NVIDIA closed at 225.16 USD on 2026-08-14 (-0.06% vs. the previous day), with a market capitalization of approximately 5.449 trillion USD (Toss Securities stock information, as of 2026-08-15). Per its FY2026 annual report (accession no. 0001045810-26-000021), revenue was 215.938 billion USD (+65.47% year-over-year), operating income was 130.387 billion USD, and net income was 120.067 billion USD; in Q1 FY2027 (10-Q, accession no. 0001045810-26-000052), revenue continued to grow, reaching 81.615 billion USD (+85.23% year-over-year).
On 2026-07-27, reports emerged of negotiations for NVIDIA to guarantee lease payments on OpenAI's Ohio data center, and the stock fell approximately 4-5% in a single session (intraday low of 195.44 USD), while the 5-year CDS spread rose to an all-time high of 82bp. This was followed on 2026-08-11 by the announcement of a third-party capital-raising partnership and the release of an open-source model (Nemotron 3.5 Lightning); the 2026-08-14 closing price of 225.16 USD was slightly lower than the previous trading day's close of 225.30 USD.
Business Structure and Revenue Mix
FY2026 (fiscal year end estimated 2026-01-25) revenue mix by product line; figures cited from a third-party aggregator (Bullfincher) that match the 10-K total revenue, though direct cross-checking against detailed footnotes has not been completed (C) · Source: 10-K accession no. 0001045810-26-000021
5-Year Financial Trend
| Fiscal Year | Revenue YoY | Operating Margin | Net Margin | ROE | Debt Ratio |
|---|---|---|---|---|---|
| FY2022 | Not available | 37.31% | 36.23% | 36.64% | 39.78% |
| FY2023 | +0.22% | 15.66% | 16.19% | 19.77% | 46.33% |
| FY2024 | +125.85% | 54.13% | 48.85% | 69.24% | 34.61% |
| FY2025 | +114.20% | 62.42% | 55.85% | 91.87% | 28.92% |
| FY2026 | +65.47% | 60.38% | 55.60% | 76.33% | 23.94% |
In FY2023, revenue growth stalled (+0.22%) and operating margin fell from 37.31% the prior year to 15.66%, but from FY2024 onward, revenue and profit shifted to a sharp growth trend (confirmed financial data, A). The ratio of total liabilities to total equity declined from 46.33% in FY2023 to 23.94% in FY2026 (A).
Quarterly Earnings Trend
Q1 FY2027 revenue was 81.615 billion USD, up +85.23% year-over-year from Q1 FY2026 (44.062 billion USD); operating income grew +147.42% and net income grew +210.65% (calculated figures, A). Operating margin for the quarter was 65.60% and net margin was 71.45%, the highest levels among the preceding five quarters. The specific reason why net margin exceeds operating margin is not available, as it requires cross-checking detailed line items in the 10-Q income statement.
Valuation
TTM figures (period ending 2026-04-26) were self-calculated by subtracting Q1 FY2026 from FY2026 full-year results and adding Q1 FY2027 (A). There is an approximately 3.5-month gap between the stock price/market cap reference date (2026-08-14 to 08-15) and the TTM income-statement reference date (2026-04-26), so these figures do not reflect Q2 FY2027 results (scheduled for release on 2026-08-26). EBITDA could not be self-calculated due to unavailable depreciation and amortization line-item detail.
Peer Comparison
| Company | Latest Quarter Data Center/AI Revenue | PER (Trailing) | Market Cap |
|---|---|---|---|
| NVIDIA | 75.2 billion USD (Q1 FY2027, +92% YoY) | 34.14x | 5.449 trillion USD |
| AMD | 5.80 billion USD (latest quarter) | 123.28x | approx. 839.73 billion USD |
| Broadcom | 10.80 billion USD (Q2 FY2026, +143% YoY) | 69.96x | approx. 1.99 trillion USD |
| Intel | 5.10 billion USD (mostly CPU) | Net loss (trailing not meaningful) | approx. 538.59 billion USD |
Peer figures are based on third-party aggregated web research (C), with reference dates spread between 2026-08-07 and 08-14, so they are not on exactly the same reference date as NVDA. Reports describe qualitative differences (C): NVDA is a comprehensive AI infrastructure platform built on GPUs and the CUDA software ecosystem; Broadcom designs custom AI ASICs for hyperscalers; AMD is expanding its position as a second-source supplier with its Instinct series; and Intel, with roughly 1% AI GPU share, still contributes minimally to revenue.
Supply and Demand Trends
Short interest as of the 2026-07-31 settlement date decreased approximately 9.7% from the prior settlement date (2026-07-15, 324,052,767 shares) (C). Because the Q2 2026 (as of 6/30) 13F filing deadline overlapped with the query date (2026-08-14), aggregate institutional flows are provisional; net buying was confirmed at some large asset managers, including Renaissance Technologies (approx. 4.56 million shares net bought) and State Street (increased weighting) (C). Institutional ownership ratio varies widely across sources, from 53.8% to 69.81%, making it difficult to present a single confirmed figure (not available).
Governance and Capital Structure
Vanguard (as of 2023-12-29) and BlackRock (as of 2023-12-31) reflect the last SC 13G/A filings prior to the June 2024 stock split, and no new or updated EDGAR filings have been confirmed since, so these may differ from current ownership percentages (C, unverified). FMR is as of 2024-09-30 (SC 13G/A). The Jensen Huang combined-executive figure is a secondary citation from the 2026 proxy statement (record date 2026-04-27), and cross-checking against the original source has not been completed (not available - verification needed).
| Date | Event |
|---|---|
| 2026-06-24 | Annual shareholders meeting held — all 10 directors re-elected |
| 2026-06-24 | Advisory approval of executive compensation (15.706 billion shares in favor) |
| 2026-06-24 | Approval of PricewaterhouseCoopers LLP's re-appointment as auditor (FY2027) |
| 2026-06-24 | Non-binding approval of a bylaw amendment replacing the supermajority voting requirement with a simple majority |
| 2026-06-30 | 8-K (Item 5.07) disclosure of voting results (accession no. 0001045810-26-000056) |
Macro Environment
Combined 2026 capital expenditure by the four major hyperscalers (Microsoft, Google, Meta, Amazon) was reported at approximately 725 billion USD, a sharp increase from the prior year (approximately 410 billion USD) (C, industry aggregate) — most of this was reportedly directed toward GPU clusters and AI data centers, showing high correlation with data center revenue. TSMC's CoWoS advanced packaging was reported as fully booked in 2026 (lead time of 40-52 weeks), with NVIDIA reportedly accounting for approximately 60% of CoWoS capacity (C). SK Hynix reportedly supplies approximately two-thirds of NVIDIA's HBM and began HBM4 mass production in Q2 2026 (C). The rate hold and rise in the 10-year yield (4.68-4.70%) were reported as a modest headwind for growth-stock valuations, while dollar weakness (DXY down approximately 2% from late July) was reported as a slightly favorable factor for translating overseas revenue (C).
Risk Factors
The US Department of Commerce approved H200 chip purchase licenses for approximately 10 Chinese companies on 2026-05-14, but accompanied these with a 25% tariff and quantity caps (a maximum of 75,000 units per customer, with sales to China prohibited from exceeding 50% of sales to the US) (C).
It was reported on 2026-08-07 that the US Department of Commerce is investigating routes by which Chinese AI companies access NVIDIA chips via renting computing resources located in third countries (C).
Reports have described a US DOJ investigation related to supplier-switching restrictions, as well as antitrust-related actions by China's SAMR and French regulators; progress and conclusions are not available (C).
Data center GPU production is concentrated at TSMC foundries, and CoWoS advanced packaging capacity was reported as fully booked in 2026, a constraint on the pace of revenue growth (C).
Reports indicate that the top 2 customers accounted for 36% of total revenue in FY2026 (C, direct cross-check against 10-K original footnotes not completed).
Following the 2026-07-27 report of negotiations for a lease-payment guarantee on OpenAI's Ohio data center, the stock fell approximately 4-5% in a single session (intraday low of 195.44 USD), and the 5-year CDS spread rose to an all-time high of 82bp (C).
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Fact Highlights
Generated by FomoLog Agent · Data sources: Korea Exchange · NASDAQ · DART · SEC EDGAR
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