Compute & Networking
Data Center accelerated computing and networking platforms, AI software and solutions, and Automotive platforms, as defined in the fiscal 2026 10-K.
Stock research
NVIDIA Corporation (NVDA) Stock Research
NVIDIA makes the graphics processors and data-center accelerators that train and run most modern AI models.
For the fiscal year ended January 25, 2026, NVIDIA Corporation reported revenue of $215.9B and net income of $120.1B, with operating cash flow of $102.7B. Source: Form 10-K filed February 25, 2026
Reviewed · SEC data as of
- Revenue
- $215.9B
- FY ending 2026-01-25
- Net income
- $120.1B
- FY ending 2026-01-25
- Diluted EPS
- $4.90
- Net margin
- 55.6%
Reported SEC XBRL figures. Each metric’s period and original filing are listed below.
Loading delayed market data…
Delayed Cboe One market data via TradingView. It may differ from primary-exchange or consolidated quotes.
How NVIDIA makes money
Its chips have become the default hardware of the AI boom, making it a bellwether for the entire sector.
Graphics
GeForce GPUs for gaming and PCs and NVIDIA RTX (formerly Quadro) GPUs for enterprise workstation graphics.
Market platforms
NVIDIA also reports revenue by market platform: Data Center, Gaming, Professional Visualization, Automotive, and OEM & Other.
- Exchange
- NASDAQ: NVDA
- Sector
- Information Technology
- SEC industry
- Semiconductors & Related Devices (SIC 3674)
- Fiscal year end
- January 31
- Headquarters
- Santa Clara, California
- Founded
- 1993
NVDA key financials
Reported figures from NVIDIA Corporation's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.
| Metric | Value | Period | Source |
|---|---|---|---|
| Revenue | $215.9B | 2025-01-27 – 2026-01-25 | SEC filing |
| Net income | $120.1B | 2025-01-27 – 2026-01-25 | SEC filing |
| Operating cash flow | $102.7B | 2025-01-27 – 2026-01-25 | SEC filing |
| Diluted EPS | $4.90 | 2025-01-27 – 2026-01-25 | SEC filing |
| Net margin | 55.6% | 2025-01-27 – 2026-01-25 | SEC filing |
| Shares outstanding | 24.30B | As of 2025-08-22 | SEC filing |
Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.
Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.
What investors should watch in NVDA
For NVIDIA Corporation, the most important recurring operating and market variables are:
- ◆Data Center compute and networking demand from cloud providers, AI developers and enterprises
- ◆Revenue concentration among a limited number of partners, distributors and direct customers
- ◆U.S. export controls, which the fiscal 2026 10-K says effectively foreclosed China's data-center compute market
- ◆Foundry, packaging and memory supply from partners such as TSMC, concentrated in Asia
- ◆Data-center product transitions and their effect on inventory, supply commitments and gross margin
Key questions for the NVDA thesis
Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.
How dependent is NVIDIA on the data-center cycle?
The fiscal 2026 10-K puts Data Center computing and networking in the Compute & Networking segment, while Graphics holds gaming and workstation GPUs. Read the segment and market-platform tables to see how much of the year's revenue came from Data Center; the larger that share, the more NVIDIA's results track the spending plans of a small group of cloud and AI buyers.
What happened to China data-center revenue?
After the April 2025 licensing requirement, NVIDIA recorded a $4.5 billion charge associated with H20 in the first quarter of fiscal 2026 and later generated only about $60 million of H20 revenue under licenses. The 10-K says it had not generated revenue under the H200 licensing program and was effectively foreclosed from China's data-center compute market at year end, so treat any China revenue as contingent on licensing.
How concentrated are customers and supply?
Item 1A says a significant amount of revenue stems from a limited number of partners and distributors, and NVIDIA relies on foundries such as TSMC and Samsung under a fabless model with a supply chain mainly concentrated in Asia. Check the customer-concentration note and purchase obligations each quarter; shifts there can move results more than end-demand headlines.
What does Graphics contribute beyond AI?
The Graphics segment sells GeForce gaming GPUs and RTX workstation GPUs, businesses tied to PC and professional-workstation cycles rather than data-center buildouts. Compare Graphics operating income with Compute & Networking to judge how much diversification remains if data-center orders slow.
Does NVDA's reported profit turn into cash?
Operating cash flow was $102.7B, 0.86 times net income of $120.1B, for the fiscal year ended January 25, 2026.
Cash from operations trailed reported earnings. Working-capital build (receivables, inventory, prepayments) or non-cash gains are the usual reasons; check the cash-flow statement before relying on reported profit.
How much of NVDA's revenue is left as profit?
Net income was 55.6% of revenue for the fiscal year ended January 25, 2026, based on revenue and net income reported for the same period.
Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.
When does NVIDIA Corporation's fiscal year end?
The SEC lists NVIDIA Corporation's fiscal year end as January 31, not December 31. The latest annual figures here run from January 27, 2025 to January 25, 2026. Its reporting year ends on a nearby date rather than a fixed calendar day.
Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.
Members-only research
Our members-only research on NVDA
NVDA · Aug 12, 2026
Issue 05: NVIDIA Is Building the Credit Market for AINVIDIA has found a way to turn knowledge of its own roadmap into a lower cost of capital for its customers. The result could move AI infrastructure from venture equity into private credit, insurance balance sheets and securitized debt.
Sep 22, 2026
Meta jumped 11%. What must happen next to justify the price?A member research report on Meta’s AI rally: Muse, subscription economics, the cash-flow burden, legal costs and the earnings assumptions behind the new price.
The thesis, the numbers behind it, and what would break it. Full access is $39 a month.
Read the full researchNVDA primary sources
- Latest annual report: Form 10-K filed February 25, 2026
- Latest quarterly report: Form 10-Q filed August 26, 2026
- NVIDIA investor relations
- NVIDIA filings at the SEC
How we source and review company pages: research methodology.
Congressional trading in NVDA
| Politician | Trade date | Type | Owner | Amount | Source |
|---|---|---|---|---|---|
| Gilbert Cisneros | 2026-08-18 | Sale | Self | $1,001 - $15,000 | Filing #20035390 |
| John McGuire | 2026-08-18 | Purchase | Spouse | $1,001 - $15,000 | Filing #20035367 |
| Sheldon Whitehouse | 2026-08-13 | Sale | Self | $15,001 - $50,000 | Filing #f8d003c0-ca1e-4c39-9d66-632d220180e1 |
| Sheldon Whitehouse | 2026-08-13 | Sale | Spouse | $1,001 - $15,000 | Filing #f8d003c0-ca1e-4c39-9d66-632d220180e1 |
| Cory Booker | 2026-08-11 | Sale | Spouse | $15,001 - $50,000 | Filing #e5144197-e49c-4f74-bec4-19f1f3124668 |
| Sam Liccardo | 2026-07-21 | Sale | Self | $15,001 - $50,000 | Filing #20034736 |
| Gilbert Cisneros | 2026-07-17 | Purchase | Self | $1,001 - $15,000 | Filing #20035190 |
| Dan Newhouse | 2026-07-10 | Sale | Spouse | $1,001 - $15,000 | Filing #20034998 |
| Sheldon Whitehouse | 2026-06-30 | Sale | Self | $15,001 - $50,000 | Filing #5d9b1b8e-2ae1-442b-860c-e79b8a701dc6 |
| Cleo Fields | 2026-06-26 | Purchase | Self | $1,001 - $15,000 | Filing #20034894 |
All verified NVDA congressional disclosures
Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.
Compare NVDA with similar companies
NVIDIA peers
Broadcom Inc. (AVGO)Semiconductors & Related DevicesAdvanced Micro Devices, Inc. (AMD)Semiconductors & Related DevicesIntel Corporation (INTC)Semiconductors & Related DevicesMicron Technology, Inc. (MU)Semiconductors & Related DevicesTexas Instruments Incorporated (TXN)Semiconductors & Related DevicesApplied Materials, Inc. (AMAT)Semiconductors & Related Devices
Research that covers NVIDIA
NVDA — frequently asked questions
What does NVIDIA Corporation do?
NVIDIA makes the graphics processors and data-center accelerators that train and run most modern AI models. Its filings describe these business lines: Compute & Networking, Graphics, Market platforms.
What were NVDA's latest reported annual revenue and net income?
For the fiscal year ended January 25, 2026, NVIDIA Corporation reported revenue of $215.9B and net income of $120.1B, with operating cash flow of $102.7B. The figures come from NVIDIA Corporation's SEC XBRL filings.
When does NVIDIA Corporation's fiscal year end?
The SEC lists NVIDIA Corporation's fiscal year end as January 31.
Do members of Congress trade NVDA?
The current verified House and Senate snapshot contains 178 transaction rows for NVDA, each linked to the original filing.
Where is NVIDIA Corporation headquartered?
NVIDIA Corporation is headquartered in Santa Clara, California and was founded in 1993.
Is NVDA a good investment?
This page does not rate NVDA as a buy or sell. It sets out what NVIDIA Corporation reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.
This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.
What do the NVDA numbers leave unanswered?
Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.
Members-only research
NVDA · Aug 12, 2026
Issue 05: NVIDIA Is Building the Credit Market for AISep 22, 2026
Meta jumped 11%. What must happen next to justify the price?Sep 9, 2026
Seagate: More Terabytes, Better Economics
$39/mo or $249/yr · cancel future renewals anytime · sources included