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Hyperscalers & cloud · Part 11 · settles Nov 18 · 26 days

Will NVIDIA's days sales outstanding for the quarter ended October 25, 2026 be 51.1 days or more?

How it settles

Yes if accounts receivable net divided by revenue times 91 days, from NVIDIA's 10-Q for the quarter ended October 25, 2026, is 51.1 or more. SEC EDGAR, NVIDIA Form 10-Q for the quarter ended October 25, 2026 (balance sheet and statement of income), CIK 0001045810

The exact question and the full rule

In NVIDIA's Form 10-Q for its fiscal quarter ended October 25, 2026, is accounts receivable, net at quarter end, divided by the quarter's revenue and multiplied by 91, at or above 51.1 days?

DeepStack computes days sales outstanding from two figures the 10-Q prints: accounts receivable, net on the condensed consolidated balance sheet at October 25, 2026, and revenue on the condensed consolidated statement of income for the three months then ended, times the 91 days of the quarter, rounded to one decimal. The answer is yes if the figure is 51.1 days or more; no if it is below 51.1. The line is the average of the four quarters before the quarter ended July 26, 2026, computed the same way: 54.1 (July 27, 2025), 53.3 (October 26, 2025), 51.4 (January 25, 2026) and 45.4 (April 26, 2026); the quarter ended July 26, 2026 gave 59.6. The payment terms the filing describes are read alongside and do not decide the test.

If the source is late or silent: If the 10-Q is not public on EDGAR by December 15, 2026, the test is inconclusive, and the Result says what was read and what was missing; the next reading is December 31, 2026. If the period the 10-Q covers is not 91 days, the rule uses the number of days its period dates give. Figures are read as first filed; a later amendment does not reopen the test.

a side

Funded, not forecast

Demand is contracted, prepaid or oversubscribed, so collections should stay fast and days sales outstanding should stay low.

If yes

Shipping is not earning

Shipped revenue still must clear cash collection, so a rising days sales outstanding figure is read as a sign shipping outran payment.

50%
NoYes

No position, no money. The crowd, the Call and the machines appear after you lock your number.

The case · 19 people · 2 minutes
Funded, not forecast0 people argue nounsided13Shipping is not earning6 people argue yes
Stronger if yes · 6 people

Shipping is not earning

Multibagger IdeasSep 28 · 2 claims

Management expects 40% to 50% of backlog to convert to revenue in Q3 alone, roughly $57M to $71M, and Multibagger Ideas views this conversion as making it achievable for the second half to deliver more than $12.7M of net income to common needed to…

A side · 7 people

Funded, not forecast

Tae KimOct 2 · 2 claims

Tae Kim believes that if OpenAI were public, its stock would have gapped up 30% or more on hitting $70 billion in ARR, a blowout versus expectations on the level of Nvidia in May 2023, and that the figure proves his August report that OpenAI's ARR…

A side · 6 people

A backlog is a promise

Mia SilverioSep 28 · 2 claims

SB's backlog isn't 100% guaranteed revenue, because most of its contracts have completion time clauses letting the customer exit the agreement or get a discount if a project is delayed by more than a year.

Strongest against the CallMichael Burry · Sep 24

Meta's data center JV structure shows that the parties closest to the assets do not believe the value will hold: lenders would not bear residual value risk without protection, so Meta issued a residual value guarantee of up to $28 billion on…

What would change the Call
  • Accounts receivable net and revenue from NVIDIA's 10-Q, combined into days sales outstanding, decide whether it reaches 51.1 days.
The Call · Part 11 · Shipping is not earning

The orders will ship. The profit comes later, and a margin that lags the ramp will be reported as a demand miss.

Open the dossierThe thesis
The dossier · 5 minutes
The machines' reasons

3 models ran this one. Their numbers and reasons appear after you lock yours.

The Part

The Backlog Is Not the Quarter

Ciena carries a $10 billion order book, Microsoft's far backlog grew three times as fast as its near one, and Nvidia now waits a year to be paid. The orders will ship. DeepStack expects the profit to arrive later, and the third-quarter reports to show the gap.

Chart: Convert the backlog · Data Desk

Read the PartAll 5 questions