Business Description

NVIDIA Corporation is an American multinational technology company that designs and supplies graphics processing units (GPUs), application programming interfaces (APIs), and system on a chip units (SoCs). Headquartered in Santa Clara, California, the company is the dominant supplier of artificial intelligence hardware and software. NVIDIA's chips are foundational to modern AI development, high-performance computing, and the gaming industry.

Financial Statements

In thousands, USD
FY 2026FY 2025FY 2024FY 2023
Total Revenues215,938,000130,497,00060,922,00026,974,000
Cost of Sales62,475,00032,639,00016,621,00011,618,000
Gross Profit153,463,00097,858,00044,301,00015,356,000
Selling, General & Administrative Expenses4,579,0003,491,0002,654,0002,440,000
Research & Development Expenses18,497,00012,914,0008,675,0007,339,000
Other Operating Expenses1,353,000
Operating Profit130,387,00081,453,00032,972,0004,224,000
Interest and Investment Income2,300,0001,786,000866,000267,000
Interest Expense(259,000)(247,000)(257,000)(262,000)
Non-Operating Income9,022,0001,034,000237,000(48,000)
Total Non-Operating Income11,063,0002,573,000846,000(43,000)
Income Before Provision for Income Taxes141,450,00084,026,00033,818,0004,181,000
Provision for Income Taxes21,383,00011,146,0004,058,000(187,000)
Consolidated Net Income120,067,00072,880,00029,760,0004,368,000
Net Income Attributable to Common Shareholders120,067,00072,880,00029,760,0004,368,000
Basic EPS4.932.971.210.18
Diluted EPS4.902.941.190.17
Basic Weighted Average Shares Outstanding24,359,00024,555,00024,690,00024,870,000
Diluted Weighted Average Shares Outstanding24,514,00024,804,00024,940,00025,070,000
Shares Outstanding24,304,00024,477,00024,640,00024,660,000
FY 2026FY 2025FY 2024FY 2023
Cash and Cash Equivalents10,605,0008,589,0007,280,0003,389,000
Short-Term Investments51,951,00034,621,00018,704,0009,907,000
Total Cash and Cash Equivalents62,556,00043,210,00025,984,00013,296,000
Accounts Receivable38,466,00023,065,0009,999,0003,827,000
Total Trade Receivables38,466,00023,065,0009,999,0003,827,000
Inventories21,403,00010,080,0005,282,0005,159,000
Other Current Assets3,180,0003,771,0003,080,000791,000
Total Current Assets125,605,00080,126,00044,345,00023,073,000
Net Property, Plant & Equipment13,250,0008,076,0005,260,0004,845,000
Net Intangible Assets3,306,000807,0001,112,0001,676,000
Goodwill20,832,0005,188,0004,430,0004,372,000
Long-Term Investments22,251,0003,387,000
Other Long-Term Assets21,559,00014,017,00010,581,0007,216,000
Total Assets206,803,000111,601,00065,728,00041,182,000
Accounts Payable9,812,0006,310,0002,699,0001,193,000
Accrued Expenses21,352,00011,737,0006,682,0004,120,000
Short-Term Debt999,0001,250,0001,250,000
Total Current Liabilities32,163,00018,047,00010,631,0006,563,000
Long-Term Debt7,469,0008,463,0008,459,0009,703,000
Leases2,572,0001,519,0001,119,000902,000
Other Long-Term Liabilities7,306,0004,245,0002,541,0001,913,000
Total Long-Term Liabilities17,347,00014,227,00012,119,00012,518,000
Total Liabilities49,510,00032,274,00022,750,00019,081,000
Common Stock24,00024,00025,0002,000
Additional Paid-in Capital10,118,00011,237,00013,109,00011,971,000
Accumulated Other Comprehensive Income178,00028,00027,000(43,000)
Retained Earnings146,973,00068,038,00029,817,00010,171,000
Total Common Shareholders' Equity157,293,00079,327,00042,978,00022,101,000
Total Shareholders' Equity157,293,00079,327,00042,978,00022,101,000
Total Liabilities and Shareholders' Equity206,803,000111,601,00065,728,00041,182,000
FY 2026FY 2025FY 2024FY 2023
Net Income120,067,00072,880,00029,760,0004,368,000
Depreciation & Amortization2,843,0001,864,0001,508,0001,544,000
Share-Based Compensation Expense6,386,0004,737,0003,549,0002,709,000
Other Adjustments(10,629,000)(6,009,000)(3,005,000)(773,000)
Changes in Trade Receivables(15,399,000)(13,063,000)(6,172,000)822,000
Changes in Inventories(11,324,000)(4,781,000)(98,000)(2,554,000)
Changes in Accounts Payable3,096,0003,357,0001,531,000(551,000)
Changes in Accrued Expenses5,257,0004,278,0002,025,0001,341,000
Changes in Other Operating Activities2,421,000826,000(1,008,000)(1,265,000)
Cash from Operating Activities102,718,00064,089,00028,090,0005,641,000
Capital Expenditure(6,042,000)(3,236,000)(1,069,000)(1,833,000)
Purchases of Investments(40,616,000)(26,575,000)(18,211,000)(11,897,000)
Proceeds from Sale of Investments26,467,00011,861,0009,783,00021,239,000
Payments for Business Acquisitions(14,535,000)(1,007,000)(83,000)(49,000)
Other Investing Activities(17,502,000)(1,464,000)(986,000)(85,000)
Cash from Investing Activities(52,228,000)(20,421,000)(10,566,000)7,375,000
Repayments of Long-Term Debt(1,250,000)(1,250,000)
Net Issuance / (Repayments) of Long-Term Debt(1,250,000)(1,250,000)
Issuance of Common Shares644,000490,000403,000355,000
Repurchases of Common Shares(40,086,000)(33,706,000)(9,533,000)(10,039,000)
Net Issuance / (Repurchases) of Common Shares(39,442,000)(33,216,000)(9,130,000)(9,684,000)
Common Share Dividends Paid(974,000)(834,000)(395,000)(398,000)
Other Financing Activities(8,058,000)(7,059,000)(2,858,000)(1,535,000)
Cash from Financing Activities(48,474,000)(42,359,000)(13,633,000)(11,617,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash2,016,0001,309,0003,891,0001,399,000

Key Metrics & Ratios

MetricValue
Market Cap$4561.13B
P/E38.30x
P/S21.12x
EV/EBITDA33.85x
Return on Equity101.5%
Return on Invested Capital135.4%
Current Ratio3.91x
Dividend Yield0.0%
Free Cash Flow Margin44.8%

Margins

Gross margin
71.1%
Operating margin
60.4%
Net margin
55.6%

Quarterly Trend

QuarterRevenueYoY growthOperating marginOperating income
Q1 2027 $81.61B +85.2% 65.6% $53.54B
Q4 2026 $68.13B +73.2% 65.0% $44.30B
Q3 2026 $57.01B +62.5% 63.2% $36.01B
Q2 2026 $46.74B +55.6% 60.8% $28.44B
Q1 2026 $44.06B 49.1% $21.64B
Q4 2025 $39.33B 61.1% $24.03B
Q3 2025 $35.08B 62.3% $21.87B
Q2 2025 $30.04B 62.1% $18.64B

More on NVIDIA Corporation

Financial data last updated 2026-07-13. Figures compiled from public company filings.

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