Latest revenue
$57.01B
as of 2025-10-26
Latest net income
$31.91B
as of 2025-10-26
Net margin
56.0%
as of 2025-10-26
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $5.21T
- Enterprise value
- $5.21T
- P/E (trailing)
- 43.4×
- Forward P/E
- —
- P/B
- 43.83×
- Dividend yield
- 0.0%
- 52-wk high
- $236.54
- 52-wk low
- $132.92
- Beta
- —
- Shares out
- 24.20B
5-year trend
What this company does
NVIDIA designs the GPUs, networking hardware, and software platforms that power AI training and inference in data centers, alongside chips for gaming, professional visualization, and automotive. The company makes money primarily by selling accelerated computing systems to hyperscale cloud providers and enterprises building AI infrastructure. Revenue jumped 62% year-over-year to $57 billion in the quarter, with net income hitting $31.9 billion, cementing NVIDIA's dominance as the core supplier of the global AI buildout.
Generated from NVDA's filing dated 2026-02-25
Key risks
- Inventory ballooned 96% to $19.8B (from $10.1B in January), raising obsolescence risk if AI GPU demand softens or Blackwell transitions disrupt sell-through.
- Accounts receivable surged to $33.4B (+45% YTD), outpacing revenue growth and signaling potential customer concentration or collection risk among hyperscaler buyers.
- Aggressive capital return ($36.7B repurchases, $732M dividends YTD) plus $4.7B non-marketable equity purchases reduce liquidity cushion amid escalating AI capex commitments.
Generated from NVDA's filing dated 2026-02-25
Profitability
Gross margin
71.1%
5.2%Operating margin
60.4%
3.3%Net margin
55.6%
0.4%Return on equity
76.3%
16.9%Return on assets
58.1%
11.1%Leverage
Debt / equity
0.31×
22.6%Long-term debt / equity
0.05×
55.5%Debt / assets
23.9%
17.2%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-01-25 | $68.13B | +73.2% | $42.96B | +94.5% | 63.1% |
Q4 2025 2025-10-26 | $57.01B | +62.5% | $31.91B | +65.3% | 56.0% |
Q3 2025 2025-07-27 | $46.74B | +55.6% | $26.42B | +59.2% | 56.5% |
Q2 2025 2025-04-27 | $44.06B | +69.2% | $18.77B | +26.2% | 42.6% |
Q1 2025 2025-01-26 | $39.33B | — | $22.09B | — | 56.2% |
Q4 2024 2024-10-27 | $35.08B | +93.6% | $19.31B | +108.9% | 55.0% |
Q3 2024 2024-07-28 | $30.04B | +122.4% | $16.60B | +168.2% | 55.3% |
Q2 2024 2024-04-28 | $26.04B | — | $14.88B | — | 57.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Semiconductors & Related Devices · SIC 3674
Your notes
Keep private notes on NVDA — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$2.40B
Net activity
−$2.40B
Distinct insiders
15
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns NVDA
Institutional value
$217.02B
Total shares held
1.26B
Distinct holders
746
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | Legal & General Group Plc | 169.2M | $29.51B | — | New |
| 2 | Invesco Ltd. | 142.8M | $24.90B | — | New |
| 3 | WELLS FARGO & COMPANY/MN | 57.0M | $9.93B | — | New |
| 4 | Mitsubishi UFJ Asset Management Co., Ltd. | 56.4M | $9.84B | — | New |
| 5 | National Pension Service | 51.3M | $8.94B | — | New |
| 6 | CITIGROUP INC | 49.8M | $8.69B | — | New |
| 7 | RHUMBLINE ADVISERS | 42.0M | $7.33B | — | New |
| 8 | BAILLIE GIFFORD & CO | 40.7M | $7.11B | — | New |
| 9 | BNP PARIBAS FINANCIAL MARKETS | 32.3M | $5.63B | — | New |
| 10 | Voya Investment Management LLC | 30.9M | $5.38B | — | New |
| 11 | Russell Investments Group, Ltd. | 29.7M | $5.12B | — | New |
| 12 | TD ASSET MANAGEMENT INC | 29.1M | $5.07B | — | New |
| 13 | Allianz Asset Management GmbH | 23.9M | $4.18B | — | New |
| 14 | CIBC Bancorp USA Inc. | 22.7M | $3.96B | — | New |
| 15 | Universal- Beteiligungs- und Servicegesellschaft mbH | 22.0M | $3.84B | — | New |
| 16 | NOMURA ASSET MANAGEMENT CO LTD | 19.9M | $3.47B | — | New |
| 17 | DANSKE BANK A/S | 18.4M | $3.22B | — | New |
| 18 | SANDS CAPITAL MANAGEMENT, LLC | 18.1M | $3.15B | — | New |
| 19 | PRIMECAP MANAGEMENT CO/CA/ | 17.2M | $3.00B | — | New |
| 20 | STIFEL FINANCIAL CORP | 16.6M | $2.89B | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Inventory jumped 96% to $19.8B and receivables to $33.4B while revenue grew 62%—what specific customer commitments back this build, and what's the obsolescence risk on Hopper?
- 2
Non-marketable equity purchases hit $4.7B with $3.4B in related gains booked to income—how much Q3 revenue came from customers NVIDIA also invested in?
- 3
Q3 gross margin of 73.4% slipped from 74.6% YoY despite Blackwell ramp—what's the trajectory as hyperscaler pricing leverage and ASIC competition intensify?
Refreshed when NVDA files a new report · last from 2026-02-25