Nvidia Corp (NVDA)
Information Technology · Semiconductors · US stock · S&P 500 component
$212.21
▼ -9.76 (4.40%)
Fair valueFair
$223 +4.9% to fair value
$111fair band $189–$270$334
Day's range
$211.26 – $218.88
52-week range
$164.27 – $243.37
Red flags⚠ Borderline Beneish M-score⚠ Borderline Beneish M-score⚠ Borderline Beneish M-score⚠ Borderline Beneish M-score⚠ Borderline Beneish M-score
About Nvidia Corp
Nvidia designs graphics processors and related software and systems. Its chips are used for gaming, professional visualization, automotive systems and, above all, accelerated computing and artificial intelligence in data centers. It does not run its own factories, relying on outside manufacturers. Revenue comes from selling chips, boards, networking equipment and software platforms to cloud providers, businesses and consumers.
Over the last twelve months Nvidia Corp reported revenue of $303.0 billion. Over three years revenue has grown by 100.0% a year. The operating margin is 65.2%. Return on invested capital is 68%. Net debt to EBITDA is 0.1 times. It pays a dividend with a yield of 0.2%. The X-Ray Score is 67 out of 100. Return on invested capital describes how much profit the business earns relative to the money put into it.
Price chart
52-wk range $164.27 – $243.37Volume 124,963,035Daily, split-adjusted
Vitals
Market cap$5.15T
52-week range$164.27 – $243.37
Volume (last day)124,963,035
P/E (TTM)26.9
EBIT / EV yield3.8%
Free-cash-flow yield2.5%
Dividend yield0.2%
Revenue (TTM)$303.0B
Net income (TTM)$192.9B
Operating margin65.2%
Return on capital67.6%
Debt incl. leases$38.9B
Cash & securities$22.4B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$223middle half of models $236 – $263
Fair
+4.9% to fair value
Average of the 13 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so multiples applied to today's profit may overstate value; model uncertainty is set to High
Price $212
Undervalued < $189Fair $189 – $270Overvalued > $270
P/E multiple
$249
P/B multiple
$256
P/S multiple
$245
EV/EBITDA multiple
$269
EV/EBIT multiple
$317
EV/revenue multiple
$236
10-year DCF, EBITDA exit
$245
5-year DCF, EBITDA exit
$278
10-year DCF, revenue exit
$237
5-year DCF, revenue exit
$263
10-year DCF, growth exit
$104
5-year DCF, growth exit
$95
Dividend discount, stable · not used
$9
Dividend discount, multi-stage · not used
$11
Earnings power value
$100
Growth the price implies
35.6%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
54/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield3.8%
Free-cash-flow yield2.5%
Fair value vs price1.0×
Growth
Strong
93/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)100.0%
EPS growth (3y)206.6%
Growth consistency100%
Profitability
Fair
61/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital67.6%
Operating margin65.2%
Gross profitability70.6%
Financial health
Fair
66/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score4 / 9
Net debt / EBITDA0.1×
Interest coverNo interest cost
Dividends
Fair
68/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.2%
Dividends vs free cash flow10%
Dividend growth34.8%
Quarterly results: last 6 quarters
+69.2%
Apr '25
+55.6%
Jul '25
+62.5%
Oct '25
+73.2%
Jan '26
+85.2%
Apr '26
+105.9%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $96.2B, diluted EPS $2.46.
Compare with peers
MU Micron Technology Inc79 FSLR First Solar, Inc.70 AVGO Broadcom Inc.60 MPWR Monolithic Power Syste...58Other Semiconductors companies by X-Ray Score.
SWOT analysis: Nvidia Corp
Strengthsinside the company
- Return on invested capital is 67.6%, against a median of 12.7% for industry peers.
- Operating margin of 65.2% is well above the 26.0% median of industry peers, a sign of pricing power or lower costs.
- Revenue has grown 100.0% a year over three years (median -1.2% for industry peers).
- Earnings per share have compounded at 206.6% a year over three years.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Trades at 26.7x earnings, 38% below the 43.0x median of industry peers.
- Our Market Compass rates the backdrop for Information Technology as favourable.
Threatsvaluation and setting
- Revenue growth slowed to 65.5% last year from 100.0% a year over three years.
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
- Earnings in Semiconductors follow the industry cycle, so margins and profits can swing from year to year.
- Our checks raised: Borderline Beneish M-score; Borderline Beneish M-score.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare NVDA with peers and sector
Medians of 14 Semiconductors peers and of 74 Information Technology stocks in our universe.
Largest peers (X-Ray Score): AVGO 60, MU 79, AMD 48, INTC 17, TXN 44, MRVL 31.
| Metric | NVDA | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 67 | 43 | 50 |
| Valuation | 54 | 31 | 50 |
| Growth | 93 | 31 | 54 |
| Profitability | 61 | 41 | 49 |
| Financial health | 66 | 58 | 49 |
| Dividends | 68 | 52 | 50 |
Sector leaders: highest X-Ray Score in Information Technology
NVDA ranks #7 of 75 in Information Technology and #3 of 15 in Semiconductors by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for NVDA
Each factor is rated by where NVDA stands among the 75 Information Technology stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 13 Good · 3 Average · 7 Bad of 23
Growth: 3 · 0 · 0
Profitability: 5 · 0 · 0
Financial strength: 3 · 0 · 1
Valuation: 0 · 3 · 2
Cash flow: 2 · 0 · 2
Efficiency: 0 · 0 · 2
| Factor | NVDA | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +100.0% | Good beats 98% | +9.7% | – | – |
| Revenue growth, last year | +65.5% | Good beats 94% | +13.7% | +65.5% | ≈ In line |
| EPS growth, 3 years a year | +206.6% | Good beats 97% | +5.9% | – | – |
| Profitability | |||||
| Gross margin | 74.7% | Good beats 79% | 57.8% | 71.1% | ≈ In line |
| Operating margin | 65.2% | Good beats 97% | 20.3% | 54.1% | ▲ Better |
| Net margin | 63.7% | Good beats 97% | 17.8% | 48.8% | ▲ Better |
| Return on invested capital | 67.6% | Good beats 88% | 19.4% | – | – |
| Return on equity | 84.2% | Good beats 91% | 21.0% | 69.2% | ▲ Better |
| Financial strength | |||||
| Net debt / EBITDA | 0.1x | Good beats 70% | 0.8x | -0.4x | ▼ Worse |
| Interest cover | 426.7x | Good beats 98% | 23.0x | 50.0x | ▲ Better |
| Current ratio | 4.59 | Good beats 94% | 1.57 | 4.17 | ▲ Better |
| Piotroski F-score | 4 / 9 | Bad beats 9% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 26.7x | Average beats 65% | 33.6x | 49.8x | ▲ Better |
| Price / book | 22.5x | Bad beats 16% | 8.3x | 32.3x | ▲ Better |
| Price / sales | 17.0x | Bad beats 14% | 6.9x | 23.1x | ▲ Better |
| EV / EBITDA | 25.7x | Average beats 47% | 24.7x | 42.9x | ▲ Better |
| Free cash flow yield | 2.5% | Average beats 35% | 3.4% | 1.7% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 41.9% | Good beats 91% | 22.3% | 44.4% | ≈ In line |
| Cash from operations / net income | 0.70 | Bad beats 5% | 1.39 | 0.93 | ▼ Worse |
| Free cash flow growth, 3 years a year | +193.9% | Good beats 99% | +15.4% | – | – |
| Accruals (lower is better) | +18.3% | Bad beats 3% | −4.4% | – | – |
| Efficiency | |||||
| Inventory turnover | 2.4x | Bad beats 29% | 3.9x | 3.1x | ▼ Worse |
| Days sales outstanding | 76 days | Bad beats 31% | 63 days | 63 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 11 Good · ● 3 Average · ● 2 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreBad
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 72/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $26.9B | $27.0B | $60.9B | $130.5B | $215.9B |
| Operating income | $10.0B | $4.2B | $33.0B | $81.5B | $130.4B |
| Net income | $9.8B | $4.4B | $29.8B | $72.9B | $120.1B |
| Operating cash flow | $9.1B | $5.6B | $28.1B | $64.1B | $102.7B |
| Operating margin | 37.3% | 15.7% | 54.1% | 62.4% | 60.4% |
| Free cash flow | $8.1B | $3.8B | $27.0B | $60.9B | $96.7B |
| Diluted EPS | $3.85 | $0.17 | $1.19 | $2.94 | $4.90 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 1 neutral · 10 bearish
Weekly
Bullish
7 bullish · 1 neutral · 4 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 220.5 | Bearish |
| EMA 10 | 220.1 | Bearish |
| SMA 20 | 226.2 | Bearish |
| EMA 20 | 222.7 | Bearish |
| SMA 50 | 222.7 | Bearish |
| EMA 50 | 221.2 | Bearish |
| SMA 100 | 214.3 | Bearish |
| EMA 100 | 215.7 | Bearish |
| SMA 200 | 203.3 | Bullish |
| EMA 200 | 204.9 | Bullish |
Oscillators (daily)
| RSI (14) | 39.08 | Neutral |
| MACD (12, 26) | -1.98 | Bearish |
| Momentum (12) | -11.30 | Bearish |
| Stochastic %K (14) | 2.96 | Bullish |
| Williams %R (14) | -97.04 | Bullish |
| CCI (20) | -125.4 | Bullish |
Pivot points (classic, last session)
S3 201.7 | S2 206.5 | S1 209.4 | Pivot 214.1 | R1 217.0 | R2 221.7 | R3 224.6 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.52 USD
Yield on today's price
0.25%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.2500 | |
| 0.2500 | |
| 0.0100 | |
| 0.0100 | |
| 0.0100 | |
| 0.0100 | |
| 0.0100 | |
| 0.0100 | |
| 0.0100 | |
| 0.0100 | |
| 0.0400 | |
| 0.0400 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold NVDA
| ETF | Share of the fund |
|---|---|
| SMH VanEck Semiconductor | 17.55% |
| FDG American Century Focused Dynamic Growt... | 17.36% |
| FTEC Fidelity MSCI Information Technology I... | 17.09% |
| VGT Vanguard Information Technology | 16.82% |
| TOPT iShares Top 20 U.S. Stocks | 15.49% |
| FBCG Fidelity Blue Chip Growth | 14.90% |
| XLK Technology Select Sector SPDR | 14.65% |
| TRUT VanEck Technology TruSector | 14.47% |
The eight funds with the largest weight in NVDA among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
NVDA stock splits
NVDA has split its stock 6 times since 2000. The latest was a 10-for-1 split on 10 Jun 2024.
Full NVDA stock split history →NVDA SEC filings
8-KSEC EDGAR
Other events
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Entered a material agreement; Regulation FD disclosure
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Shareholder vote results
8-KSEC EDGAR
Other events
424B5SEC EDGAR
424B5
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.