Nvidia NVDA

SEC filings · Reporting currency USD · Quarterly reporting · Figures as of 2027-Q2 · updated 2026-09-04 · ISIN US67066G1040

Operating income doubled Net income doubled Revenue accelerating Net cash to net debt strategy: Strategic pivot

The new quarter, in context. · We follow every stock through its original filings: the latest figures against their history, guidance against actuals; neutral, continuously updated, every figure clickable with its source.

AI-generated report · not investment advice · figures extracted automatically; please verify against the linked original more

AI-generatedCreated with AI assistance from the company's linked original filings (transparency per Art. 50 EU AI Act). More about the tool: Claude Code.

Not investment adviceNeutral financial information, no recommendation, no investment research within the meaning of MiFID II.

Verify yourselfFigures are extracted automatically, errors are possible. Every figure is clickable with its source; the issuer's original documents are always authoritative.

EditorialThe texts (business model, current status, development and others) are written AI-editorially from the original reports alone, cross-checked automatically and backed with sources; the company's own account, no assessment of our own. Methodology

AI research · This page works as a source-backed data basis for further research with AI assistants such as Claude; every figure remains verifiable via the source links.

Business Model#

What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.

Nvidia designs and markets graphics processing units (GPUs), networking hardware, and related software platforms across four primary segments: Data Center, Gaming, Professional Visualization, and Automotive. Revenue is generated predominantly through the sale of GPU-based compute systems, including multi-GPU HGX and DGX configurations, InfiniBand and Ethernet networking products, and the CUDA software stack, to cloud service providers, consumer internet companies, enterprises, and original equipment manufacturers. The Data Center segment, anchored by AI training and inference accelerators including the Hopper, Blackwell, and Blackwell Ultra GPU architectures, is the dominant revenue driver, contributing $89.0 billion of $96.2 billion in total Q2 fiscal year 2027 revenue. The CUDA parallel computing platform underpins ecosystem adoption across scientific computing, large model training, and inference deployment. As of Q2 fiscal year 2027, Nvidia has introduced a new AI cloud business model with select cloud infrastructure partners, holds equity investments of $99 billion alongside equity investment commitments of $25 billion in AI and infrastructure partners, and has entered arrangements to mobilize third-party capital for AI infrastructure buildout, reflecting a broadened role across the AI value chain. Gaming, Professional Visualization, and Automotive segments each contribute smaller shares of overall revenue.

Current Status#

Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.

Nvidia reported revenue of $96,221 million for fiscal Q2 2027, up 106% year-over-year and 18% sequentially, driven by the Blackwell Ultra infrastructure ramp ¹⁵. Data Center revenue reached $89.0 billion, up 117% year-over-year and 18% sequentially, accounting for the substantial majority of total revenue ¹⁵. Net income rose 126% year-over-year to $59,688 million, with diluted EPS of $2.46, as GAAP and non-GAAP gross margins both reached 75.0% ¹⁵ ³⁰. The company introduced a new AI cloud business model with select partners carrying $36 billion in commitments and entered memoranda of understanding to mobilize more than $500 billion of third-party capital for AI infrastructure with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR ³⁰.

Management commentary on the 2027-Q2 results (8-K-EX99.1, 2026-08-26):

„AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue. And demand is accelerating. This time last year, one lab alone was driving the buildout; today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online – with strong momentum across the U.S. and around the world. The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment.“ – Jensen Huang, founder and CEO of NVIDIA ³⁰ (translation – original on hover)

Revenue · 2027-Q296,221$m+105.9 % vs. 2026-Q2

Net profit · 2027-Q259,688$m+125.9 % vs. 2026-Q2

EPS · 2027-Q22.46$+127.8 % vs. 2026-Q2

Revenue trend

Guidance

For FY2027, the company guides Tax rate to between 16.0% and 18.0%. ³⁰.

Profitability

GAAP operating income for Q2 fiscal 2027 was $63,734 million, with adjusted operating income of $63,956 million; gross margins for both GAAP and non-GAAP measures came in at 75.0%, up from 72.4% year-over-year, attributable to improved product mix from Blackwell Ultra ¹⁵ ³⁰. Net income totaled $59,688 million, with diluted EPS of $2.46 ¹⁵. Operating cash flow was $24,077 million and free cash flow was $21,400 million for the quarter, reflecting the scale of earnings-to-cash conversion at current revenue levels.

Leverage

Cash and equivalents stood at $22,443 million as of July 26, 2026, against a net debt position of $11,923 million per CORE data. In June 2026, Nvidia issued $25.0 billion aggregate of senior unsecured notes across seven tranches, materially expanding its funded balance sheet ¹⁵. The company returned approximately $26.0 billion to shareholders through share repurchases and dividends during Q2 fiscal 2027, reflecting concurrent capital deployment alongside the debt issuance ³⁰.

Management view

The Vera Rubin platform entered production ramping across CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and Nebius during the quarter, marking a transition from the Blackwell Ultra generation to Nvidia's next data center architecture ³⁰. Nvidia announced partnerships with SK Telecom, NAVER, and Brookfield to build sovereign AI infrastructure in Korea, partnered with the Japan government to launch what it described as the world's first national AI infrastructure, and entered a multiyear technology partnership with SK hynix for next-generation memory ³⁰. A partnership with Microsoft was announced to integrate NVIDIA RTX Spark into Windows PCs, and the Open Secure AI Alliance was formed with industry leaders for AI safety and security ³⁰.

Change

Nvidia incurred a $0.4 billion charge for H200 excess inventory and purchase obligations during the first half of fiscal year 2027, with H200 shipments accounting for less than 1% of Data Center revenue in Q2, reflecting the effective completion of the platform transition to Blackwell Ultra ¹⁵. Operating expenses increased 55% year-over-year to $8.4 billion, driven by higher compute infrastructure and compensation costs ¹⁵. The quarterly cash dividend was increased from $0.01 per share to $0.25 per share effective May 18, 2026, and cash dividends of $6.3 billion were paid during the first half of fiscal year 2027 ¹⁵.

Risks (current)

Export control compliance obligations and potential violations expose Nvidia to fines and sanctions, and export restrictions on H200 and other Data Center products to China limit addressable revenue in that market ¹⁵. Supply and capacity commitments of $279 billion, up from $119 billion as of the prior period, create financial exposure if end-market demand changes, and revenue remains concentrated among a limited number of direct and indirect customers ¹⁵. Global supply chain complexity for networking products, with concentration in Taiwan and South Korea, as well as Middle East conflict and geopolitical tensions, present additional operational and sourcing risks; intensifying competition from companies with greater financial resources could impact market share over time ¹⁵ ¹⁴.

New this reporting period

Nvidia launched the NVIDIA Vera CPU, described as the first CPU built for AI agents, and the NVIDIA DSX platform for AI factory infrastructure design and operation, both dated July 26, 2026 ³⁰. The Groq 3 LPX interactive AI inference accelerator entered full production during the quarter, and the new AI cloud business model with select cloud partners, carrying $36 billion in commitments as of July 26, 2026, was introduced ³⁰ ¹⁵. Additional launches in the quarter include NVIDIA Cosmos 3 (described as the world's first fully open frontier omnimodel for physical AI), NVIDIA Isaac GR00T Reference Humanoid Robot, NVIDIA Halos for Robotics, and the NVIDIA BioNeMo Agent Toolkit for agentic life sciences ³⁰.

Price & Chart#

Interactive price chart (TradingView) and the trend of key figures from the core tables. The price chart loads only after a click; at that point a connection to TradingView is established.

Daily candles with news and earnings markers. Loads only on click.

Advertisement · affiliate links; we may earn a commissionAffiliate partnerships help us keep these reports free and regularly updated.

Share-Price Drivers#

Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.

Data Center compute demand led by the Blackwell architecture ramp
Data Center revenue reached 89,000 (+117% YoY) and Compute & Networking 88,299 (+114% YoY) in 2027-Q2, dominating group revenue of 96,221 with accelerating growth (³⁰, ¹⁵); Blackwell production systems are shipping at scale (⁵).

Data Center revenue
89,000 in 2027-Q2, up 117% YoY, the largest and fastest-growing reported line (³⁰).

Compute & Networking segment
88,299 in 2027-Q2, up 114% YoY (¹⁵).

Hyperscale demand
Hyperscale revenue of 48,710 in 2027-Q2, up 102% YoY (¹⁵).

AI Clouds, Industrial & Enterprise
40,313 in 2027-Q2, up 138% YoY, the highest growth rate among active segments (¹⁵).

Blackwell architecture platform
Blackwell production systems launched and shipping; GeForce RTX 50 Series and Blackwell Data Center architecture in market (⁵, ²⁴, ¹³).

New AI cloud business model
New AI cloud business model launched in Q2 FY2027, early in adoption (¹⁵).

Next-gen platform pipeline (Vera Rubin / Rubin)
Vera Rubin Data Center architecture planned for Q3 FY2027 and Rubin platform planned through H2 FY2027, extending the roadmap (¹⁵, ¹⁴).

Strategic AI partnerships
Investment and partnership agreement with OpenAI and Stargate Project partnership expand demand channels (¹³, ²⁴).

Graphics / Gaming
Graphics revenue of 7,922 in 2027-Q2, up 46% YoY, aided by the RTX 50 Series launch (¹⁵, ²⁴).

Edge Computing
7,200 in 2027-Q2, up 27% YoY, growing but a smaller contributor (³⁰).

Sector trend: Sector demand KPIs are accelerating: group revenue rose from 46,743 in 2026-Q2 to 96,221 in 2027-Q2 while operating income reached 63,734 (~66% operating margin), indicating rising utilisation and expanding profitability (³⁰). Change flags show accelerating growth, improving profitability and confirmed guidance.

Event Timeline#

This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.

Overview: one dot per event · click jumps to the period

2027 · 11 events

2027-Q2 · May – Jul 2026

Revenue accelerating 2026-08-26
Revenue increased 106% year-over-year and 18% sequentially to $96.2 billion, driven by Blackwell Ultra infrastructure ramp; Data Center revenue reached $89.0 billion, up 117% year-over-year ¹⁵

Net cash to net debt 2026-08-26
Net position shifted from net cash of $3.8 billion in Q1 to net debt of $11.9 billion in Q2 following issuance of $25.0 billion in senior unsecured notes and equity investments totaling $99 billion ¹⁵

Strategic pivot 2026-08-26
Vera Rubin next-generation Data Center architecture began production shipments in Q2 fiscal year 2027, ramping across CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and Nebius ¹⁵

Operating income doubled 2026-08-26
Operating income more than doubled YoY (28,440.0 to 63,734.0 USDm, +124%). ¹⁵

Net income doubled 2026-08-26
Net income more than doubled YoY (26,422.0 to 59,688.0 USDm, +126%). ¹⁵

2027-Q1 · Feb – Apr 2026

„The buildout of AI factories – the largest infrastructure expansion in human history – is accelerating at extraordinary speed. Agentic AI has arrived, doing productive work, generating real value and scaling rapidly across companies and industries. NVIDIA is uniquely positioned at the center of this transformation as the only platform that runs in every cloud, powers every frontier and open source model, and scales everywhere AI is produced – from hyperscale data centers to the edge.“ – Jensen Huang, Founder and CEO ²⁹ (translation – original on hover)

Revenue accelerating 2026-05-20
Revenue reached $81.6 billion, up 85% year-over-year and 20% sequentially, driven primarily by Data Center products ¹⁴

Margin expanding 2026-05-20
Gross margin improved to 74.9% from 60.5% year-over-year; improvement primarily reflects non-recurrence of $4.5 billion H20 excess inventory charge recorded in the prior-year period ¹⁴

New market 2026-05-20
Rubin platform, including Vera CPU for agentic AI, expected to start shipping in the second half of fiscal year 2027 ¹⁴

Operating income doubled 2026-05-20
Operating income more than doubled YoY (21,638.0 to 53,536.0 USDm, +147%). ¹⁴

Net income doubled 2026-05-20
Net income more than doubled YoY (18,775.0 to 58,321.0 USDm, +211%). ¹⁴

Net cash build 2026-05-20
Net cash position expanded to 3,767.0 USDm from 1,138.0 USDm in 2026-Q4 (+231%, derived from reported financial debt minus cash). ¹⁴

2026 · 15 events

2026-Q4 · Nov 2025 – Jan 2026

„Computing demand is growing exponentially – the agentic AI inflection point has arrived. Grace Blackwell with NVLink is the king of inference today – delivering an order-of-magnitude lower cost per token – and Vera Rubin will extend that leadership even further. Enterprise adoption of agents is skyrocketing. Our customers are racing to invest in AI compute – the factories powering the AI industrial revolution and their future growth.“ – Jensen Huang, Founder and CEO ²⁸ (translation – original on hover)

earnings 2026-02-25
Full-year FY2026 GAAP diluted EPS of $4.90, up 67% from $2.94 in FY2025; full-year operating cash flow reached $102.7 billion, up from $64.1 billion in FY2025 ¹³ ²⁸

Revenue accelerating 2026-02-25
Record quarterly revenue of $68.1 billion, up 73% year-over-year and 20% sequentially, further accelerating from Q3's 62% year-over-year; full-year FY2026 revenue $215.9 billion up 65% year-over-year ²⁸

Strategic pivot 2026-02-25
Unveiled NVIDIA Rubin platform comprising six new chips targeting up to 10x reduction in inference token cost versus Blackwell; NVIDIA NVLink Fusion introduced to enable hyperscalers and custom ASIC designers to integrate custom CPUs and XPUs with NVIDIA technology ²⁸ ¹³

Cash flow inflection 2026-02-25
Operating cash flow reached 36,188.0 USDm vs 16,629.0 USDm in 2025-Q4 (×2.2). ¹²⁸

2026-Q3 · Aug – Oct 2025

„Blackwell sales are off the charts, and cloud GPUs are sold out. Compute demand keeps accelerating and compounding across training and inference – each growing exponentially. We've entered the virtuous cycle of AI. The AI ecosystem is scaling fast – with more new foundation model makers, more AI startups, across more industries, and in more countries. AI is going everywhere, doing everything, all at once.“ – Jensen Huang, founder and CEO ²⁷ (translation – original on hover)

Revenue accelerating 2025-11-19
Revenue $57.0 billion, up 62% year-over-year and 22% sequentially, re-accelerating from Q2's 56% year-over-year growth rate; Data Center at $51.2 billion up 66% year-over-year with Blackwell Ultra as the leading architecture across all customer categories ⁸ ²⁷

Acquisition 2025-11-19
NVIDIA committed to invest $5 billion in Intel Corporation (subject to regulatory approval) and entered an agreement to invest up to $10 billion in Anthropic (subject to closing conditions) in November 2025 ⁸

Strategic pivot 2025-11-19
Strategic partnership with OpenAI announced to deploy at least 10 gigawatts of NVIDIA systems; Anthropic to adopt 1 gigawatt of compute capacity with NVIDIA Grace Blackwell and Vera Rubin systems ²⁷

2026-Q2 · May – Jul 2025

„Blackwell is the AI platform the world has been waiting for, delivering an exceptional generational leap – production of Blackwell Ultra is ramping at full speed, and demand is extraordinary. NVIDIA NVLink rack-scale computing is revolutionary, arriving just in time as reasoning AI models drive orders-of-magnitude increases in training and inference performance. The AI race is on, and Blackwell is the platform at its center.“ – Jensen Huang, Founder and CEO ²⁶ (translation – original on hover)

revenue 2025-08-27
Revenue $46.7 billion, up 56% year-over-year, decelerating from Q1's 69% year-over-year growth; Data Center at $41.1 billion up 56% year-over-year ⁷

Margin expanding 2025-08-27
GAAP gross margin of 72.4% recovered from Q1's 60.5%, which had been compressed by the $4.5 billion H20 export-control one-off charge; on a year-over-year basis gross margin contracted from 75.1% due to the transition to full-scale Blackwell datacenter systems ⁷ ²⁶

Guidance initiated 2025-08-27
Q3 FY2026 revenue guidance of $54.0 billion plus or minus 2% with non-GAAP gross margin expected at 73.5% plus or minus 50 basis points ²⁶

Revenue decelerating 2025-08-27
Revenue growth decelerated to +55.6% YoY (prior period +69.2%). ⁷

2026-Q1 · Feb – Apr 2025

„Our breakthrough Blackwell NVL72 AI supercomputer – a 'thinking machine' designed for reasoning– is now in full-scale production across system makers and cloud service providers. Global demand for NVIDIA's AI infrastructure is incredibly strong. AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate. Countries around the world are recognizing AI as essential infrastructure – just like electricity and the internet – and NVIDIA stands at the center of this profound transformation.“ – Jensen Huang, founder and CEO ²⁵ (translation – original on hover)

revenue 2025-05-28
Revenue $44.1 billion, up 69% year-over-year, with Data Center at $39.1 billion up 73% year-over-year driven by Blackwell platform demand for accelerated computing and AI ⁶

Margin compressing 2025-05-28
GAAP gross margin fell to 60.5% from 78.4% in the prior-year quarter; primary driver was a $4.5 billion charge for H20 excess inventory and purchase obligations following U.S. government export licensing requirements imposed April 9, 2025 – excluding that charge, non-GAAP gross margin would have been 71.3% ⁶ ²⁵

Guidance initiated 2025-05-28
Q2 FY2026 revenue outlook of $45.0 billion plus or minus 2%, reflecting approximately $8.0 billion in H20 revenue loss from export control limitations ²⁵

Net cash build 2025-05-28
Net cash position expanded to 6,770.0 USDm from 126.0 USDm in 2025-Q4 (+5273%, derived from reported financial debt minus cash). ⁶

2025 · 27 events

FY2025 · Feb 2024 – Jan 2025

Operating income doubled 2025-02-26
Operating income more than doubled YoY (32,972.0 to 81,453.0 USDm, +147%). ²⁴

Net income doubled 2025-02-26
Net income more than doubled YoY (29,760.0 to 72,880.0 USDm, +145%). ²⁴

2025-Q4 · Nov 2024 – Jan 2025

„Demand for Blackwell is amazing as reasoning AI adds another scaling law – increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter. We've successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter. AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries.“ – Jensen Huang, Founder and CEO ²⁴ (translation – original on hover)

revenue 2025-02-26
Revenue $39.3 billion, up 78% YoY (vs. 94% in Q3) and 12% sequentially; full-year revenue $130.5 billion, up 114% YoY; Data Center $35.6 billion, up 93% YoY ²⁴

Margin expanding 2025-02-26
Full-year GAAP gross margin expanded to 75.0% from 72.7% in FY2024, driven by higher mix of Data Center revenue ²⁴

New market 2025-02-26
Blackwell architecture production systems began shipping in Q4; cloud providers AWS, CoreWeave, GCP, Microsoft Azure, and OCI deploying GB200 systems in cloud regions globally ²⁴

Revenue decelerating 2025-02-26
Revenue growth decelerated to +77.9% YoY (prior period +93.6%). ¹²⁸

2025-Q3 · Aug – Oct 2024

„The age of AI is in full steam, propelling a global shift to NVIDIA computing. Demand for Hopper and anticipation for Blackwell – in full production – are incredible as foundation model makers scale pretraining, post-training and inference.“ – Jensen Huang, Founder and CEO ²³ (translation – original on hover)

revenue 2024-11-20
Revenue $35.1 billion, up 94% YoY (vs. 122% in Q2) and 17% sequentially; Data Center $30.8 billion, up 112% YoY, driven primarily by Hopper architecture demand for AI training and inferencing ⁴

Margin compressing 2024-11-20
Gross margin 74.6%, sequentially lower than Q2 due to mix shift from H100 to more complex, higher-cost Blackwell systems ⁴

New market 2024-11-20
Blackwell GPU debuted on MLPerf Training benchmark with up to 2.2x performance gains on large language model tasks; production shipments to cloud providers scheduled to begin Q4 FY2025 ²³

Operating income doubled 2024-11-20
Operating income more than doubled YoY (10,417.0 to 21,869.0 USDm, +110%). ⁴

Net income doubled 2024-11-20
Net income more than doubled YoY (9,243.0 to 19,309.0 USDm, +109%). ⁴

Revenue decelerating 2024-11-20
Revenue growth decelerated to +93.6% YoY (prior period +122.4%). ⁴

Net cash build 2024-11-20
Net cash position expanded to 645.0 USDm from 102.0 USDm in 2025-Q2 (+532%, derived from reported financial debt minus cash). ⁴

2025-Q2 · May – Jul 2024

„Hopper demand remains strong, and the anticipation for Blackwell is incredible. NVIDIA achieved record revenues as global data centers are in full throttle to modernize the entire computing stack with accelerated computing and generative AI.“ – Jensen Huang, Founder and CEO ²²

revenue 2024-08-28
Revenue $30.0 billion, up 122% YoY (vs. 262% in Q1) and 15% sequentially; Data Center $26.3 billion, up 154% YoY ³

Margin compressing 2024-08-28
Gross margin 75.1%, sequentially lower than Q1's 78.4%; inventory provisions for low-yielding Blackwell material negatively impacted Q2 gross margin by 2.7% ³

Net debt to net cash 2024-08-28
Net position shifted from net debt of $3.4 billion in Q1 to net cash; board approved $50.0 billion additional share repurchase authorization ²²

Operating income doubled 2024-08-28
Operating income more than doubled YoY (6,800.0 to 18,642.0 USDm, +174%). ³

Net income doubled 2024-08-28
Net income more than doubled YoY (6,188.0 to 16,599.0 USDm, +168%). ³

Revenue decelerating 2024-08-28
Revenue growth decelerated to +122.4% YoY (prior period +262.1%). ³

2025-Q1 · Feb – Apr 2024

„Our data center growth was fueled by strong and accelerating demand for generative AI training and inference on the Hopper platform. Beyond cloud service providers, generative AI has expanded to consumer internet companies, and enterprise, sovereign AI, automotive and healthcare customers, creating multiple multibillion-dollar vertical markets.“ – Jensen Huang, Founder and CEO ²¹

Margin expanding 2024-05-29
Gross margin expanded to 78.4% from 64.6% year-over-year, driven by strong Data Center revenue growth from the Hopper GPU computing platform ²

revenue 2024-05-22
Record quarterly revenue of $26.0 billion, up 262% YoY and 18% sequentially; Data Center revenue $22.6 billion, up 427% YoY, driven by Hopper GPU computing platform ²¹

Operating income doubled 2024-05-22
Operating income more than doubled YoY (2,140.0 to 16,909.0 USDm, +690%). ²¹

Net income doubled 2024-05-22
Net income more than doubled YoY (2,043.0 to 14,881.0 USDm, +628%). ²¹

Cash flow inflection 2024-05-22
Operating cash flow reached 15,345.0 USDm vs 2,911.0 USDm in 2024-Q1 (×5.3). ²¹

New market 2024-05-22
Blackwell platform entered full production for trillion-parameter-scale generative AI; customer samples planned for Q2 shipment with production ramp in H2 FY2025 ²¹

earnings 2024-02-21
Net cash from operating activities increased to $28.1B from $5.6B in the prior year; free cash flow reached $27.0B, reflecting the operating leverage generated by Data Center revenue growth (¹, ²⁴)

Margin expanding 2024-02-21
Full-year GAAP gross margin improved to 72.7% from 56.9%, primarily driven by Data Center revenue growth and lower net inventory provisions relative to the prior year (¹)

2024 · 22 events

FY2024 · Feb 2023 – Jan 2024

Operating income doubled 2024-02-21
Operating income more than doubled YoY (4,224.0 to 32,972.0 USDm, +681%). ¹

Net income doubled 2024-02-21
Net income more than doubled YoY (4,368.0 to 29,760.0 USDm, +581%). ¹

2024-Q4 · Nov 2023 – Jan 2024

„Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations.“ – Jensen Huang, founder and CEO ²⁰

earnings 2024-02-21
Q4 GAAP diluted EPS of $4.93, up 765% YoY against a prior-year Q4 depressed by elevated inventory provisions; full-year GAAP diluted EPS of $11.93, up 586% YoY (²⁰)

Revenue accelerating 2024-02-21
Record Data Center quarterly revenue of $18.4B, up 409% YoY and 27% QoQ; total Q4 revenue $22.1B, up 265% YoY and 22% QoQ (²⁰)

Operating income doubled 2024-02-21
Operating income more than doubled YoY (1,257.0 to 13,615.0 USDm, +983%). ¹²⁴

Net income doubled 2024-02-21
Net income more than doubled YoY (1,414.0 to 12,285.0 USDm, +769%). ¹²⁴

2024-Q3 · Aug – Oct 2023

„Our strong growth reflects the broad industry platform transition from general-purpose to accelerated computing and generative AI. Large language model startups, consumer internet companies and global cloud service providers were the first movers, and the next waves are starting to build. Nations and regional CSPs are investing in AI clouds to serve local demand, enterprise software companies are adding AI copilots and assistants to their platforms, and enterprises are creating custom AI to automate the world's largest industries. NVIDIA GPUs, CPUs, networking, AI foundry services and NVIDIA AI Enterprise software are all growth engines in full throttle. The era of generative AI is taking off.“ – Jensen Huang, founder and CEO ¹⁹

Revenue accelerating 2023-11-21
Record revenue of $18.12B, up 206% YoY and 34% QoQ; Data Center $14.51B, up 279% YoY and 41% QoQ, driven by HGX platform demand for large language models and generative AI applications (¹⁹)

Margin expanding 2023-11-21
Gross margin increased to 74.0% from 53.6% YoY on improved product mix from Data Center revenue growth and lower net inventory provisions; prior-year margin was depressed by higher inventory charges (¹²)

Guidance cut 2023-11-21
New USG export licensing requirements effective October 2023 for products exceeding certain performance thresholds destined to China and Country Groups D1, D4, D5; company expected a significant decline in China sales in Q4 FY2024 (¹²)

Operating income doubled 2023-11-21
Operating income more than doubled YoY (601.0 to 10,417.0 USDm, +1633%). ¹²

Net income doubled 2023-11-21
Net income more than doubled YoY (680.0 to 9,243.0 USDm, +1259%). ¹²

2024-Q2 · May – Jul 2023

„A new computing era has begun. Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI.“ – Jensen Huang, founder and CEO ¹⁸

Margin expanding 2023-08-28
GAAP gross margin expanded to 70.1% from 43.5% YoY, primarily reflecting higher Data Center revenue and lower inventory provisions; prior-year gross margin was compressed by elevated inventory write-downs (¹¹)

Guidance cut 2023-08-28
U.S. government export restrictions on A100 and H100 chips expanded to additional regions and certain Middle East customers, adding to forward revenue uncertainty in affected markets (¹¹)

Revenue accelerating 2023-08-23
Record revenue of $13.51B, up 101% YoY and 88% QoQ; Data Center reached $10.32B, up 171% YoY and 141% QoQ, driven by strong demand for the HGX platform for large language models and generative AI (¹⁸)

Operating income doubled 2023-08-23
Operating income more than doubled YoY (499.0 to 6,800.0 USDm, +1263%). ¹⁸

Net income doubled 2023-08-23
Net income more than doubled YoY (656.0 to 6,188.0 USDm, +843%). ¹⁸

Cash flow inflection 2023-08-23
Operating cash flow reached 6,348.0 USDm vs 1,270.0 USDm in 2023-Q2 (×5.0). ¹⁸

2024-Q1 · Feb – Apr 2023

„The computer industry is going through two simultaneous transitions – accelerated computing and generative AI. A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process. Our entire data center family of products – H100, Grace CPU, Grace Hopper Superchip, NVLink, Quantum 400 InfiniBand and BlueField-3 DPU – is in production. We are significantly increasing our supply to meet surging demand for them.“ – Jensen Huang, founder and CEO ¹⁷ (translation – original on hover)

revenue 2023-05-24
Data Center revenue reached a record $4.28B, up 14% YoY and 18% QoQ, while total Q1 revenue grew 19% sequentially on rising generative AI demand, even as overall revenue remained 13% below the prior-year level (¹⁷)

New market 2023-05-24
Launched four AI inference platforms combining full-stack inference software with Ada, Hopper, and Grace Hopper processors, and introduced NVIDIA AI Foundations for enterprise custom large language model development (¹⁷)

Margin compressing 2023-02-24
GAAP gross margin declined to 56.9% from 64.9% primarily due to $2.17 billion in inventory provisions ⁹

Divestiture 2023-02-24
Terminated Share Purchase Agreement with SoftBank for acquisition of Arm Limited due to significant regulatory challenges; recorded $1.35 billion acquisition termination cost ⁹

Strategic pivot 2023-02-24
U.S. government announced new export license requirements in Q3 FY2023 on certain data center products to China and Russia; NVIDIA stopped direct sales to Russia and closed business operations there ⁹

Key Figures ($m)#

The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Basis Metric

Revenue ($m) · annual basis, as reported

Net income ($m) · annual basis, as reported

EPS ($) · annual basis, as reported

Operating cash flow ($m) · annual basis, as reported

Revenue ($m) · quarterly basis, as reported

Net income ($m) · quarterly basis, as reported

EPS ($) · quarterly basis, as reported

Operating cash flow ($m) · quarterly basis, as reported

Cash ($m) · annual basis, as reported

Debt ($m) · annual basis, as reported

Net Debt ($m) · annual basis, as reported

Capex ($m) · annual basis, as reported

FCF ($m) · annual basis, as reported

D&A ($m) · annual basis, as reported

Cash ($m) · quarterly basis, as reported

Debt ($m) · quarterly basis, as reported

Net Debt ($m) · quarterly basis, as reported

Capex ($m) · quarterly basis, as reported

FCF ($m) · quarterly basis, as reported

D&A ($m) · quarterly basis, as reported

Shown: the most recent fiscal years. Full history since FY2016 is on record.

Fiscal years

Amounts in $m · EPS in $ per share · as reported

Period	Calendar quarter	Revenue	Op. income	Op. income (adj.)	Net income	EPS ($)	EPS adj. ($)	OCF	Source
FY2026	Q1/2025–Q1/2026	215,938	130,387	132,568	120,067	4.90	4.77	102,718	¹³
FY2025	Q1/2024–Q1/2025	130,497	81,453	86,789	72,880	2.94	2.99	64,089	²⁴
FY2024	Q1/2023–Q1/2024	60,922	32,972	37,134	29,760	1.19	1.30	28,090	¹

Quarters

Amounts in $m · EPS in $ per share · Net Debt/EBITDA as a multiple · as reported

Period	Calendar quarter	Published	Revenue	Op. income	Op. income (adj.)	Net income	EPS ($)	EPS adj. ($)	FCF	Cash	Net Debt	Net Debt/EBITDA (x)	Source
2027-Q2*	Q2–Q3/2026	2026-08-26	96,221	63,734	63,956	59,688	2.46	2.22	21,400	22,443	11,923	–	¹⁵
2027-Q1*	Q1–Q2/2026	2026-05-20	81,615	53,536	53,783	58,321	2.39	1.87	48,587	13,237	-3,767	–	¹⁴
2026-Q4*	Q4/2025–Q1/2026	2026-02-25	68,127	44,299	44,474	42,960	1.76	1.59	34,904	10,605	-1,138	–	¹²⁸
2026-Q3*	Q3–Q4/2025	2025-11-19	57,006	36,010	37,752	31,910	1.30	1.30	22,115	11,486	-2,020	–	⁸
2026-Q2*	Q2–Q3/2025	2025-08-27	46,743	28,440	28,541	26,422	1.08	1.01	13,470	11,639	-3,173	–	⁷
2026-Q1*	Q1–Q2/2025	2025-05-28	44,062	21,638	21,801	18,775	0.76	0.78	26,187	15,234	-6,770	–	⁶
2025-Q4*	Q4/2024–Q1/2025	2025-02-26	39,331	24,034	25,516	22,091	0.89*	0.89	15,552	8,589	-126	–	⁵
2025-Q3*	Q3–Q4/2024	2024-11-20	35,082	21,869	23,276	19,309	0.78	0.81	16,814	9,107	-645	–	⁴
2025-Q2*	Q2–Q3/2024	2024-08-28	30,040	18,642	19,937	16,599	0.67	0.68	13,511	8,563	-102	–	³
2025-Q1*	Q1–Q2/2024	2024-05-22	26,044	16,909	–	14,881	0.60	6.12	14,976	7,587	3,373	0.1x (LTM)	²¹
2024-Q4*	Q4/2023–Q1/2024	2024-02-21	22,103	13,615	14,749	12,285	0.49*	0.52	11,245	7,280	3,679	0.1x (LTM)	¹
2024-Q3*	Q3–Q4/2023	2023-11-21	18,120	10,417	11,557	9,243	0.37*	4.02	7,054	5,519	5,436	0.2x (LTM)	¹²
2024-Q2*	Q2–Q3/2023	2023-08-23	13,507	6,800	7,776	6,188	0.25	2.70	6,059	5,783	5,171	0.4x (LTM)	¹⁸
2024-Q1*	Q1–Q2/2023	2023-05-24	7,192	2,140	3,052	2,043	0.82	1.09	2,663	5,079	7,125	–	¹⁷

* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.

EPS/EPS adj. before 2020-08-19 split-adjusted (÷4; stock split detected via implied diluted share count).

Columns not reported in this reporting cadence are hidden: EBITDA (adj.) (not reported in any source for these periods).

Balance Sheet & Cash Flow ($m)#

Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.

Fiscal years

Amounts in $m · as reported

Period	Calendar quarter	Published	Cash	Debt	Net Debt	D&A	OCF	Capex	FCF	Source
FY2026	Q1/2025–Q1/2026	2026-02-25	10,605	9,467	-1,138	2,843	102,718	6,042	96,676	¹³
FY2025	Q1/2024–Q1/2025	2025-02-26	8,589	8,463	-126	1,864	64,089	3,236	60,853	⁵
FY2024	Q1/2023–Q1/2024	2024-02-21	7,280	10,959	3,679	1,508	28,090	1,069	27,021	¹

Quarters

Amounts in $m · as reported

Period	Calendar quarter	Published	Cash	Debt	Net Debt	D&A	OCF	Capex	FCF	Source
2027-Q2	Q2–Q3/2026	2026-08-26	22,443	34,366	11,923	1,127	24,077	2,677	21,400	¹⁵
2027-Q1	Q1–Q2/2026	2026-05-20	13,237	9,470	-3,767	997	50,344	1,757	48,587	¹⁴
2026-Q4	Q4/2025–Q1/2026	2026-02-25	10,605	9,467	-1,138	812	36,188	1,284	34,904	¹²⁸
2026-Q3	Q3–Q4/2025	2025-11-19	11,486	9,466	-2,020	751	23,751	1,636	22,115	⁸
2026-Q2	Q2–Q3/2025	2025-08-27	11,639	8,466	-3,173	669	15,365	1,895	13,470	⁷
2026-Q1	Q1–Q2/2025	2025-05-28	15,234	8,464	-6,770	611	27,414	1,227	26,187	⁶
2025-Q4	Q4/2024–Q1/2025	2025-02-26	8,589	8,463	-126	543	16,629	1,077	15,552	⁵
2025-Q3	Q3–Q4/2024	2024-11-20	9,107	8,462	-645	478	17,627	813	16,814	⁴
2025-Q2	Q2–Q3/2024	2024-08-28	8,563	8,461	-102	433	14,488	977	13,511	³
2025-Q1	Q1–Q2/2024	2024-05-22	7,587	10,960	3,373	410	15,345	369	14,976	²¹
2024-Q4	Q4/2023–Q1/2024	2024-02-21	7,280	10,959	3,679	387	11,499	254	11,245	¹
2024-Q3	Q3–Q4/2023	2023-11-21	5,519	10,955	5,436	372	7,332	278	7,054	¹²
2024-Q2	Q2–Q3/2023	2023-08-23	5,783	10,954	5,171	365	6,348	289	6,059	¹⁸
2024-Q1	Q1–Q2/2023	2023-05-24	5,079	12,204	7,125	384	2,911	248	2,663	¹⁷

Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.

Revenue by Type (as of 2027-Q2 · USDm · 9/12)#

Revenue split by segment or product type, exactly as the company itself reports it. The basis is stated next to each value (3, 6 or 12 months); segment totals can deviate from group revenue (reconciliation/consolidation items). If the company changes its segment structure, older structures are kept in the expandable part. Rows in grey are no longer reported separately by the company; they show the last available figures and are never extrapolated.

Segment	Since	Period	Basis	Revenue	Growth	Source
Hyperscale	2027-Q1	2027-Q2	3M	48,710	102%	¹⁵
AI Clouds, Industrial, & Enterprise	2027-Q1	2027-Q2	3M	40,313	138%	¹⁵
Edge Computing	2027-Q1	2027-Q2	3M	7,200	27%	³⁰
Data Center	2023-Q4	2027-Q2	3M	89,000	117%	³⁰
Compute & Networking	2023-Q3	2027-Q2	3M	88,299	114%	¹⁵
Graphics	2023-Q3	2027-Q2	3M	7,922	46%	¹⁵
Automotive and Robotics	2025-Q1	FY2026	12M?	2,300	39%	²⁸
Gaming	2023-Q4	FY2026	12M?	16,000	41%	²⁸
Professional Visualization	2023-Q4	FY2026	12M?	3,200	70%	²⁸
Gaming and AI PC	2025-Q1	2025-Q1	3M	2,600	8%	²¹
Automotive	2024-Q1	FY2024	12M?	1,100	21%	²⁰
Automotive and Embedded	2023-Q4	2023-Q4	3M	294	135%	¹⁶

Products & M&A (72/193 active+recent)#

Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. “Active/current” means: still mentioned in the most recent reports; what the company no longer mentions moves to the expandable part but is never deleted. Rows in grey are discontinued products.

Product/Line	Since	Status	Source
SB Energy PORTS Technology Campus data center	2029	Launched	¹⁵
Uber autonomous vehicle fleet deployment	2027-03	Launched	²⁹
Strategic partnership with Marvell via NVLink Fusion	2027-03	Launched	²⁹
NVIDIA Vera Rubin platform including Vera CPU	2027-03	Launched	²⁹
NVIDIA OpenShell with privacy and security controls	2027-03	Launched	²⁹
NVIDIA Omniverse NuRec autonomous driving technology	2027-03	Launched	²⁹
NVIDIA Nemotron Coalition	2027-03	Launched	²⁹
NVIDIA NemoClaw for OpenClaw agent platform	2027-03	Launched	²⁹
NVIDIA Halos OS unified safety architecture	2027-03	Launched	²⁹
NVIDIA Dynamo 1.0 open source software	2027-03	Launched	²⁹
NVIDIA DLSS 5 next generation graphics	2027-03	Launched	²⁹
NVIDIA BlueField-4 STX accelerated storage infrastructure	2027-03	Launched	²⁹
NVIDIA Alpamayo 1.5 open model	2027-03	Launched	²⁹
NVIDIA Agent Toolkit open source platform	2027-03	Launched	²⁹
Multi-year strategic agreements with Coherent, Corning and Lumentum	2027-03	Launched	²⁹
Hyundai Motor Company and Kia next-generation autonomous driving partnership	2027-03	Launched	²⁹
Google Gemini models on Google Distributed Cloud with Blackwell	2027-03	Launched	²⁹
Vera Rubin Data Center architecture	2027	Launched	¹⁵
New AI cloud business model	2027	Launched	¹⁵
Nemotron 3 family of open models	2026-12	Launched	²⁸
NVIDIA G-SYNC Pulsar	2026-12	Launched	²⁸
NVIDIA Earth-2 family of models	2026-12	Launched	²⁸
NVIDIA BioNeMo expansion	2026-12	Launched	²⁸
NVIDIA Alpamayo family for autonomous vehicles	2026-12	Launched	²⁸
Mercedes-Benz CLA with NVIDIA DRIVE AV software	2026-12	Launched	²⁸
NVIDIA Rubin CPX	2026-09	Launched	²⁷
NVIDIA RTX Remix update with advanced path-traced particle system	2026-09	Launched	²⁷
NVIDIA NVQLink	2026-09	Launched	²⁷
NVIDIA IGX Thor (2x)	2026-09	Launched	²⁹
NVIDIA DRIVE AGX Hyperion 10	2026-09	Launched	²⁷
NVIDIA Blueprint for 3D object generation	2026-09	Launched	²⁷
NVIDIA BlueField-4	2026-09	Launched	²⁷
NVIDIA Blackwell	2026-09	Launched	²⁷
Equinox supercomputer	2026-09	Launched	²⁷
DOE Solstice supercomputer with Oracle	2026-09	Launched	²⁷
Borderlands 4 with NVIDIA DLSS 4 (2x)	2026-09	Launched	²⁷
ARC Raiders with NVIDIA DLSS 4	2026-09	Launched	²⁷
NVIDIA Vera Rubin platform	2026-07	Launched	³⁰
NVIDIA Vera CPU	2026-07	Launched	³⁰
NVIDIA Vera BlueField-4 STX	2026-07	Launched	³⁰
NVIDIA RTX Spark for Windows PC	2026-07	Launched	³⁰
NVIDIA Halos for Robotics	2026-07	Launched	³⁰
NVIDIA DSX platform (2x)	2026-07	Launched	²⁷
NVIDIA DGX Station for Windows	2026-07	Launched	³⁰
NVIDIA BioNeMo Agent Toolkit	2026-07	Launched	³⁰
NVIDIA Alpamayo 2 Super	2026-07	Launched	³⁰
Groq 3 LPX	2026-07	Launched	³⁰
NVIDIA RTX PRO 4500 Blackwell Server Edition GPU (3×)	2026-06	Launched	²⁹
NVIDIA Omniverse libraries and software development kits	2026-06	Launched	²⁶
NVIDIA Jetson AGX Thor developer kit and production modules	2026-06	Launched	²⁶
NVIDIA Halos full-stack safety platform	2026-06	Launched	²⁶
NVIDIA DRIVE AGX Thor system-on-a-chip	2026-06	Launched	²⁶
NVFP4 4-bit format	2026-06	Launched	²⁶
Blackwell for GeForce NOW with Install-to-Play	2026-06	Launched	²⁶
Blackwell Ultra platforms	2026-06	Launched	⁶
NVIDIA research center in Japan with quantum research supercomputer	2026-03	Launched	²⁵
NVIDIA Rubin platform	2026-03	Launched	²⁸
NVIDIA AI factories in U.S.	2026-03	Launched	²⁵
HUMAIN AI factories in Kingdom of Saudi Arabia	2026-03	Launched	²⁵
AI factory supercomputer with Foxconn and Taiwan government	2026-03	Launched	²⁵
H200 licensing for China	2026-02	Launched	¹⁴
Rubin platform	2026	Launched	¹⁴
NVIDIA NVLink Fusion	2026	Launched	¹³
NVIDIA BlueField-4 data processor for Inference Context Memory Storage Platform	2026	Launched	²⁸
DGX Spark (2×)	2025-09	Launched	²⁷
H20 licensed sales to China (2×)	2025-08	Launched	¹³
NVIDIA Spectrum-XGS Ethernet (2×)	2025-06	Launched	²⁶
Blackwell Ultra platforms including GB300	2025-06	Launched	¹³
NVIDIA RTX PRO Blackwell series (2×)	2025-03	Launched	²⁸
NVIDIA Isaac GR00T Reference Humanoid Robot (2×)	2025-03	Launched	³⁰
NVIDIA Isaac GR00T N1.5 (4×)	2025-03	Launched	²⁹
NVIDIA GeForce RTX 5060 (2×)	2025-03	Launched	²⁶
Blackwell Production Ramp	2025-12	Launched	³
Blackwell Data Center Architecture	2025-12	Launched	⁴
H20 product licensing under USG restrictions	2025-08	Launched	⁷
H20 license for certain China-based customers	2025-08	Launched	⁸
RTX Games Total 600+	2025-06	Launched	³
NVIDIA Inference Microservices (NIM) Broad Availability	2025-06	Launched	³
NVIDIA H200 and Blackwell B200 MLPerf Results	2025-06	Launched	³
NVIDIA Autonomous Grand Challenge Win	2025-06	Launched	³
GeForce NOW Expansion to Japan	2025-06	Launched	³
Blackwell GPU Mask Change	2025-06	Launched	³
AI Diffusion IFR rescission announcement	2025-05	Launched	⁶
H20 export licensing requirement	2025-04	Launched	⁶
Stargate UAE AI infrastructure cluster	2025-03	Launched	²⁵
Nintendo Switch 2	2025-03	Launched	²⁵
NVIDIA RTX Remix modding platform	2025-03	Launched	²⁵
NVIDIA Dynamo	2025-03	Launched	²⁵
NVIDIA DLSS 3 (3×)	2025-03	Launched	⁹
NVIDIA DGX Spark and DGX Station personal AI supercomputers	2025-03	Launched	²⁵
NVIDIA Cosmos 3 (4×)	2025-03	Launched	²⁴
NVIDIA Blackwell Ultra	2025-03	Launched	²⁵
Half-Life 2 RTX demo	2025-03	Launched	²⁵
NVIDIA Spectrum-X Ethernet networking switches (3×)	2025	Launched	¹⁹
NVIDIA Reflex 2 technology	2025	Launched	²⁴
NVIDIA RTX 500 and 1000 professional Ada generation laptop GPUs	2025	Launched	²
NVIDIA Project DIGITS personal AI supercomputer	2025	Launched	²⁴
NVIDIA Media2 AI-powered content initiative	2025	Launched	²⁴
NVIDIA Jetson Orin Nano Super	2025	Launched	²⁴
NVIDIA DRIVE Thor platform adoption by BYD, XPENG, GAC AION Hyper, Nuro	2025	Launched	²
NVIDIA DLSS 4 with Multi Frame Generation	2025	Launched	²⁴
NVIDIA Blackwell architecture	2025	Launched	¹³
NVIDIA Blackwell GeForce RTX 50 Series	2025	Launched	¹³
NVIDIA AI Enterprise 5.0 with NIM Inference Microservices	2025	Launched	²
Lucid and IM Motors adoption of NVIDIA DRIVE Orin platform	2025	Launched	²
Grace Hopper Superchips deployment in nine new supercomputers	2025	Launched	²
GeForce RTX 5090 and 5080 graphics cards (2x)	2025	Launched	²⁴
China-specific Data Center products not requiring export licenses	2025	Launched	⁴
Blackwell architecture production systems	2025	Launched	⁵
Blackwell GPU architecture	2025	Launched	⁷
NVIDIA RTX 2000 Ada Generation GPU	2024-12	Launched	²⁰
NVIDIA NeMo Retriever	2024-12	Launched	²⁰
GeForce RTX 40-Series SUPER GPUs	2024-12	Launched	²⁰
xAI Colossus supercomputer cluster with 100,000 NVIDIA Hopper GPUs and NVIDIA Spectrum-X Ethernet networking	2024-10	Launched	²³
Volvo new electric SUV built on NVIDIA accelerated computing	2024-10	Launched	²³
SoftBank AI supercomputer with NVIDIA Blackwell platform and world's first combined AI and 5G telecom network	2024-10	Launched	²³
RTX AI PCs from ASUS and MSI with Microsoft Copilot+ capabilities	2024-10	Launched	²³
Project GR00T AI and simulation tools for robot learning and humanoid development	2024-10	Launched	²³
Partnership with Foxconn to build Taiwan's fastest AI supercomputer with NVIDIA Blackwell	2024-10	Launched	²³
Partnership expansion with Lenovo for hybrid AI solutions and systems	2024-10	Launched	²³
NVIDIA Hopper H200-powered instances in AWS, CoreWeave, Microsoft Azure; Google Cloud and Oracle Cloud coming soon	2024-10	Launched	²³
NVIDIA Holoscan for Media platform for AI-enabled media and video pipelines	2024-10	Launched	²³
NVIDIA Blackwell design foundational elements contributed to Open Compute Project	2024-10	Launched	²³
NVIDIA AI Aerial platform launch for telecommunications	2024-10	Launched	²³
Foxconn using NVIDIA Omniverse for digital twins; three factories for GB200 Grace Blackwell Superchips brought online faster	2024-10	Launched	²³
Denmark's largest sovereign AI supercomputer with NVIDIA DGX SuperPOD and 1,528 H100 Tensor Core GPUs	2024-10	Launched	²³
Blackwell GPU on MLPerf Training benchmarks with up to 2.2x performance gains	2024-10	Launched	²³
20 new GeForce RTX and DLSS titles including Indiana Jones and the Great Circle and Dragon Age: The Veilguard	2024-10	Launched	²³
Star Wars Outlaws on GeForce NOW	2024-08	Launched	²²
Share Repurchase Authorization Increase	2024-08	Launched	³
Project G-Assist technology preview	2024-08	Launched	²²
NVIDIA ACE generative AI suite with Nemotron-4 4B available in early access	2024-08	Launched	²²
GeForce NOW service launched in Japan	2024-08	Launched	²²
Blackwell B200 processor samples shipping	2024-08	Launched	²²
Black Myth: Wukong on GeForce NOW	2024-08	Launched	²²
Quarterly Cash Dividend Increase	2024-06	Launched	³
NVIDIA GH200 with HBM3e memory (second-generation)	2024-06	Launched	¹⁸
Spectrum-X market expansion	2024-05	Launched	²¹
NVIDIA Spectrum X800 series switches	2024-05	Launched	²¹
NVIDIA Quantum switches	2024-05	Launched	²¹
NVIDIA AI Enterprise 5.0 launch	2024-05	Launched	²¹
Blackwell platform in full production	2024-05	Launched	²¹
NVIDIA Spectrum-X integration in Dell, HPE, Lenovo servers	2024-03	Launched	¹²
Six new GPUs based on NVIDIA RTX Ada Lovelace architecture	2024	Launched	¹⁰
Project Helix collaboration with Dell Technologies for full-stack generative AI solutions	2024	Stable	¹⁰
Partnership with ServiceNow for generative AI across enterprise IT	2024	Stable	¹⁰
NVIDIA RTX Ada Lovelace architecture GPUs (Professional Visualization)	2024	Launched	¹
NVIDIA DGX Cloud launch (2x)	2024	Launched	⁹
NVIDIA DGX Cloud and AI Foundations	2024	Launched	¹
NVIDIA AI Foundations introduction	2024	Launched	¹⁰
Microsoft Azure H200 GPU instances	2024	Launched	¹⁹
Grace CPU and Grace Hopper Superchip shipments began	2024	Launched	¹
Google Cloud as first cloud provider to offer NVIDIA L4 Tensor Core GPU	2024	Stable	¹⁰
GeForce RTX 4060 and 4070 GPUs (Ada Lovelace architecture)	2024	Launched	¹
Four AI inference platforms combining full-stack inference software launched	2024	Launched	¹⁰
Collaboration with Medtronic on AI platform for medical devices	2024	Stable	¹⁰
BYD Auto to extend use of NVIDIA DRIVE Orin platform	2024	Stable	¹⁰
Microsoft 10-year agreement for Xbox PC games on GeForce NOW	2023-12	Launched	¹⁶
Lockheed Martin collaboration for digital weather twin	2023-12	Launched	¹⁶
GeForce RTX 4070 Ti	2023-12	Launched	¹⁶
GeForce RTX 40 Series for laptops	2023-12	Launched	¹⁶
GeForce NOW Ultimate membership tier	2023-12	Launched	¹⁶
Foxconn strategic partnership for autonomous vehicle platforms	2023-12	Launched	¹⁶
Dell PowerEdge systems with NVIDIA acceleration (15 next-generation systems)	2023-12	Launched	¹⁶
DLSS 3 availability in 50+ games and apps	2023-12	Launched	¹⁶
NVIDIA GH200 Grace Hopper Superchip (2x)	2023-10	Launched	¹¹
RTX 5000, RTX 4500, RTX 4000 desktop workstation GPUs	2023-09	Launched	¹⁸
NVIDIA Spectrum-X	2023-09	Launched	¹⁸
H100 Tensor Core GPU cloud instances with AWS, Azure	2023-09	Launched	¹⁸
NVIDIA Omniverse Cloud in Microsoft Azure (2x)	2023-03	Launched	¹⁰
GeForce RTX 4070 GPU	2023-03	Launched	¹⁰
GeForce RTX 4060 family of GPUs	2023-03	Launched	¹⁷
TensorRT-LLM for Windows (2x)	2023	Launched	¹
Partnership with XPENG for G6 Coupe SUVs using NVIDIA DRIVE Orin	2023	Launched	¹¹
NVIDIA Spectrum-X accelerated networking platform (2x)	2023	Launched	¹
NVIDIA RTX 6000 Ada Generation workstations (5x)	2023	Launched	²
NVIDIA Omniverse platform (major release)	2023	Launched	¹¹
NVIDIA Omniverse Cloud (6x)	2023	Launched	¹
NVIDIA MGX server reference design	2023	Launched	¹¹
NVIDIA L40S GPU	2023	Launched	¹¹
NVIDIA Hopper GPU architecture	2023	Launched	⁹
NVIDIA Grace CPU	2023	Launched	¹³
NVIDIA DRIVE Thor	2023	Launched	⁹
NVIDIA DRIVE Orin autonomous vehicle SOC	2023	Launched	⁹
Hopper architecture GPU with flagship H100	2023	Launched	⁹
GeForce RTX 4090, RTX 4080, RTX 4070 Ti desktop GPUs	2023	Launched	⁹
GeForce RTX 4060 family	2023	Launched	¹¹
GeForce RTX 40 Series gaming GPUs	2023	Launched	⁹
Earth-2 digital twin platform	2023	Launched	⁹
DLSS 3.5 Ray Reconstruction	2023	Launched	¹
Ada Lovelace GPU architecture	2023	Launched	⁹
AI foundry service (2×)	2023	Launched	¹²
NVIDIA Tensor Core GPU (3x)	2017	Launched	¹⁹

▸ More products & M&A (older) (+178)

M&A (17)#

All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.

Acquisitions · 14Divestitures/exits · 0older: 3 (in the table)

Acquisitions

Transaction / stake	Date	Type	Source
Siemens industrial AI operating system partnership	2026-12	Completed	²⁸
Lilly co-innovation AI lab	2026-12	Completed	²⁸
Dassault Systèmes industrial AI platform partnership	2026-12	Completed	²⁸
Meta multiyear strategic partnership	2026	Completed	²⁸
Investment and partnership agreement with OpenAI	2026	Announced	¹³
Groq licensing agreement	2026	Announced	²⁸
Anthropic investment and partnership	2026	Completed	²⁸
Anthropic equity investment agreement	2025-11	Announced	⁸
OpenAI investment opportunity letter of intent	2025-09	Completed	⁸
Intel Corporation equity investment commitment	2025-09	Completed	⁸
Stargate Project partnership	2025	Completed	²⁴
Ten-for-one forward stock split	2024-06	Completed	²¹
Collaboration with Foxconn for next-generation electric vehicles	2024	Completed	¹
Partnership with MediaTek for automotive systems on chips	2023	Completed	¹
Mellanox acquisition	2020	Completed	¹³

Divestitures / exits

Transaction / stake	Date	Type	Source
Arm Share Purchase Agreement termination	2022-02	Divested	⁹
Arm Limited acquisition	2022-02	Divested	⁹

Reported KPIs (as disclosed) (219)#

Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.

Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.

Date	Period	KPI	Value / change	Source
2026-08-26	2027-Q2	Shares repurchased and cash dividends	approximately $26.0 billion	³⁰
2026-08-26	2027-Q2	Remaining share repurchase authorization	approximately $99.0 billion	³⁰
2026-08-26	2027-Q2	Quarterly cash dividend per share	$0.25	³⁰
2026-08-26	2027-Q2	Unrecognized Tax Benefits	$5.0 billion	¹⁵
2026-08-26	2027-Q2	Net cash provided by operating activities	$74,421	¹⁵
2026-08-26	2027-Q2	Marketable equity securities	$42.8 billion	¹⁵
2026-08-26	2027-Q2	Marketable debt securities	$34,143	¹⁵
2026-08-26	2027-Q2	Edge Computing revenue	$7.2 billion	³⁰
2026-08-26	2027-Q2	Data Center revenue	$89.0 billion	³⁰
2026-08-26	2027-Q2	Cash, cash equivalents, and marketable debt securities	$56,586	¹⁵
2026-08-26	2027-Q2	Cash and cash equivalents	$22,443	¹⁵
2026-05-20	2027-Q1	unrecognized tax benefits	4.5 billion	¹⁴
2026-05-20	2027-Q1	shares repurchased	108 million	¹⁴
2026-05-20	2027-Q1	share repurchases	20.2 billion	¹⁴
2026-05-20	2027-Q1	share repurchase authorization remaining	38.5 billion	¹⁴
2026-05-20	2027-Q1	publicly held equity securities hypothetical decline prior	1.8 billion decrease at 10% decline	¹⁴
2026-05-20	2027-Q1	publicly held equity securities hypothetical decline	3.9 billion decrease at 10% decline	¹⁴
2026-05-20	2027-Q1	no China data center Hopper shipments	0	¹⁴
2026-05-20	2027-Q1	new share repurchase authorization	80.0 billion	¹⁴
2026-05-20	2027-Q1	net carrying amount debt	8,470 (USD in millions)	¹⁴
2026-05-20	2027-Q1	marketable equity securities	30.2 billion	¹⁴
2026-05-20	2027-Q1	marketable debt securities	37,098 (USD in millions)	¹⁴
2026-05-20	2027-Q1	International Revenue % Prior Year	42%	¹⁴
2026-05-20	2027-Q1	International Revenue % Current	22%	¹⁴
2026-05-20	2027-Q1	Indirect Customer Revenue Concentration	significant amount	¹⁴
2026-05-20	2027-Q1	Gross Margin Unfavorable Impact	1.2%	¹⁴
2026-05-20	2027-Q1	Effective Tax Rate	16.6%	¹⁴
2026-05-20	2027-Q1	Ecosystem Investments	18.6 billion	¹⁴
2026-05-20	2027-Q1	Dividend Per Share Previous	0.01	¹⁴
2026-05-20	2027-Q1	Dividend Per Share New	0.25	¹⁴
2026-05-20	2027-Q1	Direct Customer Concentration Top 3	21%, 17%, and 16% of total revenue	¹⁴
2026-05-20	2027-Q1	Direct Customer Concentration Prior Year Top 2	16% and 14% of total revenue	¹⁴
2026-05-20	2027-Q1	Debt Due Within One Year	1,000 (USD in millions)	¹⁴
2026-05-20	2027-Q1	Debt Due One to Five Years	2,750 (USD in millions)	¹⁴
2026-05-20	2027-Q1	Debt Due Greater Than Ten Years	3,500 (USD in millions)	¹⁴
2026-05-20	2027-Q1	Debt Due Five to Ten Years	1,250 (USD in millions)	¹⁴
2026-05-20	2027-Q1	Commercial Paper Outstanding	0	¹⁴
2026-05-20	2027-Q1	Commercial Paper Authorization	25.0 billion	¹⁴
2026-05-20	2027-Q1	Cash Dividends	243 million	¹⁴
2026-05-20	2027-Q1	Cash and Equivalents	13,237 (USD in millions)	¹⁴
2026-05-20	2027-Q1	Edge Computing revenue	$6.4 billion	²⁹
2026-05-20	2027-Q1	Data Center revenue	$75.2 billion	²⁹
2026-05-20	2027-Q1	Data Center networking revenue	$14.8 billion	²⁹
2026-05-20	2027-Q1	Data Center compute revenue	$60.4 billion	²⁹
2026-02-25	FY2026	Unrecognized Tax Benefits	4.0 billion	¹³
2026-02-25	FY2026	Share Repurchases	282 million shares for $40.4 billion	¹³
2026-02-25	FY2026	Private company investments	$17.5 billion	¹³
2026-02-25	FY2026	Operating income margin	60.4%	¹³
2026-02-25	FY2026	Net income margin	55.6%	¹³
2026-02-25	FY2026	Land power shell guarantees	$3.5 billion	¹³
2026-02-25	FY2026	Income tax expense	21.4 billion	¹³
2026-02-25	FY2026	H20 revenue	approximately $60 million	¹³
2026-02-25	FY2026	Gross margin	71.1%	¹³
2026-02-25	FY2026	Effective tax rate	15.1%	¹³
2026-02-25	FY2026	Data Center revenue growth	59%	¹³
2026-02-25	FY2026	Data Center networking growth	142%	¹³
2026-02-25	FY2026	Capital expenditures	6.1 billion	¹³
2026-02-25	2026-Q4	Professional Visualization revenue	$1.3 billion	²⁸
2026-02-25	2026-Q4	Gaming revenue	$3.7 billion	²⁸
2026-02-25	2026-Q4	Data Center revenue	$62.3 billion	²⁸
2026-02-25	2026-Q4	Automotive revenue	$604 million	²⁸
2025-11-19	2026-Q3	Total liquidity	60,608	⁸
2025-11-19	2026-Q3	Share repurchase authorization	62.2 billion	⁸
2025-11-19	2026-Q3	Marketable securities	49,122	⁸
2025-11-19	2026-Q3	Committed Intel investment	5 billion	⁸
2025-11-19	2026-Q3	Committed Anthropic investment	10 billion	⁸
2025-11-19	2026-Q3	Cash and Equivalents	11,486 (USD millions)	⁸
2025-11-19	2026-Q3	Share repurchase authorization remaining	62.2 billion	²⁷
2025-11-19	2026-Q3	Quarterly cash dividend per share	0.01	²⁷
2025-11-19	2026-Q3	Professional Visualization revenue	760 million	²⁷
2025-11-19	2026-Q3	Gaming revenue	4.3 billion	²⁷
2025-11-19	2026-Q3	Data Center revenue	51.2 billion	²⁷
2025-11-19	2026-Q3	Cash returned to shareholders nine months	37.0 billion	²⁷
2025-11-19	2026-Q3	Automotive revenue	592 million	²⁷
2025-08-27	2026-Q2	Shareholder returns (H1 FY2026)	$24.3 billion	²⁶
2025-08-27	2026-Q2	Remaining share repurchase authorization (end Q2)	$14.7 billion	²⁶
2025-08-27	2026-Q2	Professional Visualization revenue	$601 million	²⁶
2025-08-27	2026-Q2	Next quarterly cash dividend per share	$0.01	²⁶
2025-08-27	2026-Q2	Net cash used in investing activities	$(12,343)	⁷
2025-08-27	2026-Q2	Net cash used in financing activities	$(27,386)	⁷
2025-08-27	2026-Q2	Net cash provided by operating activities	$42,779	⁷
2025-08-27	2026-Q2	Marketable securities	$45,152	⁷
2025-08-27	2026-Q2	H20 unrestricted sales	$650 million	²⁶
2025-08-27	2026-Q2	Gross margin	72.4%	⁷
2025-08-27	2026-Q2	Gaming revenue	$4.3 billion	²⁶
2025-08-27	2026-Q2	Data Center revenue	$41.1 billion	²⁶
2025-08-27	2026-Q2	Cash, cash equivalents and marketable securities	$56,791	⁷
2025-08-27	2026-Q2	Cash and cash equivalents	$11,639	⁷
2025-08-27	2026-Q2	Blackwell Data Center sequential growth	17%	²⁶
2025-08-27	2026-Q2	Automotive revenue	$586 million	²⁶
2025-08-27	2026-Q2	Additional share repurchase authorization (approved August 26, 2025)	$60.0 billion	²⁶
2025-05-28	2026-Q1	Professional Visualization revenue	$509 million	²⁵
2025-05-28	2026-Q1	Gaming revenue	$3.8 billion	²⁵
2025-05-28	2026-Q1	Data Center revenue	$39.1 billion	²⁵
2025-05-28	2026-Q1	Automotive and Robotics revenue	$567 million	²⁵
2025-02-26	FY2025	shares repurchased	310 million shares	⁵
2025-02-26	FY2025	share repurchases	$34.0 billion	⁵
2025-02-26	FY2025	Operating cash flow	$64,089 million	⁵
2025-02-26	FY2025	Marketable securities	$34,621 million	⁵
2025-02-26	FY2025	Investing cash flow	$(20,421) million	⁵
2025-02-26	FY2025	Financing cash flow	$(42,359) million	⁵
2025-02-26	FY2025	Cash Dividends	$834 million	⁵
2025-02-26	FY2025	Cash and marketable securities	$43,210 million	⁵
2025-02-26	FY2025	Cash and Equivalents	$8,589 million	⁵
2025-02-26	FY2025	Capex	$3.4 billion	⁵
2025-02-26	FY2025	Professional Visualization revenue	$1.9 billion	²⁴
2025-02-26	FY2025	Gaming revenue	$11.4 billion	²⁴
2025-02-26	FY2025	Data Center revenue	$115.2 billion	²⁴
2025-02-26	FY2025	Automotive and Robotics revenue	$1.7 billion	²⁴
2024-11-20	2025-Q3	Unrecognized Tax Benefits	1.9 billion	⁴
2024-11-20	2025-Q3	Share repurchase authorization remaining	46.4 billion	⁴
2024-11-20	2025-Q3	Revenue from sales outside United States - Q3 FY2025	58%	⁴
2024-11-20	2025-Q3	Revenue from sales outside United States - Nine Months FY2025	55%	⁴
2024-11-20	2025-Q3	Professional Visualization revenue	$486 million	²³
2024-11-20	2025-Q3	Networking revenue	3.1 billion	⁴
2024-11-20	2025-Q3	Gaming revenue	$3.3 billion	²³
2024-11-20	2025-Q3	Data Center revenue	$30.8 billion	²³
2024-11-20	2025-Q3	Data Center compute revenue	27.6 billion	⁴
2024-11-20	2025-Q3	Customer D percentage of total revenue	12%	⁴
2024-11-20	2025-Q3	Customer C percentage of total revenue - Q3 FY2025	12%	⁴
2024-11-20	2025-Q3	Customer C percentage of total revenue - Nine Months FY2025	11%	⁴
2024-11-20	2025-Q3	Customer B percentage of total revenue - Q3 FY2025	12%	⁴
2024-11-20	2025-Q3	Customer B percentage of total revenue - Nine Months FY2025	11%	⁴
2024-11-20	2025-Q3	Customer A percentage of total revenue	12%	⁴
2024-11-20	2025-Q3	Commercial paper program	575 million	⁴
2024-11-20	2025-Q3	Commercial paper outstanding	0	⁴
2024-11-20	2025-Q3	Cloud service providers percentage of Data Center revenue	50%	⁴
2024-11-20	2025-Q3	Automotive revenue	$449 million	²³
2024-08-28	2025-Q2	Shareholder returns (first half FY2025)	$15.4 billion	²²
2024-08-28	2025-Q2	Share repurchases Q2 FY2025	62.8 million shares for $7.0 billion	³
2024-08-28	2025-Q2	Share repurchase authorization remaining	$7.5 billion	²²
2024-08-28	2025-Q2	Share repurchase authorization available	$53.9 billion	³
2024-08-28	2025-Q2	Revenue from customers outside United States	57%	³
2024-08-28	2025-Q2	RTX games and apps	>600	³
2024-08-28	2025-Q2	Quarterly cash dividend per share post-Stock Split	$0.01	³
2024-08-28	2025-Q2	Professional Visualization revenue	$454 million	²²
2024-08-28	2025-Q2	Net effect on gross margin	2.7%	³
2024-08-28	2025-Q2	Inference percentage of trailing four quarters Data Center revenue	>40%	³
2024-08-28	2025-Q2	GeForce NOW games	>2,000	³
2024-08-28	2025-Q2	Gaming revenue	$2.9 billion	²²
2024-08-28	2025-Q2	Data Center revenue growth	154%	³
2024-08-28	2025-Q2	Data Center revenue	$26.3 billion	²²
2024-08-28	2025-Q2	Customer D direct sales	10%	³
2024-08-28	2025-Q2	Customer C direct sales	11%	³
2024-08-28	2025-Q2	Customer B direct sales	11%	³
2024-08-28	2025-Q2	Customer A direct sales	14%	³
2024-08-28	2025-Q2	Consumer internet and enterprise percentage of Data Center revenue	>50%	³
2024-08-28	2025-Q2	Cloud service providers percentage of Data Center revenue	~45%	³
2024-08-28	2025-Q2	Automotive revenue	$346 million	²²
2024-08-28	2025-Q2	Additional share repurchase authorization approved	$50.0 billion	²²
2024-05-29	2025-Q1	Gross margin	78.4%	²
2024-05-29	2025-Q1	Professional Visualization revenue	427 million	²
2024-05-29	2025-Q1	Gaming revenue	2.6 billion	²
2024-05-29	2025-Q1	Data Center revenue	22.6 billion	²
2024-05-29	2025-Q1	Automotive revenue	329 million	²
2024-05-22	2025-Q1	Professional Visualization Revenue	427 million	²¹
2024-05-22	2025-Q1	Gaming Revenue	2.6 billion	²¹
2024-05-22	2025-Q1	Data Center Revenue	22.6 billion	²¹
2024-05-22	2025-Q1	Automotive Revenue	329 million	²¹
2024-02-21	FY2024	Unrecognized Tax Benefits	$1.3 billion	¹
2024-02-21	FY2024	Shares repurchased in fiscal year 2024	21 million	¹
2024-02-21	FY2024	Shares repurchased January 29 - February 16, 2024	2.8 million	¹
2024-02-21	FY2024	Share repurchase authorization remaining	$22.5 billion	¹
2024-02-21	FY2024	Senior Notes net outstanding	$9.7 billion	¹
2024-02-21	FY2024	Related interest and penalties	$140 million	¹
2024-02-21	FY2024	Professional Visualization revenue	$1.6 billion	¹
2024-02-21	FY2024	Investment portfolio fair value change - parallel yield curve shift +/- 0.5%	$93 million	¹
2024-02-21	FY2024	Income tax expense for fiscal year 2024	$4.1 billion	¹
2024-02-21	FY2024	Income tax benefit for fiscal year 2023	$187 million	¹
2024-02-21	FY2024	IRS audit resolution benefit	$145 million	¹
2024-02-21	FY2024	Gaming revenue	$10.4 billion	¹
2024-02-21	FY2024	Foreign exchange contracts impact - 10% USD strengthening as of Jan 29, 2023	$112 million	¹
2024-02-21	FY2024	Foreign exchange contracts impact - 10% USD strengthening as of Jan 28, 2024	$116 million	¹
2024-02-21	FY2024	Effective tax rate fiscal year 2024	12.0%	¹
2024-02-21	FY2024	Effective tax rate fiscal year 2023	-4.5%	¹
2024-02-21	FY2024	Data Center revenue	$47.5 billion	¹
2024-02-21	FY2024	Customer payments received ahead of invoice due date	$557 million	¹
2024-02-21	FY2024	Commercial paper program	$575 million	¹
2024-02-21	FY2024	Commercial paper outstanding	0	¹
2024-02-21	FY2024	Cash held outside U.S. for which no foreign or state taxes accrued	$1.4 billion	¹
2024-02-21	FY2024	Cash dividends paid in fiscal year 2024	$395 million	¹
2024-02-21	FY2024	Automotive revenue	$1.1 billion	¹
2024-02-21	FY2024	Amount spent on share repurchases in fiscal year 2024	$9.7 billion	¹
2024-02-21	FY2024	Amount spent on share repurchases January 29 - February 16, 2024	$1.9 billion	¹
2024-02-21	FY2024	Adverse foreign exchange rate change impact on income before taxes - Jan 29, 2023	$36 million	¹
2024-02-21	FY2024	Adverse foreign exchange rate change impact on income before taxes - Jan 28, 2024	$60 million	¹
2024-02-21	2024-Q4	RTX installed base	100 million	²⁰
2024-02-21	2024-Q4	Professional Visualization revenue Q4	$463 million	²⁰
2024-02-21	2024-Q4	Professional Visualization revenue FY24	$1.6 billion	²⁰
2024-02-21	2024-Q4	Gaming revenue Q4	$2.9 billion	²⁰
2024-02-21	2024-Q4	Gaming revenue FY24	$10.4 billion	²⁰
2024-02-21	2024-Q4	Data Center revenue Q4	$18.4 billion	²⁰
2024-02-21	2024-Q4	Data Center revenue FY24	$47.5 billion	²⁰
2024-02-21	2024-Q4	Automotive revenue Q4	$281 million	²⁰
2024-02-21	2024-Q4	Automotive revenue FY24	$1.1 billion	²⁰
2024-02-21	2024-Q4	AI-powered RTX games and applications	500	²⁰
2023-11-21	2024-Q3	Net cash used in financing activities	$(10,004)	¹²
2023-11-21	2024-Q3	Net cash provided by operating activities	$16,591	¹²
2023-11-21	2024-Q3	Net cash provided by (used in) investing activities	$(4,457)	¹²
2023-11-21	2024-Q3	Marketable securities	$12,762	¹²
2023-11-21	2024-Q3	Cash, cash equivalents and marketable securities	$18,281	¹²
2023-11-21	2024-Q3	Cash and cash equivalents	$5,519	¹²
2023-08-28	2024-Q2	Data Center revenue	$10.32 billion	¹¹
2023-08-23	2024-Q2	Professional Visualization revenue	379 million	¹⁸
2023-08-23	2024-Q2	Gaming revenue	2.49 billion	¹⁸
2023-08-23	2024-Q2	Data Center revenue	10.32 billion	¹⁸
2023-08-23	2024-Q2	Automotive revenue	253 million	¹⁸
2023-05-26	2024-Q1	Unrecognized Tax Benefits	$1.11 billion	¹⁰
2023-05-26	2024-Q1	Professional Visualization revenue	$295 million	¹⁰
2023-05-26	2024-Q1	Gaming revenue	$2.24 billion	¹⁰
2023-05-26	2024-Q1	Data Center revenue	$4.28 billion	¹⁰
2023-05-26	2024-Q1	Commercial paper program	$575 million	¹⁰
2023-05-26	2024-Q1	Cash and cash equivalents and marketable securities	$15.32 billion	¹⁰
2023-05-26	2024-Q1	Automotive revenue	$296 million	¹⁰
2023-05-24	2024-Q1	Professional Visualization revenue	$295 million	¹⁷
2023-05-24	2024-Q1	Gaming revenue	$2.24 billion	¹⁷
2023-05-24	2024-Q1	Data Center revenue	$4.28 billion	¹⁷
2023-05-24	2024-Q1	Automotive revenue	$296 million	¹⁷
2023-05-24	2024-Q1	Automotive design win pipeline	$14 billion over the next six years	¹⁷

▸ Earlier KPIs (+204)

Guidance Tracking (latest per metric/period · 44/92)#

All management forecasts (guidance) and their later outcome. Types: fiscal-year targets as well as quarterly/half-year targets; per metric and period the most recent statement applies, older versions can be expanded. The status is checked automatically against the actuals reported later: open (period still running), met, beaten, missed. For ranges (“X to Y”) reaching the range counts. Logged neutrally, no estimate of our own, no assessment.

Actuals: revenue in $m

For period	Guided on	Metric	Guided	Actual	Verdict	Direction	Source
FY2027	2026-05-20	Tax rate	16–18%	–	pending	–	³⁰
2027-Q3	2026-08-26	Revenue	105,840–110,160	–	pending	initiated	³⁰
2027-Q3	2026-08-26	Gross margin (non-GAAP)	73.5–74.5%	–	pending	initiated	³⁰
2027-Q3	2026-08-26	OpEx (GAAP)	~9,200	–	pending	initiated	³⁰
2027-Q3	2026-08-26	OpEx (non-GAAP)	9,000	–	pending	initiated	³⁰
2027-Q2	2026-05-20	Revenue	89,180–92,820	96,221	beat	–	²⁹
2027-Q2	2026-05-20	Gross margin (GAAP)	74.4–75.4%	–	–	–	²⁹
2027-Q2	2026-05-20	Gross margin (non-GAAP)	74.5–75.5%	–	–	–	²⁹
2027-Q2	2026-05-20	OpEx (GAAP)	~8,500	–	–	–	²⁹
2027-Q2	2026-05-20	OpEx (non-GAAP)	~8,300	–	–	–	²⁹
2027-Q1	2026-02-25	Revenue	76,440–79,560	81,615	beat	initiated	²⁸
2027-Q1	2026-02-25	Gross margin (GAAP)	74.4–75.4%	–	–	initiated	²⁸
2027-Q1	2026-02-25	Gross margin (non-GAAP)	74.5–75.5%	–	–	initiated	²⁸
2027-Q1	2026-02-25	OpEx (GAAP)	~7,700	–	–	initiated	²⁸
2027-Q1	2026-02-25	OpEx (non-GAAP)	~7,500	–	–	initiated	²⁸
FY2026	2025-08-27	Gross margin (non-GAAP)	-70%	–	–	confirmed	²⁶
FY2026	2025-08-27	OpEx (GAAP)	-30%	–	–	initiated	²⁶
FY2026	2024-08-28	Gross margin (GAAP)	-70%	–	–	initiated	²²
2026-Q4	2025-11-19	Revenue	63,700–66,300	68,127	beat	initiated	²⁷
2026-Q4	2025-11-19	Gross margin (GAAP)	74.3–75.3%	–	–	initiated	²⁷
2026-Q4	2025-11-19	Gross margin (non-GAAP)	74.5–75.5%	–	–	initiated	²⁷
2026-Q4	2025-11-19	OpEx (GAAP)	~6,700	–	–	initiated	²⁷
2026-Q4	2025-11-19	OpEx (non-GAAP)	~5,000	–	–	initiated	²⁷
2026-Q4	2025-11-19	Tax rate	16–18%	–	–	–	²⁷
2026-Q4	2025-11-19	Other income and expense (GAAP)	~500	–	–	initiated	²⁷
2026-Q3	2025-08-27	Revenue	52,920–55,080	57,006	beat	initiated	²⁶
2026-Q3	2025-08-27	Gross margin (non-GAAP)	73–74%	–	–	initiated	²⁶
2026-Q3	2025-08-27	OpEx (GAAP)	~5,900	–	–	initiated	²⁶
2026-Q3	2025-08-27	OpEx (non-GAAP)	~4,200	–	–	initiated	²⁶
2026-Q3	2025-08-27	Tax rate	15.5–17.5%	–	–	initiated	²⁶
2026-Q3	2025-08-27	GAAP and non-GAAP other income and expense	~500	–	–	initiated	²⁶
2026-Q3	2024-08-28	Gross margin (GAAP)	72.8–73.8%	–	–	initiated	²⁶
2026-Q2	2025-05-28	Revenue	44,100–45,900	46,743	beat	–	²⁵
2026-Q2	2025-05-28	Gross margin (GAAP)	71.3–72.3%	–	–	–	²⁵
2026-Q2	2025-05-28	Gross margin (non-GAAP)	71.5–72.5%	–	–	–	²⁵
2026-Q2	2025-05-28	OpEx (GAAP)	~5,700	–	–	–	²⁵
2026-Q2	2025-05-28	OpEx (non-GAAP)	~4,000	–	–	–	²⁵
2026-Q2	2025-05-28	Tax rate	15.5–17.5%	–	–	initiated	²⁵
2026-Q1	2025-02-26	Revenue	42,140–43,860	44,062	beat	initiated	²⁴
2026-Q1	2025-02-26	Gross margin (GAAP)	70.1–71.1%	–	–	initiated	²⁴
2026-Q1	2025-02-26	Gross margin (non-GAAP)	70.5–71.5%	–	–	initiated	²⁴
2026-Q1	2025-02-26	OpEx (GAAP)	~5,200	–	–	initiated	²⁴
2026-Q1	2025-02-26	OpEx (non-GAAP)	~3,600	–	–	initiated	²⁴
2026-Q1	2025-02-26	Tax rate	16–18%	–	–	initiated	²⁴
FY2025	2024-08-28	OpEx (GAAP)	40%	–	–	confirmed	³
FY2025	2024-05-22	Gross margin (GAAP)	-70%	–	–	confirmed	³
FY2025	2024-02-21	Capital investments related to property and equipment	3,500–4,000	–	–	initiated	¹
FY2025	2024-02-21	Debt repayment	1,300	–	–	confirmed	¹
2025-Q4	2024-11-20	Revenue	36,750–38,250	39,331	beat	initiated	²³
2025-Q4	2024-11-20	Gross margin (non-GAAP)	73–74%	–	–	initiated	²³
2025-Q4	2024-11-20	OpEx (non-GAAP)	~3,400	–	–	initiated	²³
2025-Q3	2024-08-28	Revenue	31,850–33,150	35,082	beat	initiated	²²
2025-Q3	2024-08-28	Gross margin (GAAP)	73.9–74.9%	–	–	initiated	²²
2025-Q3	2024-08-28	Gross margin (non-GAAP)	74.5–75.5%	–	–	initiated	²²
2025-Q3	2024-08-28	OpEx (GAAP)	~4,300	–	–	initiated	²²
2025-Q3	2024-08-28	OpEx (non-GAAP)	~3,000	–	–	initiated	²²
2025-Q3	2024-08-28	Tax rate	16–18%	–	–	initiated	²²
2025-Q2	2024-05-22	Revenue	27,440–28,560	30,040	beat	initiated	²¹
2025-Q2	2024-05-22	Gross margin (GAAP)	74.3–75.3%	–	–	initiated	²¹
2025-Q2	2024-05-22	Gross margin (non-GAAP)	75–76%	–	–	initiated	²¹
2025-Q2	2024-05-22	OpEx (GAAP)	~4,000	–	–	initiated	²¹
2025-Q2	2024-05-22	OpEx (non-GAAP)	~2,800	–	–	initiated	²¹
2025-Q2	2024-05-22	Tax rate	16–18%	–	–	initiated	²¹
2025-Q2	2024-05-22	GAAP and Non-GAAP other income and expense	~300	–	–	initiated	²¹
2025-Q1	2024-02-21	Revenue	23,520–24,480	26,044	beat	initiated	²⁰
2025-Q1	2024-02-21	Gross margin (GAAP)	75.8–76.8%	–	–	initiated	²⁰
2025-Q1	2024-02-21	Gross margin (non-GAAP)	76.5–77.5%	–	–	initiated	²⁰
2025-Q1	2024-02-21	OpEx (GAAP)	~3,500	–	–	initiated	²⁰
2025-Q1	2024-02-21	OpEx (non-GAAP)	~2,500	–	–	initiated	²⁰
2025-Q1	2024-02-21	Tax rate	16–18%	–	–	initiated	²⁰
2024-Q4	2023-11-21	Revenue	19,600–20,400	22,103	beat	initiated	¹⁹
2024-Q4	2023-11-21	Gross margin (GAAP)	74–75%	–	–	initiated	¹⁹
2024-Q4	2023-11-21	Gross margin (non-GAAP)	75–76%	–	–	initiated	¹⁹
2024-Q4	2023-11-21	OpEx (GAAP)	~3,170	–	–	initiated	¹⁹
2024-Q4	2023-11-21	OpEx (non-GAAP)	2,200	–	–	initiated	¹⁹
2024-Q4	2023-11-21	Tax rate	14–16%	–	–	initiated	¹⁹
2024-Q4	2023-11-21	GAAP and non-GAAP other income and expense	~200	–	–	initiated	¹⁹
2024-Q3	2023-08-23	Revenue	15,680–16,320	18,120	beat	initiated	¹⁸
2024-Q3	2023-08-23	Gross margin (GAAP)	71–72%	–	–	initiated	¹⁸
2024-Q3	2023-08-23	Gross margin (non-GAAP)	72–73%	–	–	initiated	¹⁸
2024-Q2	2023-05-24	Revenue	10,780–11,220	13,507	beat	initiated	¹⁷
2024-Q2	2023-05-24	Gross margin (GAAP)	68.1–69.1%	–	–	initiated	¹⁷
2024-Q2	2023-05-24	Gross margin (non-GAAP)	69.5–70.5%	–	–	initiated	¹⁷
2024-Q2	2023-05-24	OpEx (GAAP)	~2,710	–	–	initiated	¹⁷
2024-Q2	2023-05-24	OpEx (non-GAAP)	~1,900	–	–	initiated	¹⁷
2024-Q2	2023-05-24	Tax rate	13–15%	–	–	initiated	¹⁷
2024-Q1	2023-02-22	Revenue	6,370–6,630	7,192	beat	initiated	¹⁶
2024-Q1	2023-02-22	Gross margin (GAAP)	63.6–64.6%	–	–	initiated	¹⁶
2024-Q1	2023-02-22	Gross margin (non-GAAP)	66–67%	–	–	initiated	¹⁶
2024-Q1	2023-02-22	OpEx (GAAP)	~2,530	–	–	initiated	¹⁶
2024-Q1	2023-02-22	OpEx (non-GAAP)	~1,780	–	–	initiated	¹⁶
2024-Q1	2023-02-22	Tax rate	12–14%	–	–	initiated	¹⁶

▸ show older periods (+77)

Development#

A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.

FY2027

Nvidia's fiscal year 2027 revenue reached $81.6 billion in Q1 (+85% year-over-year, +20% sequentially, ¹⁴) and $96.2 billion in Q2 (+106% year-over-year, +18% sequentially, ¹⁵), with Data Center revenue comprising the dominant share at $75.2 billion in Q1 (¹⁴) and $89.0 billion in Q2 (¹⁵), driven by successive ramps of Blackwell and Blackwell Ultra infrastructure. Gross margin expanded from 60.5% in the prior-year quarter to 74.9% in Q1, an improvement primarily attributable to the non-recurrence of a $4.5 billion H20 excess inventory charge recorded in the prior-year period (¹⁴), and further to 75.0% in Q2 on improved Blackwell Ultra product mix (¹⁵). Net income grew 211% year-over-year to $58.3 billion in Q1 and 126% year-over-year to $59.7 billion in Q2 (¹⁴, ¹⁵). The company's balance sheet shifted from a net cash position of $3.8 billion at the end of Q1 to a net debt position of $11.9 billion at the end of Q2, reflecting the issuance of $25.0 billion in senior unsecured notes alongside equity investments of $99 billion and expanded supply and capacity commitments totaling $279 billion (¹⁵). The Vera Rubin next-generation Data Center platform advanced from anticipated H2 FY2027 production in Q1 (¹⁴) to active production shipments across CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and Nebius in Q2 (¹⁵, ³⁰).

FY2026

Nvidia's fiscal year 2026 revenue reached $215.9 billion, up 65% year-over-year, driven by Data Center compute and networking platforms for accelerated computing and AI solutions ¹³ ²⁸. Data Center segment revenue grew 68% to $193.7 billion for the full year, with networking revenue expanding 142% as NVLink compute fabric for GB200 and GB300 systems ramped throughout the year ¹³. Full-year GAAP gross margin declined 3.9 percentage points to 71.1% from 75.0% in fiscal 2025, reflecting the transition from Hopper HGX systems to Blackwell full-scale datacenter solutions and a $4.5 billion charge in the first quarter for H20 excess inventory and purchase obligations following U.S. government export licensing requirements effective April 9, 2025 ¹³ ²⁸. Net income per diluted share was $4.90 for fiscal 2026, up 67% year-over-year, with operating cash flow rising from $64.1 billion to $102.7 billion ¹³ ²⁸. The Blackwell architecture was introduced across data center and gaming markets throughout the year, the Rubin platform was unveiled as the next-generation architecture, and NVIDIA invested $17.5 billion in private companies and infrastructure funds and entered investment agreements with Intel and Anthropic ¹³ ²⁸.

FY2025

In fiscal year 2025 (ending January 26, 2025), NVIDIA reported total revenue of $130.5 billion, up 114% year-over-year, driven primarily by Data Center segment revenue of $115.2 billion, which grew 142% year-over-year ²⁴ ⁵. Revenue expanded sequentially each quarter from $26.0 billion in Q1 to $39.3 billion in Q4, while year-over-year growth rates decelerated from 262% in Q1 to 78% in Q4 as prior-period comparisons became increasingly demanding ²¹ ²⁴. GAAP gross margin expanded to 75.0% from 72.7% in fiscal year 2024, primarily driven by a higher revenue mix from the Data Center segment, though Q2 margins were temporarily impacted by inventory provisions for low-yielding Blackwell material equivalent to 2.7% of revenue ⁵ ³. Operating income grew 147% to $81.5 billion and net income grew 145% to $72.9 billion, while operating cash flow reached $64.1 billion for the full year ⁵ ²⁸. NVIDIA launched the Blackwell architecture during fiscal year 2025, with production systems beginning to ship in Q4 and major cloud providers deploying GB200-based systems globally ⁵ ²⁴.

FY2024

NVIDIA's fiscal year 2024 (ended January 28, 2024) saw total revenue grow 126% year-over-year to $60.9 billion, propelled by Data Center segment revenue surging 217% to $47.5 billion as demand for AI infrastructure and the Hopper GPU computing platform expanded throughout the year (¹, ²⁴). Revenue scaled from $7.19 billion in Q1 to a record $22.1 billion in Q4, with each sequential quarter reaching new highs as cloud service providers and enterprises accelerated AI infrastructure build-outs (¹⁷, ²⁰). GAAP gross margin improved to 72.7% from 56.9% in FY2023, driven by the shift toward higher-margin Data Center revenue and lower net inventory provisions, while operating income increased 681% to $32.97 billion (¹). U.S. government export licensing requirements, expanded in Q2 and again in Q3, reduced China's share of Data Center revenue to a mid-single-digit percentage in Q4 FY2024 from approximately 19% in FY2023 (¹, ¹¹, ¹²). Net cash from operating activities grew to $28.1 billion from $5.6 billion in the prior year, and cash and marketable securities increased to $26.0 billion from $13.3 billion at the start of the fiscal year (¹).

FY2023

For fiscal year 2023, NVIDIA reported revenue of $26.97 billion, roughly flat versus the prior year, as a record Data Center segment result of $15.01 billion – up 41% year-over-year – offset steep declines in Gaming (-27% to $9.07 billion) and Professional Visualization (-27% to $1.54 billion) ⁹ ¹⁶. GAAP gross margin contracted to 56.9% from 64.9%, driven primarily by $2.17 billion in inventory provisions recorded during the year ⁹. Net income declined 55% to $4.37 billion, with diluted EPS falling from $3.85 to $1.74; on a non-GAAP basis, diluted EPS was $3.34 ⁹ ¹⁶. Material one-time items included a $1.35 billion charge related to the termination of the planned Arm Limited acquisition and new U.S. government export license requirements imposed in Q3 FY2023 restricting certain data center products to China and Russia ⁹. NVIDIA returned $10.44 billion to shareholders through share repurchases and dividends during the fiscal year ⁹.

Sources: official investor relations documents#

All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original.

52 documents · 2016 – 2026 · SEC EDGAR (USA)

#	Document type	Published	Link
#16 / #116	8-K-EX99.1	2023-02-22	Open
#9	10-K	2023-02-24	Open
#17	8-K-EX99.1	2023-05-24	Open
#10	10-Q	2023-05-26	Open
#18	8-K-EX99.1	2023-08-23	Open
#11	10-Q	2023-08-28	Open
#12	10-Q	2023-11-21	Open
#19	8-K-EX99.1	2023-11-21	Open
#1	10-K	2024-02-21	Open
#20 / #120	8-K-EX99.1	2024-02-21	Open
#21 / #121	8-K-EX99.1	2024-05-22	Open
#2	10-Q	2024-05-29	Open
#3	10-Q	2024-08-28	Open
#22	8-K-EX99.1	2024-08-28	Open
#4	10-Q	2024-11-20	Open
#23	8-K-EX99.1	2024-11-20	Open
#5	10-K	2025-02-26	Open
#24 / #124	8-K-EX99.1	2025-02-26	Open
#6	10-Q	2025-05-28	Open
#25 / #125	8-K-EX99.1	2025-05-28	Open
#7	10-Q	2025-08-27	Open
#26	8-K-EX99.1	2025-08-27	Open
#8	10-Q	2025-11-19	Open
#27	8-K-EX99.1	2025-11-19	Open
#13	10-K	2026-02-25	Open
#28 / #128	8-K-EX99.1	2026-02-25	Open
#14	10-Q	2026-05-20	Open
#29	8-K-EX99.1	2026-05-20	Open
#15	10-Q	2026-08-26	Open
#30	8-K-EX99.1	2026-08-26	Open

▸ More rows (+15)

Older sources (+22)

#	Document type	Published	Link
#201	10-K	2016-03-17	Open
#203	10-K	2016-03-17	Open
#207	10-K	2016-03-17	Open
#202	10-Q	2016-08-23	Open
#204	10-Q	2017-05-23	Open
#205	10-Q	2017-08-23	Open
#206	10-Q	2017-11-21	Open
#208	10-Q	2018-05-22	Open
#209	10-Q	2018-08-16	Open
#210	10-Q	2018-11-15	Open
#211	10-K	2019-02-21	Open
#215	10-K	2019-02-21	Open
#212	10-Q	2019-05-16	Open
#213	10-Q	2019-08-15	Open
#214	10-Q	2019-11-14	Open
#219	10-K	2020-02-20	Open
#216	10-Q	2020-05-21	Open
#217	10-Q	2020-08-19	Open
#218	10-Q	2020-11-18	Open
#220	10-Q	2021-05-26	Open
#221	10-Q	2021-08-20	Open
#222	10-Q	2021-11-22	Open

▸ More rows (+7)

FAQ#

Is there a management forecast (guidance) for FY2027?

Yes. Management has issued targets for FY2027, including Tax rate. The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.

Does Nvidia pay a dividend?

The filings report on the dividend; most recent entry: dividend per share $0.25 (2027-Q2) (as reported, no assessment of our own). Details with source links are in the report chapters.

Where can I find the official investor relations documents of Nvidia?

The sources chapter links all 58 original filings used (SEC filings) with type, publication date and a direct link; every figure in the report carries a source number.