value 53,304 42,106
Cash Equivalents 11,351 7,866
Marketable Securities 41,953 34,240
Debt securities issued by the U.S. Treasury    
Summary of cash equivalents and marketable securities:    
Amortized Cost 23,967 16,749
Unrealized Gain 76 42
Unrealized Loss (11) (22)
Estimated Fair Value 24,032 16,769
Cash Equivalents 3,784 1,801
Marketable Securities 20,248 14,968
Corporate debt securities    
Summary of cash equivalents and marketable securities:    
Amortized Cost 21,564 18,504
Unrealized Gain 81 51
Unrealized Loss (9) (29)
Estimated Fair Value 21,636 18,526
Cash Equivalents 2,214 2,071
Marketable Securities 19,422 16,455
Money market funds    
Summary of cash equivalents and marketable securities:    
Amortized Cost 5,245 3,760
Unrealized Gain 0 0
Unrealized Loss 0 0
Estimated Fair Value 5,245 3,760
Cash Equivalents 5,245 3,760
Marketable Securities 0 0
Debt securities issued by U.S. government agencies    
Summary of cash equivalents and marketable securities:    
Amortized Cost 2,238 2,775
Unrealized Gain 7 7
Unrealized Loss (2) (5)
Estimated Fair Value 2,243 2,777
Cash Equivalents 0 0
Marketable Securities 2,243 2,777
Certificates of deposit    
Summary of cash equivalents and marketable securities:    
Amortized Cost 108 97
Unrealized Gain 0 0
Unrealized Loss 0 0
Estimated Fair Value 108 97
Cash Equivalents 108 97
Marketable Securities 0 0
Foreign government bonds    
Summary of cash equivalents and marketable securities:    
Amortized Cost 40 177
Unrealized Gain 0 0
Unrealized Loss 0 0
Estimated Fair Value 40 177
Cash Equivalents 0 137
Marketable Securities 40 40
Publicly-held equity securities    
Summary of cash equivalents and marketable securities:    
Publicly-held equity securities $ 3,199 $ 381
v3.25.2
Cash Equivalents and Marketable Securities - Narrative (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
USD ($)
Apr. 27, 2025
USD ($)
investment
Jul. 28, 2024
USD ($)
Jul. 27, 2025
USD ($)
Jul. 28, 2024
USD ($)
Jan. 26, 2025
USD ($)
Apr. 28, 2024
USD ($)
Jan. 28, 2024
USD ($)
Summary of cash equivalents and marketable securities:                
Number of investments reclassified | investment   1            
Fair value of non-marketable equity securities reclassified to marketable securities $ 3,799 $ 3,240 $ 1,819 $ 3,799 $ 1,819 $ 3,387 $ 1,463 $ 1,321
Net unrealized gains on investments in publicly held equity securities 1,900   $ 132 1,700 $ 181      
Debt securities in a continuous loss position of twelve months or greater 15     15   $ 213    
Publicly-held equity securities                
Summary of cash equivalents and marketable securities:                
Fair value of non-marketable equity securities reclassified to marketable securities $ 2,800     $ 2,800        
v3.25.2
Cash Equivalents and Marketable Securities - Schedule of Unrealized Losses Aggregated by Investment Category (Details) - USD ($)
$ in Millions
Jul. 27, 2025
Jan. 26, 2025
Estimated Fair Value    
Less than 12 Months $ 11,626 $ 12,422
Gross Unrealized Loss    
Less than 12 Months (22) (56)
Debt securities issued by the U.S. Treasury    
Estimated Fair Value    
Less than 12 Months 7,319 6,315
Gross Unrealized Loss    
Less than 12 Months (11) (22)
Corporate debt securities    
Estimated Fair Value    
Less than 12 Months 3,539 5,291
Gross Unrealized Loss    
Less than 12 Months (9) (29)
Debt securities issued by U.S. government agencies    
Estimated Fair Value    
Less than 12 Months 768 816
Gross Unrealized Loss    
Less than 12 Months $ (2) $ (5)
v3.25.2
Cash Equivalents and Marketable Securities - Schedule of Amortized Cost and Estimated Fair Value of Cash Equivalents and Marketable Securities (Details)
$ in Millions
Jul. 27, 2025
USD ($)
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]  
Less than one year $ 22,521
Due in 1 - 5 years 30,783
Estimated Fair Value $ 53,304
v3.25.2
Fair Value of Non-marketable Equity Securities - Schedule of Carrying Value of Non-marketable Equity Securities (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Fair Value Disclosures [Abstract]        
Balance at beginning of period $ 3,240 $ 1,463 $ 3,387 $ 1,321
Net additions 299 294 948 421
Unrealized gains 267 77 330 92
Reclassification (5) 0 (848) 0
Impairments and unrealized losses (2) (15) (18) (15)
Balance at end of period $ 3,799 $ 1,819 $ 3,799 $ 1,819
v3.25.2
Fair Value of Non-marketable Equity Securities - Narrative (Details)
$ in Millions
3 Months Ended
Apr. 27, 2025
investment
Jul. 27, 2025
USD ($)
Jul. 28, 2024
USD ($)
Fair Value Disclosures [Abstract]      
Number of investments reclassified | investment 1    
Cumulative gross unrealized gains   $ 661 $ 362
Cumulative gross losses and impairments   $ 93 $ 60
v3.25.2
Amortizable Intangible Assets and Goodwill (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Jan. 26, 2025
Amortizable intangible assets components          
Gross Carrying Amount $ 3,527   $ 3,527   $ 3,349
Accumulated Amortization (2,772)   (2,772)   (2,542)
Net Carrying Amount 755   755   807
Amortization expense 84 $ 146 243 $ 289  
Amortization expense associated with intangible assets          
2026 (excluding the first half of fiscal year 2026) 160   160    
2027 300   300    
2028 145   145    
2029 46   46    
2030 11   11    
2031 and thereafter 93   93    
Net Carrying Amount 755   755   807
Increase in carrying amount of goodwill     567    
Acquisition-related intangible assets          
Amortizable intangible assets components          
Gross Carrying Amount 3,054   3,054   2,900
Accumulated Amortization (2,484)   (2,484)   (2,264)
Net Carrying Amount 570   570   636
Amortization expense associated with intangible assets          
Net Carrying Amount 570   570   636
Patents and licensed technology          
Amortizable intangible assets components          
Gross Carrying Amount 473   473   449
Accumulated Amortization (288)   (288)   (278)
Net Carrying Amount 185   185   171
Amortization expense associated with intangible assets          
Net Carrying Amount $ 185   $ 185   $ 171
v3.25.2
Balance Sheet Components - Narrative (Details) - USD ($)
$ in Billions
6 Months Ended 12 Months Ended
Jul. 27, 2025
Jan. 26, 2025
Supply Commitment [Line Items]    
Property, equipment and intangible assets acquired by assuming related liabilities $ 1.1  
Customer One | Accounts Receivable | Customer Concentration Risk    
Supply Commitment [Line Items]    
Concentration risk (as percent) 23.00% 17.00%
Customers Two | Accounts Receivable | Customer Concentration Risk    
Supply Commitment [Line Items]    
Concentration risk (as percent) 19.00% 16.00%
Customer Three | Accounts Receivable | Customer Concentration Risk    
Supply Commitment [Line Items]    
Concentration risk (as percent) 14.00%  
v3.25.2
Balance Sheet Components - Schedule of Inventory (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Jan. 26, 2025
Inventories          
Raw materials $ 1,843   $ 1,843   $ 3,408
Work in process 4,411   4,411   3,399
Finished goods 8,708   8,708   3,273
Total inventories 14,962   14,962   $ 10,080
Inventory [Line Items]          
Inventory reserve expense $ 886 $ 345 $ 3,200 $ 555  
v3.25.2
Balance Sheet Components - Schedule of Other Assets (Long Term) (Details) - USD ($)
$ in Millions
6 Months Ended
Jul. 27, 2025
Jan. 26, 2025
Supply Commitment [Line Items]    
Property, equipment and intangible assets acquired by assuming related liabilities $ 1,100  
Other Assets (Long Term):    
Non-marketable equity securities 3,799 $ 3,387
Prepaid supply and capacity agreements 1,776 1,747
Income tax receivable 1,042 750
Prepaid royalties 327 340
Other 272 201
Total other assets 7,216 6,425
Prepaid expenses and other current assets 2,658 3,771
Supply and Capacity Agreements    
Other Assets (Long Term):    
Prepaid expenses and other current assets $ 1,800 $ 3,300
v3.25.2
Balance Sheet Components - Schedule of Accrued and Other Current Liabilities (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Jan. 26, 2025
Accrued and Other Current Liabilities:          
Customer program accruals $ 4,705   $ 4,705   $ 4,880
Excess inventory purchase obligations 3,154   3,154   2,095
Product warranty and return provisions 2,245   2,245   1,373
Taxes payable 1,910   1,910   881
Accrued payroll and related expenses 1,227   1,227   848
Deferred revenue 980   980   837
Operating leases 301   301   288
Licenses and royalties 284   284   175
Unsettled share repurchases 185   185   132
Other 202   202   228
Total accrued and other current liabilities $ 15,193   $ 15,193   $ 11,737
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Total accrued and other current liabilities   Total accrued and other current liabilities   Total accrued and other current liabilities
Cost of revenue $ 12,890 $ 7,466 $ 30,284 $ 13,105  
Inventory Purchase Obligations in Excess of Projections          
Accrued and Other Current Liabilities:          
Cost of revenue 137 $ 563 3,100 $ 746  
Nature of Expense, Customer Advances          
Accrued and Other Current Liabilities:          
Deferred revenue $ 80   $ 80   $ 81
v3.25.2
Balance Sheet Components - Schedule of Other Long-term Liabilities (Details) - USD ($)
$ in Millions
Jul. 27, 2025
Jan. 26, 2025
Other Long-Term Liabilities:    
Income tax payable $ 3,081 $ 2,188
Deferred income tax 1,351 886
Deferred revenue 1,055 976
Licenses payable 325 116
Other 243 79
Total other long-term liabilities $ 6,055 $ 4,245
v3.25.2
Balance Sheet Components - Schedule of Changes in Deferred Revenue (Details) - USD ($)
$ in Millions
6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Change in Deferred Revenue    
Balance at beginning of period $ 1,813 $ 1,337
Deferred revenue additions 8,275 1,478
Revenue recognized (8,053) (1,094)
Balance at end of period 2,035 1,721
Deferred revenue additions 7,500 770
Revenue recognized $ 7,500 $ 664
v3.25.2
Balance Sheet Components - Revenue Remaining Performance Obligation (Details) - USD ($)
$ in Millions
6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue recognized that was previously included in deferred revenue $ 479 $ 323
Revenue related to remaining performance obligations 1,900  
Revenue related to remaining performance obligations - amount from deferred revenues 1,800  
Unbilled revenue $ 118  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-28    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, remaining performance obligation (as percent) 40.00%  
Expected performance period (in months) 12 months  
v3.25.2
Derivative Financial Instruments - Schedule of Notional Value of Our Foreign Currency Contracts Outstanding (Details) - Foreign currency forward contracts - USD ($)
$ in Millions
Jul. 27, 2025
Jan. 26, 2025
Designated as accounting hedges    
Derivative [Line Items]    
Notional values of derivative contracts $ 1,577 $ 1,424
Not designated as accounting hedges    
Derivative [Line Items]    
Notional values of derivative contracts $ 939 $ 1,297
v3.25.2
Derivative Financial Instruments - Narrative (Details)
6 Months Ended
Jul. 27, 2025
Foreign currency forward contracts  
Derivative [Line Items]  
Maximum maturity period (in months) 18 months
v3.25.2
Debt - Schedule of Long-term Debt (Details) - USD ($)
$ in Millions
6 Months Ended
Jul. 27, 2025
Jan. 26, 2025
Debt Instrument [Line Items]    
Unamortized debt discount and issuance costs $ (34) $ (37)
Net long-term carrying amount $ 8,466 $ 8,463
3.20% Notes Due 2026 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.20% 3.20%
Expected Remaining Term (years) 1 year 1 month 6 days  
Effective Interest Rate 3.31%  
Gross carrying amount $ 1,000 $ 1,000
1.55% Notes Due 2028 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 1.55% 1.55%
Expected Remaining Term (years) 2 years 10 months 24 days  
Effective Interest Rate 1.64%  
Gross carrying amount $ 1,250 $ 1,250
2.85% Notes Due 2030 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 2.85% 2.85%
Expected Remaining Term (years) 4 years 8 months 12 days  
Effective Interest Rate 2.93%  
Gross carrying amount $ 1,500 $ 1,500
2.00% Notes Due 2031 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 2.00% 2.00%
Expected Remaining Term (years) 5 years 10 months 24 days  
Effective Interest Rate 2.09%  
Gross carrying amount $ 1,250 $ 1,250
3.50% Notes Due 2040 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.50% 3.50%
Expected Remaining Term (years) 14 years 8 months 12 days  
Effective Interest Rate 3.54%  
Gross carrying amount $ 1,000 $ 1,000
3.50% Notes Due 2050 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.50% 3.50%
Expected Remaining Term (years) 24 years 8 months 12 days  
Effective Interest Rate 3.54%  
Gross carrying amount $ 2,000 $ 2,000
3.70% Notes Due 2060 | Notes Payable    
Debt Instrument [Line Items]    
Interest rate (as percent) 3.70% 3.70%
Expected Remaining Term (years) 34 years 8 months 12 days  
Effective Interest Rate 3.73%  
Gross carrying amount $ 500 $ 500
v3.25.2
Debt - Narrative (Details) - USD ($)
Jul. 27, 2025
Jan. 26, 2025
Debt Instrument [Line Items]    
Estimated fair value of long-term debt $ 7,400,000,000 $ 7,200,000,000
Commercial Paper Program | Commercial Paper    
Debt Instrument [Line Items]    
Current borrowing capacity 575,000,000  
Outstanding commercial paper $ 0 $ 0
v3.25.2
Commitments and Contingencies - Narrative (Details) - USD ($)
$ in Millions
Jul. 27, 2025
Apr. 27, 2025
Jan. 26, 2025
Jul. 28, 2024
Apr. 28, 2024
Jan. 28, 2024
Commitments and Contingencies Disclosure [Abstract]            
Product warranty liability accruals $ 2,144 $ 2,080 $ 1,290 $ 741 $ 532 $ 306
Accrued contingent liabilities $ 0          
v3.25.2
Commitments and Contingencies - Schedule of Future Purchase Commitments Due by Year (Details)
$ in Millions
Jul. 27, 2025
USD ($)
Fiscal Year:  
2026 (excluding the first half of fiscal year 2026) $ 30,930
2027 6,573
2028 3,915
2029 2,736
2030 1,402
2031 and thereafter 218
Total $ 45,774
v3.25.2
Commitments and Contingencies - Schedule of Product Warranty Liabilities (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]        
Balance at beginning of period $ 2,080 $ 532 $ 1,290 $ 306
Additions 220 237 1,090 471
Utilization (156) (28) (236) (36)
Balance at end of period $ 2,144 $ 741 $ 2,144 $ 741
v3.25.2
Shareholders' Equity (Details) - USD ($)
shares in Millions, $ in Millions
1 Months Ended 3 Months Ended 6 Months Ended
Aug. 26, 2025
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Subsequent Event [Line Items]          
Number of shares repurchased (in shares)   67 63 193 162
Shares repurchased   $ 9,658 $ 7,028 $ 24,161 $ 15,063
Authorized amounts under share repurchase program   14,700   14,700  
Dividends paid   $ 244 $ 246 $ 488 $ 344
Subsequent Event          
Subsequent Event [Line Items]          
Number of shares repurchased (in shares) 20        
Shares repurchased $ 3,500        
Additional authorization under the share repurchase program 60,000        
Authorization available for repurchase $ 71,200        
v3.25.2
Segment Information - Narrative (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
USD ($)
Jul. 28, 2024
USD ($)
Jul. 27, 2025
USD ($)
segment
Jul. 28, 2024
USD ($)
Segment Reporting Information [Line Items]        
Number of reportable segments | segment     2  
Number of operating segments | segment     2  
Depreciation and amortization     $ 1,280 $ 843
Non-US | Revenue | Customer Concentration Risk        
Segment Reporting Information [Line Items]        
Concentration risk (as percent) 50.00% 57.00% 51.00% 53.00%
Compute & Networking        
Segment Reporting Information [Line Items]        
Depreciation and amortization $ 383 $ 161 $ 684 $ 307
Graphics        
Segment Reporting Information [Line Items]        
Depreciation and amortization $ 148 $ 86 $ 252 $ 171
v3.25.2
Segment Information - Schedule of Segments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Segment Reporting Information [Line Items]        
Revenue $ 46,743 $ 30,040 $ 90,805 $ 56,084
Operating income (loss) 28,440 18,642 50,078 35,551
Operating Segments        
Segment Reporting Information [Line Items]        
Revenue 46,743 30,040 90,805 56,084
Other segment items 16,138 9,823 36,506 17,579
Operating income (loss) 30,605 20,217 54,299 38,505
Operating Segments | Compute & Networking        
Segment Reporting Information [Line Items]        
Revenue 41,331 26,446 80,920 49,121
Other segment items 12,968 7,598 30,503 13,225
Operating income (loss) 28,363 18,848 50,417 35,896
Operating Segments | Graphics        
Segment Reporting Information [Line Items]        
Revenue 5,412 3,594 9,885 6,963
Other segment items 3,170 2,225 6,003 4,354
Operating income (loss) $ 2,242 $ 1,369 $ 3,882 $ 2,609
v3.25.2
Segment Information - Schedule of Reconciling Items (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Segment Reporting Information [Line Items]        
Operating income (loss) $ 28,440 $ 18,642 $ 50,078 $ 35,551
Stock-based compensation expense (1,624) (1,154) (3,099) (2,164)
Interest income 592 444 1,108 803
Interest expense (62) (61) (124) (125)
Other income (expense), net 2,236 189 2,055 264
Income before income tax 31,206 19,214 53,117 36,493
Operating Segments        
Segment Reporting Information [Line Items]        
Operating income (loss) 30,605 20,217 54,299 38,505
All Other        
Segment Reporting Information [Line Items]        
Stock-based compensation expense (1,624) (1,154) (3,099) (2,164)
Unallocated cost of revenue and operating expenses (440) (280) (859) (508)
Acquisition-related and other costs (101) (141) (263) (282)
Interest income 592 444 1,108 803
Interest expense (62) (61) (124) (125)
Other income (expense), net $ 2,236 $ 189 $ 2,055 $ 264
v3.25.2
Segment Information - Schedule of Revenue by Geographic Regions (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Revenues        
Revenue $ 46,743 $ 30,040 $ 90,805 $ 56,084
United States        
Revenues        
Revenue 23,470 13,022 44,209 26,518
Singapore        
Revenues        
Revenue $ 10,156 5,622 $ 19,173 9,659
Singapore | Revenue | Geographic Concentration        
Revenues        
Concentration risk (as percent) 22.00%   21.00%  
Singapore | Revenue | Customer Concentration Risk | US based end customers | Controlled Data Center Compute Products        
Revenues        
Concentration risk (as percent) 99.00%   99.00%  
Taiwan        
Revenues        
Revenue $ 8,529 5,740 $ 15,687 10,113
China (including Hong Kong)        
Revenues        
Revenue 2,769 3,667 8,291 6,158
Other        
Revenues        
Revenue $ 1,819 $ 1,989 $ 3,445 $ 3,636
Non-US | Revenue | Customer Concentration Risk        
Revenues        
Concentration risk (as percent) 50.00% 57.00% 51.00% 53.00%
v3.25.2
Segment Information - Concentration Risk (Details) - Compute & Networking - Revenue - Customer Concentration Risk
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Customer A        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent) 23.00%   20.00%  
Customer B        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent) 16.00%   15.00%  
Customer 1        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)   14.00%    
Customer 2        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)   11.00%    
Customer 3        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)   11.00%    
Customer 4        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)   10.00%    
Customer 5        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)       14.00%
Customer 6        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)       10.00%
Customer 7        
Revenue, Major Customer [Line Items]        
Concentration risk (as percent)       10.00%
v3.25.2
Segment Information - Schedule of Revenue by Market (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Revenue from External Customer [Line Items]        
Revenue $ 46,743 $ 30,040 $ 90,805 $ 56,084
Data Center        
Revenue from External Customer [Line Items]        
Revenue 41,096 26,272 80,208 48,835
Compute        
Revenue from External Customer [Line Items]        
Revenue 33,844 22,604 67,999 41,996
Networking        
Revenue from External Customer [Line Items]        
Revenue 7,252 3,668 12,209 6,839
Gaming        
Revenue from External Customer [Line Items]        
Revenue 4,287 2,880 8,050 5,527
Professional Visualization        
Revenue from External Customer [Line Items]        
Revenue 601 454 1,110 881
Automotive        
Revenue from External Customer [Line Items]        
Revenue 586 346 1,153 675
OEM and Other        
Revenue from External Customer [Line Items]        
Revenue $ 173 $ 88 $ 284 $ 166
v3.25.2
Leases - Schedule of Future Minimum Lease Obligations (Details) - USD ($)
$ in Millions
Jul. 27, 2025
Jan. 26, 2025
Leases [Abstract]    
2026 (excluding the first half of fiscal year 2026) $ 174  
2027 418  
2028 397  
2029 353  
2030 277  
2031 and thereafter 925  
Total 2,544  
Less imputed interest 412  
Present value of net future minimum lease payments 2,132  
Less short-term operating lease liabilities 301 $ 288
Long-term operating lease liabilities $ 1,831 $ 1,519
v3.25.2
Leases - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Jul. 27, 2025
Jul. 28, 2024
Jan. 26, 2025
Lessee, Lease, Description [Line Items]          
Operating lease expense $ 109 $ 84 $ 210 $ 164  
Weighted average remaining lease term - operating leases (in years) 7 years 6 months   7 years 6 months   6 years 6 months
Weighted average discount rate - operating leases (percent) 4.35%   4.35%   4.16%
Leases Not yet Commenced          
Lessee, Lease, Description [Line Items]          
Operating lease, not yet commenced, amount $ 7,100   $ 7,100    
Minimum          
Lessee, Lease, Description [Line Items]          
Lease not yet commenced, term of contract (in years) 2 years   2 years    
Maximum          
Lessee, Lease, Description [Line Items]          
Lease not yet commenced, term of contract (in years) 15 years   15 years    
v3.25.2
Leases - Schedule of Other Lease Information (Details) - USD ($)
$ in Millions
6 Months Ended
Jul. 27, 2025
Jul. 28, 2024
Supplemental disclosure of cash flow information:    
Operating cash flow used for operating leases $ 200 $ 146
Operating lease assets obtained in exchange for lease obligations $ 458 $ 405