NVDA · 10-K · 2026A · Full report
Capital Expenditures Program
NVIDIA CORP · 2026-02-25 · Importance 71 · Surprise 82
NVIDIA's capital expenditures were $6.1 billion in fiscal 2026 versus $3.4 billion in fiscal 2025, an increase of $2.7 billion (approximately 79% year-over-year). The company indicates it expects to increase capital expenditures in fiscal 2027 relative to FY2026 to support future growth. Capex in FY2026 supported datacenter infrastructure and broader AI ecosystem investments, aligned with product ramp and supply chain expansion objectives. The FY2026 capex increase is a material operational investment relative to prior years and linked to the company's expansion of manufacturing and datacenter-related capabilities.
Key facts
- Net cash used in investing activities was $(52,228) million in fiscal year 2026 compared to $(20,421) million in fiscal year 2025.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -15.4% | Net cash used in investing activities was $(52,228) million in fiscal year 2026 compared to $(20,421) million in fiscal year 2025. |