Company file
NVIDIA
The clearest disclosed example of a fabless balance sheet carrying large manufacturing commitments alongside comparatively modest owned PP&E.
High evidence coverage. Manufacturing, cloud, investment, and facility-guarantee exposures must remain separate.
Structured snapshot
Reported exposure
Manufacturing, supply, and capacity commitments
Payable during remainder of fiscal 2027
FY2026 purchases of property, equipment and intangibles
Ending commitment stock ÷ annual revenue
Evidence. Verified records · Grade A · S01 · S02 · last verified 2026-07-12 UTC dataset.
Comparability. Latest commitment balance is one quarter after revenue, CapEx, and PP&E periods. Separate commitment categories must not be added to manufacturing as a single fab total.
Governed evidence
Claims in the registry
NVIDIA disclosed $119 billion of manufacturing, supply, and capacity commitments at April 26, 2026.
Caveat. Keep separate from cloud, investment, and other vendor commitments.
Open source
Of NVIDIA’s $119 billion manufacturing, supply, and capacity commitments, $95 billion was payable during the remainder of fiscal 2027.
Caveat. Use the filing’s fiscal-period wording.
Open source
NVIDIA reported $10.383 billion of PP&E at January 25, 2026.
Caveat. Period differs by one quarter from the $119B commitment balance.
Open source
NVIDIA spent about $6.042 billion on property, equipment, and intangible assets in fiscal 2026.
Caveat. Label the exact cash-flow line rather than implying all spending was fab-related.
Open source
NVIDIA reported $25.797 billion of inventory at April 26, 2026.
Caveat. Current point-in-time value.
Open source
NVIDIA reported a $3.121 billion liability for excess inventory purchase obligations at April 26, 2026.
Caveat. Use exact filing definition.
Open source
NVIDIA recorded a $4.5 billion fiscal 2026 charge associated with excess H20 inventory and purchase obligations after export restrictions.
Caveat. Do not repeat the earlier $5.5B estimate as the actual charge.
Open source
NVIDIA reported $7.2 billion of provisions for inventory and excess purchase obligations in fiscal 2026.
Caveat. Annual figure, not solely H20.
Open source
NVIDIA disclosed approximately $3.5 billion of partner-facility lease guarantees in exchange for warrants.
Caveat. Not a wafer-fab commitment.
Open source
NVIDIA’s April 2026 filing separately disclosed $30 billion of cloud-service commitments.
Caveat. Keep separate from semiconductor manufacturing.
Open source
NVIDIA’s April 2026 filing separately disclosed $27 billion of investment commitments.
Caveat. Keep separate from semiconductor manufacturing.
Open source
NVIDIA agreed to purchase up to $6.3 billion of unsold CoreWeave cloud capacity through 2032.
Registry exception. The supplied registry labels this claim Corroborated but provides one source. Independent corroboration remains pending; the original state is preserved rather than silently rewritten.
Caveat. Cloud capacity, not fab capacity.
Open source
Capacity-control audit
Ten factors, deliberately not scored.
The supplied pack contains no canonical company scores. Each factor remains “not rated” until an evidence record and scoring rationale are published.
- Owned critical capacityNot rated
- Contract duration and firmnessNot rated
- Supplier diversificationNot rated
- Second-source readinessNot rated
- Packaging and memory controlNot rated
- Geographic resilienceNot rated
- Customer matchingNot rated
- Downside absorptionNot rated
- Process or product co-optimizationNot rated
- Disclosure qualityNot rated