Is Nvidia a Buy? NVDA Price, P/E and 8 Quarters (2026)
NVIDIA (NVDA) closed at $173.73 on Nov 11, 2026, a market cap of $4.19 tn and 21.7 times trailing earnings, against 54.2 times a year earlier. Q2 FY2027 revenue was $96.2 bn, up 105.9% year on year. This is a data page, not a recommendation.
NVIDIA stock price and key numbers (NVDA)
NVIDIA closed at $173.73 on Nov 11, 2026, down 6.8% so far this year and 28.6% below its 52-week high of $243.37. Its market cap was $4.19 tn at 21.7 times trailing earnings.
| What | Figure | As of | Read |
|---|---|---|---|
| Share price | $173.73 | Nov 11, 2026 close | 28.6% below the 52-week high of $243.37 (Oct 6, 2026); 5.8% above the low of $164.27 (Mar 30, 2026) |
| Market cap | $4.19 tn | Nov 11, 2026 close | Trailing P/E 21.7x, P/S 13.8x, P/B 18.3x |
| Year-to-date move | −6.8% | Dec 31, 2025 to Nov 11, 2026 | 1-year move −10.1% |
| Latest quarter revenue (Q2 FY2027) | $96.2 bn | Reported | +105.9% year on year, +17.9% on the quarter |
| Latest quarter gross margin | 75.0% | Reported | Fifth straight quarter at or above 72% |
Source: Winus (winus.ai) financial data (official data aggregated from global exchanges and trading partners), retrieved Nov 12, 2026 (HKT). Prices are Nasdaq closes on the previous trading day, Nov 11, 2026; the 52-week range is intraday. Reported figures are GAAP results in US dollars. NVIDIA's fiscal year ends in late January, so FY2027 runs from February 2026 to January 2027; Q1 is February to April, Q2 May to July, Q3 August to October and Q4 November to January. Company filings: NVIDIA annual reports on SEC EDGAR and NVIDIA's Q2 FY2027 results release.
The share price and the earnings have moved in opposite directions over 12 months. The stock is down 10.1% since Nov 11, 2025 ($193.16), and the market value is down 10.8%, from $4.69 tn to $4.19 tn. Over the same period trailing net profit more than doubled, from $86.6 bn to $192.9 bn, a rise of 122.7%. That gap is why the trailing P/E fell from 54.2x to 21.7x. The sections below go through the quarters, the fiscal years and the valuation history in turn.
NVIDIA revenue, gross margin and net profit by quarter
NVIDIA's quarterly revenue rose from $35.1 bn in Q3 FY2025 to $96.2 bn in Q2 FY2027, 2.7 times, and net profit from $19.3 bn to $59.7 bn, 3.1 times. Gross margin was 75.0% in the latest quarter.
Show data
| Period | USD bn | Note |
|---|---|---|
| Q3 FY25 | 35.1 | |
| Q4 FY25 | 39.3 | |
| Q1 FY26 | 44.1 | |
| Q2 FY26 | 46.7 | +55.6% YoY, slowest |
| Q3 FY26 | 57.0 | |
| Q4 FY26 | 68.1 | |
| Q1 FY27 | 81.6 | |
| Q2 FY27 | 96.2 | +105.9% YoY |
Source: Winus (winus.ai) financial data, retrieved Nov 12, 2026 (HKT); NVIDIA GAAP revenue, fiscal quarters
Revenue and net profit in USD billions, GAAP. Each growth rate is against the same quarter a year earlier.
| Quarter | Revenue | YoY | Gross margin | Net profit | YoY |
|---|---|---|---|---|---|
| Q3 FY2025 | 35.1 | +93.6% | 74.6% | 19.3 | +108.9% |
| Q4 FY2025 | 39.3 | +77.9% | 73.0% | 22.1 | +79.8% |
| Q1 FY2026 | 44.1 | +69.2% | 60.5% | 18.8 | +26.2% |
| Q2 FY2026 | 46.7 | +55.6% | 72.4% | 26.4 | +59.2% |
| Q3 FY2026 | 57.0 | +62.5% | 73.4% | 31.9 | +65.3% |
| Q4 FY2026 | 68.1 | +73.2% | 75.0% | 43.0 | +94.5% |
| Q1 FY2027 | 81.6 | +85.2% | 74.9% | 58.3 | +210.6% |
| Q2 FY2027 | 96.2 | +105.9% | 75.0% | 59.7 | +125.9% |
Three things the table says on its own:
- Year-on-year growth has risen for four straight quarters. It slowed to +55.6% in Q2 FY2026, then moved to +62.5%, +73.2%, +85.2% and +105.9%. Revenue in the first half of FY2027 was $177.8 bn, up 95.8% on the first half of FY2026 ($90.8 bn).
- Gross margin was between 72.4% and 75.0% in seven of the eight quarters. The exception is Q1 FY2026 at 60.5%, a quarter when net profit growth was +26.2%. The data here does not carry the reason; NVIDIA's filing for that quarter does.
- Net profit stalled while revenue grew. Net profit rose 2.3% on the quarter in Q2 FY2027 ($59.7 bn against $58.3 bn) on revenue up 17.9%, so the net margin went from 71.5% to 62.0%. The line items behind the step are not in this data.
For the quarter-by-quarter guidance quotes from the Q2 FY2027 call, see NVIDIA's Q3 FY2027 guidance, quoted verbatim.
What is NVIDIA's gross margin? Eight quarters and five fiscal years
NVIDIA's GAAP gross margin was 75.0% in Q2 FY2027, at or above 72% for five straight quarters. For full fiscal years it was 71.1% in FY2026, 75.0% in FY2025 and 72.7% in FY2024.
Show data
| Period | % | Note |
|---|---|---|
| Q3 FY25 | 74.6 | |
| Q4 FY25 | 73.0 | |
| Q1 FY26 | 60.5 | Eight-quarter low |
| Q2 FY26 | 72.4 | |
| Q3 FY26 | 73.4 | |
| Q4 FY26 | 75.0 | |
| Q1 FY27 | 74.9 | |
| Q2 FY27 | 75.0 | 75.0% |
Source: Winus (winus.ai) financial data, retrieved Nov 12, 2026 (HKT); NVIDIA GAAP gross margin
FY2026's 71.1% is below each of its last three quarters (72.4%, 73.4% and 75.0%) because Q1's 60.5% is in the full-year figure. The 60.5% quarter was not the first time the margin fell below 70% in this five-year window: the FY2023 full-year figure was 56.9%.
NVIDIA revenue, gross margin and net profit by fiscal year, FY2022 to FY2026
NVIDIA's revenue grew from $26.9 bn in FY2022 to $215.9 bn in FY2026, 8.0 times, and net profit from $9.8 bn to $120.1 bn, 12.3 times. FY2026 ended in January 2026.
Show data
| Period | USD bn | Note |
|---|---|---|
| FY2022 | 9.8 | |
| FY2023 | 4.4 | −55.2% YoY |
| FY2024 | 29.8 | |
| FY2025 | 72.9 | |
| FY2026 | 120.1 | +64.7% YoY |
Source: Winus (winus.ai) financial data, retrieved Nov 12, 2026 (HKT); NVIDIA GAAP net profit, fiscal years ending late January
| Fiscal year | Revenue ($ bn) | YoY | Gross margin | Net profit ($ bn) | YoY | Net margin |
|---|---|---|---|---|---|---|
| FY2022 | 26.9 | 64.9% | 9.8 | 36.2% | ||
| FY2023 | 27.0 | +0.2% | 56.9% | 4.4 | −55.2% | 16.2% |
| FY2024 | 60.9 | +125.9% | 72.7% | 29.8 | +581.3% | 48.8% |
| FY2025 | 130.5 | +114.2% | 75.0% | 72.9 | +144.9% | 55.8% |
| FY2026 | 215.9 | +65.5% | 71.1% | 120.1 | +64.7% | 55.6% |
- FY2023 was the one down year for profit. Revenue was flat at $27.0 bn and net profit fell 55.2% to $4.4 bn, with gross margin at 56.9%.
- FY2026 added more revenue in dollars than any year before it. Revenue rose $85.4 bn, against $69.6 bn in FY2025 and $33.9 bn in FY2024, even though the growth rate (+65.5%) was the lowest of the three.
- FY2027 has already nearly matched FY2026's profit. Net profit for the first half of FY2027 was $118.0 bn against $120.1 bn for all of FY2026, and revenue for the half was $177.8 bn against $215.9 bn.
Where does NVIDIA's revenue come from? Segments, FY2026
Data center was $193.7 bn of NVIDIA's $215.9 bn FY2026 revenue, 89.7%. Gaming was $16.0 bn, 7.4%. The other $6.2 bn, 2.9%, is not itemized in the data Winus returned.
| Segment, FY2026 | Revenue | Share of revenue |
|---|---|---|
| Data center | $193.7 bn | 89.7% |
| Gaming | $16.0 bn | 7.4% |
| All other (remainder, not itemized in this data) | $6.2 bn | 2.9% |
Winus data carries two segment lines for FY2026; professional visualization and automotive are not itemized here. This page does not carry a FY2027 segment split. For how NVIDIA's data center business compares with its chip rivals, see NVIDIA competitors, and for the data center share against AMD's, NVIDIA vs AMD.
What is NVIDIA's P/E ratio and 52-week range?
NVIDIA's trailing P/E was 21.7 times at the Nov 11, 2026 close, on $192.9 bn of four-quarter net profit. Its price to sales was 13.8 times; its 52-week range was $164.27 to $243.37.
| Metric | Value | Note |
|---|---|---|
| Market cap | $4.19 tn | Nov 11, 2026 close |
| Trailing P/E | 21.7x | $4.19 tn on $192.9 bn of net profit, the four quarters to Q2 FY2027 |
| Trailing P/S | 13.8x | On $303.0 bn of revenue over the same four quarters |
| Price to book | 18.3x | |
| 52-week range (intraday) | $164.27 – $243.37 | Low Mar 30, 2026; high Oct 6, 2026 |
| 52-week closing high and low | $239.24 and $165.17 | Oct 6, 2026 and Mar 30, 2026 |
| Close vs 52-week high | −28.6% | $173.73 against $243.37 |
| Year to date | −6.8% | From $186.50 on Dec 31, 2025 |
| 12 months | −10.1% | From $193.16 on Nov 11, 2025 |
The P/E and P/S figures are computed on the four reported quarters to July 2026, so they do not include the quarter ended Oct 25, 2026, which is reported on Nov 17. Winus returned no dividend yield for NVDA, so none is shown. Prices are unadjusted closes and exclude dividends.
Is NVIDIA overvalued? Its P/E history from 2021 to 2026
NVIDIA's trailing P/E fell from 54.2 times on Nov 11, 2025 to 21.7 times on Nov 11, 2026. That is the second-lowest reading in 1,255 trading days. This page reports the multiple and does not rate the stock.
Show data
| Period | x | Note |
|---|---|---|
| Nov 2021 | 107.3 | |
| Nov 2022 | 52.5 | |
| Nov 2023 | 115.6 | Nov 10, 2023 |
| Nov 2024 | 67.2 | |
| Nov 2025 | 54.2 | |
| Nov 2026 | 21.7 | Nov 11, 2026 |
Source: Winus (winus.ai) financial data, retrieved Nov 12, 2026 (HKT); price to trailing twelve-month earnings on or just before Nov 11 each year
| Date | Market cap | Trailing P/E | Trailing P/S |
|---|---|---|---|
| Nov 11, 2021 | $760 bn | 107.3x | 34.7x |
| Nov 11, 2022 | $402 bn | 52.5x | 13.7x |
| Nov 10, 2023 | $1.19 tn | 115.6x | Not pulled |
| Nov 11, 2024 | $3.56 tn | 67.2x | Not pulled |
| Nov 11, 2025 | $4.69 tn | 54.2x | Not pulled |
| Dec 31, 2025 | $4.53 tn | 45.7x | Not pulled |
| Nov 10, 2026 | $4.07 tn | 21.1x | 13.4x |
| Nov 11, 2026 | $4.19 tn | 21.7x | 13.8x |
Nov 11, 2023 was a Saturday, so the table uses the Nov 10 close for that year. Winus data also gives the percentile: of the 1,255 trading days in the five years to Nov 11, 2026, only one had a lower trailing P/E than 21.7x, and that was Nov 10, 2026 at 21.1x. Over the last year (252 trading days) it is also second-lowest. The market value is 5.5 times its Nov 11, 2021 level of $760 bn.
What moved the multiple is the denominator. From Nov 11, 2025 to Nov 11, 2026 the market value fell 10.8% while trailing net profit rose 122.7%, from $86.6 bn to $192.9 bn. The 2023 reading of 115.6x implies about $10.3 bn of trailing profit at that date's market value. Winus did not return a forward P/E, so this page has only trailing figures.
What to watch in NVIDIA's Q3 FY2027 report
NVIDIA reports Q3 FY2027 on Tuesday, Nov 17, 2026, at about 1:20 p.m. PT. Three numbers to check: revenue against the $108.0 bn outlook, gross margin against 74.0%, net profit against $59.7 bn.
NVIDIA's Q3 FY2027 quarter ended Oct 25, 2026, per its newsroom notice of the call. The benchmarks below come from the Q2 results above and from the outlook in NVIDIA's Q2 FY2027 release.
- Revenue against $108.0 bn. NVIDIA's outlook was $108.0 bn plus or minus 2%, a range of $105.8 bn to $110.2 bn. The midpoint is $11.8 bn above Q2's $96.2 bn and 89.4% above Q3 FY2026's $57.0 bn.
- Gross margin against 74.0%. The outlook was 74.0% plus or minus 50 basis points, against 75.0% in Q2 and a range of 72.4% to 75.0% for the last five quarters.
- Net profit against $59.7 bn. That is Q2 FY2027's figure, and the year-ago Q3 FY2026 was $31.9 bn. Q2's net margin was 62.0%, down from 71.5% in Q1.
Not on this page: analyst consensus, a forward P/E, NVIDIA's guidance for Q4 FY2027 (given with the Q3 results), a FY2027 segment split and cash flow. The Q4 outlook and the segment detail are in NVIDIA's release and CFO commentary on Nov 17. What the CFO said on the Aug 26 call is on the guidance page.
How to check NVIDIA's numbers yourself in Winus
Open Winus, type #NVDA, and ask for a one-pager or for an earnings review of the quarter you want.
The Company One-Pager skill can produce a brief with financials and valuation, and the Global Earnings Review skill can write an earnings note for a given quarter, for example Q3 FY2027 once it is filed. Both cover fields that this page's tables do not, such as segments and analyst references.
Start from Financial Chat, where answers come with citations, or type / to pick a skill. To see how Winus compares with other research tools on a lookup like this, read Koyfin alternatives.
Open NVDA in WinusFree tier: 400 credits a day.
Related reading: AMD vs Intel.
About Winus. Winus (winus.ai) is a financial AI agent platform built on professional financial data and research expertise. Answers carry built-in citations, reusable skills run research workflows, and the output can be a report, an Excel model or a deck. To follow NVIDIA's next report against the benchmarks on this page, Winus can run an earnings analysis for any company and return a note you can keep.
Data sourced from Winus (winus.ai) financial data, which aggregates official data from global exchanges and trading partners. Figures as retrieved on Nov 12, 2026 (HKT); NVIDIA's own filings govern if they differ. This page is for information only and is not investment advice.
FAQ
Is Nvidia a buy?
This page does not rate the stock; it reports facts. NVIDIA closed at $173.73 on Nov 11, 2026, 28.6% below its 52-week high, at 21.7 times trailing earnings. Q2 FY2027 revenue was $96.2 bn, up 105.9% year on year, at a 75.0% gross margin.
Is Nvidia overvalued?
This page reports the multiples and does not rate the stock. NVIDIA traded at 21.7 times trailing earnings and 13.8 times sales at the Nov 11, 2026 close, against 54.2 times earnings a year earlier. Trailing net profit rose 122.7% over those 12 months while the market value fell 10.8%.
When does NVIDIA report Q3 FY2027 earnings?
NVIDIA said it will announce results on Tuesday, Nov 17, 2026, at about 1:20 p.m. PT, with a conference call at 2 p.m. PT. The quarter ended Oct 25, 2026. The notice is on NVIDIA's newsroom, linked on this page.
What is NVIDIA's gross margin?
NVIDIA's GAAP gross margin was 75.0% in Q2 FY2027. It has been at or above 72% for five straight quarters. The low of the last eight quarters was 60.5% in Q1 FY2026, and the full-year figure was 71.1% in FY2026 and 75.0% in FY2025.
What is Winus?
Winus is a financial AI agent platform built on professional financial data and research expertise. It combines specialized tools, reusable financial skills and coordinated AI agents so a natural-language request about a company, fund or market can produce research reports, Excel models and presentation decks. Type #NVDA in Winus to run this page's analysis yourself.