Financials NVIDIA Corporation

Equities

NVDA

US67066G1040

Semiconductors

Market Closed - Nasdaq Other stock markets 04:00:00 2025-07-11 pm EDT			After hours 07:59:58 pm
164.92 ^USD	+0.50%		164.92	-0.00%

Jul. 11	Tech Slips, but is Buoyed AI Optimism - Tech Roundup	DJ
Jul. 11	US Equity Indexes Decline This Week as Tariff Announcements Unnerve Investors	MT

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	199,885	251,196	292,285
Change	-	61.4%	0.22%	125.85%	114.2%	53.17%	25.67%	16.36%
EBITDA ¹	5,630	11,215	5,768	34,480	83,317	119,864	151,308	175,601
Change	-	99.2%	-48.57%	497.78%	141.64%	43.87%	26.23%	16.06%
EBIT ¹	6,803	12,690	9,040	37,134	86,789	123,815	165,112	190,576
Change	-	86.54%	-28.76%	310.77%	133.72%	42.66%	33.35%	15.42%
Interest Paid ¹	-184	-236	-262	-257	-257	-264.3	-266.3	-2,518
Earnings before Tax (EBT) ¹	4,409	9,941	4,181	33,818	84,026	119,679	149,337	171,521
Change	-	125.47%	-57.94%	708.85%	148.47%	42.43%	24.78%	14.86%
Net income ¹	4,332	9,752	4,368	29,760	72,880	100,614	131,796	154,163
Change	-	125.12%	-55.21%	581.32%	144.89%	38.05%	30.99%	16.97%
Announcement Date	2/24/21	2/16/22	2/22/23	2/21/24	2/26/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: January	2021 Q2	2021 Q3	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
Net sales ¹	3,866	4,726	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	45,619	51,684	57,334	58,689	60,592	63,221	65,562	65,396
Change	-	22.25%	5.86%	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%	3.53%	13.29%	10.93%	2.36%	3.24%	4.34%	3.7%	-0.25%
EBITDA ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,002	17,319	19,075	22,347	24,577	22,249	27,905	33,580	37,568	43,386	44,636	45,643	45,044	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23.69%	10.14%	17.15%	9.98%	-9.47%	25.42%	20.33%	11.88%	15.49%	2.88%	2.26%	-1.31%	-
EBIT ¹	1,516	1,993	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	28,774	33,772	38,235	38,843	40,138	41,775	43,194	43,159
Change	-	31.46%	4.82%	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%	23.62%	17.37%	13.22%	1.59%	3.33%	4.08%	3.4%	-0.08%
Charge d'intérêts ¹	-54	-53	-53	-53	-60	-62	-61	-68	-65	-65	-65	-66	-65	-63	-63	-64	-61	-61	-61	-63	-61.8	-61.8	-61.8	-59.8	-59.8	-59.8	-59.8	-
Earnings before Tax (EBT) ¹	609	1,348	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	28,331	31,626	34,853	35,091	36,214	38,258	39,340	40,071
Change	-	121.35%	9.05%	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%	29.31%	11.63%	10.2%	0.68%	3.2%	5.65%	2.83%	1.86%
Net income ¹	622	1,336	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	22,979	26,753	29,862	31,362	31,862	33,495	34,271	33,966
Change	-	114.79%	9.06%	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%	22.39%	16.42%	11.62%	5.02%	1.6%	5.13%	2.31%	-0.89%
Announcement Date	8/19/20	11/18/20	2/24/21	5/26/21	8/18/21	11/17/21	2/16/22	5/25/22	8/24/22	11/16/22	2/22/23	5/24/23	8/23/23	11/21/23	2/21/24	5/22/24	8/28/24	11/20/24	2/26/25	5/28/25	-	-	-	-	-	-	-	-

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	-86,021	-179,039	-266,079
Change	-	-123.18%	77.17%	-594.62%	-165.5%	-99.08%	-108.13%	-48.62%
Announcement Date	2/24/21	2/16/22	2/22/23	2/21/24	2/26/25	-	-	-

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	4,571	4,949	4,787
Change	-	-13.48%	87.81%	-41.68%	202.71%	41.27%	8.25%	-3.27%
Free Cash Flow (FCF) ¹	4,694	8,132	3,808	27,021	60,724	100,958	128,976	146,417
Change	-	73.24%	-53.17%	609.59%	124.73%	66.26%	27.75%	13.52%
Announcement Date	2/24/21	2/16/22	2/22/23	2/21/24	2/26/25	-	-	-

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%	59.97%	60.23%	60.08%
EBIT Margin (%)	40.8%	47.15%	33.51%	60.95%	66.51%	61.94%	65.73%	65.2%
EBT Margin (%)	26.44%	36.94%	15.5%	55.51%	64.39%	59.87%	59.45%	58.68%
Net margin (%)	25.98%	36.23%	16.19%	48.85%	55.85%	50.34%	52.47%	52.74%
FCF margin (%)	28.15%	30.21%	14.12%	44.35%	46.53%	50.51%	51.34%	50.09%
FCF / Net Income (%)	108.36%	83.39%	87.18%	90.8%	83.32%	100.34%	97.86%	94.98%
Profitability
ROA	18.79%	30.86%	19.6%	60.45%	83.76%	68.73%	59.15%	46.7%
ROE	43.15%	51.76%	34.35%	99.3%	121.44%	94.99%	74.65%	57.31%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.76%	3.63%	6.8%	1.75%	2.48%	2.29%	1.97%	1.64%
CAPEX / EBITDA (%)	20.04%	8.7%	31.78%	3.1%	3.88%	3.81%	3.27%	2.73%
CAPEX / FCF (%)	24.03%	12%	48.14%	3.96%	5.33%	4.53%	3.84%	3.27%
Items per share
Cash flow per share ¹	0.2318	0.3593	0.225	1.126	2.584	4.304	5.495	6.53
Change	-	55.02%	-37.37%	400.56%	129.41%	66.59%	27.67%	18.83%
Dividend per Share ¹	0.016	0.016	0.016	0.016	0.07	0.04	0.04	0.041
Change	-	0%	0%	0%	337.5%	-42.89%	0%	2.55%
Book Value Per Share ¹	0.6812	1.05	0.8816	1.723	3.198	6.013	9.945	14.99
Change	-	54.1%	-16.02%	95.45%	85.62%	88.02%	65.39%	50.69%
EPS ¹	0.1725	0.385	0.174	1.193	2.94	4.083	5.352	6.194
Change	-	123.19%	-54.81%	585.63%	146.44%	38.88%	31.09%	15.72%
Nbr of stocks (in thousands)	24,760,000	25,000,000	24,610,000	24,700,000	24,490,000	24,400,000	24,400,000	24,400,000
Announcement Date	2/24/21	2/16/22	2/22/23	2/21/24	2/26/25	-	-	-