NVDA · 10-Q · 2026Q2 · Full report

Product Launch and Transition

NVIDIA CORP · 2026-05-20 · Importance 40 · Surprise 42

NVIDIA expects its Rubin platform to start shipping in the second half of fiscal year 2027, while Blackwell architectures continue to account for the majority of system shipments. Management highlights the complexity of bringing up new architectures and sophisticated system configurations, which has caused and may cause production delays, yield issues, inventory provisions and higher warranty costs. The company warns that customers may postpone adopting new architectures or transition more gradually, which can affect revenue timing and supply chain expenses. Rubin introduction risk is explicitly tied to potential revenue volatility and increased costs.

Key facts

• NVIDIA expects its Rubin platform to start shipping in the second half of fiscal year 2027. source
• The Rubin platform bring-up complexity may cause delays in production and could result in revenue volatility, quality issues, increased inventory provisions, decreases in product yields and higher material costs, and/or increased warranty costs. source
• Blackwell continued to account for the majority of NVIDIA's system shipments in the first quarter. source