By Louis Ashworth
Publication Date: 2025-11-20 08:59:00
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Nvidia beat, the planet is saved.
Away from the company’s spectacular revenue growth — you can sell the pickaxes and shovels before people find the gold — the company made an interesting presentational adjustment in its latest results.
Singapore has been a sore spot for Nvidia lately. The Lion City (state) grew to be the chipmaker’s second-biggest billing location last year:
In its full-year results, the company caveated the figures thusly:
Singapore represented 18% of fiscal year 2025 total revenue based upon customer billing location. Customers use Singapore to centralize invoicing while our products are almost always shipped elsewhere. Shipments to Singapore were less than 2% of fiscal year 2025 total revenue.
After its Q1 “Geographic Revenue based upon Customer Billing Location” results showed Singaporean billing had climbed further — to cover a fifth of all total revenues — the company offered some more details:
Singapore represented 20% of the first quarter of fiscal year 2026 total revenue based upon customer billing location. Customers use Singapore to centralize invoicing while our products are almost always shipped elsewhere. Over 99% of controlled Data Center compute revenue billed to Singapore was for orders from U.S.-based customers.
And after its…
