X @郭明錤 (Ming-Chi Kuo)

After Nvidia reported its Q3 FY26 results, there was a view that its Days Sales Outstanding (DSO) and inventory levels were abnormal and potentially indicative of fraud. In my view, the reported figures are, in fact, consistent with basic financial common sense and the underlying industry structure.1. Days Sales Outstanding (DSO)(1) Critics point out that Nvidia’s DSO increased from an average of 46 days in FY2020–2024 to 53 days in Q3 FY26 and claim this deterioration is a sign of financial irregularities ...