{ "modelMode": "deterministic_support_for_published_article", "readiness": "screen-grade", "inputs": { "valuationDate": "2026-11-09", "currency": "USD", "units": "USD billion except per-share values", "price": { "value": 186.64, "asOf": "2026-11-06T21:00:00Z", "session": "Nasdaq regular close", "source": "https://stockanalysis.com/stocks/nvda/history/" }, "reported": { "asOf": "2026-07-26", "source": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm", "quarterlyRevenue": [ 46.743, 81.615, 96.221 ], "quarterlyLabels": [ "Q2 FY26", "Q1 FY27", "Q2 FY27" ], "dataCenterQ2": 89, "operatingIncomeQ2": 63.734, "grossMarginQ2": 0.75, "h1Revenue": 177.837, "h1NetIncome": 118.01, "h1OperatingCashFlow": 74.421, "h1Capex": 4.434, "h1EquityGains": 23.707, "cash": 22.443, "debtSecurities": 34.143, "marketableEquity": 42.783, "nonMarketableEquity": 51.157, "debt": 33.366, "accountsReceivable": 63.059, "inventory": 31.575, "prepaids": 3.409, "accountsPayable": 15.059, "accruedCurrentLiabilities": 26.96, "dilutedShares": 24.285, "dilutedSharesBasis": "Q2 FY27 weighted-average diluted shares; fixed proxy, not current fully diluted shares", "basicShares": 24.1, "basicSharesAsOf": "2026-08-21" }, "guidance": { "quarter": "Q3 FY27", "revenue": 108, "range": 0.02, "grossMargin": 0.74, "taxRange": [ 0.16, 0.18 ], "source": "https://investor.nvidia.com/news/press-release-details/2026/NVIDIA-Announces-Financial-Results-for-Second-Quarter-Fiscal-2027/" }, "assumptions": { "tax": 0.18, "daRatio": 0.013, "capexRatio": 0.025, "nwcRatio": 0.2, "equityAssetHaircut": 0.25, "riskFree": 0.0486, "beta": 1.3, "erp": 0.045, "costOfDebt": 0.055, "equityWeight": 0.993, "debtWeight": 0.007, "terminalRationale": "Nominal USD growth; terminal reinvestment = g / ROIC, not a free-growth perpetuity.", "missingEvidence": "No current consensus, GPU unit/ASP forecast, current balance sheet or measured beta. Segment revenue scenarios are author assumptions. July balance sheet is not rolled forward to November. No forecast acquisitions or net share buybacks. SBC stays an expense in EBIT; operating leases remain operating costs." } }, "scenarios": { "bear": { "assumptions": { "dcFirst": 380, "otherFirst": 29, "dcGrowth": [ 0.1, 0.08, 0.06, 0.05, 0.04, 0.03, 0.03, 0.03, 0.03 ], "otherGrowth": 0.03, "margins": [ 0.5, 0.47, 0.44, 0.41, 0.38, 0.35, 0.33, 0.32, 0.31, 0.3 ], "wacc": 0.127, "g": 0.025, "roic": 0.15 }, "startingNwc": 56.02400000000001, "rows": [ { "period": "F1", "endDate": "2027-11-09", "dc": 380, "other": 29, "revenue": 409, "margin": 0.5, "ebit": 204.5, "tax": 36.809999999999995, "nopat": 167.69, "da": 5.317, "capex": 10.225000000000001, "nwc": 81.80000000000001, "changeNwc": 25.776000000000003, "fcff": 137.006, "discountFactor": 0.8873114463176575, "pv": 121.56699201419698 }, { "period": "F2", "endDate": "2028-11-09", "dc": 418.00000000000006, "other": 29.87, "revenue": 447.87000000000006, "margin": 0.47, "ebit": 210.49890000000002, "tax": 37.889802, "nopat": 172.60909800000002, "da": 5.822310000000001, "capex": 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