{
  "url": "https://struct.news/briefs/nvidias-ai-boom-coincides-with-wider-margins-while-receivables-outrun-sales",
  "title": "Nvidia’s AI boom coincides with wider margins while receivables outrun sales",
  "summary": "Accounts receivable jumped 126.8% to $63.1 billion in six months, faster than Nvidia’s already explosive revenue growth.",
  "published_at": "2026-08-27T06:41:25.322551+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "NVIDIA Corporation",
    "ticker": "NVDA",
    "cik": "1045810",
    "sector": "Technology",
    "industry": "Semiconductors"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-26",
    "accession": "0001045810-26-000075",
    "url": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-27",
    "url": "https://www.sec.gov/Archives/edgar/data/1045810/000104581025000209/nvda-20250727.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 215938000000,
      "display": "$215.9B",
      "unit": "usd",
      "period": "2026-01-25",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001045810-26-000075",
        "filing_date": "2026-08-26"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 65.47353579009479,
      "display": "+65.5%",
      "unit": "percent",
      "period": "2026-01-25",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001045810-26-000075",
        "filing_date": "2026-08-26"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 60.38168363141272,
      "display": "+60.4%",
      "unit": "percent",
      "period": "2026-01-25",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001045810-26-000075",
        "filing_date": "2026-08-26"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Accounts receivable grew faster than revenue, with Nvidia citing extended payment terms on large multi-quarter agreements.",
      "importance": "medium",
      "evidence": "Cash provided by operating activities increased in the first half of fiscal year 2027 compared to the first half of fiscal year 2026 due to higher revenue, partially offset by an increase in accounts receivable due to extended payment terms on large multi-quarter agreements with certain investment-grade customers.",
      "source_date": "2026-08-26"
    },
    {
      "type": "working_capital",
      "statement": "Inventory grew faster than revenue and inventory intensity increased during the comparable six-month periods.",
      "importance": "medium",
      "evidence": "Inventory built faster than revenue: Inventory growth exceeded revenue growth and inventory intensity increased.",
      "source_date": "2026-08-26"
    },
    {
      "type": "product_pipeline",
      "statement": "R&D growth was primarily driven by a sharp increase in compute infrastructure and higher compensation as Nvidia added employees.",
      "importance": "medium",
      "evidence": "The increases in research and development expenses for the second quarter and first half of fiscal year 2027 were primarily driven by a 127% and 120% increase in compute infrastructure, respectively, and a 30% increase in each fiscal year 2027 period in compensation and benefits, including stock-based compensation, reflecting employee growth and compensation increases.",
      "source_date": "2026-08-26"
    },
    {
      "type": "tax",
      "statement": "Nvidia's effective tax rate benefits from foreign-derived income, lower-tax jurisdictions, stock compensation, and the research tax credit, though the benefit mix changed.",
      "importance": "medium",
      "evidence": "The effective tax rate increased primarily due to a lower percentage of tax benefits from stock-based compensation, foreign-derived deduction eligible income, and the U.S. federal research tax credit relative to the increase in income before income tax.",
      "source_date": "2026-08-26"
    }
  ],
  "related_tickers": [
    "NVDA"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}