Market cap
$5.55T
at current price
NVIDIA Corporation · Common stock · Santa Clara, California
The AI build-out, one quarter at a time.
Revenue doubled to $96.2B last quarter, $89B of it from data centers, and Nvidia guides to $108B next, its first $100B+ quarter, without any China data center sales. The watch points are margins, squeezed by soaring memory prices, and cash: customers are getting longer to pay.
Last close · Oct 9, 2026
$229.28
52-week range
$164–243
closing low / high
P/E
~23×
Q2 GAAP EPS $2.46 × 4
Revenue TTM
Q3 FY27 guide
$108B
±2% · gross margin 74% ±0.5 pt
Next earnings
Nov 18
Q3 FY27 · expected, after close
Price, last 12 months
Daily closes with the 50-day average. Nvidia ranged between about $164 and $243 over the past year.
1Y closing high
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1Y closing low
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SMA 50
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SMA 200
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RSI 14
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Avg daily move
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last 20 sessions
Beta
2.22
vs. S&P 500
From peak
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Revenue and margins, by quarter
Revenue in US$ millions, with gross margin on the right axis. Nvidia's fiscal year ends in late January; Q2 FY27 ended July 26, 2026. Q1 FY26's 60.5% margin includes an H20 inventory charge. The last bar is guidance at the midpoint.
RevenueGross margin (right axis)Guidance
Q2 FY27
$96.2B
+106% YoY · 13th straight record
Data center
$89.0B
+117% YoY
Gross margin
75.0%
guided to 74%, then 71–72% in Q4
Returned
$26B
$20B buybacks + $6B dividends in Q2
| Quarter | Ended | Revenue, US$M | YoY | Gross margin | Op. margin | EPS (GAAP) |
|---|
Watch list
What moves the thesis, sorted by direction.
Tailwind
Demand outruns supply
Q3 is guided to $108B, and Vera Rubin should be about 20% of data center revenue in Q3, with hyperscale growth re-accelerating in Q4.
Watch
Memory costs hit margins
Management says memory prices rose more than expected. Gross margin is guided to 74% in Q3 and 71–72% in Q4 before price increases restore 72–73% in FY28.
Watch
Longer payment terms
Days sales outstanding rose to 60 as Nvidia gave big customers longer to pay, and inventory reached $32B ahead of Vera Rubin. Free cash flow fell to $21.4B from $48.6B.
Risk
China and concentration
Guidance assumes no China data center compute revenue. A handful of hyperscalers and AI labs buy most of the output.
Calendar
Nov 18, 2026
Q3 FY27 earnings (expected)
Guide: $108B ±2% revenue, 74% gross margin.
Q4 FY27 (Jan 2027)
Margin trough
Management expects gross margin to bottom at 71–72% before price increases take effect.
Late Feb 2027
Q4 and FY27 results
Date not yet announced.