NVIDIA CORPNVDA

NVIDIA CORP Financial Overview 2022–2026

Updated Jul 10, 2026

NVIDIA Corporation transformed its fundamental scale in just four years, driven by a staggering 68% surge in Data Center revenue that pushed total sales to $215.9 billion in FY2026. This hyper-growth confirms a central thesis: the company has successfully evolved from a gaming-centric hardware provider into the indispensable infrastructure layer for global artificial intelligence. Highlighting this rapid transition, total revenue grew eightfold from $26.91 billion in FY2022 to $215.9 billion in FY2026.

This top-line expansion translates directly to massive profitability and cash generation. Net income hit $120.1 billion in FY2026, supported by a robust 71.1% gross margin. This margin contracted slightly from 75.0% in FY2025 due to the complex Blackwell architecture transition and a specific $4.5 billion charge for H20 excess inventory tied to U.S. export controls. Despite these geopolitical friction points, the company finished the year with a $62.6 billion liquidity position. At the close of FY2026, the market rewarded this operational execution by valuing NVIDIA at a $4.56 trillion market cap. Shares traded at $187.67, commanding a price-to-earnings ratio of 38.3x based on the year's record earnings.

Recent Developments (Q4 2026 and Q1 2027)

NVIDIA continued its historic momentum into Q1 2027, posting $81.6 billion in total revenue for an 85% year-over-year surge. This top-line explosion was driven by an 88% jump in the Compute & Networking segment as Blackwell system rollouts accelerated. Gross margin expanded dramatically to 74.9% from 60.5% in the prior year, bolstered by reduced inventory provisions. The company capitalized on this cash generation by authorizing an additional $80 billion in share repurchases, raising its quarterly dividend to $0.25, and executing a $25.5 billion debt offering in June 2026. Management also refreshed its executive team, notably hiring Microsoft veteran Nicholas Parker as EVP of Worldwide Field Operations.

Bulls emphasize the staggering 211% year-over-year surge in net income to $58.3 billion, proving NVIDIA's dominant pricing power and insatiable infrastructure demand. Bears caution that geopolitical bottlenecks and near-term supply constraints limit upside, particularly with shares trading richly at 45.6x earnings as of the May 20, 2026 reporting date.

What to watch: progress on Blackwell supply chain easing; returns on the $18.6 billion deployed into private AI ecosystem investments.

Rev

$215.94B

+65.5% YoY

FY2026

NI

$120.07B

+64.7% YoY

FY2026

EPS

$4.93

+66.0% YoY

FY2026

OCF

$102.72B

+60.3% YoY

FY2026

Revenue Trend
Beta

Year-over-year comparison from 10-K annual reports

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Data from SEC Company Facts

All NVDA Financial Metrics(63)

Recent SEC Filings

NVIDIA CORP 8-K Report, Financial Results (Aug 26, 2026)

NVIDIA Corporation (NVDA) has filed an 8-K report on August 26, 2026, to announce its financial results for the second quarter of Fiscal Year 2027, ending July 26, 2026. The report incorporates by reference a press release and commentary from the Chief Financial Officer, providing details on the company's performance and outlook. While specific financial figures are not detailed within the 8-K itself, these accompanying documents are crucial for investors to understand NVIDIA's revenue, profitability, and strategic developments during the period. Investors should closely examine the furnished press release (Exhibit 99.1) and the CFO Commentary (Exhibit 99.2) for a comprehensive understanding of NVIDIA's second-quarter performance. These documents will likely contain key metrics such as revenue growth, earnings per share, and any forward-looking guidance. The information is furnished and not deemed 'filed' under the Securities Exchange Act, meaning it does not carry the same legal implications as other SEC filings, but it remains a primary source for understanding the company's most recent financial condition and operational results.

NVIDIA CORP 8-K Report, Material Agreement (Aug 17, 2026)

NVIDIA Corporation has entered into a significant multi-year partnership with SB Energy Corp. to secure land, power, and shell capacity for a large-scale AI data center campus in Pike County, Ohio, known as the PORTS Technology Campus. This strategic move is designed to host NVIDIA's AI compute infrastructure, with OpenAI set to be the primary tenant utilizing the facility. This agreement underscores NVIDIA's commitment to expanding its AI capabilities and supporting the growing demand for advanced AI processing power. The financial commitment for NVIDIA is substantial, with an aggregate payment obligation capped at $105 billion for its initial commitment. These obligations are contingent on SB Energy meeting specific ready-for-service conditions, expected to commence in 2028. While OpenAI is the tenant, NVIDIA has provided residual value guarantees, indicating a strong backing of the project. OpenAI is contractually obligated to reimburse NVIDIA for any amounts paid under these guarantees, mitigating NVIDIA's direct financial risk in the event of tenant default.

NVIDIA CORP 8-K Report, Executive Changes (Jul 2, 2026)

NVIDIA Corporation (NVDA) has announced a significant leadership transition within its Worldwide Field Operations division. Effective June 28, 2026, long-standing executive Ajay K. Puri will retire after 21 years with the company, though he will provide a senior advisory role to ensure a smooth handover. This signals a change in a key operational role for the technology giant. To fill this crucial position, NVIDIA has appointed Nicholas Parker as the new Executive Vice President, Worldwide Field Operations, commencing August 24, 2026. Mr. Parker brings extensive experience from Microsoft, where he held senior sales and business leadership roles for 26 years. His appointment is strategic, aiming to leverage his expertise in driving global growth and expanding NVIDIA's ecosystem, particularly in AI infrastructure. The compensation package for Mr. Parker, including a substantial base salary, sign-on bonus, and significant equity grants, underscores the importance of this role and NVIDIA's commitment to attracting top talent to maintain its market leadership.

NVIDIA CORP 8-K Report, Shareholder Vote Results (Jun 30, 2026)

NVIDIA Corporation's 8-K filing on June 30, 2026, reports on the outcomes of its 2026 Annual Meeting of Stockholders held on June 24, 2026. The primary focus of this filing is the voting results on various proposals put forth to shareholders. Notably, all ten director nominees were overwhelmingly approved, indicating strong shareholder confidence in the current board leadership. Additionally, shareholders approved, on an advisory basis, the compensation of the company's named executive officers, signaling alignment with executive pay practices. The filing also details the ratification of PricewaterhouseCoopers LLP as the independent registered accounting firm for the upcoming fiscal year. A significant governance change was also approved, with stockholders adopting a non-binding proposal to replace supermajority voting provisions with a simple majority voting standard. However, several non-binding stockholder proposals related to community resource groups, diversity and inclusion reporting, and GHG emissions from sold products did not receive majority support from shareholders.

NVIDIA CORP 8-K Report, Corporate Update (Jun 18, 2026)

NVIDIA Corporation (NVDA) announced the successful completion of a significant debt offering on June 18, 2026, raising a total of $25.5 billion across seven tranches of notes with varying maturities and interest rates. This substantial capital raise includes notes due in 2028, 2029, 2031, 2033, 2036, 2046, and 2056, with coupon rates ranging from 4.250% to 5.625%. The offering was executed under NVIDIA's existing shelf registration statement and was managed by prominent underwriters including Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC. This debt issuance represents a strategic move by NVIDIA to bolster its financial flexibility and likely fund ongoing research and development, capital expenditures, or potential strategic initiatives. The diverse maturity profile of the notes suggests a strategy to manage its long-term debt obligations and capital structure effectively. Investors should note the significant scale of this financing, which indicates continued strong operational performance and confidence from debt markets in NVIDIA's future prospects and creditworthiness. The specific use of proceeds is not detailed in this filing, but the company's consistent growth and investment in cutting-edge technology are well-documented.

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