NVIDIA CORP NVDA

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

NVIDIA pioneered accelerated computing to help solve the most challenging computational problems. NVIDIA is now a data center scale AI infrastructure company reshaping all industries.

Our technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits, or SDKs, and application programming interfaces, or APIs. This deep and broad software stack accelerates the performance and facilitates the deployment of NVIDIA accelerated computing for computationally intensive workloads such as artificial intelligence, or AI, model training and inference, data analytics, scientific computing, robotics, and 3D graphics, with vertical-specific optimizations to address industries ranging from healthcare and telecom to automotive and manufacturing.

Last close 210.96 2026-10-23
Market cap $5.08T 2026-07-26 share count
52-week range 164.27 - 243.37

Valuation FY2025 figures against the last close

P/S23.5x
P/E43.1x
P/FCF52.6x
EV/EBITDA38.1x
Dividend yield0.0%
Diluted EPS4.90

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Taiwan
  • China (including Hong Kong)
  • Other
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 149.6B (69.3%) 69% United States Taiwan, FY2025: 42.3B (19.6%) 20% Taiwan China (including Hong Kong), FY2025: 19.7B (9.1%) 9% Other, FY2025: 4.3B (2.0%) FY2024 United States, FY2024: 77.5B (59.4%) 59% Taiwan, FY2024: 23.6B (18.1%) 18% China (including Hong Kong), FY2024: 25B (19.2%) 19% Other, FY2024: 4.4B (3.3%) FY2023 United States, FY2023: 31.5B (51.8%) 52% Taiwan, FY2023: 14.9B (24.5%) 24% China (including Hong Kong), FY2023: 12.3B (20.2%) 20% Other, FY2023: 2.1B (3.5%) 4%
Region FY2025FY2024FY2023
United States $149.62B $77.48B $31.53B
Taiwan $42.34B $23.60B $14.91B
China (including Hong Kong) $19.68B $25.05B $12.33B
Other $4.30B $4.37B $2.15B

As the company reported it, from the “Segment Information - Revenue and Long-lived Assets by Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Compute & Networking
  • Graphics
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Compute & Networking, FY2025: 193.5B (89.6%) 90% Compute & Networking Graphics, FY2025: 22.5B (10.4%) 10% Graphics FY2024 Compute & Networking, FY2024: 116.2B (89.0%) 89% Graphics, FY2024: 14.3B (11.0%) 11% FY2023 Compute & Networking, FY2023: 47.4B (77.8%) 78% Graphics, FY2023: 13.5B (22.2%) 22%
Segment FY2025FY2024FY2023
Compute & Networking $193.48B $116.19B $47.41B
Graphics $22.46B $14.30B $13.52B

As the company reported it, from the “Segment Information - Reportable Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $215.94B$130.50B$60.92B$26.97B$26.91B$16.68B$10.92B$11.72B$9.71B$6.91B
Cost of revenue $62.48B$32.64B$16.62B$11.62B$9.44B$6.28B$4.15B$4.54B$3.89B$2.85B
Gross profit $153.46B$97.86B$44.30B$15.36B$17.48B$10.40B$6.77B$7.17B$5.82B$4.06B
R&D $18.50B$12.91B$8.68B$7.34B$5.27B$3.92B$2.83B$2.38B$1.80B$1.46B
SG&A $4.58B$3.49B$2.65B$2.44B$2.17B$1.94B$1.09B$991.0M$815.0M$663.0M
Total operating expenses $23.08B$16.41B$11.33B$11.13B$7.43B$5.86B$3.92B$3.37B$2.61B$2.13B
Operating income $130.39B$81.45B$32.97B$4.22B$10.04B$4.53B$2.85B$3.80B$3.21B$1.93B
Interest expense $259.0M$247.0M$257.0M$262.0M$236.0M$184.0M$52.0M$58.0M$61.0M$58.0M
Pre-tax income $141.45B$84.03B$33.82B$4.18B$9.94B$4.41B$2.97B$3.90B$3.20B$1.91B
Income tax $21.38B$11.15B$4.06B$187.0M$189.0M$77.0M$174.0M$245.0M$149.0M$239.0M
Net income $120.07B$72.88B$29.76B$4.37B$9.75B$4.33B$2.80B$4.14B$3.05B$1.67B
EPS, basic 4.932.971.210.183.911.761.156.815.093.08
EPS, diluted 4.902.941.190.173.851.731.136.634.822.57
Shares, diluted (wtd. avg.) 24.51B24.80B24.94B25.07B2.54B2.51B2.47B625.0M632.0M649.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $10.61B$8.59B$7.28B$3.39B$1.99B$847.0M$10.90B$782.0M$4.00B$1.77B
Short-term investments —$34.62B$18.70B$9.91B$19.22B$10.71B$1.0M$6.64B$3.11B$5.03B
Receivables $38.47B$23.07B$10.00B$3.83B$4.65B$2.43B$1.66B$1.42B$1.26B$826.0M
Inventory $21.40B$10.08B$5.28B$5.16B$2.60B$1.83B$979.0M$1.57B$796.0M$794.0M
Total current assets $125.61B$80.13B$44.34B$23.07B$28.83B$16.05B$13.69B$10.56B$9.26B$8.54B
Property, plant and equipment $10.38B$6.28B$3.91B$3.81B$2.78B$2.15B$1.67B$1.40B$997.0M$521.0M
Goodwill $20.83B$5.19B$4.43B$4.37B$4.35B$4.19B$618.0M$618.0M$618.0M$618.0M
Other intangibles $3.31B$807.0M$1.11B$1.68B$2.34B$2.74B$49.0M$45.0M$52.0M$104.0M
Total assets $206.80B$111.60B$65.73B$41.18B$44.19B$28.79B$17.32B$13.29B$11.24B$9.84B
Accounts payable $9.81B$6.31B$2.70B$1.19B$1.78B$1.15B$687.0M$511.0M$596.0M$485.0M
Short-term debt $999.0M$0$1.25B$1.25B$0$999.0M$0———
Total current liabilities $32.16B$18.05B$10.63B$6.56B$4.33B$3.92B$1.78B$1.33B$1.15B$1.79B
Long-term debt $7.47B$8.46B$8.46B$9.70B$10.95B$5.96B$1.99B$1.99B$1.99B$1.98B
Total liabilities $49.51B$32.27B$22.75B$19.08B$17.57B$11.90B$5.11B$3.95B$3.77B$4.05B
Retained earnings $146.97B$68.04B$29.82B$10.17B$16.23B$18.91B$14.97B$12.56B$8.79B$6.11B
Total equity $157.29B$79.33B$42.98B$22.10B$26.61B$16.89B$12.20B$9.34B$7.47B$5.76B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $102.72B$64.09B$28.09B$5.64B$9.11B$5.82B$4.76B$3.74B$3.50B$1.67B
Depreciation and amortisation $2.84B$1.86B$1.51B$1.54B$1.17B$1.10B$381.0M$233.0M$144.0M$118.0M
Stock-based compensation $6.39B$4.74B$3.55B$2.71B$2.00B$1.40B$844.0M$557.0M$391.0M$247.0M
Capital expenditure $6.04B$3.24B$1.07B$1.83B$976.0M—————
Investing cash flow -$52.23B-$20.42B-$10.57B$7.38B-$9.83B-$19.68B$6.14B-$4.10B$1.28B-$793.0M
Financing cash flow -$48.47B-$42.36B-$13.63B-$11.62B$1.86B$3.80B-$792.0M-$2.87B-$2.54B$291.0M
Dividends paid $974.0M$834.0M$395.0M$398.0M$399.0M$395.0M$390.0M$371.0M$341.0M$261.0M
Buybacks $40.09B$33.71B$9.53B$10.04B$0$0$0$1.58B$909.0M$739.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001045810-26-000036.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100B 200B 300B Revenue, FY2016: 6.9B Gross profit, FY2016: 4.1B Net income, FY2016: 1.7B Revenue, FY2017: 9.7B Gross profit, FY2017: 5.8B Net income, FY2017: 3B Revenue, FY2018: 11.7B Gross profit, FY2018: 7.2B Net income, FY2018: 4.1B Revenue, FY2019: 10.9B Gross profit, FY2019: 6.8B Net income, FY2019: 2.8B Revenue, FY2020: 16.7B Gross profit, FY2020: 10.4B Net income, FY2020: 4.3B Revenue, FY2021: 26.9B Gross profit, FY2021: 17.5B Net income, FY2021: 9.8B Revenue, FY2022: 27B Gross profit, FY2022: 15.4B Net income, FY2022: 4.4B Revenue, FY2023: 60.9B Gross profit, FY2023: 44.3B Net income, FY2023: 29.8B Revenue, FY2024: 130.5B Gross profit, FY2024: 97.9B Net income, FY2024: 72.9B Revenue, FY2025: 215.9B Gross profit, FY2025: 153.5B Net income, FY2025: 120.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $6.91B $9.71B $11.72B $10.92B $16.68B $26.91B $26.97B $60.92B $130.50B $215.94B
Gross profit $4.06B $5.82B $7.17B $6.77B $10.40B $17.48B $15.36B $44.30B $97.86B $153.46B
Net income $1.67B $3.05B $4.14B $2.80B $4.33B $9.75B $4.37B $29.76B $72.88B $120.07B

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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