In NVIDIA's Form 10-Q for its fiscal quarter ended October 25, 2026, do the direct customers the filing lists at 10% or more of accounts receivable together account for more than 70% of accounts receivable?
Sum the percentages of the accounts receivable balance at October 25, 2026 that the 10-Q gives for each direct customer at 10% or more. The answer is yes if the sum is above 70%; no if it is 70% or below, or if the filing lists no such customer. Indirect customers and the shares of revenue 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 filing gives the concentration only as a combined figure, that figure decides.
a side
The loan is a bridge
Expects concentration to ease as more paying end customers spread purchasing across resellers rather than a few large buyers.
If yes
The seller funds its demand
Expects concentration to stay high, since a small set of financed neoclouds drives most of the receivable balance.
50%
NoYes
No position, no money. The crowd, the Call and the machines appear after you lock your number.
— You
— CallOct 13
— Machines3 models
— Readersshows from 5
The trail · since Oct 13
the Call 55, recorded Oct 13machines 3 runsreaders show from 5
The case · 18 people · 2 minutes
The loan is a bridge0 people argue nounsided13The seller funds its demand5 people argue yes
Steve raises the concern that Nvidia had an insane quarter yet seventy percent of its receivables come from five accounts, and that much of the food chain depends on the health of Anthropic and OpenAI.
Tae Kim worried about the sequence of information releases: had news of a slowdown in Anthropic's ARR growth from share losses to OpenAI come out before OpenAI's higher ARR figure, it could have spooked markets; now that the $70 billion number is…
Anthropic's expected ~$2 trillion IPO valuation is not justified by its numbers, given that it would need $1.2 trillion in annual revenue within 10 years (per Aswath Damodaran) to justify that valuation while the entire current AI products and…
Strongest against the CallHugh Vuillier · Oct 8
With Anthropic and OpenAI delaying their IPO dates, there are increasing signs that the public equity market is running out of marginal buyers.
What would change the Call
A new customer crossing the 10 percent of receivables threshold, or one dropping below it, would move the summed percentage.
The Call · Part 16 · The seller funds its demand
Nvidia's receivables ran 9% to 16% of sales above its own collection pace by July 26, 2026; five accounts owed 70% of them.
3 models ran this one. Their numbers and reasons appear after you lock yours.
The Part
The Seller Holds the Paper
Nvidia was owed 59.6 days of sales on July 26, 2026, against 45.4 in April, by DeepStack's arithmetic from its filings, and its guarantee table reached $108.5 billion from $3.5 billion, up to $105 billion of it signed in August for one Ohio campus and phased in from fiscal 2029. The buyers are real. Part of the money they pay with came from the seller.