Nvidia’s Taiwan-Billed Revenue Triples Year Over Year, Now 28% of Quarterly Sales

A growing share of Nvidia‘s (NASDAQ:NVDA) business is being billed to customers headquartered in Taiwan, according to the company’s latest quarterly filing, a notable shift for a company whose chip sales are often associated with large US cloud providers and AI labs.

For the fiscal second quarter of 2027, the period ended July 26, Nvidia recorded $27.0 billion in revenue from customers based in Taiwan — 28% of the quarter’s $96.2 billion in total revenue. A year earlier, that figure stood at $8.9 billion, or roughly 19% of revenue, while in the prior quarter it was about $12 billion, or approximately 15%.

The trajectory is striking: Taiwan-billed revenue tripled year over year and more than doubled sequentially, outpacing the company’s overall growth pace over the same periods.

Why the billing location matters

Revenue billed by customer headquarters doesn’t necessarily reflect where chips end up being deployed. Taiwan is home to major electronics manufacturing and assembly operations, and systems built there are frequently shipped onward to data centers and enterprises around the world. Still, the rapid rise in the line item underscores the island’s central role in the AI hardware supply chain — both as a manufacturing hub and as a growing point of concentration in Nvidia’s customer billing.

Geographic revenue concentration is a common disclosure investors monitor in semiconductor filings, since it can reflect shifts in where systems are integrated and how demand is flowing through the supply chain. Nvidia operates globally, including across the United States, Taiwan, China, Hong Kong, and Europe.

Shares of Nvidia were recently trading at $223.67, down 0.73% from the prior close of $225.31, valuing the company at approximately $5.56 trillion.

What to watch

• Nvidia’s next quarterly filing, to see whether the Taiwan-billed revenue line continues to climb as a share of total sales.
• Upcoming earnings guidance from Nvidia and major hardware partners for signals on AI infrastructure demand.
• Further disclosure on customer and geographic concentration in the company’s 10-Q and 10-K filings.

Source: original release.