NVIDIA Corporation (NVDA)财务
NASDAQ · Technology · Semiconductors · 员工42,000人 · CEO Jensen Huang
- 股价
- $204.64 -4.22%
- 市值
- $4.93万亿
- 企业价值
- $4.95万亿
- 最近财报
- Q2 '27 2026-08-26提交
- 下次财报
- 2026-11-17 EPS预期 $2.47
营收(TTM)$3030亿+83.4% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)65.2%+7.1 百分点 对比去年同期营业利润 $1980亿
净利润(TTM)$1930亿+122.7% 对比去年同期税后,含营业外收益
自由现金流(TTM)$1270亿+76.3% 对比去年同期资本支出 $73.5亿
稀释EPS(TTM)$7.91+125.4% 对比去年同期最近4个季度之和
净现金$605亿+31.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $4.93万亿 EV $4.95万亿
- 营收
- $3030亿 过去12个月
- 营收增速
- +90% FY2027年一致预期
- 净利润率
- 63.7% 净利润 / 营收,TTM
- P/E
- 25.7× 预期 22.0×(FY2027)
- P/S
- 16.3× 股价 / 营收,TTM
- EV / EBITDA
- 21.2× TTM
- 自由现金流
- $1270亿 过去12个月
- 净利润
- $1930亿 过去12个月
- 营收预期
- $4100亿 FY2027年一致预期
- 盈利
- 2026-11-17 营收预期 $1090亿
- 股息
- $0.28 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-26):营收超预期4.3%,EPS 超预期6.2%营收$962亿,预期$923亿(+4.3%);EPS $2.22,预期$2.09(+6.2%)。
- 营收增长加速:同比105.9%Q2 '27营收$962亿,此前四个季度的平均值为69.1%。
- 营业利润率65.2%(TTM),较去年同期+7.1 百分点营收增长83.4%,营业利润增长105.9%。
- 税前利润的14.0%来自营业外收益税前利润$2300亿,营业利润$1980亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的2.4%(去年为3.0%)最近4个季度投入$73.5亿(同比+46.7%)。自由现金流$1270亿,相当于净利润的65.8%。
- 股东回报$642亿 = 自由现金流的50.6%回购$574亿(去年为$426亿),股息$67.8亿,股权激励$72.4亿(TTM)。
- 稀释股数一年内减少1.0%Q2 '27稀释股数243亿,一年前为245亿。
- 净现金 $605亿现金 + 短期投资 $994亿,含租赁债务 $389亿;一年前净现金 $462亿。
上一季度:Q2 '27
截至2026-07-26的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '27 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $962亿 | $467亿 | +105.9% |
| 毛利率 | 75.0% | 72.4% | +2.6 百分点 |
| 营业利润 | $637亿 | $284亿 | +124.1% |
| 营业利润率 | 66.2% | 60.8% | +5.4 百分点 |
| 净利润 | $597亿 | $264亿 | +125.9% |
| 稀释EPS | $2.46 | $1.08 | +127.8% |
| 经营现金流 | $241亿 | $154亿 | +56.7% |
| 资本支出 | $26.8亿 | $19亿 | +41.3% |
| 自由现金流 | $214亿 | $135亿 | +58.9% |
| R&D | $70.5亿 | $42.9亿 | +64.4% |
| 股权激励费用 | $20.3亿 | $16.3亿 | +24.7% |
实际 vs 一致预期
2026-08-26| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $962亿 | $923亿 | +4.3% |
| EPS(一致预期口径) | $2.22 | $2.09 | +6.2% |
来自2026-08-26发布的Q2 '27财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '27 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Data Center | $890亿 | +116.6% | 92.5% | $2780亿 | +89.5% | |
| Edge Computing | $72亿 | – | 7.5% | – | – | |
| Gaming | – | – | – | – | – | |
| Professional Visualization | – | – | – | – | – | |
| Automotive | – | – | – | – | – | |
| OEM And Other | – | – | – | – | – |
按地区划分的营收
占总额比例| 分部 | Q2 '27 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $601亿 | +156.0% | 62.4% | $2290亿 | +190.4% | |
| Taiwan, Province Of China | $270亿 | +216.4% | 28.0% | $656亿 | +151.1% | |
| CHINA | $78.8亿 | +184.6% | 8.2% | $238亿 | +23.8% | |
| Other Americas | $12.8亿 | -29.5% | 1.3% | $36.8亿 | -67.6% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '27分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Compute And Networking | – | – | – | – | – | – | – |
| Graphics | – | – | – | – | – | – | – |
| Corporate (unallocated) | – | – | $666亿 | +117.6% | – | – | – |
| Compute And Networking Segment | – | – | $627亿 | +121.0% | – | – | $1960亿 |
| Graphics Segment | – | – | $39亿 | +73.9% | – | – | $121亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $1340亿
- 资本支出
- -$73.5亿
- 股票回购
- -$574亿
- 股息
- -$67.8亿
- 收购
- -$11.6亿
- 债务净发行
- $248亿
- 股权激励费用
- $72.4亿
- 自由现金流
- $1270亿
- 股东回报 / FCF
- 50.6%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 25.7× | 59.7× | 37.8× – 106.4× |
| EV / EBITDA | 21.2× | 48.9× | 31.4× – 81.0× |
| EV / 营收 | 16.3× | 22.0× | 18.0× – 25.4× |
| 股价 / FCF | 38.8× | 70.4× | 47.0× – 125.1× |
| 股价 / 净资产 | 21.6× | 29.2× | 21.6× – 36.7× |
| FCF收益率 | 2.6% | 1.6% | 0.8% – 2.1% |
| 投入资本回报率 | 59.5% | 45.2% | 11.7% – 75.3% |
| 净资产收益率 | 110.1% | 58.8% | 19.8% – 91.9% |
分析师
一致目标价 $339.17 (+65.7%)
区间 $210.00 – $515.00 · 评级 Buy
强烈买入2
买入58
持有16
卖出3
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $4100亿 | +89.8% | $9.29 | +89.6% | 22.0× | 33 |
| FY2028 | $6940亿 | +69.2% | $15.81 | +70.1% | 12.9× | 32 |
| FY2029 | $9250亿 | +33.4% | $21.38 | +35.2% | 9.6× | 20 |
| FY2030 | $1.11万亿 | +19.6% | $25.60 | +19.8% | 8.0× | 9 |
| FY2031 | $1.21万亿 | +9.5% | $26.60 | +3.9% | 7.7× | 10 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
NVIDIA Corporation在近期10-Q / 10-K文件中标记的全部261项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $151亿 | $90.6亿 | +66.1% | $98.1亿 | $63.1亿 | +55.5% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $631亿 | $278亿 | +126.8% | $385亿 | $231亿 | +66.8% |
| Accrued Income Taxes, Noncurrent | $56亿 | $30.8亿 | +81.8% | $39.6亿 | $21.9亿 | +80.9% |
| Accrued Liabilities, Current | $270亿 | $152亿 | +77.5% | $214亿 | $117亿 | +81.9% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $65.9亿2026-01-25 | $44亿 | +49.7% | $65.9亿 | $44亿 | +49.7% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$2500万 | $1.7亿 | -114.7% | $1.78亿 | $2800万 | +535.7% |
| Additional Paid in Capital | $98.3亿 | $112亿 | -12.3% | $101亿 | $112亿 | -10.0% |
| Adjustments to Additional Paid in Capital, Fair Value | $500万2025-10-26 | – | – | – | – | – |
| Amortization of Intangible Assets | $2.37亿 | $8400万 | +182.1% | $4.88亿 | $5.93亿 | -17.7% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 700万 | 300万 | +133.3% | 4100万 | 5100万 | -19.6% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $20.3亿 | $16.3亿 | +24.2% | $63.9亿 | $47.6亿 | +34.3% |
| Assets | $3200亿 | $1410亿 | +127.6% | $2070亿 | $1120亿 | +85.3% |
| Assets, Current | $1970亿 | $1020亿 | +93.1% | $1260亿 | $801亿 | +56.8% |
| Capital Expenditures Incurred but Not yet Paid | $1亿 | $6.92亿 | -85.5% | $8.2亿 | $5.25亿 | +56.2% |
| Cash and Cash Equivalents, at Carrying Value | $224亿 | $116亿 | +92.8% | $106亿 | $85.9亿 | +23.5% |
| Cash Equivalents, at Carrying Value | $82.9亿2026-01-25 | $78.7亿 | +5.3% | $82.9亿 | $78.7亿 | +5.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $224亿 | $116亿 | +92.8% | $106亿 | $85.9亿 | +23.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $92.1亿 | -$36亿 | +356.1% | $20.2亿 | $13.1亿 | +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 | 800亿2026-01-25 | 800亿 | 0.0% | 800亿 | 800亿 | 0.0% |
| Common Stock, Shares, Issued | 243亿2026-01-25 | 245亿 | -0.7% | 243亿 | 245亿 | -0.7% |
| Common Stock, Shares, Outstanding | 243亿2026-01-25 | 245亿 | -0.7% | 243亿 | 245亿 | -0.7% |
| Common Stock, Value, Issued | $2400万 | $2400万 | 0.0% | $2400万 | $2400万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $595亿 | $264亿 | +125.4% | $1200亿 | $729亿 | +64.9% |
| Contract with Customer, Liability | $64.1亿 | $20.4亿 | +215.1% | $25.7亿 | $18.1亿 | +41.9% |
| Contract with Customer, Liability, Current | $46.2亿 | $9.8亿 | +371.0% | $13.8亿 | $8.37亿 | +64.8% |
| Contract with Customer, Liability, Noncurrent | $18亿 | $10.6亿 | +70.2% | $11.9亿 | $9.76亿 | +22.2% |
| Contract with Customer, Liability, Revenue Recognized | $3.07亿 | $2.14亿 | +43.5% | $9.74亿 | $7.29亿 | +33.6% |
| Cost of Revenue | $241亿 | $129亿 | +86.8% | $625亿 | $326亿 | +91.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $190亿 | $140亿 | +35.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $25.5亿 | $6.99亿 | +264.8% |
| Current Income Tax Expense (Benefit) | – | – | – | $228亿 | $156亿 | +46.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $12.2亿 | $8.92亿 | +36.5% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $1.34亿 | $3400万 | +294.1% | $3200万 | $3700万 | -13.5% |
| Debt Securities, Available-for-sale | $469亿 | $533亿 | -12.0% | $395亿 | $421亿 | -6.1% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $800万 | $1.64亿 | -95.1% | $1.74亿 | $1亿 | +74.0% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $5600万 | $2200万 | +154.5% | $600万 | $5600万 | -89.3% |
| Debt Securities, Available-for-sale, Amortized Cost | $546亿2025-10-26 | $377亿 | +44.8% | $421亿2025-01-26 | $257亿 | +63.8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $3.37亿2025-10-26 | $6.58亿 | -48.8% | $2.13亿2025-01-26 | $17亿 | -87.4% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $420亿 | $116亿 | +261.3% | $131亿 | $124亿 | +5.7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $1700万2026-04-26 | $1500万 | +13.3% | $600万 | $5600万 | -89.3% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $59亿 | $308亿 | -80.8% | $191亿 | $237亿 | -19.3% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $410亿 | $225亿 | +82.1% | $204亿 | $185亿 | +10.7% |
| Debt Securities, Current | $341亿 | – | – | – | – | – |
| Debt, Current | $10亿 | – | – | $9.99亿 | $0 | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$13.6亿 | -$45.2亿 | +69.8% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $8.25亿 | $2.8亿 | +194.6% |
| Deferred Income Tax Assets, Net | $122亿 | $136亿 | -10.4% | $133亿 | $110亿 | +20.8% |
| Deferred Income Tax Expense (Benefit) | -$6.02亿 | $1700万 | -3,641.2% | -$14.2亿 | -$44.8亿 | +68.2% |
| Deferred Income Tax Liabilities, Net | $16.2亿 | $13.5亿 | +19.8% | $17.7亿 | $8.86亿 | +100.2% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$8.85亿 | -$2.42亿 | -265.7% |
| Deferred Tax Assets, Gross | $169亿2026-01-25 | $132亿 | +27.6% | $169亿 | $132亿 | +27.6% |
| Deferred Tax Assets, Net | $115亿2026-01-25 | $101亿 | +13.8% | $115亿 | $101亿 | +13.8% |
| Deferred Tax Assets, Net of Valuation Allowance | $161亿2026-01-25 | $116亿 | +38.7% | $161亿 | $116亿 | +38.7% |
| Deferred Tax Assets, Operating Loss Carryforwards | $4.43亿2026-01-25 | $4.56亿 | -2.9% | $4.43亿 | $4.56亿 | -2.9% |
| Deferred Tax Assets, Other | $6.79亿2026-01-25 | $5.66亿 | +20.0% | $6.79亿 | $5.66亿 | +20.0% |
| Deferred Tax Assets, Tax Credit Carryforwards | $7.18亿2026-01-25 | $7.59亿 | -5.4% | $7.18亿 | $7.59亿 | -5.4% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $36.4亿2026-01-25 | $20.6亿 | +77.1% | $36.4亿 | $20.6亿 | +77.1% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-01