NVDA · 10-Q · 2026Q2 · Full report

Geographic Revenue Shift

NVIDIA CORP · 2026-05-20 · Importance 90 · Surprise 100

NVIDIA reported that no shipments of Data Center Hopper products to China occurred during the quarter, versus $4.6 billion of such shipments in the first quarter of fiscal 2026. The absence of Hopper shipments to China materially reduced prior-China revenue in the comparable period and reflects the impact of export controls and geographic restrictions on product flows. Management highlights the change in China shipments as a discrete, quantifiable shift in geographic revenue for the period. The $4.6 billion prior-quarter China Hopper shipments are directly material to revenue comparisons and geography concentration analysis.

Key facts

• Revenue from sales to customers headquartered outside of the United States accounted for 22% of total revenue for the first quarter of fiscal year 2027. source