NVIDIA CorporationNVDA
NasdaqGS•Technology•Semiconductors
NVIDIA Corporation operates as a data center scale AI infrastructure company. The company operates through two segments, Compute & Networking, and Graphics segments. The Compute & Networking segment provides data center accelerated computing and networking platforms and artificial intelligence solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment offers GeForce GPUs for gaming and PCs; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. The company's products are used in gaming, professional visualization, data center, and automotive markets. The company sells its products to original equipment manufacturers, original device manufacturers, system integrators and distributors, independent software vendors, cloud service providers, add-in board manufacturers, distributors, automotive manufacturers and tier-1 automotive suppliers, and other ecosystem participants worldwide. It has a collaboration with Tech Mahindra Limited to develop artificial intelligence powered telco network operations reasoning agent. The company has a strategic partnership with Lumentum Holdings Inc. to develop optics technologies for AI and data centers. It also has a strategic partnership with Nebius Group N.V. to develop and deploy hyperscale cloud for the artificial intelligence market; and has a strategic partnership with IREN Limited to accelerate deployment of up to 5 gigawatts of infrastructure. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
NVIDIA Corporation (NVDA) reported trailing twelve months revenue of $253.49B as of April 2026, a 70.7% increase year-over-year. Quarterly revenue reached $81.61B, reflecting continued top-line momentum.
NVIDIA Corporation generated $159.61B in TTM net income, with quarterly EBITDA of $54.53B. The operating margin expanded from 49.1% to 65.6%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (65.6%) and net margin (71.5%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 42.6% a year ago, signaling stronger bottom-line efficiency.
NVDA trades at a P/E of 31.7x (a premium multiple) and a P/S of 20.0x. The price-to-book ratio of 25.9x indicates a significant premium over book value.
The company generated $48.59B in free cash flow over the trailing twelve months, a 85.5% increase year-over-year, indicating cash generation ability. The balance sheet shows $259.47B in total assets with $7.47B in long-term debt against $195.47B in stockholders equity for a debt-to-equity ratio of 0.0, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~61.2%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 87.3% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~163.2% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~63.7% — no sign of cost or pricing stress.
FCF covers net income by 0.8x on average — earnings are well-supported by cash generation.
D/E ratio is 0.0 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation