Financials NVIDIA Corporation

Equities

NVDA

US67066G1040

Semiconductors

Market Closed - Nasdaq Other stock markets 21:00:00 10/12/2025 GMT			After hours 01:00:00
183.78 ^USD	-0.64%		181.56	-1.21%

12-10	Synopsys tops revenue estimates on strong demand for chip design tools	RE
12-10	US can replicate revenues if Supreme Court rules against IEEPA tariffs, trade chief says	RE

Projected Income Statement: NVIDIA Corporation

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	16,675	26,914	26,974	60,922	130,497	213,125	316,404	403,831
Change	-	61.4%	0.22%	125.85%	114.2%	63.32%	48.46%	27.63%
EBITDA ¹	5,630	11,215	5,768	34,480	83,317	135,447	207,773	258,660
Change	-	99.2%	-48.57%	497.78%	141.64%	62.57%	53.4%	24.49%
EBIT ¹	6,803	12,690	9,040	37,134	86,789	134,649	209,328	268,151
Change	-	86.54%	-28.76%	310.77%	133.72%	55.15%	55.46%	28.1%
Interest Paid ¹	-184	-236	-262	-257	-257	-252	-257.3	-230
Earnings before Tax (EBT) ¹	4,409	9,941	4,181	33,818	84,026	132,190	194,316	242,882
Change	-	125.47%	-57.94%	708.85%	148.47%	57.32%	47%	24.99%
Net income ¹	4,332	9,752	4,368	29,760	72,880	112,227	169,258	213,444
Change	-	125.12%	-55.21%	581.32%	144.89%	53.99%	50.82%	26.11%
Announcement Date	24/02/21	16/02/22	22/02/23	21/02/24	26/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: January	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2	2028 Q3
Net sales ¹	5,003	5,661	6,507	7,103	7,643	8,288	6,704	5,931	6,051	7,192	13,507	18,120	22,103	26,044	30,040	35,082	39,331	44,062	46,743	57,006	65,466	70,208	76,285	85,323	92,200	96,189	99,507	106,039
Change	-	13.15%	14.94%	9.16%	7.6%	8.44%	-19.11%	-11.53%	2.02%	18.86%	87.81%	34.15%	21.98%	17.83%	15.34%	16.78%	12.11%	12.03%	6.08%	21.96%	14.84%	7.24%	8.65%	11.85%	8.06%	4.33%	3.45%	6.56%
EBITDA ¹	-	-	-	-	-	-	-	-	-	-	-	-	14,002	17,319	19,075	22,347	24,577	22,249	29,108	38,504	45,034	48,975	52,354	58,156	62,842	70,040	71,933	76,058
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	23.69%	10.14%	17.15%	9.98%	-9.47%	30.83%	32.28%	16.96%	8.75%	6.9%	11.08%	8.06%	11.45%	2.7%	5.74%
EBIT ¹	2,089	2,557	3,071	3,386	3,677	3,955	1,325	1,536	2,224	3,052	7,776	11,557	14,749	18,059	19,937	23,276	25,516	23,275	30,165	37,752	44,131	47,245	51,465	57,325	62,243	63,969	65,883	70,227
Change	-	22.4%	20.1%	10.26%	8.59%	7.56%	-66.5%	15.92%	44.79%	37.23%	154.78%	48.62%	27.62%	22.44%	10.4%	16.75%	9.62%	-8.78%	29.6%	25.15%	16.9%	7.06%	8.93%	11.39%	8.58%	2.77%	2.99%	6.59%
Charge d'intérêts ¹	-53	-53	-60	-62	-61	-68	-65	-65	-65	-66	-65	-63	-63	-64	-61	-61	-61	-63	-62	-61	-67.67	-65.67	-66.17	-66	-66	-56	-56	-56
Earnings before Tax (EBT) ¹	1,470	2,044	2,394	2,638	2,865	1,805	475	613	1,289	2,209	6,981	10,522	14,106	17,279	19,214	22,316	25,217	21,910	31,206	37,936	43,306	44,628	47,827	52,783	56,125	58,672	56,193	61,006
Change	-	39.05%	17.12%	10.19%	8.61%	-37%	-73.68%	29.05%	110.28%	71.37%	216.03%	50.72%	34.06%	22.49%	11.2%	16.14%	13%	-13.11%	42.43%	21.57%	14.16%	3.05%	7.17%	10.36%	6.33%	4.54%	-4.22%	8.56%
Net income ¹	1,457	1,912	2,374	2,464	3,003	1,618	656	680	1,414	2,043	6,188	9,243	12,285	14,881	16,599	19,309	22,091	18,775	26,422	31,910	35,763	38,172	41,372	45,906	49,783	51,121	52,499	55,861
Change	-	31.23%	24.16%	3.79%	21.88%	-46.12%	-59.46%	3.66%	107.94%	44.48%	202.89%	49.37%	32.91%	21.13%	11.54%	16.33%	14.41%	-15.01%	40.73%	20.77%	12.08%	6.74%	8.38%	10.96%	8.45%	2.69%	2.69%	6.4%
Announcement Date	24/02/21	26/05/21	18/08/21	17/11/21	16/02/22	25/05/22	24/08/22	16/11/22	22/02/23	24/05/23	23/08/23	21/11/23	21/02/24	22/05/24	28/08/24	20/11/24	26/02/25	28/05/25	27/08/25	19/11/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: NVIDIA Corporation

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-4,598	-10,262	-2,343	-16,275	-43,210	-70,476	-178,262	-318,100
Change	-	-123.18%	77.17%	-594.62%	-165.5%	-63.1%	-152.94%	-78.45%
Announcement Date	24/02/21	16/02/22	22/02/23	21/02/24	26/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: NVIDIA Corporation

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	1,128	976	1,833	1,069	3,236	6,029	7,327	8,088
Change	-	-13.48%	87.81%	-41.68%	202.71%	86.31%	21.53%	10.38%
Free Cash Flow (FCF) ¹	4,694	8,132	3,808	27,021	60,853	96,850	156,225	200,266
Change	-	73.24%	-53.17%	609.59%	125.21%	59.15%	61.31%	28.19%
Announcement Date	24/02/21	16/02/22	22/02/23	21/02/24	26/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: NVIDIA Corporation

Fiscal Period: January	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	33.76%	41.67%	21.38%	56.6%	63.85%	63.55%	65.67%	64.05%
EBIT Margin (%)	40.8%	47.15%	33.51%	60.95%	66.51%	63.18%	66.16%	66.4%
EBT Margin (%)	26.44%	36.94%	15.5%	55.51%	64.39%	62.02%	61.41%	60.14%
Net margin (%)	25.98%	36.23%	16.19%	48.85%	55.85%	52.66%	53.49%	52.85%
FCF margin (%)	28.15%	30.21%	14.12%	44.35%	46.63%	45.44%	49.38%	49.59%
FCF / Net Income (%)	108.36%	83.39%	87.18%	90.8%	83.5%	86.3%	92.3%	93.83%
Profitability
ROA	18.79%	30.86%	19.6%	60.45%	83.76%	70.8%	67.86%	59.62%
ROE	43.15%	51.76%	34.35%	99.3%	121.44%	93%	79.39%	63.25%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.76%	3.63%	6.8%	1.75%	2.48%	2.83%	2.32%	2%
CAPEX / EBITDA (%)	20.04%	8.7%	31.78%	3.1%	3.88%	4.45%	3.53%	3.13%
CAPEX / FCF (%)	24.03%	12%	48.14%	3.96%	5.32%	6.23%	4.69%	4.04%
Items per share
Cash flow per share ¹	0.2318	0.3593	0.225	1.126	2.584	4.337	7.34	9.648
Change	-	55.02%	-37.37%	400.56%	129.41%	67.84%	69.26%	31.44%
Dividend per Share ¹	0.016	0.016	0.016	0.016	0.07	0.04	0.0409	0.0414
Change	-	0%	0%	0%	337.5%	-42.86%	2.3%	1.17%
Book Value Per Share ¹	0.6812	1.05	0.8816	1.723	3.198	6.343	11.75	18.87
Change	-	54.1%	-16.02%	95.45%	85.62%	98.33%	85.27%	60.54%
EPS ¹	0.1725	0.385	0.174	1.193	2.94	4.593	7.005	9.034
Change	-	123.19%	-54.81%	585.63%	146.44%	56.22%	52.51%	28.97%
Nbr of stocks (in thousands)	24,760,000	25,000,000	24,610,000	24,700,000	24,490,000	24,299,000	24,299,000	24,299,000
Announcement Date	24/02/21	16/02/22	22/02/23	21/02/24	26/02/25	-	-	-