Nvidia Corporation has released a significantly shorter annual report for the fiscal year 2026, which notably reduces or removes sections on climate change and diversity, equity, and inclusion (DEI) that were prominent in the previous year's filing. The 93-page document, published on Wednesday, is approximately 40 pages leaner than its predecessor.
The chipmaker reported record-breaking financial results, with revenue reaching $68.1 billion—a 73% year-over-year increase—and profits of about $43 billion, marking a 94% rise. This performance was driven by surging demand for its artificial intelligence data centre chips.
Sustainability and DEI Sections Scaled Back
A dedicated section titled "sustainability and governance," which in the 2025 report detailed clean energy and emission commitments, is absent from the new filing. While the term "sustainability" is mentioned, it is now used primarily in the context of business longevity or compliance with relevant laws.
The human capital section has also been substantially cut. Subheadings such as "Compensation, Benefits, and Well-Being" and "Diversity, Inclusion, and Belonging at Nvidia" have been removed entirely. The word "diversity" does not appear in the current report.
DEI efforts are summarised in a single sentence: "We also utilize employee listening systems to gather feedback and maintain an inclusive culture where hiring and promotions are based on merit." This contrasts with the more detailed commitments outlined in the previous year's document.
Increased Focus on China Market Challenges
Conversely, the report dedicates more attention to the challenges Nvidia faces in China due to U.S. government export restrictions on advanced semiconductors. The company states that under current rules, it "cannot deliver a competitive product for the Chinese data centre market," allowing rivals to build larger global customer bases.
"Our lost opportunity and the benefit to our competitors will have a material and adverse impact on our business, operating results, and financial condition," the report warns. Nvidia confirmed that its current quarter revenue estimates exclude any expected sales of data-centre chips to China.
Broader Industry Context
The shift comes amid a wider reassessment of corporate DEI programmes. Last year, an executive order from U.S. President Donald Trump mandated the end of diversity programmes across the federal government, influencing the private sector. Several major technology firms, including Microsoft, Meta, and Salesforce, subsequently reduced their DEI initiatives, though some companies like Costco have publicly defended theirs.
Nvidia did not immediately respond to a request for comment from Business Insider regarding the changes in its annual report. The company's stock saw a slight increase in after-hours trading following the earnings announcement.