v3.25.1
Segment Information
 3 Months Ended
Apr. 27, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Our Chief Executive Officer is our chief operating decision maker, or CODM, and reviews financial information presented on an operating segment basis for purposes of making decisions and assessing financial performance. Our CODM assesses operating performance of each segment based on regularly provided segment revenue and segment operating income. Operating results by segment include costs or expenses directly attributable to each segment, and costs or
expenses that are leveraged across our unified architecture and therefore allocated between our two segments. Our CODM reviews expenses on a consolidated basis, and expenses attributable to each segment are not regularly provided to our CODM.
The Compute & Networking segment includes our Data Center accelerated computing platforms and artificial intelligence, or AI, solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms; and DGX Cloud computing services.
The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
The “All Other” category includes the expenses that are not allocated to either Compute & Networking or Graphics for purposes of making operating decisions or assessing financial performance. The expenses include stock-based compensation expense, corporate infrastructure and support costs, acquisition-related and other costs, and other non-recurring charges and benefits that our CODM deems to be enterprise in nature.

Our CODM does not review any information regarding total assets on a reportable segment basis. There are no intersegment transactions. The accounting policies for segment reporting are the same as for our consolidated financial statements. The table below presents details of our reportable segments and the “All Other” category.
 Compute & NetworkingGraphicsAll OtherConsolidated
 (In millions)
Three Months Ended Apr 27, 2025
    
Revenue$39,589 $4,473 $— $44,062 
Other segment items (1)17,535 2,833 
Operating income (loss)$22,054 $1,640 $(2,056)$21,638 
Three Months Ended Apr 28, 2024
    
Revenue$22,675 $3,369 $— $26,044 
Other segment items (1)5,628 2,128 
Operating income (loss)$17,047 $1,241 $(1,379)$16,909 
(1)    Other segment items for the Compute & Networking and Graphics reportable segments primarily include product costs and inventory provisions, compensation and benefits excluding stock-based compensation expense, compute and infrastructure expenses, and engineering development costs.
Depreciation and amortization expense attributable to our Compute and Networking segment for the first quarter of fiscal years 2026 and 2025 was $296 million and $146 million, respectively. Depreciation and amortization expense attributable to our Graphics segment for the first quarter of fiscal years 2026 and 2025 was $109 million and $86 million, respectively. Acquisition-related intangible amortization expense is not allocated to either Compute & Networking or Graphics for purposes of making operating decisions or assessing financial performance and is included in “All Other”.
Three Months Ended
Apr 27, 2025Apr 28, 2024
(In millions)
Reconciling items included in "All Other" category:
Stock-based compensation expense$(1,474)$(1,011)
Unallocated cost of revenue and operating expenses (419)(229)
Acquisition-related and other costs(160)(140)
Other(3)1 
Total$(2,056)$(1,379)
Revenue by geographic area is based upon the billing location of the customer. The end customer and shipping location may be different from our customer’s billing location.
 Three Months Ended
 Apr 27, 2025Apr 28, 2024
 (In millions)
Geographic Revenue based upon Customer Billing Location:
  
United States$20,739 $13,496 
Singapore (1)9,017 4,037 
Taiwan7,158 4,373 
China (including Hong Kong)5,522 2,491 
Other1,626 1,647 
Total revenue$44,062 $26,044 
(1)    Singapore represented 20% of the first quarter of fiscal year 2026 total revenue based upon customer billing location. Customers use Singapore to centralize invoicing while our products are almost always shipped elsewhere. Over 99% of controlled Data Center compute revenue billed to Singapore was for orders from U.S.-based customers. Controlled Data Center compute refers to the following NVIDIA products, and any others we develop that meet the characteristics of Export Control Classification Numbers 3A090.a or 4A090.a, including but not limited to: A100, A800, H100, H200, H800, B100, B200, GB200, L4, L40S, and RTX 6000 Ada.
Revenue from sales to customers outside of the United States accounted for 53% and 48% of total revenue for the first quarter of fiscal years 2026 and 2025, respectively.
We refer to customers who purchase products directly from NVIDIA as direct customers, such as add-in board manufacturers, distributors, ODMs, OEMs, and system integrators. We have certain customers that may purchase products directly from NVIDIA and may use either internal resources or third-party system integrators to complete their build. We also have indirect customers, who purchase products through our direct customers; indirect customers include cloud service providers, or CSPs, consumer internet companies, enterprises, and public sector entities.
Sales to one direct customer, Customer A, represented 16% of total revenue and sales to a second direct customer, Customer B, represented 14% of total revenue for the first quarter of fiscal year 2026, both of which were attributable to the Compute & Networking segment. Sales to two direct customers represented 11% and 13% of total revenue for the first quarter of fiscal year 2025, both of which were attributable to the Compute & Networking segment.
The following table summarizes revenue by specialized markets:
 Three Months Ended
 Apr 27, 2025Apr 28, 2024
 (In millions)
Revenue by End Market:  
Data Center$39,112 $22,563 
Compute34,155 19,392 
Networking4,957 3,171 
Gaming3,763 2,647 
Professional Visualization509 427 
Automotive567 329 
OEM and Other111 78 
Total revenue$44,062 $26,044