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Balance Sheet Components | 9 Months Ended
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Oct. 26, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance Sheet Components | Balance Sheet Components We refer to customers who purchase products directly from NVIDIA as direct customers, such as add-in board manufacturers, distributors, original device manufacturers, or ODMs, original equipment manufacturers, or OEMs, cloud service providers, or CSPs, hyperscale companies, and system integrators. Certain direct customers may use either internal resources or third-party system integrators to complete their build. Four direct customers accounted for 22%, 17%, 14% and 12% of our accounts receivable balance as of October 26, 2025. Two direct customers accounted for 17% and 16% of our accounts receivable balance as of January 26, 2025. Certain balance sheet components are as follows:
| Oct 26, 2025 |  | Jan 26, 2025
Inventories: | (In millions)
Raw materials | $ | 4,209 |  |  | $ | 3,408 |
Work in process | 8,735 |  |  | 3,399 |
Finished goods | 6,840 |  |  | 3,273 |
Total inventories (1) | $ | 19,784 |  |  | $ | 10,080 |
(1) We recorded inventory provisions of $378 million and $322 million for the third quarter of fiscal years 2026 and 2025, respectively, and $3.6 billion and $876 million for the first nine months of fiscal years 2026 and 2025, respectively, in cost of revenue. Property and Equipment: Property, equipment and intangible assets acquired but not paid for the first nine months of fiscal years 2026 and 2025 were $790 million and not significant, respectively.
| Oct 26, 2025 |  | Jan 26, 2025
Other Assets (Long Term): | (In millions)
Non-marketable equity securities | $ | 8,187 |  |  | $ | 3,387 |
Prepaid supply and capacity agreements (1) | 1,536 |  |  | 1,747 |
Income tax receivable | 1,369 |  |  | 750 |
Other | 632 |  |  | 541 |
Total other assets | $ | 11,724 |  |  | $ | 6,425 |
$2.0 billion and $3.3 billion were included in short-term Prepaid expenses and other current assets as of October 26, 2025 and January 26, 2025, respectively.
| Oct 26, 2025 |  | Jan 26, 2025
Accrued and Other Current Liabilities: | (In millions)
Customer program accruals | $ | 4,721 |  |  | $ | 4,880 |
Excess inventory purchase obligations (1) | 2,770 |  |  | 2,095 |
Product warranty | 2,707 |  |  | 1,290 |
Taxes payable | 2,915 |  |  | 881 |
Deferred revenue (2) | 1,248 |  |  | 837 |
Accrued payroll and related expenses | 895 |  |  | 848 |
Other | 1,196 |  |  | 906 |
Total accrued and other current liabilities | $ | 16,452 |  |  | $ | 11,737 |
(1) We recorded $32 million and $543 million for the third quarter of fiscal years 2026 and 2025, respectively, and $3.1 billion and $1.3 billion for the first nine months of fiscal years 2026 and 2025, respectively, in cost of revenue. (2) Includes customer advances and unearned revenue related to hardware and software support, cloud services, and license and development arrangements. The balance as of October 26, 2025 and January 26, 2025 included $127 million and $81 million of customer advances, respectively.
| Oct 26, 2025 |  | Jan 26, 2025
Other Long-Term Liabilities: | (In millions)
Income tax payable (1) | $ | 3,532 |  |  | $ | 2,188 |
Deferred income tax | 1,621 |  |  | 886 |
Deferred revenue (2) | 1,165 |  |  | 976 |
Other | 376 |  |  | 195 |
Total other long-term liabilities | $ | 6,694 |  |  | $ | 4,245 |
(1) Primarily comprised of unrecognized tax benefits and related interest and penalties. (2) Includes unearned revenue related to hardware and software support and cloud services. Deferred Revenue The following table shows the changes in short- and long-term deferred revenue during the first nine months of fiscal years 2026 and 2025:
| Nine Months Ended
| Oct 26, 2025 |  | Oct 27, 2024
| (In millions)
Balance at beginning of period | $ | 1,813 |  |  | $ | 1,337 |
Deferred revenue additions (1) | 9,785 |  |  | 2,115 |
Revenue recognized (2) | (9,185) |  |  | (1,867) |
Balance at end of period | $ | 2,413 |  |  | $ | 1,585 |
(1) Includes $8.4 billion and $1.1 billion of customer advances for the first nine months of fiscal years 2026 and 2025, respectively. (2) Includes $8.3 billion and $1.2 billion related to customer advances for the first nine months of fiscal years 2026 and 2025, respectively. We recognized revenue of $650 million and $585 million in the first nine months of fiscal years 2026 and 2025, respectively, that were included in the prior year end deferred revenue balance. As of October 26, 2025, revenue related to remaining performance obligations from contracts greater than one year in length was $2.5 billion, which includes $2.0 billion from deferred revenue and $449 million which has not yet been billed nor recognized as revenue. Approximately 40% of revenue from contracts greater than one year in length will be recognized over the next twelve months.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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