NVIDIA CORP Fair Value Disclosure
| Year Ended | |||||||||||
| Jan 25, 2026 | Jan 26, 2025 | ||||||||||
| (In millions) | |||||||||||
| Balance at beginning of period | $ | 3,387 | $ | 1,321 | |||||||
| Adjustments related to non-marketable equity securities: | |||||||||||
| Net additions | 17,444 | 1,309 | |||||||||
| Unrealized gains | 2,369 | 816 | |||||||||
Reclassification (1) | (848) | — | |||||||||
| Impairments and unrealized losses | (101) | (59) | |||||||||
| Balance at end of period | $ | 22,251 | $ | 3,387 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Feb 25, 2026 | Showing above |
| 2025 | Feb 26, 2025 | |
| 2024 | Feb 21, 2024 | |
| 2023 | Feb 24, 2023 | |
| 2022 | Mar 18, 2022 | |
| 2021 | Feb 26, 2021 | |
| 2020 | Feb 20, 2020 | |
| 2019 | Feb 21, 2019 | |
| 2018 | Feb 28, 2018 | |
| 2017 | Mar 1, 2017 | |
| 2016 | Mar 17, 2016 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.