Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

NVIDIA Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Jan 25, 2026	Oct 26, 2025	Jul 27, 2025	Apr 27, 2025	Jan 26, 2025	Oct 27, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020	Apr 26, 2020
Cash and cash equivalents	10,605)	11,486)	11,639)	15,234)	8,589)	9,107)	8,563)	7,587)	7,280)	5,519)	5,783)	5,079)	3,389)	2,800)	3,013)	3,887)	1,990)	1,288)	5,628)	978)	847)	2,251)	3,274)	15,494)
Marketable securities	51,951)	49,122)	45,152)	38,457)	34,621)	29,380)	26,237)	23,851)	18,704)	12,762)	10,240)	10,241)	9,907)	10,343)	14,024)	16,451)	19,218)	18,010)	14,026)	11,689)	10,714)	7,888)	7,707)	860)
Accounts receivable, net	38,466)	33,391)	27,808)	22,132)	23,065)	17,693)	14,132)	12,365)	9,999)	8,309)	7,066)	4,080)	3,827)	4,908)	5,317)	5,438)	4,650)	3,954)	3,586)	3,024)	2,429)	2,546)	2,084)	1,907)
Inventories	21,403)	19,784)	14,962)	11,333)	10,080)	7,654)	6,675)	5,864)	5,282)	4,779)	4,319)	4,611)	5,159)	4,454)	3,889)	3,163)	2,605)	2,233)	2,114)	1,992)	1,826)	1,495)	1,401)	1,128)
Prepaid expenses and other current assets	3,180)	2,709)	2,658)	2,779)	3,771)	3,806)	4,026)	4,062)	3,080)	1,289)	1,389)	872)	791)	718)	1,175)	636)	366)	321)	452)	444)	239)	213)	215)	195)
Current assets	125,605)	116,492)	102,219)	89,935)	80,126)	67,640)	59,633)	53,729)	44,345)	32,658)	28,797)	24,883)	23,073)	23,223)	27,418)	29,575)	28,829)	25,806)	25,806)	18,127)	16,055)	14,393)	14,681)	19,584)
Property and equipment, net	10,383)	9,780)	9,141)	7,136)	6,283)	5,343)	4,885)	4,006)	3,914)	3,844)	3,799)	3,740)	3,807)	3,774)	3,233)	2,916)	2,778)	2,509)	2,364)	2,268)	2,149)	2,059)	1,964)	1,715)
Operating lease assets	2,867)	2,281)	2,084)	1,810)	1,793)	1,755)	1,556)	1,532)	1,346)	1,316)	1,235)	1,094)	1,038)	927)	852)	856)	829)	830)	801)	727)	707)	681)	701)	595)
Goodwill	20,832)	6,261)	5,755)	5,498)	5,188)	4,724)	4,622)	4,453)	4,430)	4,430)	4,430)	4,430)	4,372)	4,372)	4,372)	4,365)	4,349)	4,302)	4,193)	4,193)	4,193)	4,193)	4,193)	628)
Intangible assets, net	3,306)	936)	755)	769)	807)	838)	952)	986)	1,112)	1,251)	1,395)	1,541)	1,676)	1,850)	2,036)	2,211)	2,339)	2,454)	2,478)	2,613)	2,737)	2,861)	2,854)	80)
Deferred income tax assets	13,258)	13,674)	13,570)	13,318)	10,979)	10,276)	9,578)	7,798)	6,081)	5,982)	5,398)	4,568)	3,396)	2,762)	2,225)	1,784)	1,222)	970)	958)	778)	806)	666)	630)	533)
Other assets	30,552)	11,724)	7,216)	6,788)	6,425)	5,437)	4,001)	4,568)	4,500)	4,667)	4,501)	4,204)	3,820)	3,580)	3,340)	3,505)	3,841)	3,761)	2,050)	2,090)	2,144)	2,028)	157)	119)
Long-term assets	81,198)	44,656)	38,521)	35,319)	31,475)	28,373)	25,594)	23,343)	21,383)	21,490)	20,758)	19,577)	18,109)	17,265)	16,058)	15,637)	15,358)	14,826)	12,844)	12,669)	12,736)	12,488)	10,499)	3,670)
Total assets	206,803)	161,148)	140,740)	125,254)	111,601)	96,013)	85,227)	77,072)	65,728)	54,148)	49,555)	44,460)	41,182)	40,488)	43,476)	45,212)	44,187)	40,632)	38,650)	30,796)	28,791)	26,881)	25,180)	23,254)

Over the observed period, the company’s asset base demonstrated significant growth and compositional shifts. Initially, current assets represented a substantial portion of the total, but their relative importance decreased as long-term assets increased dramatically, particularly in the later periods. A notable increase in several asset categories contributed to this overall expansion.

Cash and Cash Equivalents: Cash and cash equivalents experienced considerable volatility. Beginning at approximately US$15.5 billion, the balance decreased substantially before fluctuating and generally trending upwards to reach approximately US$15.2 billion in later periods. This suggests active cash management, potentially related to investment activities or strategic acquisitions.
Marketable Securities: Marketable securities exhibited a strong upward trend throughout the period. Starting at US$0.9 billion, the balance increased to over US$51.9 billion, indicating a significant shift towards liquid investments. This growth likely reflects the company’s increasing cash reserves and a strategy to deploy capital in readily accessible financial instruments.
Accounts Receivable, Net: Accounts receivable demonstrated a consistent upward trend, increasing from approximately US$1.9 billion to US$38.5 billion. This growth suggests increasing sales and potentially evolving credit terms. The rate of increase accelerated in later periods, indicating a potentially more aggressive sales strategy or changes in customer payment behavior.
Inventories: Inventories also showed a consistent upward trend, albeit at a slower pace than accounts receivable. Increasing from US$1.1 billion to approximately US$19.8 billion, this suggests growing production levels or a deliberate build-up of stock. The increase was particularly pronounced in the most recent periods.
Current Assets: Total current assets initially decreased before experiencing substantial growth, peaking at approximately US$80.1 billion. The composition of current assets shifted, with marketable securities and accounts receivable becoming increasingly dominant. This indicates a transition from holding primarily cash to investing in securities and extending credit to customers.
Long-Term Assets: Long-term assets experienced the most dramatic growth, increasing from US$3.7 billion to over US$206.8 billion. This growth was primarily driven by significant increases in goodwill, intangible assets, and deferred income tax assets. The substantial increase in goodwill suggests potential acquisitions or internal development of valuable intangible assets. Deferred income tax assets also increased significantly, potentially reflecting tax planning strategies.
Goodwill: Goodwill increased substantially, particularly in the later periods, rising from US$0.6 billion to US$20.8 billion. This suggests significant acquisitions or internal investments in intangible assets that have not been fully amortized. The large increase in the most recent period is particularly noteworthy.
Total Assets: Total assets increased significantly over the period, from US$23.3 billion to US$206.8 billion. This growth was driven by both current and long-term asset increases, with long-term assets contributing the most substantial portion of the expansion. The overall trend indicates a period of rapid growth and strategic investment.

In summary, the asset composition shifted from a cash-heavy balance to one increasingly reliant on marketable securities, accounts receivable, inventories, and, most notably, long-term assets including goodwill and intangible assets. This suggests a transition from a conservative financial position to one focused on growth, investment, and potential acquisitions.

NVIDIA Corp. (NASDAQ:NVDA)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

NVIDIA Corp. (NASDAQ:NVDA)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data