### @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. There are three things, okay? The filing estimates an unnamed AI research and deployment company buys indirectly through them, and geography fell to 22% non‑US revenue versus 42% a year ago. My sense is the revenue stays enormous while the customer list narrows.
- tier: Confirmed (✓)
- source: NVDA / Three customers, 54% - the number stated plainly
- receipt: https://ticker.thevixguy.com/p/p-day-20260811-nvda-src-nvda-concentration-rotation
- posted: 2026-08-11T16:18:11.078Z