NVIDIA Corporation
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Range $210 – $515
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About the company
NVIDIA Corporation stands as a prominent provider of advanced graphics, computational, and networking solutions, operating across the United States, Taiwan, China, and numerous international markets. Its Graphics division encompasses GeForce GPUs, central to PC gaming and personal computing experiences, along with the GeForce NOW cloud gaming service and its supporting infrastructure, as well as dedicated solutions for various gaming platforms. For professional visualization, it provides Quadro and NVIDIA RTX GPUs for enterprise workstations, further offering vGPU software designed for cloud-centric visual and virtual computing, automotive platforms for in-vehicle infotainment, and the Omniverse software suite, facilitating 3D design and virtual world creation.
- CEO
- Jensen Huang
- IPO
- 1999
- Employees
- 42,000
- HQ
- Santa Clara, CA, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $5.08T
- P/E
- 26.54
- Fwd P/E
- 22.72
- PEG
- 0.21
- P/S
- 16.78
- P/B
- 22.29
- EV/EBITDA
- 21.81
- Div Yield
- 0.25%
- Gross Margin
- 74.67%
- Op Margin
- 65.21%
- Net Margin
- 63.66%
- ROE
- 110.11%
- ROIC
- 59.50%
Latest fiscal year · YoY change
- Revenue
- $215.94B+65.5%
- Gross Profit
- $153.46B+56.8%
- Op Income
- $130.39B
- Net Income
- $120.07B+64.7%
- EPS
- $4.93+66.0%
- OCF Growth
- +60.3%
- FCF Growth
- +58.9%
- 52W High
- $243.37
- 52W Low
- $164.27
- 50D MA
- $222.48
- 200D MA
- $203.67
- Beta
- 2.22
- RSI (14)
- 39
- Avg Volume
- 117.11M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
NVIDIA reported a record quarter with revenue more than doubling year over year, strong data center demand across hyperscalers and emerging AI customers, and raised its outlook for roughly 70% revenue growth in fiscal 2028 despite supply constraints and margin pressure from memory costs.· August 26, 2026
- Q2 revenue hit $96 billion, more than doubled year over year, with record operating income and EPS.
- Data center revenue reached $89 billion, up 18% sequentially; hyperscale was $49 billion and ACIE was $40 billion.
- Management said fiscal 2028 revenue is expected to grow about 70% year over year, but supply remains the bottleneck.
- Gross margin was 75% in Q2, but NVIDIA reset margin expectations lower because memory costs are rising sharply.
- NVIDIA highlighted major AWS expansion, stronger networking, and growing demand from sovereign, enterprise, NeoCloud, and frontier AI customers.
Total revenue was $96 billion, more than doubling year over year, and management said Q2 also set records for operating income and EPS, though specific EPS and operating income figures were not stated on the call. Data center revenue was $89 billion, up 18% sequentially; hyperscale revenue was $49 billion, up 13% sequentially; and ACIE revenue was $40 billion, up 25% sequentially and 138% year over year. GAAP and non-GAAP gross margin were both 75%; GAAP and non-GAAP operating expenses rose 10% and 11% sequentially; inventory increased to $32 billion; DSOs rose to 60 days; and NVIDIA returned a record $26 billion to shareholders, including $20 billion of buybacks and $6 billion of dividends. For Q3, revenue is guided to $108 billion, plus or minus 2%, with GAAP and non-GAAP gross margin guided to 74% plus or minus 50 basis points and operating expenses of about $9.2 billion and $9.0 billion, respectively. Fiscal 2028 revenue is expected to grow approximately 70% year over year, with supply expected to remain a bottleneck through at least the end of fiscal 2028; margin guidance was reset to 71% to 72% in Q4 before improving to 72% to 73% in fiscal 2028.
Jensen Huang framed the quarter as evidence that AI demand is broadening beyond hyperscalers into sovereigns, enterprises, NeoClouds, and frontier labs, with agentic AI increasing compute intensity. He emphasized NVIDIA’s advantage as a full-stack AI factory platform that can run every model across the AI lifecycle, and said the company is seeing acceleration in demand even at very large scale. His tone was highly confident and expansive, but he repeatedly stressed that growth is limited by supply, not demand.
Colette Kress said Q2 was an “outstanding quarter” with record revenue, operating income, and EPS, and she quantified revenue at $96 billion with 75% gross margin. She pointed to strong data center growth, AWS partnership expansion, and ACIE momentum, while noting inventory rose to $32 billion ahead of Vera Rubin and DSOs increased to 60 days because of extended payment terms for certain investment-grade customers. She also said NVIDIA returned $26 billion to shareholders in Q2, was at 60% of free cash flow returned year to date versus its 50%+ target, and now expects to increase excess free cash flow returns net of strategic uses. On margins, she warned that memory scarcity is worsening, Q3 gross margin is expected at 74% plus or minus 50 basis points, margins may bottom in the 71% to 72% range in Q4, and then recover to 72% to 73% in fiscal 2028 as price increases take effect.
Analysts focused on whether NVIDIA’s 70% fiscal 2028 growth guide implies demand far above supply, what the main bottlenecks are, and whether margin pressure from memory can be offset. Jensen said unconstrained demand would be “significant” or “a lot higher,” but the company can only confidently guide to what its supply chain supports; he said the entire supply chain is challenged, with land, power, shells, cooling, labor, memory, and manufacturing all requiring coordination. Questions also probed open-source versus closed models, competition from custom chips at frontier labs, and whether recursive self-improvement/AGI changes demand; management argued both open and closed models are growing on NVIDIA, custom chips do not replace the full-stack platform, and more agentic workflows only increase compute needs. Analysts also asked about the scale of ecosystem investments and financing commitments; Kress said the largest supply commitments are concentrated in the first three years and are essential to ramping Vera Rubin.
The call portrayed demand as still accelerating across hyperscalers, NeoClouds, sovereigns, enterprises, and frontier AI labs, with customers asking for more compute than NVIDIA can currently supply. Management pointed to a larger revenue opportunity per gigawatt with each product generation, the start of Vera Rubin production shipments, and new AWS deployment plans as concrete growth catalysts. NVIDIA also said it has broad visibility into future demand and believes its platform, software ecosystem, and full-stack offerings strengthen its position across both open and closed model ecosystems.
The biggest risks discussed were supply constraints and rising memory costs, which led management to cut margin expectations and warn that supply will stay a bottleneck through at least fiscal 2028. NVIDIA also said China data center compute revenue is excluded from the forward outlook because of ongoing geopolitical uncertainty, and that current Hopper shipments to China are dilutive to gross margin. Analysts raised concerns about circular financing and the scale of balance-sheet support for AI labs, plus the possibility that some customers develop their own chips, but management argued the compute remains durable, fungible, and tied to long-lived customer demand.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 96.0%
- Shares Outstanding
- 24.10B
- Float Shares
- 23.13B
of shares held by institutions
6,483 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for NVDA, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Daniel MeuserHouse · PA09 | Sell | Aug 31, 26 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Sep 4, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Sep 23, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Sell | Aug 18, 26 | Filing → |
| Cory BookerSenate · NJ | Sell | Aug 11, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Jul 17, 26 | Filing → |
| John J. McGuireHouse · VA05 | Buy | Aug 18, 26 | Filing → |
| Sheldon WhitehouseSenate · RI | Sell | Aug 13, 26 | Filing → |
| Sheldon WhitehouseSenate · RI | Sell | Aug 13, 26 | Filing → |
| Tracey MannHouse · KS01 | Sell | Sep 9, 24 | Filing → |
| Tracey MannHouse · KS01 | Buy | Aug 20, 24 | Filing → |
| Michael RulliHouse | Sell | Jul 31, 25 | Filing → |
| Michael RulliHouse | Buy | Jun 25, 26 | Filing → |
| Michael RulliHouse | Buy | Aug 1, 25 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 2.27B | ▲ 43.15M |
| Blackrock, Inc. | 1.94B | ▲ 16.39M |
| Vanguard Capital Management LLC | 1.54B | ▲ 2.27M |
| Fmr LLC | 1.03B | ▲ 32.20M |
| State Street Corp | 1.01B | ▲ 15.90M |
| Geode Capital Management, LLC | 606.22M | ▲ 4.89M |
| Vanguard Portfolio Management LLC | 517.82M | ▲ 7.69M |
| Jpmorgan Chase & Co | 449.40M | ▲ 1.61M |
| Price T Rowe Associates Inc | 369.83M | ▼ 272.91K |
| Morgan Stanley | 356.42M | ▲ 13.47M |
| Invesco Ltd. | 329.59M | ▲ 144.86M |
| Norges Bank | 325.95M | ▲ 325.95M |
Held by 4,267 ETFs
Biggest fund positions in NVDA by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Sep 9, 26 | Parker Nicholas P. | other | 160,418 |
| Oct 7, 26 | COXE TENCH | other | 500,000 |
| Sep 21, 26 | Teter Timothy S. | sell | 12,483 |
| Sep 21, 26 | Teter Timothy S. | sell | 13,478 |
| Sep 21, 26 | Teter Timothy S. | sell | 4,499 |
| Sep 18, 26 | STEVENS MARK A | sell | 1,356,000 |
| Sep 18, 26 | STEVENS MARK A | sell | 10,000 |
| Sep 16, 26 | GAWEL SCOTT | other | 2,932 |
| Sep 16, 26 | Shoquist Debora | other | 35,008 |
| Sep 16, 26 | Teter Timothy S. | other | 35,738 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our NVDA coverage
Recent articles, reports, and earnings notes.

NVIDIA (NVDA): AI Infrastructure Momentum
NVIDIA posted 65% fiscal 2026 revenue growth and continues to dominate AI infrastructure, but valuation and margin pressure call for disciplined entry points. The report supports a Buy rating with strong execution and a rich but still defensible setup.

NVIDIA Corporation (NVDA) rises on strong AI outlook
NVIDIA Corporation (NVDA) rises after fiscal Q2 2027 results as investors focus on stronger AI infrastructure demand and upbeat forward guidance. Despite an EPS miss, hyperscale revenue surged and the market is rewarding the company’s longer growth runway, though valuation and volatility remain elevated.

Nvidia can beat earnings and still lose the AI trade
Nvidia can validate AI demand with a strong earnings report without proving that every AI infrastructure stock deserves the same enthusiasm. The post-earnings test is whether spending is broadening into profitable networking, custom silicon, and foundry suppliers—or remaining concentrated in Nvidia’s ecosystem.
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