NVIDIA's H20 charges/(releases), net, were $4.5 billion in Q1 fiscal 2026 and ($180 million) in Q2 fiscal 2026.

True: NVIDIA's filed financial statements (the Q1 and Q2 FY2026 10-Qs and the FY2026 10-K, including any later amendment or restatement, which governs) report H20 charges/(releases), net, of $4.5 billion for Q1 FY2026 and a net release of $180 million for Q2 FY2026. Mostly true: both figures match apart from a trivial rounding difference (for example $4.5B against a reported $4.54B, or within a few million on the $180M). Mostly false: one of the two figures differs materially, or its sign differs. False: both figures differ materially from the filed amounts.

Set before the research began.

1. E1 CFO Commentary on First Quarter Fiscal 2026 Results NVIDIA Corporation (filed on SEC.gov) Own record

   “As a result of these new requirements, we incurred a $4.5 billion charge in the first quarter of fiscal 2026 associated with H20 excess inventory and purchase obligations as the demand for H20 diminished.”

2. E2 CFO Commentary on Second Quarter Fiscal 2026 Results NVIDIA Corporation (filed on SEC.gov) Own record

   “In the second quarter of fiscal 2026, we benefited from a $180 million release of previously reserved H20 inventory related to the sale of approximately $650 million of H20 to an unrestricted customer outside of China.”

E1 is NVIDIA's Q1 FY2026 CFO commentary, filed on SEC.gov. It reports a $4.5 billion charge in the first quarter of fiscal 2026 for H20 excess inventory and purchase obligations. E2 is the Q2 FY2026 CFO commentary, also filed on SEC.gov. It reports a $180 million release of previously reserved H20 inventory in the second quarter. Both figures and the direction of each item (a charge, then a release) match the claim. The support comes only from NVIDIA's own SEC filings, not from the 10-Qs or 10-K named in the criteria or from an independent source.