Companies/Technology/Semiconductors

NVIDIA

NVDA · NasdaqEarnings Nov 18 (est.)Santa Clara, California42.0K employeesWebsite ↗
229.34▲ 1.99%Pooled price · full market data →

What matters nowUpdated 10 h ago

  • NVIDIA's newest developments are from October 12 and October 7: it and Cisco announced plans for USFP 400G-per-lane pluggable optics for AI factories, a design at the planning stage with no shipping hardware announced 1, and it contributed its Vera Rubin rack designs to the OCP and joined Open Data Center Specification v0.7 2. On October 7 it and Microsoft opened preorders for RTX Spark laptops 3.
  • NVDA is essentially flat at about $224.85 on the 24/7 venue price pool as of 11:51 UTC on October 13 (pooled venue prices, not an exchange close), down 0.002% from the previous close of $224.85. Its largest recent declines were 6.45% on July 27 in a chip-stock selloff despite a report of a $5 billion Safe Superintelligence commitment 4 and 4.39% on August 24 in a broad tech selloff ahead of the August 26 earnings report 5, while its 4.17% gain on July 14 came the day a cooler June CPI report was released 6.
  • Fundamentals as of July 26, 2026 show trailing twelve-month revenue of $302.97 billion, up 83.4% year over year, a 63.7% net margin and EPS of $7.91 (up 124.7%), with the stock at 28.4x trailing earnings and 17.9x sales on a $5.42 trillion market cap. Data Center revenue was $89.0 billion in Q2 FY2027, up 117% year over year.
  • Insiders sold 6.23 million shares worth $1.38 billion in 14 sales over the past 180 days and bought none, while the board on September 28 added $150 billion to the buyback authorization, leaving $235 billion remaining, the largest increase in the company's history 7.
  • The next dated items are September CPI on October 14 at 12:30 UTC, RTX Spark laptop sales starting October 16 3, and Jensen Huang's GTC Berlin keynote on October 21 at 11 a.m. CEST 8. Q3 FY2027 earnings are estimated for November 18, 2026 but not confirmed, against company guidance of $108.0 billion plus or minus 2% excluding China Data Center compute revenue.
  • Prediction-market odds at the snapshot put a 91.4% chance on NVIDIA being the largest company by market cap on October 31, 2026, a 53% chance on NVDA touching $216 in October and a 90.3% chance on it touching $224 in October.

NVIDIA designs the GPUs, networking chips, systems and software that power AI data centers, along with GeForce gaming GPUs, professional visualization workstations, and automotive and robotics platforms. Its data center business sells accelerated computing and networking to hyperscalers, AI clouds, enterprises and governments, and it is building AI factory reference designs for sovereign customers. Fiscal 2026 (ended January 25, 2026) revenue was $215.9 billion. From fiscal 2027 it reports two platforms, Data Center and Edge Computing.

How it makes money

NVIDIA sells accelerated computing platforms (GPUs, CPUs, networking, complete rack-scale systems) mainly to cloud providers, AI model builders and enterprises, and increasingly finances or co-invests in its customers' AI infrastructure. Gaming, professional visualization and automotive GPUs and modules add smaller, steadier revenue. Its CUDA and AI software stack keeps customers on its hardware. Quarterly results are driven by data center shipments, guided one quarter ahead.

Last 12 monthsChart & venues →

166.29201.93237.57Oracle falls about 5% as FT reports OpenAI annualized revenue near $50 billion1SpaceX seeks about $40 billion of debt, led by Apollo, to fund Nvidia chip purchases2Report says OpenAI moved Ultrafast workload to Nvidia; Cerebras down about 19.5% that week3NVIDIA adds $150 billion to buyback authorization, the largest increase in its history4NVIDIA agrees to acquire Hugging Face for $12.93B and pledges an open platform5Dec 31Mar 13May 23Aug 2Oct 12
Numbered dots: the stories that mattered. Click one.

Valuation & fundamentalsFull financials →

Market cap$5.53Tpooled price × shares
Enterprise value$5.54T+ net debt $10.92B
P/E (TTM)29.0×EPS $7.91
EV / EBITDA27.5×EBITDA $201.27B
P / Sales18.2×EV/Sales 18.3×
P / Book24.1×equity $228.98B
FCF yield2.3%FCF $127.01B
Shareholder yield1.1%div 0.12% · buyback 1.0%
Revenue (TTM)$302.97B83.4% YoY
Last quarter revenue105.9%growth YoY
EPS growth (TTM)124.7%last Q 127.8%
Gross margin74.7%operating 65.2%
Net margin63.7%EBITDA 66.4%
ROE117.2%on average equity
Cash$22.44Bdebt $33.37B
Shares out24.10Bdiluted 24.29B

TTM through 2026-07-26 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →

Biggest businessesAll products & projects →

scalingproduct line

Data Center compute (Blackwell, Hopper)

Main revenue driver. Q2 FY2027 Data Center revenue was $89.0 billion, up 117% year over year. Vera Rubin is ramping; Q3 FY2027 total revenue is guided to $108.0 billion, plus or minus 2%.

Data Center revenue · Q2 FY2027 (quarter ended Jul 26, 2026)
$89.0 billion +117% YoY, +18% QoQ
Data Center compute revenue · Q1 FY2027 (quarter ended Apr 26, 2026)
$60.4 billion +77% YoY, +18% QoQ
China Data Center compute revenue (Hopper H20) · Q2 FY2027 outlook
$0; Q3 FY2027 outlook assumes none vs $4.6 billion in Q1 FY2026
scalingproduct line

Data center networking (InfiniBand, Spectrum-X)

Networking is the fastest-growing data center line: $14.8 billion in Q1 FY2027, up 199% year over year. NVIDIA does not split out Q2 networking in its release.

Data Center networking revenue · Q1 FY2027 (quarter ended Apr 26, 2026)
$14.8 billion +199% YoY, +35% QoQ
Data Center networking revenue growth · FY2026
+142%
Spectrum-X Ethernet Photonics (co-packaged optics) · May 31, 2026 release
In production; NVIDIA claims 5x better power efficiency than pluggable transceivers (vendor claim)
launchedproduct line

Gaming (GeForce)

Gaming is no longer reported as its own line from Q1 FY2027; it sits in Edge Computing. Last reported: $3.7 billion in Q4 FY2026, up 47% year over year.

Gaming revenue (last separately reported) · Q4 FY2026 (quarter ended Jan 25, 2026)
$3.7 billion +47% YoY, -13% QoQ
Gaming revenue growth · FY2026
+41%
launchedproduct line

Professional visualization (RTX workstations)

Workstation GPUs for design, simulation and AI development. Revenue more than doubled year over year in Q4 FY2026, and it is no longer reported separately from Q1 FY2027.

Professional Visualization revenue (last separately reported) · Q4 FY2026 (quarter ended Jan 25, 2026)
$1.3 billion +159% YoY, +74% QoQ
Professional Visualization revenue growth · FY2026
+70%

Latest newsAll news →

NVIDIA opens GTC Berlin coverage; Jensen Huang keynote set for October 21

NVIDIA's GTC Berlin page, posted October 12, says the event runs October 20 to 22 and that Jensen Huang gives the keynote on October 21 at 11 a.m.

News

NVIDIA and Cisco announce USFP 400G-per-lane pluggable optics for AI factories

NVIDIA and Cisco announced plans for USFP, a high-density 400 Gb/s-per-lane optical module timed to the OCP Global Summit.

Product

NVIDIA opens Vera Rubin rack designs to OCP and joins Open Data Center Specification v0.7

At the OCP Global Summit NVIDIA contributed its Vera Rubin rack and compute tray designs through the open MGX architecture and released four open-source DSX AI Factory components.

Product

Loft Orbital's Altair-1 reaches orbit with NVIDIA Jetson AGX Orin modules

NVIDIA's October 12 France post says Altair-1, the first satellite in a $1 billion, 50-satellite constellation run by Loft Orbital and Orbitworks, has reached orbit.

Deal

Oracle falls about 5% as FT reports OpenAI annualized revenue near $50 billion

The Financial Times reported that OpenAI told investors its annualized revenue was close to $50 billion at the end of September, well below the roughly $70 billion figure reported in late September.

News

AI infrastructure stocks fall after OpenAI puts annualized revenue near $50 billion

OpenAI told investors its annualized revenue was about $50 billion at the end of September, below the roughly $68 billion to $70 billion figure that had circulated in late September.

News