| Stage | NVDA | % of rev | MSFT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $96.2B | 100.00% | $92.3B | 100.00% | NVDA ×1.04 |
| Gross profit | $72.1B | 74.98% | $62.6B | 67.79% | NVDA +7.2pp |
| Operating income | $63.7B | 66.24% | $45.9B | 49.76% | NVDA +16.5pp |
| Pre-tax income | $71.5B | 74.32% | $46.0B | 49.80% | NVDA +24.5pp |
| Net income | $59.7B | 62.03% | $36.6B | 39.69% | NVDA +22.3pp |
| Stage | NVDA | MSFT | Gap · A − B |
|---|---|---|---|
| Revenue | $96.2B100.00% | $92.3B100.00% | NVDA ×1.04 |
| Gross profit | 74.98%$72.1B | 67.79%$62.6B | NVDA +7.2pp |
| Operating income | 66.24%$63.7B | 49.76%$45.9B | NVDA +16.5pp |
| Pre-tax income | 74.32%$71.5B | 49.80%$46.0B | NVDA +24.5pp |
| Net income | 62.03%$59.7B | 39.69%$36.6B | NVDA +22.3pp |
NVDA · HPQ 10-KDec 10 '25
“We also rely on Intel, AMD, and NVIDIA, or other suppliers to provide us with a sufficient supply of processors for the majority of our PCs and workstations.”
MSFT · HPQ 10-KDec 10 '25
“Many of our products and services, including those which incorporate AI capabilities, are dependent on third-party software, including from Microsoft and Google, to function as intended, and product issues also sometimes result from the interaction between our products and software and third-party products and software.”
NVDA · NBIS 20-FApr 30 '26
“Our GPU-based servers include NVIDIA GB300 NVL72, GB200 NVL72, HGX B200, HGX B300, HGX H100 and RTX PRO 6000.”
MSFT · NBIS 20-FApr 30 '26
“In 2025 and early 2026, we secured significant long-term committed contracts with two large hyperscalers, Microsoft and Meta.”
NVDA · CRWV 10-KMar 2 '26
“For example, as a result of our obligations in our current customer contracts, all of the GPUs used in our infrastructure today are NVIDIA GPUs.”
MSFT · CRWV 10-KMar 2 '26
“We recognized an aggregate of approximately 67% of our revenue from our top customer, Microsoft, for the year ended December 31, 2025.”
NVDA · TDC 10-KFeb 27 '26
“In addition, we buy servers from Dell Technologies Inc., storage disk systems from NetApp, Inc., and graphics processing units ("GPU") from NVIDIA.”
MSFT · TDC 10-KFeb 27 '26
“As part of our strategy, our relationships with public cloud service providers, Amazon Web Services ("AWS"), Google Cloud, and Microsoft Azure , could impact our business.”
NVDA · INGM 10-KMar 3 '26
“Our vendors include many of the largest tech companies, including Advanced Micro Devices, Apple, Amazon Web Services (AWS), Cisco, Dell Technologies, Hewlett Packard Enterprise, HP Inc., Lenovo, Microsoft, NVIDIA and Super Micro Computer.”
MSFT · INGM 10-KMar 3 '26
“Our vendors include many of the largest tech companies, including Advanced Micro Devices, Apple, Amazon Web Services (AWS), Cisco, Dell Technologies, Hewlett Packard Enterprise, HP Inc., Lenovo, Microsoft, NVIDIA and Super Micro Computer.”
NVDA · BRR 10-KFeb 18 '26
“The global supply of these resources is constrained, and we depend on a limited number of suppliers, most notably NVIDIA Corporation, for critical hardware components.”
MSFT · BRR 10-KFeb 18 '26
“also rely on cloud infrastructure providers, including Amazon Web Services, Microsoft Azure, and Google Cloud Platform, for a significant”
NVDA · IREN 10-KAug 27 '26
“In addition, in May 2026 we entered into a five-year cloud services contract with NVIDIA to support its internal AI and research workloads representing approximately $3.4 billion of total contract value.”
MSFT · IREN 10-KAug 27 '26
“For example, we announced a five-year agreement with Microsoft in November 2025, which includes GPU acquisitions and the development of the "Horizon 1," "Horizon 2," "Horizon 3" and "Horizon 4" data center facilities representing approximately $9.7 billion of total contract value.”
NVDA · CHRN 10-KAug 19 '26
“We currently rely on one major supplier, Nvidia, for the GPU chips we offer, and plan to rely on another major supplier, AMD.”
MSFT · CHRN 10-KAug 19 '26
“Microsoft Strategic Partnership On August 6, 2026, we entered into a two-year strategic partnership with Microsoft to support the planned deployment of approximately 50 megawatts of AI compute capacity.”