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Nvidia
(NASDAQ:NVDA)
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Rating:79Outperform
Price Target:
$223.00
▲(10.57% Upside)
Action:Reiterated
Date:07/03/26
NVDA scores highly due to outstanding financial performance (profitability, cash flow, and balance sheet strength) and an earnings call that reinforced strong guidance, demand visibility, and aggressive shareholder returns. The main offset is weak near-term technical momentum (below key moving averages with negative MACD), with valuation remaining premium and a very low dividend yield providing limited support.
Positive Factors
Product Leadership
Repeated benchmark dominance and the fastest product ramp indicate a durable technology edge. That performance lead drives preferential adoption by hyperscalers and model builders, increases switching costs, and sustains pricing power and platform lock-in across data-center and AI workloads.
Negative Factors
Supply Constraints
Extensive prepaid supply commitments signal strong demand but create execution and concentration risk. Prolonged capacity constraints can delay revenue recognition, amplify dependence on a few large customers, and require ongoing capital commitments to secure manufacturing over multiple cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Product Leadership
Repeated benchmark dominance and the fastest product ramp indicate a durable technology edge. That performance lead drives preferential adoption by hyperscalers and model builders, increases switching costs, and sustains pricing power and platform lock-in across data-center and AI workloads.
Read all positive factors
Nvidia Key Performance Indicators (KPIs)
Any
Revenue by Geography
Splits sales across regions (U.S., China, EMEA, APAC) to show where Nvidia earns its money and how exposed it is to regional demand swings, currency moves, or trade and regulatory risks.
Splits sales across regions (U.S., China, EMEA, APAC) to show where Nvidia earns its money and how exposed it is to regional demand swings, currency moves, or trade and regulatory risks.
Data provided by:
The Fly
The FlyNvidia (NVDA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.02T
Dividend Yield0.02%
Average Volume (3M)144.35M
Price to Earnings (P/E)31.6
Beta (1Y)2.07
Revenue Growth70.68%
EPS Growth109.57%
CountryUS
Employees42,000
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)6.56
Shares Outstanding24,200,000,000
10 Day Avg. Volume117,191,691
30 Day Avg. Volume144,354,922
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)28.88
Price to Sales (P/S)21.03
P/FCF Ratio46.98
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$309.94Price Target Upside53.68% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering37
EPS Forecast (FY)8.99
Revenue Forecast (FY)$393.18B
Nvidia Business Overview & Revenue Model
Company Description
NVIDIA Corporation stands as a prominent provider of advanced graphics, computational, and networking solutions, operating across the United States, Taiwan, China, and numerous international markets. Its Graphics division encompasses GeForce GPUs,...
How the Company Makes Money
NVIDIA primarily makes money by selling accelerated computing hardware and related software used to run graphics, AI, and data-center workloads. The company’s revenue is organized into several key streams: (1) Data Center: Sales of GPUs and accele...
Nvidia Earnings Call Summary
Earnings Call Date:May 20, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Aug 26, 2026
Earnings Call Sentiment Positive
The call presented overwhelmingly strong commercial and financial momentum: record revenue, record free cash flow, spectacular data center growth, broad customer adoption (hyperscalers and frontier model makers), and continued margin strength. Those positives are tempered by execution risks — supply constraints (large prepaid commitments), meaningful OpEx acceleration, exclusion of China compute revenue from guidance, and some niche product risk — but management provided confident guidance (Q2 revenue $91B ±2%) and sizable shareholder returns. Overall the highlights substantially outweigh the lowlights.Positive Updates
Record Revenue and Accelerating Growth
Total revenue of $82.0B, up 85% year-over-year and 20% sequentially; 14th straight quarter of sequential growth and third consecutive quarter of year-over-year acceleration. Q1 revenue increased by a record $13.5B sequentially.
Negative Updates
China Uncertainty and Excluded Revenue
Although H200 licenses were approved for China, the company reported no China data center compute revenue in the outlook due to uncertainty whether imports will be allowed; no China compute revenue was included in guidance.
Read all updates
Q1-2027 Updates
Positive
Negative
Record Revenue and Accelerating Growth
Total revenue of $82.0B, up 85% year-over-year and 20% sequentially; 14th straight quarter of sequential growth and third consecutive quarter of year-over-year acceleration. Q1 revenue increased by a record $13.5B sequentially.
Read all positive updates
Company Guidance
The company guided Q2 revenue of $91.0 billion ±2% (≈$89.2B–$92.8B), GAAP gross margin 74.9% and non‑GAAP gross margin 75.0% ±50 bps (≈74.4–75.5%), GAAP and non‑GAAP operating expenses of about $8.5B and $8.3B (with full‑year OpEx expected to grow in the upper‑40% range YoY), and a full‑year tax rate of 16–18% (ex‑discrete items); days sales outstanding were 45 days (expected to return to the mid‑50s in Q2). Q1 metrics included record free cash flow of $49B and $20B returned to shareholders, the company plans to return roughly 50% of FCF, announced an $80B share‑repurchase authorization in addition to $39B remaining, raised the quarterly dividend (Colette said $0.20, Jensen later referenced $0.25), increased total supply commitments to $145B, stated visibility to nearly $20B of CPU revenue this year, and reiterated confidence in $1 trillion of Blackwell + Rubin revenue from 2025 through calendar 2027.Nvidia Financial Statement Overview
Summary
Income Statement
98
Very Positive
Balance Sheet
94
Very Positive
Cash Flow
96
Very Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 253.49B | 215.94B | 130.50B | 60.92B | 26.97B | 26.91B |
| Gross Profit | 187.95B | 153.46B | 97.86B | 44.30B | 15.36B | 17.48B |
| EBITDA | 192.97B | 144.55B | 86.14B | 35.58B | 5.99B | 11.35B |
| Net Income | 159.61B | 120.07B | 72.88B | 29.76B | 4.37B | 9.75B |
Balance Sheet | ||||||
| Total Assets | 259.47B | 206.80B | 111.60B | 65.73B | 41.18B | 44.19B |
| Cash, Cash Equivalents and Short-Term Investments | 80.57B | 62.56B | 43.21B | 25.98B | 13.30B | 21.21B |
| Total Debt | 12.81B | 11.41B | 10.27B | 11.06B | 12.03B | 11.83B |
| Total Liabilities | 64.00B | 49.51B | 32.27B | 22.75B | 19.08B | 17.57B |
| Stockholders Equity | 195.47B | 157.29B | 79.33B | 42.98B | 22.10B | 26.61B |
Cash Flow | ||||||
| Free Cash Flow | 119.08B | 96.68B | 60.85B | 27.02B | 3.81B | 8.13B |
| Operating Cash Flow | 125.65B | 102.72B | 64.09B | 28.09B | 5.64B | 9.11B |
| Investing Cash Flow | -73.44B | -52.23B | -20.42B | -10.57B | 7.38B | -9.83B |
| Financing Cash Flow | -54.20B | -48.47B | -42.36B | -13.63B | -11.62B | 1.86B |
Nvidia Technical Analysis
Positive
201.68
Price Trends
209.68
Negative
198.39
Positive
192.09
Positive
Market Momentum
0.38
Negative
52.15
Neutral
87.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVDA, the sentiment is Positive. The current price of 201.68 is below the 20-day moving average (MA) of 202.22, below the 50-day MA of 209.68, and above the 200-day MA of 192.09, indicating a neutral trend. The MACD of 0.38 indicates Negative momentum. The RSI at 52.15 is Neutral, neither overbought nor oversold. The STOCH value of 87.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NVDA.
Nvidia Risk Analysis
Nvidia disclosed 24 risk factors in its most recent earnings report. Nvidia reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Nvidia Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $5.02T | 31.62 | 111.66% | 0.02% | 70.68% | 109.57% | |
78 Outperform | $816.83B | 162.64 | 8.08% | ― | 34.97% | 123.87% | |
77 Outperform | $1.98T | 33.21 | 36.93% | 0.82% | 37.40% | 54.80% | |
76 Outperform | $1.78T | 60.49 | 36.40% | 0.69% | 32.29% | 125.17% | |
70 Outperform | $179.82B | 18.29 | 40.19% | 2.01% | 5.21% | -6.72% | |
63 Neutral | $487.42B | -156.42 | -2.95% | ― | 1.36% | 86.07% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
NVDA
Nvidia
207.40
35.22
20.46%
AMD
Advanced Micro Devices
500.94
343.95
219.09%
AVGO
Broadcom
374.45
93.17
33.12%
INTC
Intel
96.98
73.88
319.83%
QCOM
Qualcomm
170.61
19.01
12.54%
TSM
TSMC
409.74
171.39
71.90%
Nvidia Corporate Events
Business Operations and StrategyExecutive/Board Changes
Nvidia names Nicholas Parker to lead field operations
Positive
Jul 2, 2026
On June 28, 2026, NVIDIA announced that Ajay K. Puri, its Executive Vice President of Worldwide Field Operations and a 21-year veteran of the company, intends to retire from his role once his successor begins, while remaining in a senior advisory ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Nvidia Shareholders Back Board, Governance Changes at Meeting
Positive
Jun 30, 2026
At its June 24, 2026 annual meeting of stockholders, Nvidia shareholders re-elected all ten director nominees to serve until the 2027 meeting, approved on an advisory basis the compensation of named executive officers, and ratified Pricewaterhouse...
Business Operations and StrategyPrivate Placements and Financing
Nvidia Completes $25 Billion Multi-Tranche Debt Offering
Positive
Jun 18, 2026
On June 18, 2026, Nvidia completed a major multi-tranche debt offering totaling $25 billion, issuing notes maturing between 2028 and 2056 with coupons ranging from 4.250% to 5.625%. The transaction was conducted under the company’s shelf reg...
Executive/Board Changes
Nvidia Adds Suzanne Nora Johnson to Board
Positive
May 8, 2026
On May 7, 2026, Nvidia’s board of directors appointed Suzanne Nora Johnson as a new board member and Audit Committee member, effective July 13, 2026, increasing the board size from ten to eleven directors. Her start date was set later to acc...
Executive/Board Changes
Nvidia Names New Chief Accounting Officer Amid Transition
Neutral
Apr 27, 2026
On April 24, 2026, Nvidia announced that longtime Vice President and Chief Accounting Officer Donald Robertson plans to retire from his VP and CAO roles effective May 4, 2026, and will stay on as VP, Finance supporting projects until July 1, 2026,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.