NVDA — NVIDIA Corporation

Thursday, August 27, 2026 (file date) · 307 words · 1 min read · by Joey

IDENTITY

Name        NVIDIA Corporation
Ticker      NVDA
Form        publicly traded C-corp
Filed in    Delaware
HQ          Santa Clara, CA
Sector      Technology / Semiconductors
⚠ FY ENDS   late January.  FY2026 = the year ended 2026-01-25.
            So Q2 FY2027 = MAY–JULY 2026, reporting 2026-08-26.

Scale anchor: [A] market cap $5.05T at the 2026-08-24 close ($208.48/sh). Roughly 8% of the entire S&P 500 — the largest company in the index. When NVDA moves 5%, the index moves ~0.4% before any other stock does anything.

Capital returns: [A] quarterly dividend raised $0.01 → $0.25 in Q1 FY27; +$80.0B buyback authorized on top of $38.5B remaining; ~$20.0B returned to shareholders in Q1 FY27 alone.

THE NUMBERS SO FAR

[A] FY2026 revenue      $215.9B, +65% YoY   (year ended 2026-01-25)
[A] FY2026 gross margin 71.1% GAAP / 71.3% non-GAAP
    dragged by the Hopper→Blackwell transition and a $4.5B H20
    China write-off (export licence imposed 2025-04-09)

[A] Q1 FY27 revenue     $81.6B, +85% YoY   (FEB–APR 2026, rptd 5/20/26)
      Data Center       $75.2B, +92% YoY, +21% QoQ   = 92% of the company
        compute         $60.4B, +77% YoY
        networking      $14.8B, +199% YoY
    non-GAAP EPS        $1.87
    gross margin        74.9% GAAP / 75.0% non-GAAP  ← recovered
    operating cash flow $50.3B in ONE quarter

[G] Q2 FY27 revenue     $91.0B ±2%   (MAY–JUL 2026, reports 2026-08-26)
    gross margin        74.9 / 75.0% ±50bp
    ⚠ guidance assumes ZERO Data Center compute revenue from China

[A] TTM EPS             $6.34   →  P/E 32.9x
[C] forward EPS         $13.04  →  P/E 16.0x

Same lesson as LITE: the price is paid against the [C] line. Forward EPS of $13.04 is roughly double the trailing $6.34 — nobody at the company said that number. → Chapter III.

CONCENTRATION — the fact that defines the risk

[A] 4 direct customers, each >10% of revenue, = 61% of total revenue
[A] 31% of FY2026 revenue from customers HQ'd outside the US
    (was 41% in FY2025 — China export controls)

A worksheet is my study notes on one company, not advice. I am not a financial adviser and hold no licenses; nothing here is a recommendation to buy, sell, or hold anything. Every figure is as of the day I wrote it down and none of them are maintained — a number true last month may be wrong now, and the tier tags say which are the company’s and which are mine. Any position described is what I held when I wrote it; the record is the only current answer, and the full legal terms are on the front page.