Nvidia’s annual report, launched Wednesday, got here in leaner this yr.
The chipmaker axed or trimmed sections on local weather change and variety, fairness, and inclusion in contrast with final yr’s model.
A 2025 part titled “sustainability and governance,” which delved into clear power and emission commitments, was absent from Wednesday’s report. That report talked about sustainability, however within the context of Nvidia’s enterprise sustainability or adherence to sustainability-related legal guidelines.
The report printed final yr learn: “These points are necessary for our continued enterprise success and replicate the matters of highest concern to Nvidia and our stakeholders.”
Subsequent, a piece on human capital was considerably reduce. In 2025, the corporate included subheadings reminiscent of “Compensation, Advantages, and Properly-Being” and “Variety, Inclusion, and Belonging at Nvidia.” Neither part was included this yr, and the phrase range was not talked about.
DEI efforts had been summarized in a single line this yr: “We additionally make the most of worker listening programs to assemble suggestions and preserve an inclusive tradition the place hiring and promotions are primarily based on benefit.”
Final yr, President Donald Trump signed an executive order to finish range packages throughout the federal authorities and ordered all federal DEI staffers to be positioned on depart whereas their departments had been disbanded.
It was a transfer that made waves within the non-public sector as effectively. Tech corporations reminiscent of Microsoft, Meta, and Salesforce reduce DEI packages. Nevertheless, some corporations, together with Costco, have publicly defended their range initiatives.
Nvidia didn’t instantly reply to a request for remark from Enterprise Insider about this yr’s modifications.
China focus
At 93 pages, Nvidia’s newest annual report was about 40 pages shorter than final yr’s. Nonetheless, China bought extra airtime.
Moreover recapping the US authorities’s chip export restrictions on China, Nvidia wrote that beneath the present guidelines, it can’t ship a aggressive product for the Chinese language knowledge middle market. The corporate added that this allowed rivals to construct bigger buyer bases worldwide.
“Our misplaced alternative and the profit to our opponents could have a fabric and antagonistic affect on our enterprise, working outcomes, and monetary situation,” the report learn.
The corporate mentioned its estimates for the current quarter didn’t embrace any anticipated income from gross sales of data-center chips to China.
On Wednesday, Nvidia reported better-than-expected fiscal yr 2026 earnings, owing to robust AI knowledge middle demand. It reported $68.1 billion in income, a 73% year-over-year enhance, and about $43 billion in earnings, 94% greater than the identical time final yr.
The chipmaker’s inventory was up barely after hours.
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