NVIDIA Corporation

In fiscal year 2026, sovereign AI business more than tripled year-over-year and over $30 billion, driven by customers in Canada, France, the Netherlands, Singapore and the U.K.

Small amounts of H200 were approved for China-based customers but we have yet to generate any revenue, and guidance assumes no data center compute revenue from China.

Gaming revenue of $3.7 billion increased 47% year-on-year, but management expects supply constraints to be the headwind to Gaming in Q1 and beyond.

NVIDIA announced a partnership with Anthropic and a $10 billion investment in their company, while returning $41 billion or 43% of free cash flow to shareholders in fiscal 2026.