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Designs GPUs and full-stack AI computing systems (chips, networking, software) that train and run AI models in data centers.
Designs GPUs and full-stack AI computing systems (chips, networking, software) that train and run AI models in data centers.
Earns most of its income from data-center systems sold to a small number of large cloud companies, with chips, networking and software bundled so buyers adopt a whole computing platform. It designs but does not manufacture: TSMC makes its chips. Gaming graphics cards, the original business, are now the smaller line.
Moat: wide (scale, network effects, installed base). CUDA software lock-in and sustained AI-chip performance leadership make its accelerators the default AI platform.
Headquarters: Santa Clara, California, US · Founded: 1993 · Employees: 42,000
Size Nvidia (NVDA) is a United States Information Technology company (Semiconductors) with a market value of $4.50T, the 2nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $186.64 on 6 Nov 2026.
Performance Over six months the shares fell 13.2%, against -13.6% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 19 in its peer set.
Growth Revenue grew 83.4% over the last twelve months (peer median +34.9%); the operating margin is 65.2% (peer median 37.2%).
Valuation It trades at 15.5× forward earnings against a peer median of 22.4× (6th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +67%, so the hurdle is -41 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 76.8 points above its cost of capital (15.8% WACC).
Backlog Backlog (remaining performance obligations) was $3.20B at 26 Jul 2026, up 68% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit Nvidia has 13 bonds outstanding ($32.5B), rated AA by the agencies and trading like BBB+ at a weighted spread of 87 bp.
Short interest Short interest is 1.2% of the free float (15 Oct 2026).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $303B | $216B | $130B | $60.9B | $27.0B |
| Revenue growth | — | +65% | +114% | +126% | — |
| Gross profit | $226B | $153B | $97.9B | $44.3B | $15.4B |
| EBITDA | $201B | $133B | $83.3B | $34.5B | $7.12B |
| Net income | $193B | $120B | $72.9B | $29.8B | $4.37B |
| Free cash flow | $127B | $96.7B | $60.9B | $27.0B | $3.81B |
| Capital expenditure | $7.35B | $6.04B | $3.24B | $1.07B | $1.83B |
| Total debt | $38.9B | $11.4B | $10.3B | $11.1B | $12.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nvidia NVDA | $4.50T | -13% | +83% | 65% | 15.5× | 26.3% |
| Advanced Micro Devices AMD | $733B | -1% | +42% | 18% | 30.0× | 60.9% |
| Intel INTC | $299B | -55% | +12% | 11% | 39.9× | 46.1% |
| Broadcom AVGO | $1.40T | -32% | +49% | 49% | 16.9× | 26.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NVDA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.0% | -26.4% | 8th highest of 21 |
| 6-month return | -13.2% | -13.6% | 10th highest of 19 |
| Distance from 52-week high | -23.3% | -47.3% | 4th highest of 21 |
| Revenue growth (TTM) | +83.4% | +34.9% | 8th highest of 21 |
| Operating margin | 65.2% | 37.2% | 4th highest of 21 |
| Forward P/E | 15.5× | 22.4× | 6th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 26.3% | 25.0% | 9th least demanding of 17 |
| Growth delivered (Del g) | +66.9% | +18.7% | highest of 17 |
| Hurdle (Req g minus delivered) | -40.6 pp | +9.7 pp | least demanding of 17 |
| ROIC minus cost of capital | +76.8 pp | +11.0 pp | 4th highest of 21 |
| EV / EBITDA | 22.0× | 25.1× | 7th cheapest of 15 |
| Net debt / EBITDA | -0.3× | -0.1× | 7th least indebted of 16 |
| Bond spread | 87 bp | 78 bp | 6th widest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nvidia NVDA | United States | $4.50T | -13% | +83% | 65% | 15.5× | 26.3% | +66.9% |
| Taiwan Semiconductor Manufactur 2330.TW | Taiwan | $1.67T | -5% | +36% | 58% | 15.0× | 10.1% | +23.3% |
| Broadcom AVGO | United States | $1.40T | -32% | +49% | 49% | 16.9× | 26.6% | +21.7% |
| SamsungElec 005930.KS | South Korea | $886B | -14% | +88% | 46% | 4.0× | -7.2% | +7.1% |
| Micron Technology MU | United States | $781B | -8% | +256% | 75% | 3.9× | 7.1% | +36.9% |
| Advanced Micro Devices AMD | United States | $733B | -1% | +42% | 18% | 30.0× | 60.9% | +28.8% |
| SK hynix 000660.KS | South Korea | $608B | -12% | +220% | 74% | 3.1× | -3.1% | +24.9% |
| ASML ASML.AS | Netherlands | $550B | -6% | +23% | 39% | 31.1× | 28.9% | +18.5% |
| CXMT 688825.SS | China | $411B | n/a | +156% | 13% | n/a | n/a | n/a |
| Intel INTC | United States | $299B | -55% | +12% | 11% | 39.9× | 46.1% | -7.5% |
| Texas Instruments TXN | United States | $253B | -4% | +20% | 41% | 24.6× | 23.3% | +4.1% |
| Arm ARM | United States | $204B | -18% | +25% | 17% | 67.7× | n/a | n/a |
| KLA KLAC | United States | $180B | -26% | +16% | 43% | 22.3× | 23.5% | +14.4% |
| Qualcomm QCOM | United States | $177B | -24% | +2% | 24% | 17.0× | 15.9% | +5.1% |
| Analog Devices ADI | United States | $176B | -13% | +34% | 36% | 22.4× | 27.8% | +14.5% |
| Mediatek 2454.TW | Taiwan | $164B | +7% | +6% | 15% | 24.7× | 40.7% | +13.1% |
| Marvell Technology MRVL | United States | $124B | -17% | +31% | 17% | 25.0× | 54.4% | +22.5% |
| Kioxia 285A.T | Japan | $88.9B | +139% | +265% | 70% | 2.5× | -3.0% | +18.8% |
| Zhongji Innolight 3308.HK | Hong Kong | $80.7B | n/a | +177% | 41% | 16.7× | 27.6% | +39.3% |
| SMIC 0981.HK | Hong Kong | $76.7B | -41% | +20% | 9% | 32.9× | n/a | n/a |
| Cambricon Technologies 688256.SS | China | $75.7B | -30% | +104% | 33% | 87.3× | n/a | n/a |
Nvidia has 13 bonds outstanding with $32.5B face value. The agencies rate it AA; its bonds trade like BBB+. Weighted yield 5.65%, a spread of 87 bp over government bonds.
Nvidia reported $3.20B of remaining performance obligations at 26 Jul 2026, up 68% from a year earlier and up 23% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.