NVDA · 10-K · 2026A · Full report
Capital Expenditure Outlook
NVIDIA CORP · 2026-02-25 · Importance 71 · Surprise 82
NVIDIA spent $6.1 billion and $3.4 billion on capital expenditures in fiscal years 2026 and 2025, respectively, representing a substantial year-over-year increase. The company expects to further increase capital expenditures in fiscal year 2027 to support future growth of its business and AI infrastructure roadmap. This capex ramp is tied to expanding datacenter support, compute and infrastructure investments, and is a driver of near-term cash used in investing activities.
Key facts
- NVIDIA expects to increase capital expenditures in fiscal year 2027 relative to fiscal year 2026 to support future growth of the business.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | — | NVIDIA expects to increase capital expenditures in fiscal year 2027 relative to fiscal year 2026 to support future growth of the business. |