NVIDIA CORPNVDA
NVIDIA CORP Financial Overview 2021–2025
NVIDIA has cemented its role as the backbone of the AI infrastructure economy, delivering a staggering 114% revenue increase to $130.5 billion in FY2025, driven almost entirely by a 145% surge in Data Center sales. This massive expansion reflects a structural shift in global capital expenditure toward accelerated computing, though the company must now navigate intense regulatory friction, evidenced by a $4.5 billion inventory charge in Q1 FY2026 linked to new U.S. export controls. The company’s trajectory is unprecedented: revenue scaled exponentially from $16.68 billion in FY2021 to $130.5 billion in FY2025, while diluted earnings per share grew from $0.17 to $2.94 over the same period.
Operational leverage remains exceptionally high despite geopolitical headwinds. In Q3 FY2026, the company reported $57.0 billion in revenue—a 62% year-over-year jump—converting that top-line strength into $36.0 billion in operating income. While gross margins experienced volatility, dipping to 60.5% in Q1 FY2026 due to H20 inventory write-downs before recovering to 73.4% in Q3 FY2026, cash generation is robust enough to support aggressive capital returns, including $12.6 billion in share repurchases in the most recent quarter alone. Investors must weigh this execution against the risks of supply constraints for the new Blackwell architecture and the evolving restrictions on the critical China market.
Recent Developments (Q2 and Q3 2026)
In Q2 2026, revenue expanded 56% to $46.74 billion, underpinned by the Compute & Networking segment, which grew 56% to $41.33 billion. This segment continued its ascent in Q3 2026, rising 64% to $50.9 billion, validating the ramp of Blackwell architectures. Beyond operational metrics, management aggressively expanded its AI footprint, committing up to $10 billion in strategic investments to Anthropic. Governance changes also occurred, with board member Dr. Persis Drell resigning in January 2026.
Bulls point to the $60.0 billion share repurchase authorization announced in Q2 2026 as proof of sustained cash generation capabilities despite heavy capital expenditures. Conversely, bears highlight that operating expenses swelled 38% in Q2 2026 due to heightened R&D spending, warning that the stock’s valuation of 63.4x earnings as of November 18, 2025, leaves little room for margin compression or slowed growth.
What to watch: Integration progress of the $10 billion Anthropic investment; operating expense scaling relative to future revenue growth.
Rev
$130.50B
FY2025
NI
$72.88B
FY2025
EPS
$2.97
FY2025
OCF
$64.09B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
NVIDIA CORP 8-K Report, Executive Changes (Jan 23, 2026)
NVIDIA Corporation (NVDA) has filed an 8-K report detailing the resignation of Dr. Persis Drell from its Board of Directors, effective January 20, 2026. Dr. Drell's departure also includes her role on the Board's Compensation Committee. The company explicitly states that her resignation is to pursue a new professional opportunity and is not due to any disagreements with NVIDIA regarding its operations, policies, or practices. This information is crucial for investors to understand potential shifts in board composition and governance, even though no negative factors are cited.
NVIDIA CORP 8-K Report, Financial Results (Nov 19, 2025)
NVIDIA Corporation has filed an 8-K report on November 19, 2025, to announce its financial results for the third quarter of Fiscal Year 2026, ending October 26, 2025. The report primarily serves as a vehicle to furnish a press release and CFO commentary, which contain the detailed financial performance and forward-looking insights for the quarter. Investors should refer to the attached press release (Exhibit 99.1) and the CFO Commentary (Exhibit 99.2) for comprehensive information regarding revenue, profitability, and any strategic outlook provided by the company. This filing indicates that NVIDIA is providing timely updates on its operational and financial condition to the market. While the 8-K itself is a notification of these events, the core financial data and management's perspective on these results are contained within the accompanying exhibits. Investors are encouraged to review these exhibits closely for a thorough understanding of NVIDIA's performance and any potential implications for future business.
NVIDIA CORP 8-K Report, Financial Results (Aug 27, 2025)
NVIDIA Corporation (NVDA) has filed a Current Report on Form 8-K to announce its financial results for the second quarter of Fiscal Year 2026, which ended on July 27, 2025. The filing incorporates by reference a press release and commentary from the Chief Financial Officer (CFO). While specific financial figures are not detailed within the 8-K itself, these supplementary documents are expected to provide investors with key performance indicators, revenue breakdowns, and management's outlook on the company's financial condition and operational results. Investors should review the attached press release (Exhibit 99.1) and the CFO Commentary (Exhibit 99.2) for a comprehensive understanding of NVIDIA's quarterly performance. These documents will likely offer insights into the company's revenue drivers, profitability, and future guidance, particularly within the context of its core markets such as artificial intelligence, gaming, and data center solutions. The company emphasizes that these furnished documents are not deemed 'filed' for certain regulatory purposes, but they represent the official disclosure of NVIDIA's quarterly financial and operational updates.
NVIDIA CORP 8-K Report, Executive Changes (Aug 5, 2025)
NVIDIA Corporation (NVDA) has filed a Current Report (8-K) detailing the resignation of Director Ellen Ochoa from its Board of Directors, effective July 31, 2025. Dr. Ochoa also stepped down from the Nominating and Corporate Governance Committee. The company explicitly states that her departure is due to personal reasons and not related to any disagreements concerning the company's operations, policies, or practices. This information is crucial for investors to understand the stability and governance structure of the company's leadership.
NVIDIA CORP 8-K Report, Shareholder Vote Results (Jul 1, 2025)
NVIDIA Corporation (NVDA) filed an 8-K report on June 30, 2025, detailing the outcomes of its 2025 Annual Meeting of Stockholders held on June 25, 2025. The primary focus of this filing is the voting results on several key proposals presented to shareholders. All thirteen director nominees were overwhelmingly approved for re-election, indicating strong shareholder confidence in the current board leadership. Additionally, shareholders provided advisory approval for the compensation of named executive officers and ratified the appointment of PricewaterhouseCoopers LLP as the independent registered accounting firm for the upcoming fiscal year.
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