NVDA NVIDIA CORP

Overview and Growth

In fiscal 2026, NVIDIA CORP recorded $215.94B of revenue, net income of $120.07B, and an operating cash inflow of $102.72B. The $215.94B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 65.5% from $130.50B in fiscal 2025, increasing the company’s operating scale. Diluted earnings per share were $4.90, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS increased by 66.7% from $2.94 in fiscal 2025, showing how the earnings change reached shareholders on a per-share basis. Asset turnover was 1.04x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $153.46B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 71.1% of revenue, showing how much of the top line remained after direct costs. Operating income was $130.39B, the earnings remaining from reported operations after the company’s recognized operating cost structure. Relative to revenue, operating income represented 60.4%, showing how efficiently sales converted into operating profit. After all reported below-operating-line items, the company recorded net income of $120.07B for the fiscal year. Measured against reported revenue, net income produced a 55.6% margin after operating costs and the remaining recognized items. The earnings statement records $141.45B of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 65.5%, relating income before taxes directly to revenue. Income tax expense totaled $21.38B, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 15.1%, quantifying the portion of pre-tax earnings paid in income tax.

Liquidity and Capital Structure

At period end, the $206.80B asset base was financed through $49.51B of liabilities and $157.29B of equity. At period end, current assets of $125.61B compared with current liabilities of $32.16B, defining the company’s short-term resource position. Current assets covered current liabilities by 3.91x, leaving a positive buffer for near-term obligations. The company held $10.61B in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 33.0% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $8.47B of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 0.05x, showing how much debt the company carried for each unit of book equity. Debt represented 4.1% of total assets, placing borrowing in the context of the company’s full resource base. Relative to total assets, liabilities measured 23.9%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 5.1%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $111.60B in fiscal 2025, the current asset base moved 85.3% and finished higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $102.72B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 0.86x, comparing cash generated by operations with the bottom-line earnings result. The cash-flow statement records $6.04B of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 5.9% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $96.68B, leaving a positive amount after capital expenditures. The free-cash-flow margin was 44.8%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 46.7%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Jan 25, 2026. Analysis generated Sep 24, 2026.