NVDA
NVIDIA Corporation
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for NVIDIA Corporation.
NVIDIA Corporation operates as a computing company focused on accelerated computing and AI infrastructure. Compute & Networking includes data-center GPUs, networking (InfiniBand and Ethernet), AI software (CUDA, NIM, and related stacks), and automotive platforms. Graphics includes GeForce GPUs for gaming and PCs and professional visualization GPUs. Products are used in data centers, gaming, professional visualization, and automotive markets.
Coverage
CoreWeave's 3.8x Rubin Figure Is the Training Row, Not the 4.8x Inference One
CoreWeave put Vera Rubin NVL72 into limited availability on 30 September. The 3.8x circulating is its training row; Cognition measured 4.8x for inference.
Apple Measured the 512GB Mac Studio's AI Claim on a 7GB Model
Apple's Mac Studio sells 512GB of unified memory. Every AI figure on its page is footnoted to a 14-billion-parameter 4-bit model, about 7GB of weights.
NVIDIA Qualified Three Batteries. Its Own Spec Says Sizing Is Irrelevant to Passing.
NVIDIA's DSX Ready qualified Tesla, Hitachi and LGES batteries on 21 September. Its own spec says battery sizing is irrelevant to passing the twelve tests.
SemiAnalysis Calls Its MI355X Chart Apples-to-Apples. Its Own Page Says It Is Not.
SemiAnalysis called its MI355X-vs-GB300 chart apples-to-apples. Its own page says disaggregated configs are not, and has GB300 2.3x to 5.4x cheaper per token.
Microsoft Already Told You It Builds a Gigawatt a Quarter. The 26-Gigawatt Leak Is Six More Years of It.
Microsoft discloses a gigawatt a quarter and $41bn of capex behind it, never a fleet total. The leaked 26 GW is that rate continued, and costs about $1.07tn.
NVIDIA Filed an 8-K to Buy Hugging Face for $11.9 Billion. It Filed Nothing to Pay Groq $17 Billion.
The DOJ is asking whether NVIDIA's Groq licence was an acquisition. NVIDIA's own filings book $17.0bn of consideration, $14.4bn of it as goodwill.
Where the revenue goes next
Latest: $96.22B (Q2 FY2027)
| Period | Value |
|---|---|
| Q3 FY2021 | $4.73B |
| Q4 FY2021 | $5.00B |
| Q1 FY2022 | $5.66B |
| Q2 FY2022 | $6.51B |
| Q3 FY2022 | $7.10B |
| Q4 FY2022 | $7.64B |
| Q1 FY2023 | $8.29B |
| Q2 FY2023 | $6.70B |
| Q3 FY2023 | $5.93B |
| Q4 FY2023 | $6.05B |
| Q1 FY2024 | $7.19B |
| Q2 FY2024 | $13.51B |
| Q3 FY2024 | $18.12B |
| Q4 FY2024 | $22.10B |
| Q1 FY2025 | $26.04B |
| Q2 FY2025 | $30.04B |
| Q3 FY2025 | $35.08B |
| Q4 FY2025 | $39.33B |
| Q1 FY2026 | $44.06B |
| Q2 FY2026 | $46.74B |
| Q3 FY2026 | $57.01B |
| Q4 FY2026 | $68.13B |
| Q1 FY2027 | $81.61B |
| Q2 FY2027 | $96.22B |
Latest: $2.46 (Q2 FY2027)
| Period | Value |
|---|---|
| Q3 FY2021 | $0.05 |
| Q4 FY2021 | $0.06 |
| Q1 FY2022 | $0.08 |
| Q2 FY2022 | $0.09 |
| Q3 FY2022 | $0.10 |
| Q4 FY2022 | $0.12 |
| Q1 FY2023 | $0.06 |
| Q2 FY2023 | $0.03 |
| Q3 FY2023 | $0.03 |
| Q4 FY2023 | $0.06 |
| Q1 FY2024 | $0.08 |
| Q2 FY2024 | $0.25 |
| Q3 FY2024 | $0.37 |
| Q4 FY2024 | $0.49 |
| Q1 FY2025 | $0.60 |
| Q2 FY2025 | $0.67 |
| Q3 FY2025 | $0.78 |
| Q4 FY2025 | $0.90 |
| Q1 FY2026 | $0.76 |
| Q2 FY2026 | $1.08 |
| Q3 FY2026 | $1.30 |
| Q4 FY2026 | $1.76 |
| Q1 FY2027 | $2.39 |
| Q2 FY2027 | $2.46 |
Latest: 25.4 (Q2 FY2027)
| Period | Value |
|---|---|
| Q3 FY2021 | 81.7 |
| Q4 FY2021 | 75.1 |
| Q1 FY2022 | 70.8 |
| Q2 FY2022 | 69.3 |
| Q3 FY2022 | 78.6 |
| Q4 FY2022 | 63.5 |
| Q1 FY2023 | 49.6 |
| Q2 FY2023 | 59.5 |
| Q3 FY2023 | 57.4 |
| Q4 FY2023 | 112.2 |
| Q1 FY2024 | 144.4 |
| Q2 FY2024 | 112.8 |
| Q3 FY2024 | 53.8 |
| Q4 FY2024 | 51.5 |
| Q1 FY2025 | 50.5 |
| Q2 FY2025 | 54.9 |
| Q3 FY2025 | 52.2 |
| Q4 FY2025 | 40.9 |
| Q1 FY2026 | 35.1 |
| Q2 FY2026 | 50.7 |
| Q3 FY2026 | 50.2 |
| Q4 FY2026 | 39.0 |
| Q1 FY2027 | 30.6 |
| Q2 FY2027 | 25.4 |
Latest: $21.40B (Q2 FY2027)
| Period | Value |
|---|---|
| Q3 FY2021 | $806M |
| Q4 FY2021 | $1.78B |
| Q1 FY2022 | $1.58B |
| Q2 FY2022 | $2.50B |
| Q3 FY2022 | $1.30B |
| Q4 FY2022 | $2.76B |
| Q1 FY2023 | $1.37B |
| Q2 FY2023 | $837M |
| Q3 FY2023 | −$138M |
| Q4 FY2023 | $1.74B |
| Q1 FY2024 | $2.66B |
| Q2 FY2024 | $6.06B |
| Q3 FY2024 | $7.05B |
| Q4 FY2024 | $11.24B |
| Q1 FY2025 | $14.98B |
| Q2 FY2025 | $13.51B |
| Q3 FY2025 | $16.81B |
| Q4 FY2025 | $15.55B |
| Q1 FY2026 | $26.19B |
| Q2 FY2026 | $13.47B |
| Q3 FY2026 | $22.11B |
| Q4 FY2026 | $34.90B |
| Q1 FY2027 | $48.59B |
| Q2 FY2027 | $21.40B |
Latest: 24.10B (Q2 FY2027)
| Period | Value |
|---|---|
| Q3 FY2021 | 2.52B |
| Q4 FY2021 | 619M |
| Q1 FY2022 | 2.53B |
| Q2 FY2022 | 2.53B |
| Q3 FY2022 | 2.54B |
| Q4 FY2022 | 2.50B |
| Q1 FY2023 | 2.54B |
| Q2 FY2023 | 2.52B |
| Q3 FY2023 | 2.50B |
| Q4 FY2023 | 2.46B |
| Q1 FY2024 | 2.49B |
| Q2 FY2024 | 24.99B |
| Q3 FY2024 | 24.94B |
| Q4 FY2024 | 2.47B |
| Q1 FY2025 | 24.89B |
| Q2 FY2025 | 24.85B |
| Q3 FY2025 | 24.77B |
| Q4 FY2025 | 24.49B |
| Q1 FY2026 | 24.61B |
| Q2 FY2026 | 24.53B |
| Q3 FY2026 | 24.48B |
| Q4 FY2026 | 24.30B |
| Q1 FY2027 | 24.39B |
| Q2 FY2027 | 24.10B |
Latest: $284.51B (Q2 FY2027)
| Period | Value |
|---|---|
| Q3 FY2021 | $16.25B |
| Q4 FY2021 | $18.03B |
| Q1 FY2022 | $19.61B |
| Q2 FY2022 | $22.11B |
| Q3 FY2022 | $23.40B |
| Q4 FY2022 | $26.16B |
| Q1 FY2023 | $27.53B |
| Q2 FY2023 | $28.37B |
| Q3 FY2023 | $28.23B |
| Q4 FY2023 | $29.97B |
| Q1 FY2024 | $32.63B |
| Q2 FY2024 | $38.69B |
| Q3 FY2024 | $45.75B |
| Q4 FY2024 | $56.99B |
| Q1 FY2025 | $71.97B |
| Q2 FY2025 | $85.48B |
| Q3 FY2025 | $102.29B |
| Q4 FY2025 | $117.84B |
| Q1 FY2026 | $144.03B |
| Q2 FY2026 | $157.50B |
| Q3 FY2026 | $179.62B |
| Q4 FY2026 | $214.52B |
| Q1 FY2027 | $263.11B |
| Q2 FY2027 | $284.51B |
Latest earnings
Next report: Nov 17, 2026 (Q3 FY2027)
Company History
Founded on April 5, 1993, in Sunnyvale, California, by Jensen Huang, Chris Malachowsky, and Curtis Priem, starting with $40,000 and $20 million in venture capital.
Released RIVA 128 graphics accelerator, selling about a million units within four months after layoffs reduced staff from 100 to 40, saving the company.
Went public on January 22, 1999, with shares surging 64%; released GeForce 256 (first GPU) in late 1999.
Invested over a billion dollars to develop CUDA, a software platform enabling GPUs for parallel computing in AI.
Released RTX 2080 GPUs, introducing ray tracing for realistic graphics.
Became the seventh U.S. company to reach $1 trillion market valuation, driven by AI datacenter hardware demand.
Closed above $2 trillion on March 1, 2024, and became the world
Reached $5 trillion on October 29, 2025, as the first company ever to do so, amid soaring AI demand.
Key Players
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