NVIDIA Corporation (NVDA) financials
NASDAQ · Technology · Semiconductors · 42,000 employees · CEO Jensen Huang
- Price
- $204.64 -4.22%
- Market cap
- $4.93T
- Enterprise value
- $4.95T
- Last report
- Q2 '27 filed 2026-08-26
- Next report
- 2026-11-17 EPS est. $2.47
Revenue (TTM)$303B+83.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)65.2%+7.1 pp vs a year agoOperating income $198B
Net income (TTM)$193B+122.7% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$127B+76.3% vs a year agoCapex $7.35B
Diluted EPS (TTM)$7.91+125.4% vs a year agoSum of the last 4 quarters
Net cash$60.5B+31.0% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $4.93T EV $4.95T
- Revenue
- $303B Trailing 12 months
- Revenue growth
- +90% FY2027 consensus
- Profit margin
- 63.7% Net income / revenue, TTM
- P/E
- 25.7× Forward 22.0× (FY2027)
- P/S
- 16.3× Price / sales, TTM
- EV / EBITDA
- 21.2× TTM
- Free cash flow
- $127B Trailing 12 months
- Net income
- $193B Trailing 12 months
- Revenue estimate
- $410B FY2027 consensus
- Earnings
- 2026-11-17 Revenue est. $109B
- Dividend
- $0.28 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-08-26): revenue beat by 4.3%, EPS beat by 6.2%Revenue $96.2B vs $92.3B expected (+4.3%); EPS $2.22 vs $2.09 (+6.2%).
- Revenue growth accelerating: 105.9% year on yearQ2 '27 revenue $96.2B, against an average of 69.1% over the four quarters before.
- Operating margin 65.2% (TTM), +7.1 pp on a year agoOperating income grew 105.9% while revenue grew 83.4%.
- 14.0% of pre-tax profit is non-operatingPre-tax income $230B vs operating income $198B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
- Capex 2.4% of revenue (a year ago 3.0%)$7.35B invested in the last 4 quarters (+46.7% on a year earlier). Free cash flow $127B = 65.8% of net income.
- Returned $64.2B to shareholders = 50.6% of free cash flowBuybacks $57.4B (a year earlier $42.6B), dividends $6.78B, stock-based pay $7.24B (TTM).
- Diluted share count down 1.0% in a year24.3B diluted shares in Q2 '27, 24.5B a year earlier.
- Net cash $60.5BCash + short-term investments $99.4B, debt incl. leases $38.9B; a year ago net cash $46.2B.
Last quarter: Q2 '27
Quarter ended 2026-07-26. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '27 | Year ago | Change | |
|---|---|---|---|
| Revenue | $96.2B | $46.7B | +105.9% |
| Gross margin | 75.0% | 72.4% | +2.6 pp |
| Operating income | $63.7B | $28.4B | +124.1% |
| Operating margin | 66.2% | 60.8% | +5.4 pp |
| Net income | $59.7B | $26.4B | +125.9% |
| Diluted EPS | $2.46 | $1.08 | +127.8% |
| Operating cash flow | $24.1B | $15.4B | +56.7% |
| Capex | $2.68B | $1.9B | +41.3% |
| Free cash flow | $21.4B | $13.5B | +58.9% |
| R&D | $7.05B | $4.29B | +64.4% |
| Stock-based compensation | $2.03B | $1.63B | +24.7% |
Reported vs consensus
2026-08-26| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $96.2B | $92.3B | +4.3% |
| EPS (as estimated) | $2.22 | $2.09 | +6.2% |
From the report of 2026-08-26 for Q2 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q2 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Data Center | $89B | +116.6% | 92.5% | $278B | +89.5% | |
| Edge Computing | $7.2B | – | 7.5% | – | – | |
| Gaming | – | – | – | – | – | |
| Professional Visualization | – | – | – | – | – | |
| Automotive | – | – | – | – | – | |
| OEM And Other | – | – | – | – | – |
Revenue by region
share of total| Segment | Q2 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| United States | $60.1B | +156.0% | 62.4% | $229B | +190.4% | |
| Taiwan, Province Of China | $27B | +216.4% | 28.0% | $65.6B | +151.1% | |
| CHINA | $7.88B | +184.6% | 8.2% | $23.8B | +23.8% | |
| Other Americas | $1.28B | -29.5% | 1.3% | $3.68B | -67.6% |
Segment profits
Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).
Segments in Q2 '27
| Segment | Revenue | y/y | Operating income | y/y | Margin | Margin a year ago | TTM operating income |
|---|---|---|---|---|---|---|---|
| Compute And Networking | – | – | – | – | – | – | – |
| Graphics | – | – | – | – | – | – | – |
| Corporate (unallocated) | – | – | $66.6B | +117.6% | – | – | – |
| Compute And Networking Segment | – | – | $62.7B | +121.0% | – | – | $196B |
| Graphics Segment | – | – | $3.9B | +73.9% | – | – | $12.1B |
Operating income by segment
quarterlySegment operating margin
quarterlyFourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $134B
- Capex
- -$7.35B
- Buybacks
- -$57.4B
- Dividends
- -$6.78B
- Acquisitions
- -$1.16B
- Net debt issued
- $24.8B
- Stock-based compensation
- $7.24B
- Free cash flow
- $127B
- Returned to shareholders / FCF
- 50.6%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 25.7× | 59.7× | 37.8× – 106.4× |
| EV / EBITDA | 21.2× | 48.9× | 31.4× – 81.0× |
| EV / Sales | 16.3× | 22.0× | 18.0× – 25.4× |
| Price / FCF | 38.8× | 70.4× | 47.0× – 125.1× |
| Price / Book | 21.6× | 29.2× | 21.6× – 36.7× |
| FCF yield | 2.6% | 1.6% | 0.8% – 2.1% |
| Return on invested capital | 59.5% | 45.2% | 11.7% – 75.3% |
| Return on equity | 110.1% | 58.8% | 19.8% – 91.9% |
Analysts
Consensus target $339.17 (+65.7%)
range $210.00 – $515.00 · rating Buy
Strong buy2
Buy58
Hold16
Sell3
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $410B | +89.8% | $9.29 | +89.6% | 22.0× | 33 |
| FY2028 | $694B | +69.2% | $15.81 | +70.1% | 12.9× | 32 |
| FY2029 | $925B | +33.4% | $21.38 | +35.2% | 9.6× | 20 |
| FY2030 | $1.11T | +19.6% | $25.60 | +19.8% | 8.0× | 9 |
| FY2031 | $1.21T | +9.5% | $26.60 | +3.9% | 7.7× | 10 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 261 figures NVIDIA Corporation tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $15.1B | $9.06B | +66.1% | $9.81B | $6.31B | +55.5% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $63.1B | $27.8B | +126.8% | $38.5B | $23.1B | +66.8% |
| Accrued Income Taxes, Noncurrent | $5.6B | $3.08B | +81.8% | $3.96B | $2.19B | +80.9% |
| Accrued Liabilities, Current | $27B | $15.2B | +77.5% | $21.4B | $11.7B | +81.9% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $6.59B2026-01-25 | $4.4B | +49.7% | $6.59B | $4.4B | +49.7% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$25M | $170M | -114.7% | $178M | $28M | +535.7% |
| Additional Paid in Capital | $9.83B | $11.2B | -12.3% | $10.1B | $11.2B | -10.0% |
| Adjustments to Additional Paid in Capital, Fair Value | $5M2025-10-26 | – | – | – | – | – |
| Amortization of Intangible Assets | $237M | $84M | +182.1% | $488M | $593M | -17.7% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 7M | 3M | +133.3% | 41M | 51M | -19.6% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $2.03B | $1.63B | +24.2% | $6.39B | $4.76B | +34.3% |
| Assets | $320B | $141B | +127.6% | $207B | $112B | +85.3% |
| Assets, Current | $197B | $102B | +93.1% | $126B | $80.1B | +56.8% |
| Capital Expenditures Incurred but Not yet Paid | $100M | $692M | -85.5% | $820M | $525M | +56.2% |
| Cash and Cash Equivalents, at Carrying Value | $22.4B | $11.6B | +92.8% | $10.6B | $8.59B | +23.5% |
| Cash Equivalents, at Carrying Value | $8.29B2026-01-25 | $7.87B | +5.3% | $8.29B | $7.87B | +5.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $22.4B | $11.6B | +92.8% | $10.6B | $8.59B | +23.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $9.21B | -$3.6B | +356.1% | $2.02B | $1.31B | +54.0% |
| Commitments and Contingencies | $02026-01-25 | $0 | – | $0 | $0 | – |
| Common Stock, Dividends, Per Share, Declared | $0.25 | $0.01 | +2,400.0% | $0.04 | $0.03 | +17.6% |
| Common Stock, Par or Stated Value Per Share | $0.002026-01-25 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 80B2026-01-25 | 80B | 0.0% | 80B | 80B | 0.0% |
| Common Stock, Shares, Issued | 24.3B2026-01-25 | 24.5B | -0.7% | 24.3B | 24.5B | -0.7% |
| Common Stock, Shares, Outstanding | 24.3B2026-01-25 | 24.5B | -0.7% | 24.3B | 24.5B | -0.7% |
| Common Stock, Value, Issued | $24M | $24M | 0.0% | $24M | $24M | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $59.5B | $26.4B | +125.4% | $120B | $72.9B | +64.9% |
| Contract with Customer, Liability | $6.41B | $2.04B | +215.1% | $2.57B | $1.81B | +41.9% |
| Contract with Customer, Liability, Current | $4.62B | $980M | +371.0% | $1.38B | $837M | +64.8% |
| Contract with Customer, Liability, Noncurrent | $1.8B | $1.06B | +70.2% | $1.19B | $976M | +22.2% |
| Contract with Customer, Liability, Revenue Recognized | $307M | $214M | +43.5% | $974M | $729M | +33.6% |
| Cost of Revenue | $24.1B | $12.9B | +86.8% | $62.5B | $32.6B | +91.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $19B | $14B | +35.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $2.55B | $699M | +264.8% |
| Current Income Tax Expense (Benefit) | – | – | – | $22.8B | $15.6B | +46.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1.22B | $892M | +36.5% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $134M | $34M | +294.1% | $32M | $37M | -13.5% |
| Debt Securities, Available-for-sale | $46.9B | $53.3B | -12.0% | $39.5B | $42.1B | -6.1% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $8M | $164M | -95.1% | $174M | $100M | +74.0% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $56M | $22M | +154.5% | $6M | $56M | -89.3% |
| Debt Securities, Available-for-sale, Amortized Cost | $54.6B2025-10-26 | $37.7B | +44.8% | $42.1B2025-01-26 | $25.7B | +63.8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $337M2025-10-26 | $658M | -48.8% | $213M2025-01-26 | $1.7B | -87.4% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $42B | $11.6B | +261.3% | $13.1B | $12.4B | +5.7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $17M2026-04-26 | $15M | +13.3% | $6M | $56M | -89.3% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $5.9B | $30.8B | -80.8% | $19.1B | $23.7B | -19.3% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $41B | $22.5B | +82.1% | $20.4B | $18.5B | +10.7% |
| Debt Securities, Current | $34.1B | – | – | – | – | – |
| Debt, Current | $1B | – | – | $999M | $0 | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$1.36B | -$4.52B | +69.8% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $825M | $280M | +194.6% |
| Deferred Income Tax Assets, Net | $12.2B | $13.6B | -10.4% | $13.3B | $11B | +20.8% |
| Deferred Income Tax Expense (Benefit) | -$602M | $17M | -3,641.2% | -$1.42B | -$4.48B | +68.2% |
| Deferred Income Tax Liabilities, Net | $1.62B | $1.35B | +19.8% | $1.77B | $886M | +100.2% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$885M | -$242M | -265.7% |
| Deferred Tax Assets, Gross | $16.9B2026-01-25 | $13.2B | +27.6% | $16.9B | $13.2B | +27.6% |
| Deferred Tax Assets, Net | $11.5B2026-01-25 | $10.1B | +13.8% | $11.5B | $10.1B | +13.8% |
| Deferred Tax Assets, Net of Valuation Allowance | $16.1B2026-01-25 | $11.6B | +38.7% | $16.1B | $11.6B | +38.7% |
| Deferred Tax Assets, Operating Loss Carryforwards | $443M2026-01-25 | $456M | -2.9% | $443M | $456M | -2.9% |
| Deferred Tax Assets, Other | $679M2026-01-25 | $566M | +20.0% | $679M | $566M | +20.0% |
| Deferred Tax Assets, Tax Credit Carryforwards | $718M2026-01-25 | $759M | -5.4% | $718M | $759M | -5.4% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $3.64B2026-01-25 | $2.06B | +77.1% | $3.64B | $2.06B | +77.1% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-26, 10-Q 2026-04-26, 10-K 2026-01-25, 10-Q 2025-10-26, 10-Q 2025-07-27, 10-Q 2025-04-27, 10-K 2025-01-26, 10-Q 2024-10-27, 10-Q 2024-07-28
Data as of 2026-11-01