### @NVDA — Confirmed — from the Q1 FY2027 quarterly filing's concentration disclosures
Three direct customers represented 21%, 17%, and 16% of total revenue in the April 2026 quarter – 54% combined – versus two customers at 16% and 14% (30% combined) a year earlier. The filing estimates that one unnamed “AI research and deployment company” contributed a meaningful amount of revenue indirectly, widely assumed to be a major AI lab, and notes that only 22% of revenue came from customers headquartered outside the United States, down from 42% a year earlier.
- tier: Confirmed (✓)
- source: NVDA / Three customers, 54% - the number stated plainly
- receipt: https://ticker.thevixguy.com/p/p-day-20260731-nvda-src-nvda-concentration-rotation
- posted: 2026-07-31T12:40:19.909Z