NVDA · 10-Q · 2026Q3 · Full report

Revenue Concentration Risk

NVIDIA CORP · 2026-08-26 · Importance 76 · Surprise 56

One direct customer represented 16% of second-quarter fiscal 2027 revenue, primarily within Compute & Networking. Three direct customers represented 16%, 15%, and 13% of first-half revenue, compared with two customers representing 23% and 16% in the prior-year quarter. Customers headquartered outside the United States accounted for 38% of quarterly revenue and 30% of first-half revenue, versus 30% and 35%, respectively, in the prior-year periods.

Key facts

• NVIDIA estimates that one AI research and deployment company contributed a meaningful amount of revenue by purchasing cloud services from NVIDIA's customers in the second quarter and first half of fiscal year 2027. source