The company designs graphics processing units and related accelerated computing hardware, software, and networking products, and provides a software development platform used to run compute-intensive workloads including artificial intelligence training and inference, data analytics, scientific computing, robotics, and graphics rendering. It reports results across two segments, one encompassing data center computing and networking platforms along with automotive and autonomous vehicle solutions, and the other encompassing gaming and professional workstation graphics products. Customers include cloud service providers, artificial intelligence model developers, enterprises across industries such as healthcare, financial services, and transportation, original equipment and device manufacturers, system integrators, distributors, and individual consumers such as gamers and content creators.
| Income statement · $ millions | 2026 | 2025 | 2024 | |
|---|---|---|---|---|
| Total revenues | 215,938 | 130,497 | 60,922 | 4 |
| · Compute | 162,361 | 102,196 | 38,950 | |
| · Networking | 31,376 | 12,990 | 8,575 | |
| · Gaming | 16,042 | 11,350 | 10,447 | |
| · Professional visualization | 3,191 | 1,878 | 1,553 | |
| · Automotive | 2,349 | 1,694 | 1,091 | |
| · OEM and other | 619 | 389 | 306 | |
| Cost of revenue | 62,475 | 32,639 | 16,621 | 1 |
| Gross profit | 153,463 | 97,858 | 44,301 | |
| Research and development | 18,497 | 12,914 | 8,675 | |
| Selling, general and administrative | 4,579 | 3,491 | 2,654 | |
| Depreciation, depletion and amortization | 2,843 | 1,864 | 1,508 | |
| Total operating expenses | 23,076 | 16,405 | 11,329 | |
| Operating income | 130,387 | 81,453 | 32,972 | |
| Interest expense | — | — | 257 | |
| Other income (expense), net | 11,063 | 2,573 | 846 | |
| Income before income taxes | 141,450 | 84,026 | 33,818 | |
| Income tax provision | 21,383 | 11,146 | 4,058 | 2 |
| — of which current | 22,807 | 15,623 | 6,547 | 1 |
| Net income attributable to common | 120,067 | 72,880 | 29,760 | 3 |
| Diluted earnings per share | $4.90 | $2.94 | $1.19 | 1 |
| Weighted-average diluted shares | 24,514 | 24,804 | 24,940 | 2 |
| Cash flow · $ millions | 2026 | 2025 | 2024 | |
|---|---|---|---|---|
| Net income incl. noncontrolling interests | 120,067 | 72,880 | 29,760 | |
| Depreciation, depletion and amortization | 2,843 | 1,864 | 1,508 | |
| Share-based compensation | 6,386 | 4,737 | 3,549 | |
| Deferred income taxes | (1,424) | (4,477) | (2,489) | |
| Change in receivables | 15,399 | 13,063 | 6,172 | |
| Change in inventories | 11,324 | 4,781 | 98 | |
| Change in payables | 3,096 | 3,357 | 1,531 | |
| Net cash provided by operating activities | 102,718 | 64,089 | 28,090 | 2 |
| Acquisitions, net of cash | 1,535 | 1,007 | 83 | |
| Net cash used in investing activities | (52,228) | (20,421) | (10,566) | |
| Dividends paid | 974 | 834 | 395 | |
| Repurchases of common stock | 40,086 | 33,706 | 9,533 | |
| Debt repaid | 0 | 1,250 | 1,250 | |
| Net cash used in financing activities | (48,474) | (42,359) | (13,633) | |
| Cash and equivalents at end of period | 10,605 | 8,589 | 7,280 |
| Balance sheet · $ millions | 2026 | 2025 | |
|---|---|---|---|
| Cash and cash equivalents | 10,605 | 8,589 | |
| Short-term investments | — | 34,621 | |
| Receivables, net | 38,466 | 23,065 | 1 |
| Inventories | 21,403 | 10,080 | 2 |
| Total current assets | 125,605 | 80,126 | |
| Property, plant and equipment, net | 10,383 | 6,283 | |
| Goodwill | 20,832 | 5,188 | 1 |
| Intangible assets, net | 3,306 | 807 | |
| Total assets | 206,803 | 111,601 | 1 |
| Accounts payable | 9,812 | 6,310 | |
| Current debt | 999 | 0 | |
| Total current liabilities | 32,163 | 18,047 | |
| Long-term debt | 7,469 | 8,463 | |
| Total liabilities | 49,510 | 32,274 | |
| Stockholders' equity | 157,293 | 79,327 | |
| Total equity | 157,293 | 79,327 |
| Segments · as filed in the segment note · $ millions | Compute and networking segment | Graphics segment | Corporate / unallocated | Consolidated |
|---|---|---|---|---|
| Net sales | 193,479 | 22,459 | — | 215,938 |
| Operating income | 130,141 | 9,156 | (8,910) | 130,387 |
| · operating margin | 67.3% | 40.8% | — | 60.4% |
| Depreciation & amortization | 1,600 | 590 | 653 | 2,843 |
Rows render only when the filed members reconcile to the consolidated line; Corporate / unallocated is consolidated − Σ segments, arithmetic on filed lines. A concept whose members do not faithfully partition the total is omitted, never approximated.
| Largest FY/FY moves · $ millions, ranked by |Δ| | FY2026 | FY2025 | Δ $ | Δ % | Reading |
|---|---|---|---|---|---|
| Total assets · BS | 206,803 | 111,601 | +95,202 | +85.3% | ◐ outsized |
| Total revenues · IS | 215,938 | 130,497 | +85,441 | +65.5% | ◐ outsized |
| Stockholders' equity · BS | 157,293 | 79,327 | +77,966 | +98.3% | ◐ outsized |
| Total equity · BS | 157,293 | 79,327 | +77,966 | +98.3% | ◐ outsized |
| · Compute · IS | 162,361 | 102,196 | +60,165 | +58.9% | ◐ outsized |
| Income before income taxes · IS | 141,450 | 84,026 | +57,424 | +68.3% | ◐ outsized |
| Gross profit · IS | 153,463 | 97,858 | +55,605 | +56.8% | ◐ outsized |
| Operating income · IS | 130,387 | 81,453 | +48,934 | +60.1% | ◐ outsized |
| Net income attributable to common · IS | 120,067 | 72,880 | +47,187 | +64.7% | ◐ outsized |
| Net income incl. noncontrolling interests · CF | 120,067 | 72,880 | +47,187 | +64.7% | ◐ outsized |
| Total current assets · BS | 125,605 | 80,126 | +45,479 | +56.8% | ◐ outsized |
| Net cash provided by operating activities · CF | 102,718 | 64,089 | +38,629 | +60.3% | ◐ outsized |
| Net cash used in investing activities · CF | (52,228) | (20,421) | −31,807 | -155.8% | ◐ outsized |
| Cost of revenue · IS | 62,475 | 32,639 | +29,836 | +91.4% | ◐ outsized |
| Business quality — Buffett/Munger screen · deterministic · not part of the filing score | Value | Reading |
|---|---|---|
| Return on equity net income ÷ average of start- and end-of-year equity | 101.5% sector median 17.7% | strong |
| Share count, year-end (year-end shares − prior year-end) ÷ prior year-end | -0.7% sector median -0.7% | shrinking |
| Debt to equity (current debt + long-term debt) ÷ year-end equity | 0.05 sector median 0.43 | low |
| FCF consistency, 5yr operating cash flow − capital expenditure, per year | positive 5 of 5 | consistent |
| Margin stability pre-tax income ÷ revenue, swing across up to five years | pre-tax margin 65.5% sector median 20.1% | volatile |
| Quarterly · as filed in 10-Q/10-K · $ millions | OCT 24 | APR 25 | JUL 25 | OCT 25 | APR 26 |
|---|---|---|---|---|---|
| Total revenues | 35,082 | 44,062 | 46,743 | 57,006 | 81,615 |
| Cost of revenue | 8,926 | 17,394 | 12,890 | 15,157 | 20,458 |
| Gross profit | 26,156 | 26,668 | 33,853 | 41,849 | 61,157 |
| Research and development | 3,390 | 3,989 | 4,291 | 4,705 | 6,321 |
| Selling, general and administrative | 897 | 1,041 | 1,122 | 1,134 | 1,300 |
| Depreciation, depletion and amortization | — | 611 | — | — | 997 |
| Total operating expenses | 4,287 | 5,030 | 5,413 | 5,839 | 7,621 |
| Operating income | 21,869 | 21,638 | 28,440 | 36,010 | 53,536 |
| Interest expense | 61 | 63 | 62 | 61 | 102 |
| Other income (expense), net | 447 | 272 | 2,766 | 1,926 | 16,367 |
| Income before income taxes | 22,316 | 21,910 | 31,206 | 37,936 | 69,903 |
| Income tax provision | 3,007 | 3,135 | 4,784 | 6,026 | 11,582 |
| Net income attributable to common | 19,309 | 18,775 | 26,422 | 31,910 | 58,321 |
| Diluted earnings per share | $0.78 | $0.76 | $1.08 | $1.30 | $2.39 |
| Weighted-average diluted shares | 24,774 | 24,611 | 24,532 | 24,483 | 24,391 |
| Net cash provided by operating activities | — | 27,414 | — | — | 50,344 |
| Largest QoQ moves · latest vs prior filed quarter | Prior | Latest | Δ $ | Δ % |
|---|---|---|---|---|
| Income before income taxes | 37,936 | 69,903 | +31,967 | +84.3% |
| Net income attributable to common | 31,910 | 58,321 | +26,411 | +82.8% |
| Total revenues | 57,006 | 81,615 | +24,609 | +43.2% |
| Net cash provided by operating activities | 27,414 | 50,344 | +22,930 | +83.6% |
| Gross profit | 41,849 | 61,157 | +19,308 | +46.1% |
| Operating income | 36,010 | 53,536 | +17,526 | +48.7% |
| Other income (expense), net | 1,926 | 16,367 | +14,441 | +749.8% |
| Income tax provision | 6,026 | 11,582 | +5,556 | +92.2% |
| Ownership — insiders & floatForm 4 + 10-K cover · open-market trades only | Value | Reading |
|---|---|---|
| Public float | $4,000,000M | 10-K cover · as of 2025-07-25 |
| Insider Form 4s, 90d | 21 filings · 0 buys / 7 sells | net selling · −$410,580,151 |
| · Stevens Mark A | SELL $119,026,437 | Form 4 filed 2026-06-23 · open market |
| · Stevens Mark A | SELL $111,188,700 | Form 4 filed 2026-06-04 · open market |
| · Stevens Mark A | SELL $88,148,400 | Form 4 filed 2026-06-04 · open market |
| · Stevens Mark A | SELL $66,973,501 | Form 4 filed 2026-06-23 · open market |
| · Stevens Mark A | SELL $21,765,500 | Form 4 filed 2026-06-04 · open market |
| Insider ownership % | — | needs the proxy statement — not read yet, never estimated |
| Institutional % | — | needs 13F aggregation — not read yet, never estimated |
| · 10b5-1 adopted | John O. Dabiri, Director | 12/10/2025 · 3,984 shares · 10-K insider trading arrangements |
| · 10b5-1 adopted | Colette M. Kress, Executive Vice President and Chief Financial Officer | 12/18/2025 · 500,000 shares · 10-K insider trading arrangements |
Not investment advice. DHI Signal publishes impersonal, rules-based research; no recommendation to buy or sell any security is made or implied. Every statement figure is transcribed from Nvidia's Form 10-K for FY2026 (accession 0001045810-26-000021), pulled from EDGAR XBRL. Derived measures are computed only from lines shown on this page and the arithmetic is displayed so it can be checked. NVDA is not in the tracked book. Market posture attaches only when the dashboard feed carries the name; this page computes none of it.