Data center and AI demandpositive · 5 filings
“Data Center revenue was $89.0 billion, up 117% from a year ago and up 18% sequentially, driven by the ramp of our Blackwell Ultra infrastructure.”10-Q · Aug 26, 2026 ↗
NVIDIA Corporation
NVDA
Market read
NVIDIA Corporation's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 31 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 29 directly disclosed connections are confirming.
What changed
- Revenue increased 85.2% versus the comparable filing period.
Company-2.1% todayVolume comparison unavailable
Market group0 of 31 activeMixed Multi-Sector · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Accounts receivable grew faster than revenue, with Nvidia citing extended payment terms on large multi-quarter agreements.
- Inventory grew faster than revenue and inventory intensity increased during the comparable six-month periods.
Invalidation: The isolated read changes if NVDA's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 31 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 29 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 85.2% versus the comparable filing period.
- Operating margin improved 16.5 percentage points.
- Net income increased 210.6% versus the comparable filing period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Accounts receivable grew faster than revenue, with Nvidia citing extended payment terms on large multi-quarter agreements.
- Inventory grew faster than revenue and inventory intensity increased during the comparable six-month periods.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements120
Verified relationships12
Evidence supporting the case
- Latest annual revenue changed +65.5% year over year.
- Data center and AI demand has repeated favorable evidence across 5 filings.
- Demand and volume has repeated favorable evidence across 5 filings.
- Product pipeline and R&D has repeated favorable evidence across 4 filings.
- Credit and interest rates has repeated favorable evidence across 3 filings.
Evidence challenging the case
- Operating margin changed -2.0 percentage points in the latest annual period.
Questions before a position
- P/E is 79% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
218.376m+17.4%12m+27.9%24m+103.8%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-01-30$26.9B+61.4%$3.85+1.0%
2023-01-29$27.0B+0.2%$0.17—
2024-01-28$60.9B+125.9%$1.19-0.5%
2025-01-26$130.5B+114.2%$2.94-0.5%
2026-01-25$215.9B+65.5%$4.90-1.2%
What management says matters
Persistent and emerging business drivers
Demand and volumepositive · 5 filings
“ACIE revenue increased 138% from a year ago and 25% sequentially driven by end-demand from AI natives, enterprises, and sovereign customers, as well as hyperscalers utilizing AI clouds.”10-Q · Aug 26, 2026 ↗
Product pipeline and R&Dpositive · 4 filings
“Operating Expenses Three Months Ended Apr 26, 2026 Apr 27, 2025 $ Change % Change ($ in millions) Research and development $ 6,321 $ 3,989 $ 2,332 58 % Sales, general and administrative 1,300 1,041 259 25 % Total operating expenses $ 7,621 $ 5,030 $ 2,591 52…”10-Q · May 20, 2026 ↗
Credit and interest ratespositive · 3 filings
“Total Other Income, Net Year Ended Jan 25, 2026 Jan 26, 2025 $ Change ($ in millions) Interest income $ 2,300 $ 1,786 $ 514 Interest expense (259) (247) (12) Other income, net 9,022 1,034 7,988 Total other income, net $ 11,063 $ 2,573 $ 8,490 The increase in…”10-K · Feb 25, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 24.8× · EV/sales 24.8×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
219.10-2.1% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:10 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for NVDA. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-05-20 against the comparable filing from 2025-05-28.
OperationsconstructiveEvidence score +4
liquidityneutralEvidence score 0
valuationmixed
What improved
- Revenue increased 85.2% versus the comparable filing period.
- Operating margin improved 16.5 percentage points.
- Net income increased 210.6% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“Operating Expenses Three Months Ended Apr 26, 2026 Apr 27, 2025 $ Change % Change ($ in millions) Research and development $ 6,321 $ 3,989 $ 2,332 58 % Sales, general and administrative 1,300 1,041 259 25 % Total operating expenses $ 7,621 $ 5,030 $ 2,591 52 % The increase in research and development expenses for the first quarter of fiscal year 2027 was primarily driven by a 112% increase in compute and infrastructure, a 31% increase in compensation and benefits, including stock-based compensation, reflecting employee growth and compensation increases, and a 204% increase in engineering development materials for new product introductions.”
“The increases were primarily driven by higher compensation and benefits expense due to employee growth and compensation increases, compute and infrastructure costs, and engineering development materials for new product developments.”
“The change in Other income (expense), net compared to the first quarter of fiscal year 2026, was primarily driven by unrealized gains on investments in publicly-held equity securities of $13.4 billion and non-marketable equity securities of $2.6 billion.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind NVDA
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MUMicron Technology, Inc.supplierFeb 25, 2026 ▾
“We purchase memory from SK Hynix Inc., Micron Technology, Inc., and Samsung.”
TSMTaiwan Semiconductor Manufacturing Company LimitedsupplierFeb 25, 2026 ▾
“We utilize foundries, such as Taiwan Semiconductor Manufacturing Company Limited, or TSMC, and Samsung Electronics Co., Ltd., or Samsung, to produce our semiconductor wafers.”
Depended on by
SHAZSharonAI Holdings Inc.supplierMay 15, 2026 ▾
“We provide enterprise, government and research organizations with sovereign, low-latency access to advanced accelerated computing hardware, including NVIDIA Corporation’s (“ NVIDIA ”) B200, B300 and GB300 GPUs.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 26 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
NVDA is currently a Participant in the organic co-movement group Mixed Multi-Sector. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for NVDA; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.