$216.47
-0.62
(-0.29%)
As of Oct 21, 2026, 3:36 AM EDT
Price history
Today's analyst average
Analyst average over timeIndividual analyst targets
Analyst history starts Jul 15, 2026, the first target we tracked for NVDA.
Key facts
- 52-week range (closes)
- $165.17 – $239.24 Lowest close Mar 30, 2026, highest Oct 6, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
- Fiscal year ends
- January Fiscal 2026 ended Jan 25, 2026, from SEC filings
- In the S&P 500 since
- Nov 30, 2001 · All S&P 500 changes
- In the Nasdaq-100 since
- before 2007 · All Nasdaq-100 changes
- In the Dow since
- Nov 8, 2024, replacing Intel (INTC) and Dow Inc. (DOW) · All Dow changes
- Analyst coverage
- 18 open price targets from 15 firms: Raymond James, Rosenblatt Securities, UBS, Bank of America, Benchmark, BMO Capital Markets, Cantor Fitzgerald, Goldman Sachs, KeyBanc Capital Markets, Melius Research, Mizuho, Morgan Stanley, Stifel, TD Cowen, Truist Securities Approved targets tracked here; see the analyst section below
Nvidia (NVDA) is trading down at $216.47 (-0.29%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
Analyst price targets on NVDA
Current price targets from 15 firms average $342, median $335, ranging from $275 to $515 — the average is 58% above the current $216. Each is tracked to its date and scored the same way a member's call is.
- Truist Securities $228 → $346 by Aug 2027 Aug 27, 2026 via Investing.com · Truist Securities's track record
- UBS $228 → $300 by Aug 2027 Aug 27, 2026 via Investing.com · UBS's track record
- Raymond James $228 → $515 by Aug 2027 Aug 27, 2026 via Investing.com · Raymond James's track record
- Rosenblatt Securities $228 → $390 by Aug 2027 Aug 27, 2026 via Investing.com · Rosenblatt Securities's track record
- Goldman Sachs $228 → $300 by Aug 2027 Aug 27, 2026 via Investing.com · Goldman Sachs's track record
- Mizuho $228 → $315 by Aug 2027 Aug 27, 2026 via Investing.com · Mizuho's track record
- Melius Research $228 → $420 by Aug 2027 Aug 27, 2026 via Investing.com · Melius Research's track record
- Raymond James $213 → $352 by Aug 2027 Aug 25, 2026 via MarketBeat · Raymond James's track record
- KeyBanc Capital Markets $208 → $330 by Aug 2027 Aug 24, 2026 via MarketBeat · KeyBanc Capital Markets's track record
- Cantor Fitzgerald $208 → $350 by Aug 2027 Aug 24, 2026 via MarketBeat · Cantor Fitzgerald's track record
- Rosenblatt Securities $208 → $325 by Aug 2027 Aug 24, 2026 via Investing.com UK · Rosenblatt Securities's track record
- Benchmark $215 → $335 by Aug 2027 Aug 21, 2026 via Investing.com · Benchmark's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
Nvidia revenue & net income history (FY2017–FY2026)
RevenueNet incomeNet margin (right axis, %)
| FY2017Jan 2017 | FY2018Jan 2018 | FY2019Jan 2019 | FY2020Jan 2020 | FY2021Jan 2021 | FY2022Jan 2022 | FY2023Jan 2023 | FY2024Jan 2024 | FY2025Jan 2025 | FY2026Jan 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $6.91B | $9.71B | $11.7B | $10.9B | $16.7B | $26.9B | $27.0B | $60.9B | $130.5B | $215.9B |
| Growth (year over year) | +37.9% | +40.6% | +20.6% | −6.8% | +52.7% | +61.4% | +0.2% | +125.9% | +114.2% | +65.5% |
| Gross profit | $4.06B | $5.82B | $7.17B | $6.77B | $10.4B | $17.5B | $15.4B | $44.3B | $97.9B | $153.5B |
| Gross margin | 58.8% | 59.9% | 61.2% | 62.0% | 62.3% | 64.9% | 56.9% | 72.7% | 75.0% | 71.1% |
| Operating income | $1.93B | $3.21B | $3.80B | $2.85B | $4.53B | $10.0B | $4.22B | $33.0B | $81.5B | $130.4B |
| Operating margin | 28.0% | 33.0% | 32.5% | 26.1% | 27.2% | 37.3% | 15.7% | 54.1% | 62.4% | 60.4% |
| Net income | $1.67B | $3.05B | $4.14B | $2.80B | $4.33B | $9.75B | $4.37B | $29.8B | $72.9B | $120.1B |
| Net margin | 24.1% | 31.4% | 35.3% | 25.6% | 26.0% | 36.2% | 16.2% | 48.8% | 55.8% | 55.6% |
| EPS (diluted) | $0.06 | $0.12 | $0.17 | $0.11 | $0.17 | $0.39 | $0.17 | $1.19 | $2.94 | $4.90 |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.77B | $4.00B | $782.0M | $10.9B | $847.0M | $1.99B | $3.39B | $7.28B | $8.59B | $10.6B |
| Total assets | $9.84B | $11.2B | $13.3B | $17.3B | $28.8B | $44.2B | $41.2B | $65.7B | $111.6B | $206.8B |
| Total liabilities | $4.05B | $3.77B | $3.95B | $5.11B | $11.9B | $17.6B | $19.1B | $22.8B | $32.3B | $49.5B |
| Long-term debt | $1.98B | $1.99B | $1.99B | $1.99B | $5.96B | $10.9B | $9.70B | $8.46B | $8.46B | $7.47B |
| Shareholders' equity | $5.76B | $7.47B | $9.34B | $12.2B | $16.9B | $26.6B | $22.1B | $43.0B | $79.3B | $157.3B |
| Cash flow | ||||||||||
| Operating cash flow | $1.67B | $3.50B | $3.74B | $4.76B | $5.82B | $9.11B | $5.64B | $28.1B | $64.1B | $102.7B |
| Capital expenditure | — | — | — | — | — | $976.0M | $1.83B | $1.07B | $3.24B | $6.04B |
| Free cash flow | — | — | — | — | — | $8.13B | $3.81B | $27.0B | $60.9B | $96.7B |
| Dividends paid | $261.0M | $341.0M | $371.0M | $390.0M | $395.0M | $399.0M | $398.0M | $395.0M | $834.0M | $974.0M |
| Share buybacks | $739.0M | $909.0M | $1.58B | $0 | $0 | $0 | $10.0B | $9.53B | $33.7B | $40.1B |
RevenueNet incomeNet margin (right axis, %)
| Q3 FY25Oct 2024 | Q4 FY25†Jan 2025 | Q1 FY26Apr 2025 | Q2 FY26Jul 2025 | Q3 FY26Oct 2025 | Q4 FY26†Jan 2026 | Q1 FY27Apr 2026 | Q2 FY27Jul 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $35.1B | $39.3B | $44.1B | $46.7B | $57.0B | $68.1B | $81.6B | $96.2B |
| Growth (year over year) | +93.6% | +77.9% | +69.2% | +55.6% | +62.5% | +73.2% | +85.2% | +105.9% |
| Gross profit | $26.2B | $28.7B | $26.7B | $33.9B | $41.8B | $51.1B | $61.2B | $72.1B |
| Gross margin | 74.6% | 73.0% | 60.5% | 72.4% | 73.4% | 75.0% | 74.9% | 75.0% |
| Operating income | $21.9B | $24.0B | $21.6B | $28.4B | $36.0B | $44.3B | $53.5B | $63.7B |
| Operating margin | 62.3% | 61.1% | 49.1% | 60.8% | 63.2% | 65.0% | 65.6% | 66.2% |
| Net income | $19.3B | $22.1B | $18.8B | $26.4B | $31.9B | $43.0B | $58.3B | $59.7B |
| Net margin | 55.0% | 56.2% | 42.6% | 56.5% | 56.0% | 63.1% | 71.5% | 62.0% |
| EPS (diluted) | $0.78 | $0.89 | $0.76 | $1.08 | $1.30 | $1.76 | $2.39 | $2.46 |
| Balance sheet | ||||||||
| Cash and equivalents | $9.11B | $8.59B | $15.2B | $11.6B | $11.5B | $10.6B | $13.2B | $22.4B |
| Total assets | $96.0B | $111.6B | $125.3B | $140.7B | $161.1B | $206.8B | $259.5B | $320.3B |
| Total liabilities | $30.1B | $32.3B | $41.4B | $40.6B | $42.3B | $49.5B | $64.0B | $91.3B |
| Long-term debt | $8.46B | $8.46B | $8.46B | $8.47B | $7.47B | $7.47B | $7.47B | $32.4B |
| Shareholders' equity | $65.9B | $79.3B | $83.8B | $100.1B | $118.9B | $157.3B | $195.5B | $229.0B |
| Cash flow | ||||||||
| Operating cash flow | $17.6B | $16.6B | $27.4B | $15.4B | $23.8B | $36.2B | $50.3B | $24.1B |
| Capital expenditure | $813.0M | $1.08B | $1.23B | $1.90B | $1.64B | $1.28B | $1.76B | $2.68B |
| Free cash flow | $16.8B | $15.6B | $26.2B | $13.5B | $22.1B | $34.9B | $48.6B | $21.4B |
| Dividends paid | $245.0M | $245.0M | $244.0M | $244.0M | $244.0M | $242.0M | $243.0M | $6.00B |
| Share buybacks | $11.0B | $7.81B | $14.1B | $9.72B | $12.5B | $3.81B | $19.3B | $19.7B |
From Nvidia's 10-K and 10-Q filings with the SEC; its fiscal year ends in January. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Nvidia vs the Information Technology sector and the S&P 500
Nvidia's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Nvidia | Information Technology (75 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +65.5% | +13.7% | +7.0% |
| Net margin, latest fiscal year | 55.6% | 16.5% | 12.9% |
| Dividend per share, latest fiscal year | $0.04 | $2.00 | $2.40 |
| Share price change, 1 year | +19.5% | +12.3% | +6.6% |
Nvidia: fiscal year ended January 2026, from its 10-K and 10-Q filings with the SEC. Medians computed October 21, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Nvidia included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 21, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 35/349, 1-year price change 67/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 35 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
About Nvidia
Nvidia Corporation is an American multinational technology company headquartered in Santa Clara, California. The company develops graphics processing units (GPUs), systems on chips (SoCs), and application programming interfaces (APIs) for data science, high-performance computing, artificial intelligence (AI), and mobile and automotive applications. Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, Nvidia has been widely described as a Big Tech company.
- Headquarters
- Santa Clara, California From SEC filings, Oct 2026
Company profile
NVIDIA Corporation designs accelerated computing platforms: GPUs, CPUs, networking, systems and software, including the CUDA development platform that runs on all of its GPUs. In its Form 10-K for fiscal year 2026, Nvidia describes itself as a data center scale AI infrastructure company. Its customers include cloud service providers, AI model makers, enterprises, startups and public sector entities, and its GeForce GPUs serve gamers and PC users. It is fabless: foundries such as TSMC and Samsung make its wafers, and contract manufacturers assemble, test and package its products. Nvidia was incorporated in California in April 1993, reincorporated in Delaware in April 1998, and is headquartered in Santa Clara, California.
Nvidia's fiscal year is a 52- or 53-week year ending on the last Sunday in January, and it is named for the calendar year in which it ends: fiscal year 2026 ended on January 25, 2026, and fiscal year 2027 will be a 53-week year. Nvidia reports two segments, Compute & Networking and Graphics. In fiscal year 2026 it also reported revenue by end market: Data Center, Gaming, Professional Visualization, Automotive, and OEM and Other.
From the first quarter of fiscal year 2027, Nvidia changed how it presents revenue by market platform to two platforms: Data Center, split into Hyperscale and AI Clouds, Industrial, & Enterprise (ACIE), and Edge Computing, which covers PCs, game consoles, workstations, AI-RAN base stations, robotics and automotive. Its two reportable segments did not change.
In its Form 10-Q for the quarter ended July 26, 2026, Nvidia said its next-generation Data Center architecture, Vera Rubin, began production shipments in the third quarter of fiscal year 2027. In August 2026 it entered into guarantees, capped at $105 billion in aggregate for its initial commitment, supporting leases at SB Energy's PORTS Technology Campus in Pike County, Ohio, where an affiliate of OpenAI is the tenant. On September 2, 2026 it agreed to acquire Hugging Face, Inc. for a purchase price of approximately $11.9 billion, subject to adjustments; the deal is expected to close in the first half of 2027, subject to closing conditions including regulatory approvals.
$215,938 million1
Revenue, fiscal year 2026 (year ended January 25, 2026)
$120,067 million1
Net income, fiscal year 2026
$4.901
Diluted net income per share, fiscal year 2026
$193,737 million1
Data Center revenue, fiscal year 2026
71.1%1
Gross margin, fiscal year 2026
282 million shares for $40.4 billion1
Common stock repurchased in fiscal year 2026
approximately 42,000 in 38 countries1
Employees, end of fiscal year 2026
$96,221 million3
Revenue, three months ended July 26, 2026
$59,688 million3
Net income, three months ended July 26, 2026
$89,023 million3
Data Center revenue, three months ended July 26, 2026
$0.25 per share (from $0.01)3
Quarterly cash dividend, raised on May 18, 2026
Revenue by fiscal year, as reported in 10-K
| Fiscal year | Revenue (as reported in 10-K) | Reported as | Filed |
|---|---|---|---|
| 2023 | $26,974 million6 | Form 10-K for fiscal year 2023 (year ended January 29, 2023), revenue | Feb 24, 2023 |
| 2024 | $60,922 million7 | Form 10-K for fiscal year 2024 (year ended January 28, 2024), revenue | Feb 21, 2024 |
| 2025 | $130,497 million8 | Form 10-K for fiscal year 2025 (year ended January 26, 2025), revenue | Feb 26, 2025 |
| 2026 | $215,938 million1 | Form 10-K for fiscal year 2026 (year ended January 25, 2026), revenue | Feb 25, 2026 |
Products
Data Center
| Name | Released | What it is |
|---|---|---|
| Data Center accelerated computing platforms | — | GPU-based platforms for compute-intensive workloads such as AI, data processing, graphics, robotics and scientific computing, usually delivered as rack-scale systems, subsystems or modules with software and services, for cloud, hyperscale, on-premises and edge data centers.1 |
| Blackwell architecture | — | A full set of data center scale infrastructure that Nvidia says it launched in 2024 (fiscal year 2025), including a liquid-cooled rack design connecting 36 Grace CPUs and 72 Blackwell GPUs.1 |
| Blackwell Ultra (GB300 NVL72 and HGX B300 NVL16) | — | Announced on March 18, 2025 as the next version of the Blackwell AI factory platform. GB300 NVL72 is a rack-scale system with 72 Blackwell Ultra GPUs and 36 Grace CPUs. Nvidia said partner products were expected from the second half of 2025.9 |
| Rubin platform (Vera Rubin NVL72 and HGX Rubin NVL8) | — | Announced on January 5, 2026: six chips (Vera CPU, Rubin GPU, NVLink 6 Switch, ConnectX-9 SuperNIC, BlueField-4 DPU and Spectrum-6 Ethernet Switch) designed to work together. Nvidia said Rubin-based products would be available from partners in the second half of 2026.10 |
| Grace CPU | — | Nvidia's first data center CPU, which it says it introduced in 2023, built for giant-scale AI and high-performance computing.1 |
| NVLink interconnects and switches | — | Interconnects and switches that link Nvidia's GPUs and CPUs; Nvidia co-designs its systems across the GPU, CPU, NVLink switch, DPU, NIC and scale-out networking.1 |
| InfiniBand and Ethernet networking | — | End-to-end InfiniBand and Ethernet platforms, including adapters, cables, data processing units (DPUs), switch chips and systems, with related software. Nvidia says its 2020 acquisition of Mellanox expanded its offerings to include networking.1 |
| NVLink Fusion | — | Silicon unveiled on May 18, 2025 that lets companies connect their own custom CPUs and AI chips to Nvidia's NVLink ecosystem to build semi-custom AI infrastructure.11 |
| CUDA and CUDA-X | — | CUDA is Nvidia's foundational development platform, which runs on all Nvidia GPUs; CUDA-X is its collection of acceleration libraries.1 |
| NVIDIA AI Enterprise | — | A software suite for developing and deploying production-grade generative AI applications, which Nvidia calls essentially an operating system for enterprise AI applications. Nvidia sells paid licenses to it.1 |
| NVIDIA NIM | — | Part of NVIDIA AI Enterprise: software for running open and proprietary AI models, which Nvidia says increases token throughput.1 |
| NVIDIA NeMo | — | Part of NVIDIA AI Enterprise: tools for curating data and for fine-tuning, reinforcement learning, evaluating and safeguarding domain-adapted AI models.1 |
| NVIDIA Dynamo | — | Open-source AI inference-serving software announced on March 18, 2025, which coordinates inference across many GPUs and can run the processing and generation phases of large language models on different GPUs.9 |
| AI Blueprints | — | Pre-built, runnable templates that help enterprises build, optimize and deploy AI agents.1 |
| Nemotron | — | Nvidia's open AI model platform for agentic AI, one of the open model platforms whose release cadence Nvidia says it has accelerated.1 |
| Cosmos | Jan 6, 2025 | A platform of generative world foundation models, tokenizers, guardrails and a video processing pipeline for developing physical AI such as robots and autonomous vehicles. Nvidia said on January 6, 2025 that the models were available under its open model license.12 |
Gaming
| Name | Released | What it is |
|---|---|---|
| GeForce RTX GPUs | — | GPUs for gaming desktop and laptop PCs, with real-time ray tracing and Tensor Cores for on-device AI applications.1 |
| GeForce RTX 50 Series | Jan 30, 2025 | Desktop GPUs based on the Blackwell RTX architecture. Nvidia announced on January 30, 2025 that the GeForce RTX 5090 and GeForce RTX 5080 desktop GPUs were out now.13 |
| DLSS | — | Nvidia's AI technology that boosts frame rates while generating high-quality images in games.1 |
| GeForce NOW | — | Nvidia's cloud gaming service. Nvidia says it launched and scaled the Blackwell architecture for gaming and GeForce NOW in fiscal year 2026.1 |
| Game console SoCs and development services | — | Systems-on-a-chip and development services that Nvidia provides for game consoles.1 |
Professional Visualization
| Name | Released | What it is |
|---|---|---|
| Quadro/NVIDIA RTX workstation GPUs | — | GPUs for enterprise workstation graphics, used for design, engineering and digital content creation. Nvidia works with independent software vendors to optimize their applications for its GPUs.1 |
| RTX PRO Blackwell series | — | Workstation and server GPUs announced on March 18, 2025: the RTX PRO 6000 Blackwell Server Edition for data centers, RTX PRO 6000, 5000, 4500 and 4000 Blackwell desktop GPUs, and RTX PRO 5000 to 500 Blackwell laptop GPUs.14 |
| Omniverse | — | Real-time 3D design collaboration and virtual world simulation software; Nvidia also names Omniverse among its software stacks for physical AI applications.1 |
| DGX Spark | Oct 2025 | A desktop AI computer built on the GB10 Grace Blackwell Superchip, for developers to run and fine-tune large AI models locally. Nvidia announced on October 13, 2025 that it could be ordered on NVIDIA.com starting October 15.15 |
Automotive
| Name | Released | What it is |
|---|---|---|
| DRIVE Hyperion | — | Nvidia's full-stack, end-to-end platform for automated driving from the cloud to the car, including development infrastructure, DRIVE AGX in-vehicle computing, the DRIVE OS operating system, a reference sensor set and DRIVE software.1 |
| DRIVE AGX and DRIVE OS | — | DRIVE AGX is Nvidia's high-performance, energy-efficient in-vehicle computing hardware; it runs DRIVE OS, Nvidia's in-vehicle operating system.1 |
| DRIVE software platform | — | An open, modular software platform for autonomous driving, mapping, parking services and intelligent in-vehicle experiences.1 |
| Alpamayo | Jan 5, 2026 | A family of open AI models, simulation tools and datasets for reasoning-based autonomous vehicle development. Nvidia said on January 5, 2026 that Alpamayo 1, a reasoning model of about 10 billion parameters, was on Hugging Face.16 |
Segments and products
- Compute & Networking: Reportable segment covering Data Center accelerated computing and networking platforms, AI solutions and software, and Automotive platforms and autonomous and electric vehicle solutions. Segment revenue was $193,479 million and segment operating income was $130,141 million in fiscal year 2026.1
- Graphics: Reportable segment covering GeForce GPUs for gaming and PCs, and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Segment revenue was $22,459 million and segment operating income was $9,156 million in fiscal year 2026.1
- Segments, quarter ended July 26, 2026: In the second quarter of fiscal year 2027, Compute & Networking revenue was $88,299 million and Graphics revenue was $7,922 million, with segment operating income of $62,696 million and $3,899 million.3
- Data Center (end market, fiscal year 2026): An end market, not a reportable segment: data center compute and networking platforms sold to cloud providers, AI model makers, enterprises and others. Data Center revenue was $193,737 million in fiscal year 2026, of which compute was $162,361 million and networking was $31,376 million.1
- Gaming, Professional Visualization, Automotive, OEM and Other (end markets, fiscal year 2026): End markets, not reportable segments. In fiscal year 2026, Gaming revenue was $16,042 million, Professional Visualization $3,191 million, Automotive $2,349 million, and OEM and Other $619 million.1
- Market platforms from fiscal year 2027: Not reportable segments. From the first quarter of fiscal year 2027, Nvidia reports revenue by two market platforms. In the quarter ended July 26, 2026, Data Center revenue was $89,023 million, made up of Hyperscale at $48,710 million and AI Clouds, Industrial, & Enterprise at $40,313 million, and Edge Computing revenue was $7,198 million.3
Risks
- Export controls: Nvidia says it has faced a series of shifting and expanding U.S. export controls since August 2022 that limit its ability to serve customers outside the United States. After the U.S. government required a license in April 2025 to export its H20 chips to China, it recorded a $4.5 billion charge for H20 excess inventory and purchase obligations in the first quarter of fiscal year 2026.1
- China sales under H200 licenses: Nvidia says the U.S. government licensed small amounts of H200 products for specific China-based customers, but the Chinese government restricted those sales. It recorded a $0.4 billion H200 inventory and purchase obligation charge in the first half of fiscal year 2027, and licensed H200 shipments are subject to a 25% U.S. tariff that it says it has not been able to pass on to customers.3
- Competition: Nvidia describes its markets as intensely competitive. Competitors include chip makers such as AMD, Huawei and Intel, and large cloud companies such as Alphabet, Amazon and Microsoft that design their own AI hardware. It says rival products may be cheaper or offer better features, which has led and may lead to lower prices or demand.1
- Matching supply to demand: Nvidia builds products and holds inventory ahead of expected demand, with manufacturing lead times that have exceeded 12 months. It says mismatches between supply and demand have caused both product shortages and excess inventory, and that it may not be able to reduce supply commitments in time if demand is lower than expected.1
- Supply and capacity commitments: Nvidia says it increased its supply and capacity commitments from $119 billion at the end of the prior quarter to $279 billion as of July 26, 2026, to meet future demand. These commitments require substantial payments over many years, and it says it may be unable to reduce them if demand or its plans differ from its expectations.3
- Reliance on suppliers in Asia: Nvidia does not make its own chips. It relies on foundries such as TSMC and Samsung, memory from SK Hynix, Micron and Samsung, and contract manufacturers such as Hon Hai, Wistron and Fabrinet, with its supply chain mainly concentrated in Asia. It says this reduces its control over supply, quality, yields and delivery.1
- Customer concentration: A small number of customers provide much of Nvidia's revenue. In fiscal year 2026, one direct customer accounted for 22% of total revenue and another for 14%. Most sales are on purchase orders that customers can generally cancel, change or delay with little notice.1
- Guarantees and other commercial arrangements: To support customers' AI infrastructure buildouts, Nvidia has entered into guarantees, financing arrangements and data center leases, including the SB Energy guarantees for leases with OpenAI as tenant, and agreements with AI clouds under which it may have to buy unsold capacity. It says customers or partners may fail to meet their obligations, and that it may have to make substantial payments or carry lease costs for long periods.3
- Data center power and capital: Nvidia says the availability of data centers, energy and capital for its customers' AI buildouts is crucial, and that shortages could delay deployments, reduce adoption and affect its future revenue.1
- Fluctuating results and share price: Nvidia says its operating results have fluctuated and may continue to, that past results should not be relied on as a guide to future performance, and that its stock price could decline if results fall below the expectations of analysts or investors.1
Frequently asked questions
- What does Nvidia do?
- According to its Form 10-K for fiscal year 2026, Nvidia designs accelerated computing platforms, including GPUs, CPUs, networking, systems and software such as CUDA, used mainly in data centers for AI, as well as GeForce GPUs for gaming and PCs, RTX GPUs for workstations, and automotive platforms. It outsources manufacturing to foundries and contract manufacturers.
- What was Nvidia's revenue in fiscal year 2026?
- Nvidia reported revenue of $215,938 million for fiscal year 2026, the year ended January 25, 2026, in its Form 10-K filed on February 25, 2026. Data Center revenue was $193,737 million of that total.
- When does Nvidia's fiscal year end?
- Nvidia's fiscal year is a 52- or 53-week year ending on the last Sunday in January, named for the calendar year in which it ends. Fiscal year 2026 ended on January 25, 2026. Fiscal year 2027 will be a 53-week year, with a 14-week fourth quarter.
- What segments does Nvidia report?
- Two: Compute & Networking (Data Center platforms and Automotive) and Graphics (GeForce and workstation GPUs). From fiscal year 2027 it also presents revenue by two market platforms, Data Center (Hyperscale and AI Clouds, Industrial, & Enterprise) and Edge Computing.
- What were Nvidia's results for the quarter ended July 26, 2026?
- Nvidia reported revenue of $96,221 million and net income of $59,688 million for the second quarter of fiscal year 2027, the three months ended July 26, 2026, in its Form 10-Q filed on August 26, 2026. Data Center revenue was $89,023 million.
- Is Nvidia acquiring Hugging Face?
- Nvidia said in a Form 8-K filed on September 3, 2026 that it had agreed on September 2, 2026 to acquire Hugging Face, Inc. for a purchase price of approximately $11.9 billion, subject to adjustments, plus an equity-based retention program of up to approximately $1.0 billion. It expects the deal to close in the first half of 2027, subject to closing conditions including regulatory approvals.
- Who is Nvidia's CEO?
- Jen-Hsun Huang, who co-founded Nvidia in 1993 and has been its President, Chief Executive Officer and a director since its inception, according to its Form 10-K for fiscal year 2026.
- Where is Nvidia headquartered?
- Nvidia is headquartered in Santa Clara, California, according to its Form 10-K for fiscal year 2026.
Sources
- NVIDIA Corporation (SEC filing), NVIDIA Corporation Form 10-K for the fiscal year ended January 25, 2026, Feb 25, 2026
- NVIDIA Corporation (SEC filing), NVIDIA Corporation Form 10-Q for the quarterly period ended April 26, 2026, May 20, 2026
- NVIDIA Corporation (SEC filing), NVIDIA Corporation Form 10-Q for the quarterly period ended July 26, 2026, Aug 26, 2026
- NVIDIA Corporation (SEC filing), NVIDIA Corporation Form 8-K, Items 1.01, 2.03 and 7.01: SB Energy residual value guaranties (event date August 17, 2026), Aug 17, 2026
- NVIDIA Corporation (SEC filing), NVIDIA Corporation Form 8-K, Item 8.01: agreement to acquire Hugging Face, Inc. (event date September 2, 2026), Sep 3, 2026
- NVIDIA Corporation (SEC filing), NVIDIA Corporation Form 10-K for the fiscal year ended January 29, 2023, Feb 24, 2023
- NVIDIA Corporation (SEC filing), NVIDIA Corporation Form 10-K for the fiscal year ended January 28, 2024, Feb 21, 2024
- NVIDIA Corporation (SEC filing), NVIDIA Corporation Form 10-K for the fiscal year ended January 26, 2025, Feb 26, 2025
- NVIDIA Corporation (NVIDIA Newsroom), NVIDIA Blackwell Ultra AI Factory Platform Paves Way for Age of AI Reasoning, Mar 18, 2025
- NVIDIA Corporation (NVIDIA Newsroom), NVIDIA Kicks Off the Next Generation of AI With Rubin — Six New Chips, One Incredible AI Supercomputer, Jan 5, 2026
- NVIDIA Corporation (NVIDIA Newsroom), NVIDIA Unveils NVLink Fusion for Industry to Build Semi-Custom AI Infrastructure With NVIDIA Partner Ecosystem, May 18, 2025
- NVIDIA Corporation (NVIDIA Newsroom), NVIDIA Launches Cosmos World Foundation Model Platform to Accelerate Physical AI Development, Jan 6, 2025
- NVIDIA Corporation (GeForce News), GeForce RTX 5090 & GeForce RTX 5080 Out Now, Featuring Game-Changing AI and Neural Rendering Capabilities, and DLSS 4 With Multi Frame Generation, Jan 30, 2025
- NVIDIA Corporation (NVIDIA Newsroom), NVIDIA Blackwell RTX PRO Comes to Workstations and Servers for Designers, Developers, Data Scientists and Creatives to Build and Collaborate With Agentic AI, Mar 18, 2025
- NVIDIA Corporation (NVIDIA Newsroom), NVIDIA DGX Spark Arrives for World's AI Developers, Oct 13, 2025
- NVIDIA Corporation (NVIDIA Newsroom), NVIDIA Announces Alpamayo Family of Open-Source AI Models and Tools to Accelerate Safe, Reasoning-Based Autonomous Vehicle Development, Jan 5, 2026
Figures last checked against the sources above on . General information, not investment advice.
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