{
  "schema_version":"1.0.0",
  "publisher":"AI Infra Credit",
  "reviewed_on":"2026-10-11",
  "financial_disclosure_date":"2026-08-26",
  "period_end":"2026-07-26",
  "unit":"USD billions",
  "status":"dated_disclosure_reconstruction_not_current_cash_forecast",
  "sources":[
    {"id":"Q2","url":"https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm","location":"Notes 8, 10 and 14; risk factors","filed_on":"2026-08-26"},
    {"id":"Q1","url":"https://www.sec.gov/Archives/edgar/data/1045810/000104581026000052/nvda-20260426.htm","location":"Notes 6, 10 and 14","period_end":"2026-04-26"},
    {"id":"PORTS","url":"https://www.sec.gov/Archives/edgar/data/1045810/000104581026000069/nvda-20260817.htm","location":"Items 1.01 and 2.03","event_date":"2026-08-17"}
  ],
  "schedule_columns":["FY2027_remainder","FY2028","FY2029","FY2030","FY2031","FY2032_and_thereafter"],
  "rows":[
    {"id":"supply","label":"Supply and capacity","block":"commitments","amount":279,"as_of":"2026-07-26","source":"Q2","financial_object":"direct_supply_and_capacity_commitment","displayed_schedule":["92","87","88","6","5","1"],"schedule_arithmetic":[92,87,88,6,5,1],"cash_mechanism":"Purchases and capacity commitments; certain pre-firm-order adjustments may be possible and may cost money","actual_cash_paid":null},
    {"id":"cloud_services","label":"Cloud service agreements","block":"commitments","amount":29,"as_of":"2026-07-26","source":"Q2","financial_object":"cloud_service_commitment","displayed_schedule":["3","8","7","6","4","1"],"schedule_arithmetic":[3,8,7,6,4,1],"cash_mechanism":"Infrastructure for NVIDIA research and development","actual_cash_paid":null},
    {"id":"own_leases","label":"Data center leases not commenced","block":"commitments","amount":25,"as_of":"2026-07-26","source":"Q2","financial_object":"uncommenced_lease_commitment","displayed_schedule":["—","1","1","2","1","20"],"schedule_arithmetic":[0,1,1,2,1,20],"cash_mechanism":"Direct leases expected to start as facilities become available; timing depends on construction","actual_cash_paid":null},
    {"id":"equity","label":"Equity investments","block":"commitments","amount":25,"as_of":"2026-07-26","source":"Q2","financial_object":"conditional_equity_investment_commitment","displayed_schedule":["18","3","2","2","—","—"],"schedule_arithmetic":[18,3,2,2,0,0],"cash_mechanism":"Investment commitments subject to contingencies; not a guarantee against someone else's default","actual_cash_paid":null},
    {"id":"capex","label":"Capital expenditures","block":"commitments","amount":8,"as_of":"2026-07-26","source":"Q2","financial_object":"equipment_and_infrastructure_commitment","displayed_schedule":["7","1","—","—","—","—"],"schedule_arithmetic":[7,1,0,0,0,0],"cash_mechanism":"Equipment and infrastructure for engineering and manufacturing operations","actual_cash_paid":null},
    {"id":"ai_cloud","label":"AI cloud agreements","block":"additional_commitments","amount":36,"as_of":"2026-07-26","source":"Q2","financial_object":"direct_capacity_service_commitment","displayed_schedule":["—","6","8","7","6","9"],"schedule_arithmetic":[0,6,8,7,6,9],"cash_mechanism":"Commitments decrease with third-party or NVIDIA use; conditional third-party revenue share is separate","cash_refund_established_by_commitment_reduction":false,"actual_cash_paid":null},
    {"id":"third_party_leases","label":"Data center leases not commenced for third party","block":"additional_commitments","amount":20,"as_of":"2026-07-26","source":"Q2","financial_object":"direct_uncommenced_lease_expected_to_be_reassigned","displayed_schedule":["—","—","1","1","1","17"],"schedule_arithmetic":[0,0,1,1,1,17],"cash_mechanism":"NVIDIA expects reassignment; intent does not establish landlord release","actual_reassignment_or_release_confirmed":false,"actual_cash_paid":null},
    {"id":"lps_guarantees","label":"Land power and shell guarantees for AI clouds","block":"guarantees","amount":3.5,"as_of":"2026-07-26","source":"Q2","financial_object":"maximum_gross_guarantee_exposure","displayed_schedule":null,"schedule_arithmetic":null,"cash_mechanism":"Partner default subject to the relevant guarantee terms","actual_cash_paid":null},
    {"id":"sb_energy","label":"SB Energy Corp guarantees","block":"guarantees","amount":105,"as_of":null,"agreement_month":"2026-08","source":"Q2","trigger_source":"PORTS","financial_object":"conditional_phased_guarantee_cap","displayed_schedule":null,"schedule_arithmetic":null,"cash_mechanism":"Phased lease commencement and readiness; specified tenant default and applicable remedies","included_as_august_subsequent_event":true,"actual_cash_paid":null,"peak_cash_call":null}
  ],
  "displayed_block_totals":{"commitments":366,"additional_commitments":56,"guarantees":108.5},
  "derived":{
    "cross_category_total":530.5,
    "scheduled_commitments_total":422,
    "scheduled_commitments_by_fiscal_bucket":[120,106,107,24,17,48],
    "through_fy2029_scheduled_commitments":333,
    "through_fy2029_percent_rounded_1dp":78.9,
    "meaning":"Arithmetic on rounded disclosure values, not actual cash, expected loss, or peak funding need"
  },
  "prior_period_comparison":{
    "source":"Q1",
    "supply_commitments":119,
    "supply_commitment_increase":160,
    "quoted_prior_headline":184,
    "quoted_headline_source":"https://newsletter.semianalysis.com/p/nvidias-backstop-universe-heads-i",
    "quoted_headline_source_date":"2026-09-11",
    "like_for_like_headline_bridge_complete":false,
    "like_for_like_aggregate_increase":null
  },
  "reading_rules":[
    "Source dashes are recorded as zero only for displayed-table arithmetic; they are not proof of exact zero future cash.",
    "Reported amounts are rounded. Do not interpret 78.9 percent as forecast precision.",
    "Guarantee ceilings have no fiscal-bucket payment allocation here; null schedules are not zeros.",
    "The cross-category total includes an August subsequent event; it is not all a July 26 balance.",
    "The schedule excludes guarantees but includes conditional or adjustable commitments.",
    "Null actual-cash and peak-call values mean not established, never zero.",
    "The ledger reconstructs selected Note 10 categories, not all NVIDIA obligations or a complete stress balance sheet."
  ]
}