NVIDIA Corporation (NVDA) fundamental analysis

From the Sep 25, 2026 report · Read the full report

Annual income statement

Fiscal year	Revenue	Growth	Gross margin	Operating margin	Net margin	Free cash flow	Diluted EPS
Jan 31, 2026	215.94B	65.5%	71.1%	60.4%	55.6%	96.68B	4.9
Jan 31, 2025	130.5B	114.2%	75.0%	62.4%	55.8%	60.85B	2.94
Jan 31, 2024	60.92B	125.9%	72.7%	54.1%	48.8%	27.02B	1.19
Jan 31, 2023	26.97B	—	56.9%	20.7%	16.2%	3.81B	0.17

Balance sheet

Jul 31, 2026

Cash and short-term investments: 62.47B
Total debt: 38.35B
Shareholders' equity: 228.98B

Against its sector

	NVDA	Sector median
Forward P/E	14.6	20.2
Net margin	63.7%	34.0%
Revenue growth	105.9%	39.8%
ROE	117.2%	39.6%
Debt / equity	17	44.4

From the Sep 25, 2026 report

NVIDIA's fundamental performance is among the strongest in the sector. Q2 2026 revenue reached $96.22 billion, up 62% year-over-year, with gross profit at $72.14 billion (75% gross margin). Net income totaled $59.69 billion, supported by strong operating leverage as EBITDA grew 58% year-over-year to $72.86 billion. Free cash flow reached $21.4 billion in Q2 2026, enabling $25.78 billion in shareholder returns through buybacks ($19.73 billion) and dividends ($6.05 billion). The FCF-to-revenue ratio of 22.2% exceeds the sector average of 12-15%, demonstrating superior capital efficiency. NVIDIA's balance sheet is strong, with total equity of $228.98 billion (up 28% year-over-year) and working capital of $154.39 billion, providing significant liquidity for strategic opportunities.

Frequently asked questions

How fast is NVDA revenue growing?

NVIDIA Corporation reported revenue of 215.94B in the fiscal year ended Jan 31, 2026, 65.5% more than the year before.

Data as of Sep 29, 2026. Sources: Yahoo Finance (prices, financial statements and analysts' estimates) and the U.S. Treasury (10-year yield). Indicators and valuation are computed without AI.

AI-generated informational content. Not financial advice or a personalised investment recommendation. Investing involves risk, including loss of capital.

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