Nvidia is set to spend $26 billion on renting servers from cloud computing providers over the next six years.

As first reported by The Information, Nvidia’s 10-Q filing with the SEC reveals that, as of October 26, 2025, the company had made multi-year cloud service agreements for a total value of $26bn.

The filing states that “$1 billion, $6 billion, $6 billion, $5 billion, $4 billion, and $4 billion will be paid in fiscal years 2026 (fourth quarter), 2027, 2028, 2029, 2030, and 2031 & thereafter, respectively.”

Notably, many of the cloud providers with which these contracts have been made are large customers of Nvidia itself. Known examples include a $1.5bn deal with Lambda to lease Nvidia GPUs, and an agreement with CoreWeave.

The 10-Q filing notes that Nvidia’s direct customers include board manufacturers, distributors, original device manufacturers, original equipment manufacturers, cloud service providers, hyperscale companies, and system integrators. While it does not name specific customers or whether they are cloud providers, the company notes that four of its customers directly accounted for 22 percent, 17 percent, 14 percent, and 12 percent of Nvidia’s accounts receivable balance as of October 26, 2025.

Some of the agreements could be “reduced, terminated, or sold to others by the CSPs,” which would reduce Nvidia’s commitments. The agreements are hoped to help Nvidia with its “research and development efforts and DGX Cloud offerings.”

Despite this, Nvidia was previously reported to be taking a step back from its DGX Cloud offering, which would position it as a direct competitor to some of its largest customers. However, this was disputed by Nvidia’s DGX Cloud head Alexis Black Bjorlin, who said at the time: “DGX Cloud is fully utilized and oversubscribed, and we are expanding its scale.”

The company launched the Nvidia DGX Cloud “Lepton” in May 2025, which acts as a marketplace for other providers to sell their capacity.

In the most recent quarter, Nvidia’s revenue rose 62 percent YoY to $57bn. During the earnings call, CEO Jensen Huang said: “Blackwell sales are off the charts, and cloud GPUs are sold out.”

https://www.datacenterdynamics.com/en/news/nvidia-to-spend-26bn-on-cloud-computing-capacity-over-six-years/