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NASDAQ: NVDA Nasdaq Semiconductors Next results ~November 17, 2026

A Fundamentals grade

NVIDIA designs accelerated computing hardware and software and describes itself as a data-centre-scale artificial intelligence infrastructure company. It invented the graphics processing unit (GPU) in 1999 and, after launching its CUDA platform in 2006, built chips, systems and software for workloads such as AI training and inference, scientific computing, data analytics and robotics. Its products span GPUs, the Grace CPU, data processing units and networking equipment, with software including CUDA, NVIDIA AI Enterprise, the DRIVE autonomous-driving stack and the Omniverse simulation platform.

Its customers include cloud providers, AI model developers, enterprises, startups, gamers and professional designers. Most products reach market through partners — equipment makers, system integrators and distributors — and the company charges for software licences, including AI Enterprise, and licenses its intellectual property. It is fabless, outsourcing chip fabrication to foundries such as TSMC and Samsung.

NVIDIA reports two segments: Compute & Networking, covering data-centre and automotive platforms, and Graphics, covering GeForce gaming and workstation GPUs. Incorporated in 1993 and based in Santa Clara, California, it says more than 7.5 million developers use CUDA and that its products power over 78% of the supercomputers on the TOP500 list.

Based on NVIDIA Corporation's 10-K filed February 25, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$320

Cash-flow model

Base case. Range ~$250–$410 across our lower- and higher-growth cases (8%–18% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 60% above it.

Price used: $202.06, November 2, 2026

NVIDIA Corporation valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter NVIDIA files

Where NVIDIA stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $303.0bn, up 83.4% on a year earlier, faster than 70.7% a quarter earlier. That growth ranks 3 of 33 among the semiconductor companies we cover. Free-cash-flow margin fell to 41.9% from 43.6% a year earlier. Operating margin widened to 65.2% from 58.1%. Against its peers on growth, profitability, cash generation and balance sheet, it grades A. It passes 6 of our 7 financial-health checks. Our cash-flow model value is $156 a share, against a share price of $217. At that price, our model says the market is pricing in about 19.0% a year of cash-flow growth for five years, slower than the 62.3% a year revenue growth it has delivered.

Source: 10-Q filed August 26, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 17, 2026 (estimated)

NVIDIA Corporation's trailing-twelve-month revenue grew 83.4% year on year, with a free-cash-flow margin of 41.9%. Where it stands out: operating margin of 65.2% ranks 2 of 75 semiconductor companies we cover.

Our discounted-cash-flow model values the business at ~$320 per share in the base case (~$250–$410 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 76.3% while net income grew 122.7%: a 46pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $202.06 is 60% below our value per share of $320.
  • Fast growth. Revenue grew 83.4% over the last 12 months, against a median of 13.7% for semiconductor companies we cover.
  • Growth speeding up. The growth rate is 12.7 points higher than a quarter earlier.
  • High operating margin. 65.2% of revenue is left as operating profit, against a median of 4.8% for semiconductor companies we cover.
  • Margins widening. Operating margin is up 7.1 points on a year ago.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 37% and a beta of 1.9 against the S&P 500.
  • Insiders selling. 11 insiders sold $1,878M of stock over the past 365 days and none bought (18% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was 66% of net income over the last 12 months.
  • Below peers: days sales outstanding. Days sales outstanding of 76 days ranks 49 of 62 semiconductor companies we cover (median 58 days).

Latest results: FY2027 Q2

Filed August 26, 2026
Earnings per share
$2.22 against an average estimate of $2.09: beat by 6.2%
Revenue
$96.22bn, up 105.9% on a year earlier
Share reaction
+7.0% in the first session after the results on August 26, 2026, against +0.7% for the S&P 500
Guidance given
revenue $108bn (third quarter of fiscal 2027); GAAP gross margin 74% (third quarter of fiscal 2027)
Next report
November 17, 2026; average EPS estimate $2.47

NVIDIA's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.3%
  • 1 week-6.5%
  • 1 month-13.6%
  • This year+8.6%
  • 1 year+0.0%
  • 5 years+663.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$303B
Operating margin
65.2%
Net margin
63.7%
EPS (TTM, diluted)
$7.91

Growth

Revenue growth
+83.4%
Change in growth rate
+12.7 pts
Share count change
−1.0%

Cash

Free cash flow (TTM)
$127B
FCF margin
41.9%
Stock pay % of revenue
2.4%

Earnings

Last results
August 26, 2026
Next results (est.)
November 25, 2026

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Product

    NVIDIA and Oracle expand Vera Rubin systems to multi-gigawatt scale

    NVIDIA Corporation said it and Oracle will expand Oracle Cloud Infrastructure Superclusters with Vera Rubin NVL72 systems to multi-gigawatt scale. The companies also made Vera CPUs generally available on the platform. OCI plans to introduce HGX Rubin NVL8 systems featuring eight Rubin GPUs and Intel Xeon 6 CPUs.

    Company releaseRead source ↗
  2. Product
  3. Product

    NVIDIA signs deals to boost AI chip supply chain capacity

    NVIDIA Corporation said it has agreed with partners to expand manufacturing capacity for AI infrastructure. Substrate output will rise 2.5x over three years, while Amkor plans a 300% packaging increase by 2028. KYEC will build US facilities supported by a $1.1 billion advance from NVIDIA.

    Company releaseRead source ↗
  4. Announcement

    NVIDIA expands Isaac robotics platform with new humanoid reference

    NVIDIA Corporation said it expanded its Isaac platform with a new reference humanoid and updated frameworks. Agile Robots announced the Agile ONE SN, a 40-kilogram robot powered by Jetson Thor, scheduled for early 2027. The company also introduced Isaac Lab 3.0 and a SimReady library containing over 2,000 assets to support robot learning.

    Company releaseRead source ↗
  5. Announcement
  6. Product

    NVIDIA releases RFD4-Proteina model for protein design

    NVIDIA Corporation said it launched RFD4-Proteina, an open model for protein design, alongside the UW Medicine Institute for Protein Design. The company also announced Siemens Healthineers is using its technology for adaptive radiotherapy. Several firms are using the BioNeMo platform to develop scientific agents for drug discovery.

    Company releaseRead source ↗
  7. Announcement

    NVIDIA and Nokia expand AI-RAN trials across EMEA telecom networks

    NVIDIA Corporation said leading operators are adding accelerated computing to their networks. T-Mobile completed an AI-RAN call in Bellevue, Washington, while BT, Deutsche Telekom and Elisa announced pilots using Nokia software on NVIDIA hardware. Nine EMEA operators are building this infrastructure, and partners are adopting Nemotron models for autonomous operations.

    Company releaseRead source ↗
  8. Product

    NVIDIA unveils OpenShell architecture for secure AI agents

    NVIDIA Corporation said it launched the OpenShell Reference Architecture to manage safe AI agents on enterprise and edge systems. The setup combines Vera Rubin, Vera CPUs and BlueField-4 hardware with Sentry software for monitoring. The company noted that partners including Microsoft and AWS are working with the architecture.

    Company releaseRead source ↗
  9. Announcement

    NVIDIA partners with European firms to cut AI factory water and power use

    NVIDIA Corporation said European partners are adopting its DSX platform to build AI factories that reduce cooling water consumption by up to 100% and power use by up to 30%. The company noted that a 2-gigawatt deployment could save 54 million liters of water daily. Firms including CoreWeave and Google Cloud plan to use the technology.

    Company releaseRead source ↗
  10. Announcement
  11. Our research
  12. Our research
  13. Our research
  14. Insider trade
  15. Insider trade
  16. Insider trade
  17. Insider trade
  18. Announcement
  19. Insider trade
  20. Insider trade
  21. Insider trade
  22. Results
  23. Guidance
  24. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

NVIDIA Corporation valuation models and calculator

What the price is pricing in

The share price implies about 18.2% a year of cash-flow growth for five years.That is slower than the 62.3% a year revenue growth NVIDIA has delivered.

  • Priced in18.2%
  • Last 12 months83.4%
  • 3 years a year110.1%
  • 5 years a year62.3%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($208.22, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$320
Price used
$208.22close November 3, 2026
Implied change
▲ +55%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of NVIDIA Corporation's free cash flow after stock-based pay with after-tax interest added back ($123B, FY2027 Q2 TTM), growing 66.7% and 34.2% in the next two years (forecasts, guidance and its record), then back to 13% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$250–~$410 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of NVIDIA Corporation's free cash flow after stock-based pay ( $123B, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value NVIDIA Corporation as an operating company, with every model that fits that kind of business. Cost of equity 12.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.74 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$320 ~$250–$410 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$180 ~$110–$250 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$240 ~$230–$420 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$29 ~$26–$32 Left out: out of range vs price (0.14x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$270 ~$180–$320 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare NVIDIA Corporation with Semiconductors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −2%
  • Last year's free-cash-flow margin change, if it persists ▼ −4%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $73$99$134$179$239$316
8.5% $56$74$99$132$175$229
10% $45$60$79$104$136$178

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$0.71$2.75$6.00$3.96$6.22$12.92$22.74$20.30$60.85$142.25$187.23$202.06
Market value$16.2bn$71.3bn$151.7bn$99.0bn$153.7bn$324.4bn$576.5bn$508.8bn$1.52tn$3.53tn$4.59tn$4.93tn
+ Net debt (− = net cash)−$596m−$1.8bn−$4.0bn−$782m−$10.9bn−$847m−$2.0bn−$3.4bn−$7.3bn−$8.6bn−$10.6bn$10.9bn
Enterprise value$15.6bn$69.5bn$147.7bn$98.2bn$142.9bn$323.5bn$574.5bn$505.5bn$1.51tn$3.52tn$4.58tn$4.94tn
Multiples
Price / sales 3.2x10.3x15.6x8.5x14.1x19.5x21.4x18.9x24.9x27.0x21.3x16.3x
Price / earnings 26.4x42.8x49.8x23.9x55.0x74.9x59.1x116.5x51.0x48.4x38.2x25.6x
Price / free cash flow ——————70.9x133.6x56.2x58.0x47.5x38.8x
EV / EBITDA 16.6x32.8x43.3x24.2x44.3x57.5x51.2x87.6x43.8x42.2x34.4x24.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

90 /100

Strong moat

How hard NVIDIA's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 36.7% of total assets over 10 years.

  • Pricing power 16 / 20

    Gross margin has been a median 63.3%, moving by 5.9 percentage points (standard deviation) across 10 years.

  • Durability 20 / 20

    Operating margin has been a median 33.2%; its worst year was 22.4%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 5 of 5 years, at a median 41.9% of revenue.

  • Discipline 15 / 20

    The diluted share count fell 7.5% over five years; stock-based pay has been a median 5.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 17, 2026, after the close. Analysts expect revenue of $109.0bn and EPS of $2.47 (range $2.34 to $2.70) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $9.31 +95% $411.7bn +91%
Next $15.91 +71% $692.2bn +68%

Next year's EPS estimate has moved +24.2% in 90 days, across 52 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.0% on 90 days ago. In the last 30 days, 2 analysts raised NVIDIA Corporation's forecast and 0 cut it.

Consensus EPS forecast NVIDIA Corporation, last 90 days
$8.00 $10.00 $12.00 $14.00 $16.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $8.95 Current fiscal year, 60 days ago: $9.28 Current fiscal year, 30 days ago: $9.31 Current fiscal year, 7 days ago: $9.31 Current fiscal year, Now: $9.31 $9.31 Next fiscal year, 90 days ago: $12.81 Next fiscal year, 60 days ago: $15.24 Next fiscal year, 30 days ago: $15.68 Next fiscal year, 7 days ago: $15.91 Next fiscal year, Now: $15.91 $15.91

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $8.95$12.81
60 days ago $9.28$15.24
30 days ago $9.31$15.68
7 days ago $9.31$15.91
Now $9.31$15.91

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $2.09 $2.22 +6.2%
Apr 2026 $1.77 $1.87 +5.5%
Jan 2026 $1.54 $1.62 +5.3%
Oct 2025 $1.26 $1.30 +3.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 26, 2026
  • Revenue third quarter of fiscal 2027 about $108bn
    “Revenue is expected to be $108.0 billion, plus or minus 2%.” source
  • GAAP gross margin third quarter of fiscal 2027 about 74% GAAP
    “GAAP and non-GAAP gross margins are expected to be 74.0%, plus or minus 50 basis points.” source
  • non-GAAP gross margin third quarter of fiscal 2027 about 74% Non-GAAP
    “GAAP and non-GAAP gross margins are expected to be 74.0%, plus or minus 50 basis points.” source
  • GAAP tax rate full year fiscal 2027 16% to 18% GAAP
    “For the full year fiscal 2027, NVIDIA expects GAAP and non-GAAP tax rates to be between 16.0% and 18.0%, excluding any discrete items and material changes to NVIDIA's tax environment.” source
  • non-GAAP tax rate full year fiscal 2027 16% to 18% Non-GAAP
    “For the full year fiscal 2027, NVIDIA expects GAAP and non-GAAP tax rates to be between 16.0% and 18.0%, excluding any discrete items and material changes to NVIDIA's tax environment.” source
  • GAAP operating expenses third quarter of fiscal 2027 about $9.2bn GAAP
    “GAAP and non-GAAP operating expenses are expected to be approximately $9.2 billion and $9.0 billion, respectively.” source
Show 1 more item
  • non-GAAP operating expenses third quarter of fiscal 2027 about $9bn Non-GAAP
    “GAAP and non-GAAP operating expenses are expected to be approximately $9.2 billion and $9.0 billion, respectively.” source

How earlier guidance turned out

  • GAAP gross margin, second quarter of fiscal 2027 guided about 74.9% Within range: 74.975317%
  • Revenue, second quarter of fiscal 2027 guided about $91bn Above range: $96.221bn

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows NVIDIA Corporation's revenue by +66.7% next year and +34.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+82.0%, weight 58%) , management guidance (+89.5%, weight 18%) and the company's own record (+13.0%, weight 24%) . How the weights are set.

Analyst recommendations

62 analysts, Oct 2026
Buy5995%
Hold23%
Sell12%

Monthly trend

  1. Oct 2026104962
  2. Sep 2026104962
  3. Aug 202694860
  4. Jul 2026104861

Counts of recommendations published by analysts covering NVIDIA Corporation, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.3%
of tradable shares
Days to cover
2.84
at average volume
Short interest, 1 month
+3%
to October 15, 2026
Held by institutions
72%
of shares
Held by insiders
4.0%
of shares
Employees
42,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months 0.0%

$202.01 on October 31, 2025 to $202.06

ThenNowEffect
Revenue (last 12 months) $165.2bn $303.0bn +83.4%
Net margin 52.4% 63.7% +21.5%
P/E multiple 57.5x 25.6x −55.6%
Share count 24655m 24397m +1.1%

Biggest factor: p/e multiple.

Last 3 years +350.3%

$44.87 on November 3, 2023 to $202.06

ThenNowEffect
Revenue (last 12 months) $32.7bn $303.0bn +827.0%
Net margin 31.6% 63.7% +101.5%
P/E multiple 108.7x 25.6x −76.5%
Share count 25011m 24397m +2.5%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NVDA+126%−50%+239%+171%+39%+9%
Industry peers (median)+35%−34%+15%−15%+16%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NVDA58%42%75%75%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NVDA−24%−63%−18%−27%−37%−19%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 66% from November 29, 2021 to October 14, 2022. Getting back needed a 197% gain, reached on May 25, 2023, 223 days after the low.

Price behaviour

52-week range
$164.79 – $239.24
From 52-week high
−15.5%
vs 50-day average
−8.8%
vs 200-day average
−1.0%
Volatility (1 year)
37%
Beta vs S&P 500
1.94

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±4.5%
After a week
4 up, 8 down
typical move ±7.3%
After a month
4 up, 8 down
typical move ±10.4%
Results releasedNext dayS&P 500 next day5 days21 days
August 26, 2026 +7.0% +0.7% +5.3% +5.8%
May 20, 2026 −0.5% +1.2% −2.9% −5.3%
February 25, 2026 −4.1% +0.3% −5.1% −11.2%
November 19, 2025 −0.4% −1.1% −0.6% −0.2%
August 27, 2025 −0.9% +0.6% −5.6% −2.0%
May 28, 2025 +2.7% −0.2% +4.7% +16.4%
February 26, 2025 −5.1% −1.5% −7.4% −12.0%
November 20, 2024 −0.2% +0.6% −7.9% −8.4%
August 28, 2024 −8.3% −0.6% −16.4% −5.4%
May 22, 2024 +8.8% −1.0% +15.8% +23.8%
February 21, 2024 +13.1% +2.2% +11.8% +31.7%
November 21, 2023 −3.4% +0.2% −4.5% −2.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How NVIDIA Corporation’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.37× the last 60 days’ realised volatility .
  • Puts are priced 6 points richer than calls (25-delta): the market is paying up for downside protection, which favours selling puts over calls.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

NVDA NVIDIA Corporation Grade A $203.61

Sell the $185 put expiring December 4, 2026 (32 days) for $4.95 a share — $495 per contract.

Previous session · Bid $4.95, ask $5.20, quoted Mon 2 Nov, 17:13 New York time with NVDA at $203.61. Option prices move with the shares: check the live chain at your broker before trading.

  • If NVDA ends above $185: you keep the $495 — 2.7% on the $18,500 set aside, or 30.5% a year at that pace.
  • If it ends below $185: you buy 100 shares at an effective $180.05, 12% below today's price and 44% below our value of ~$320.
$495 $0 −$3.6k Break-even $180.05 Price $203.61 Our value ~$320 →
Profit or loss per contract at expiry, by share price.
Premium
$495
Annualised
30.5%
Break-even
$180.05
Max gain
$495
Chance of buying
~23%

Results are expected around November 25, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

NVDA NVIDIA Corporation Grade A $203.61

Own 100 shares, sell the $2,400 call expiring December 18, 2026 (46 days) for $149.15 a share — $14,915 per contract.

Previous session · Bid $149.15, ask $152.75, quoted Mon 2 Nov, 17:13 New York time with NVDA at $203.61. Option prices move with the shares: check the live chain at your broker before trading.

  • If NVDA ends below $2,400: you keep your shares and the $14,915 — 73.3% extra on the position, 581.3% a year at that pace.
  • If it ends above $2,400: your shares are sold at $2,400, a total return of 1152.0% including the premium — at or above our value of ~$320.
$234.6k $0 −$1.1k Break-even $54.45 Price $203.61 Our value $320
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$14,915
Annualised
581.3%
Break-even
$54.45
Max gain
$234,554.5
Chance of selling
~83%

Results are expected around November 25, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

NVIDIA Corporation in five measures

Fundamentals grade A
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) NVIDIA Corporation
$0 $100B $200B $300B $400B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $44.9B Revenue (TTM), FY24 Q4: $60.9B Revenue (TTM), FY25 Q1: $79.8B Revenue (TTM), FY25 Q2: $96.3B Revenue (TTM), FY25 Q3: $113.3B Revenue (TTM), FY25 Q4: $130.5B Revenue (TTM), FY26 Q1: $148.5B Revenue (TTM), FY26 Q2: $165.2B Revenue (TTM), FY26 Q3: $187.1B Revenue (TTM), FY26 Q4: $215.9B Revenue (TTM), FY27 Q1: $253.5B Revenue (TTM), FY27 Q2: $303B $303B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $44.9B
FY24 Q4 $60.9B
FY25 Q1 $79.8B
FY25 Q2 $96.3B
FY25 Q3 $113.3B
FY25 Q4 $130.5B
FY26 Q1 $148.5B
FY26 Q2 $165.2B
FY26 Q3 $187.1B
FY26 Q4 $215.9B
FY27 Q1 $253.5B
FY27 Q2 $303B
Revenue growth, TTM YoY NVIDIA Corporation
0% 100% 200% 300% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 57.1% Revenue growth, TTM YoY, FY24 Q4: 125.9% Revenue growth, TTM YoY, FY25 Q1: 208.3% Revenue growth, TTM YoY, FY25 Q2: 194.7% Revenue growth, TTM YoY, FY25 Q3: 152.4% Revenue growth, TTM YoY, FY25 Q4: 114.2% Revenue growth, TTM YoY, FY26 Q1: 86.2% Revenue growth, TTM YoY, FY26 Q2: 71.6% Revenue growth, TTM YoY, FY26 Q3: 65.2% Revenue growth, TTM YoY, FY26 Q4: 65.5% Revenue growth, TTM YoY, FY27 Q1: 70.7% Revenue growth, TTM YoY, FY27 Q2: 83.4% 83.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 57.1%
FY24 Q4 125.9%
FY25 Q1 208.3%
FY25 Q2 194.7%
FY25 Q3 152.4%
FY25 Q4 114.2%
FY26 Q1 86.2%
FY26 Q2 71.6%
FY26 Q3 65.2%
FY26 Q4 65.5%
FY27 Q1 70.7%
FY27 Q2 83.4%
Operating margin (TTM) NVIDIA Corporation
45% 50% 55% 60% 65% 70% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 45.9% Operating margin (TTM), FY24 Q4: 54.1% Operating margin (TTM), FY25 Q1: 59.8% Operating margin (TTM), FY25 Q2: 61.9% Operating margin (TTM), FY25 Q3: 62.7% Operating margin (TTM), FY25 Q4: 62.4% Operating margin (TTM), FY26 Q1: 58.0% Operating margin (TTM), FY26 Q2: 58.1% Operating margin (TTM), FY26 Q3: 58.8% Operating margin (TTM), FY26 Q4: 60.4% Operating margin (TTM), FY27 Q1: 64.0% Operating margin (TTM), FY27 Q2: 65.2% 65.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 45.9%
FY24 Q4 54.1%
FY25 Q1 59.8%
FY25 Q2 61.9%
FY25 Q3 62.7%
FY25 Q4 62.4%
FY26 Q1 58.0%
FY26 Q2 58.1%
FY26 Q3 58.8%
FY26 Q4 60.4%
FY27 Q1 64.0%
FY27 Q2 65.2%
FCF margin (TTM) NVIDIA Corporation
35% 40% 45% 50% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 39.0% FCF margin (TTM), FY24 Q4: 44.4% FCF margin (TTM), FY25 Q1: 49.3% FCF margin (TTM), FY25 Q2: 48.6% FCF margin (TTM), FY25 Q3: 49.9% FCF margin (TTM), FY25 Q4: 46.6% FCF margin (TTM), FY26 Q1: 48.5% FCF margin (TTM), FY26 Q2: 43.6% FCF margin (TTM), FY26 Q3: 41.3% FCF margin (TTM), FY26 Q4: 44.8% FCF margin (TTM), FY27 Q1: 47.0% FCF margin (TTM), FY27 Q2: 41.9% 41.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 39.0%
FY24 Q4 44.4%
FY25 Q1 49.3%
FY25 Q2 48.6%
FY25 Q3 49.9%
FY25 Q4 46.6%
FY26 Q1 48.5%
FY26 Q2 43.6%
FY26 Q3 41.3%
FY26 Q4 44.8%
FY27 Q1 47.0%
FY27 Q2 41.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar NVIDIA took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $216B
  2. Other income $11.1B · 5.1%
  3. Cost of revenue $62.5B · 28.9%
  4. Gross profit $153B · 71.1%
  5. Research and development $18.5B · 8.6%
  6. Selling, general and admin $4.6B · 2.1%
  7. Operating income $130B · 60.4%
  8. Income tax $21.4B · 9.9%
  9. Net income $120B · 55.6%

Shares of revenue. Source: NVIDIA's 10-K for FY2026, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jan 2010 2011 Jan 2011 2012 Jan 2012 2013 Jan 2013 2014 Jan 2014 2015 Jan 2015 2016 Jan 2016 2017 Jan 2017 2018 Jan 2018 2019 Jan 2019 2020 Jan 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Jan 2024 2025 Jan 2025 2026 Jan 2026 LTM Jul 2026
Income
Revenue 3.3 3.5 4.0 4.3 4.1 4.7 5.0 6.9 9.7 11.7 10.9 16.7 26.9 27.0 60.9 130.5 215.9 303.0
Gross profit 1.2 1.4 2.1 2.2 2.3 2.6 2.8 4.1 5.8 7.2 6.8 10.4 17.5 15.4 44.3 97.9 153.5 226.2
EBITDA 0.1 0.4 0.9 0.9 0.7 1.0 0.9 2.1 3.4 4.1 3.2 5.6 11.2 5.8 34.5 83.3 133.2 201.3
Operating income −0.1 0.3 0.6 0.6 0.5 0.8 0.7 1.9 3.2 3.8 2.8 4.5 10.0 4.2 33.0 81.5 130.4 197.6
Net income −0.1 0.3 0.6 0.6 0.4 0.6 0.6 1.7 3.0 4.1 2.8 4.3 9.8 4.4 29.8 72.9 120.1 192.9
Diluted EPS −$0.00 $0.01 $0.02 $0.02 $0.02 $0.03 $0.03 $0.06 $0.12 $0.17 $0.11 $0.17 $0.39 $0.17 $1.19 $2.94 $4.90 $7.91
Growth (year on year)
Revenue −2.9% +6.5% +12.8% +7.1% −3.5% +13.4% +7.0% +37.9% +40.6% +20.6% −6.8% +52.7% +61.4% +0.2% +125.9% +114.2% +65.5% +83.4%
EBITDA −14.5% +353.1% +92.6% +2.6% −15.9% +33.2% −3.6% +124.7% +60.7% +19.3% −20.6% +74.5% +99.2% −48.6% +497.8% +141.6% +59.9% +104.8%
Operating income — — +153.5% −0.0% −23.5% +53.0% −1.6% +158.9% +66.0% +18.5% −25.2% +59.2% +121.6% −57.9% +680.6% +147.0% +60.1% +105.9%
Net income — — +129.5% −3.2% −21.8% +43.4% −2.7% +171.3% +82.9% +35.9% −32.5% +54.9% +125.1% −55.2% +581.3% +144.9% +64.7% +122.7%
Diluted EPS — — +118.6% −4.3% −17.8% +51.4% −3.6% +138.0% +87.5% +37.6% −31.8% +53.1% +122.5% −55.8% +600.0% +147.1% +66.7% +125.1%
Margins
Gross margin 35.4% 39.8% 51.4% 52.0% 54.9% 55.5% 56.1% 58.8% 59.9% 61.2% 62.0% 62.3% 64.9% 56.9% 72.7% 75.0% 71.1% 74.7%
EBITDA margin 2.9% 12.5% 21.3% 20.4% 17.8% 20.9% 18.8% 30.7% 35.1% 34.7% 29.6% 33.8% 41.7% 21.4% 56.6% 63.8% 61.7% 66.4%
Operating margin −3.0% 7.2% 16.2% 15.1% 12.0% 16.2% 14.9% 28.0% 33.0% 32.5% 26.1% 27.2% 37.3% 15.7% 54.1% 62.4% 60.4% 65.2%
Net margin −2.0% 7.1% 14.5% 13.1% 10.7% 13.5% 12.3% 24.1% 31.4% 35.3% 25.6% 26.0% 36.2% 16.2% 48.8% 55.8% 55.6% 63.7%
Free-cash-flow margin 12.3% 16.3% 19.3% — — — — — — — — — 30.2% 14.1% 44.4% 46.6% 44.8% 41.9%
Cash flow
Cash from operations 0.5 0.7 0.9 0.8 0.8 0.9 1.2 1.7 3.5 3.7 4.8 5.8 9.1 5.6 28.1 64.1 102.7 134.4
Capital spending 0.1 0.1 0.1 — — — — — — — — — 1.0 1.8 1.1 3.2 6.0 7.4
Free cash flow 0.4 0.6 0.8 — — — — — — — — — 8.1 3.8 27.0 60.9 96.7 127.0
Stock-based pay 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.4 0.6 0.8 1.4 2.0 2.7 3.5 4.7 6.4 7.2
Free cash flow after stock pay 0.3 0.5 0.6 — — — — — — — — — 6.1 1.1 23.5 56.1 90.3 119.8
Balance sheet
Cash 0.4 0.7 0.7 0.7 1.2 0.5 0.6 1.8 4.0 0.8 10.9 0.8 2.0 3.4 7.3 8.6 10.6 22.4
Total debt — — — — — — — — — — — — — — — — — 33.4
Net debt (negative = net cash) −0.4 −0.7 −0.7 −0.7 −1.2 −0.5 −0.6 −1.8 −4.0 −0.8 −10.9 −0.8 −2.0 −3.4 −7.3 −8.6 −10.6 10.9
Diluted shares 21,983m 23,547m 24,655m 24,998m 23,800m 22,520m 22,760m 25,960m 25,280m 25,000m 24,720m 25,100m 25,350m 25,070m 24,940m 24,804m 24,514m 24,397m
Returned to shareholders
Dividends — 0.0 0.0 0.0 0.2 0.2 0.2 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.4 0.8 1.0 6.7
Buybacks 0.0 0.0 0.0 0.1 0.9 0.8 0.6 0.7 0.9 1.6 0.0 0.0 0.0 10.0 9.5 33.7 40.1 55.3
Total returned 0.0 0.0 0.0 0.1 1.1 1.0 0.8 1.0 1.3 2.0 0.4 0.4 0.4 10.4 9.9 34.5 41.1 62.0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 7 checks passed · July 26, 2026
What it owns · $320.3bn
Short-term assets $197.4bnLonger-term assets $122.9bn
What it owes, and who funded it · $320.3bn
Short-term liabilities $43.0bnLonger-term liabilities $48.3bnShareholders' equity $229.0bn
  • Short-term assets cover short-term liabilities $197.4bn of assets due within a year against $43.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $197.4bn short-term assets against $48.3bn of longer-dated liabilities.
  • More cash than debt $22.4bn of cash against $33.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 15% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 41% to 15% over five years.
  • A year's operating cash flow covers at least 20% of debt $134.4bn of operating cash flow against $33.4bn of debt.
  • Operating profit covers interest at least five times over Operating income of $197.6bn against $463m of interest.

From NVIDIA Corporation's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$55.3B
Dividends (TTM)
$6.7B
Returned to shareholders
49%
of free cash flow
Buybacks, last 3 fiscal years
$83.3B
Diluted share count
−1.0%
year over year
Total shareholder yield
1.3%
dividends 0.1% + buybacks 1.1% of market value
Dividend payout ratio
4%
of net income paid out
R&D spending
7.8%
of revenue
Sales & admin spending
1.7%
of revenue
Days sales outstanding
76 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in semiconductors
Last 12 months unless stated NVDA MU TSM AVGO INTC QCOM Median
Revenue, last 12 months $303.0bn $133.2bn $122.4bn $89.1bn $59.9bn $44.1bn $1.1bn
Revenue growth, last 12 months 83.4% 256.3% 35.8% 48.7% 12.1% 1.9% 13.7%
Revenue growth, 3-year average 110.1% 104.6% — 36.0% 4.2% 4.5% 3.9%
Revenue growth, latest quarter 105.9% 379.3% — 85.5% 20.9% −4.0% 20.1%
Gross margin 74.7% 80.7% 59.9% 68.8% 39.9% 54.2% 48.3%
Operating margin 65.2% 74.6% 50.8% 48.0% 2.9% 23.2% 4.8%
Operating margin, 3-year average 61.7% 35.3% 43.7% 37.9% −6.3% 24.9% 4.8%
Net margin 63.7% 63.8% 44.6% 42.9% −20.1% 21.0% 5.3%
Cash from operations / revenue 44.3% 67.3% 59.7% 45.6% 29.2% 28.1% 17.4%
Free-cash-flow margin 41.9% 44.3% 26.1% 44.2% 6.3% 23.6% 9.6%
Free-cash-flow margin, 3-year average 44.7% 16.4% 22.8% 41.9% −12.4% 28.1% 8.5%
Stock pay / revenue 2.4% 1.0% 0.0% 9.5% 3.9% 7.4% 5.8%
Change in share count −1.0% 1.6% 0.0% 0.2% 16.0% −3.6% 0.9%

Median of all 75 companies we cover in semiconductors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

75 semiconductor companies
Measure Company Peer median Rank
Revenue growth Growth 83.4% 13.7% 7 of 75
Change in growth rate Growth +12.7pp +3.7pp 14 of 75
Gross margin Profitability 74.7% 48.3% 8 of 73
Operating margin Profitability 65.2% 4.8% 2 of 75
Net margin Profitability 63.7% 5.3% 2 of 75
Free-cash-flow margin Cash generation 41.9% 9.6% 5 of 75
Stock pay as % of revenue Cash generation 2.4% 6.4% 21 of 74
Long-term debt as % of assets Balance sheet 10.1% 14.0% 22 of 47
Change in share count Balance sheet -1.0% 0.9% 13 of 72
Days sales outstanding Balance sheet 76 days 58 days 49 of 62

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 25, 2026
Products and services
Line of business Revenue Share YoY
Data Center $194B 89.7% ▲ 68.2%
Compute $162B 83.8% ▲ 58.9%
Networking $31.4B 16.2% ▲ 141.5%
Gaming $16B 7.4% ▲ 41.3%
Professional Visualization $3.2B 1.5% ▲ 69.9%
Automotive $2.3B 1.1% ▲ 38.7%
OEM and Other $619M 0.3% ▲ 59.1%
Geography
Region Revenue Share YoY
United States $150B 69.3% ▲ 93.1%
Taiwan $42.3B 19.6% ▲ 79.4%
China Including Hong Kong $19.7B 9.1% ▼ 21.4%
Other Countries $4.3B 2.0% ▼ 1.6%

From NVIDIA Corporation's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.4T
Institutions reporting
5,899
Shares held vs prior quarter
▲ 2.9%
Positions opened / closed
213 / 122

Top buyers and sellers, Q2 2026: 3,163 institutions bought and 2,432 sold ; the biggest buyer was SG Americas Securities, LLC (+62.3M shares) and the biggest seller California Public Employees Retirement System (−22.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $389B 1.94B 11.6% ▲ 0.9%
Vanguard Capital Management LLC $308B 1.54B 9.2% ▲ 0.1%
FMR LLC $205B 1.03B 6.1% ▲ 3.2%
State Street Corp $202B 1.01B 6.0% ▲ 1.6%
Geode Capital Management, LLC $121B 606.2M 3.6% ▲ 0.8%
Vanguard Portfolio Management LLC $104B 517.8M 3.1% ▲ 1.5%
Jpmorgan Chase & Co $87.6B 449.4M 2.6% ▲ 0.4%
Price T Rowe Associates Inc $74B 369.8M 2.2% ▼ 0.1%
Morgan Stanley $71.3B 356.4M 2.1% ▲ 3.9%
Invesco Ltd. $65.9B 329.6M 2.0% ▲ 0.6%
Norges Bank $65.2B 326.0M 1.9% —
Northern Trust Corp $50.2B 251.0M 1.5% ▼ 0.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not NVIDIA Corporation's complete shareholder register. Values are as reported by the filers ; 35 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1.9B 187 trades by 11 insiders · 18% under pre-set plans
Net ▼ $1.9B net selling
Insider Date Trade Shares Price Value
Teter Timothy S. EVP, General Counsel and Sec September 21, 2026 Sell pre-set plan 4,499 $223.75 $1M
Teter Timothy S. EVP, General Counsel and Sec September 21, 2026 Sell pre-set plan 13,478 $223.05 $3M
Teter Timothy S. EVP, General Counsel and Sec September 21, 2026 Sell pre-set plan 12,483 $222.19 $2.8M
Stevens Mark A Director September 18, 2026 Sell 10,000 $220.42 $2.2M
Stevens Mark A Director September 18, 2026 Sell 1,356,000 $219.72 $298M
Kress Colette EVP & Chief Financial Officer September 17, 2026 Sell pre-set plan 9,868 $219.59 $2.2M
Kress Colette EVP & Chief Financial Officer September 17, 2026 Sell pre-set plan 20,369 $219.02 $4.5M
Kress Colette EVP & Chief Financial Officer September 17, 2026 Sell pre-set plan 4,681 $218.01 $1M
Stevens Mark A Director September 4, 2026 Sell 4,611 $234.00 $1.1M
Stevens Mark A Director September 4, 2026 Sell 182,628 $233.46 $42.6M
Stevens Mark A Director September 4, 2026 Sell 237,820 $231.17 $55M
Stevens Mark A Director September 4, 2026 Sell 197,180 $230.40 $45.4M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 378 trades and filings

In the last 12 months, 13 members of Congress disclosed 17 purchases and 19 sales of NVIDIA Corporation shares.

  • Pete Sessions(R-TX 17):Sale (full), $15,001 - $50,000, traded October 2, 2026, filed October 27, 2026
  • Cleo Fields(D-LA 6):Purchase, $1,001 - $15,000, traded October 1, 2026, filed October 22, 2026
  • Cleo Fields(D-LA 6):Purchase, $1,001 - $15,000, traded October 1, 2026, filed October 22, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 25, 2026 estimated from the company's past filing pattern, not announced

  • August 26, 2026
  • May 20, 2026
  • February 25, 2026
  • November 19, 2025
  • August 27, 2025
  • May 28, 2025

Recent SEC filings

Data status

When each part of this page on NVIDIA Corporation was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

NVIDIA Corporation in brief

What does NVIDIA Corporation do?
NVIDIA designs GPUs and accelerated-computing platforms for data centres, AI training and inference, gaming and professional visualisation.
What is NVIDIA Corporation's stock ticker?
NVIDIA Corporation trades under the ticker NVDA on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is NVIDIA Corporation's revenue, and how fast is it growing?
Over its most recent trailing twelve months, NVIDIA Corporation reported revenue of $303B, 83.4% higher than a year earlier, according to its SEC filings.
What is NVIDIA Corporation's free cash flow?
NVIDIA Corporation's free-cash-flow margin is 41.9% of revenue over the trailing twelve months, ranking 5 of the 75 semiconductor companies we cover.
What is NVIDIA Corporation's fair value (intrinsic value) per share?
Our discounted-cash-flow model of NVIDIA Corporation's free cash flow after stock-based pay gives ~$320 per share in the base case, and ~$250–$410 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are NVIDIA Corporation's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and FMR LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is NVIDIA Corporation buying back stock, and does it pay a dividend?
NVIDIA Corporation spent $55.3B on share repurchases over the trailing twelve months, and its diluted share count fell 1.0% over the year.
What is NVIDIA Corporation's market cap?
On November 2, 2026, NVIDIA Corporation's market capitalisation was about $4.9T, with a price-to-earnings ratio of 25.6 and net debt of $10.9B. Market figures come from third-party market data and may be delayed.
Does NVIDIA Corporation pay a dividend?
Yes: NVIDIA Corporation paid $6.7B in dividends over the trailing twelve months, a dividend yield of 0.14% and a payout ratio of 3.5%.
How much debt does NVIDIA Corporation have?
NVIDIA Corporation's debt-to-equity ratio is 14.6%, from its latest balance sheet (41.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are NVIDIA Corporation's competitors?
In our Semiconductors peer group, the companies closest to NVIDIA Corporation are Micron Technology, Taiwan Semiconductor Manufacturing Co LTD, Broadcom, Intel and Qualcomm. The side-by-side comparison below sets their revenue, margins and growth against NVIDIA Corporation's.
Are insiders buying or selling NVIDIA Corporation stock?
Over the last 12 months, NVIDIA Corporation's directors and officers reported 0 open-market purchases and 187 sales on Form 4. The insider trading page charts every trade.
When is NVIDIA Corporation's next earnings date?
Around November 17, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — NVIDIA Corporation announces its own schedule.