NVDA changes
Pick any two versions below to diff them.
- Price
- $228.38 → $229.28(+0.4%)
- Next earnings
- Nov 17, 2026 → Nov 18, 2026
- Balance sheet
- added: Cash: $56.6B Debt: $33.5B Net cash: $23.1B Interest cover: 357× Debt due within 12 months: $1.0B Ratings: Moody's Aa1 (positive outlook), S&P AA Nvidia holds much more cash than removed: debt. At July 26, 2026, it had $56.6 added: debt, but the balance sheet does not show its largest calls on cash. These are $279 billion of removed: cash, cash equivalents added: supply and added: capacity commitments and $51.2 billion of stakes in private companies. Cash includes marketable debt removed: securities. It also had added: securities, but not $42.8 billion of listed equity securities. removed: Against this, it had $33.5 billion of added: Debt is senior unsecured notes at the removed: parent added: parent, and added: it does not include $5.5 billion of operating lease liabilities. The notes increased in June 2026, when Nvidia issued $25.0 billion in seven tranches. removed: Only $1.0 billion falls due within one year, and $17.5 billion falls due after five years. removed: In added: Interest cover is for the first half of fiscal removed: 2027, operating income of $117.3 billion covered interest expense of $329 million more than 300 times. added: 2027. The $25.0 billion commercial paper program was unused. Moody's removed: rates the notes Aa1 with a positive outlook (affirmed added: affirmed its rating in August removed: 2026), added: 2026, and S&P raised its rating removed: to AA in June 2026. removed: The balance sheet does not show the largest calls on cash. These are $279 billion of supply and capacity commitments and $51.2 billion of stakes in private companies. Nvidia also guarantees lease and power payments for an OpenAI data center campus in Ohio, capped at $105 billion and starting from fiscal 2029. The cash and cash flow give room to keep buying back shares ($39.8 billion in the first half of fiscal 2027) and to invest. But the guarantees tie part of its future risk to the credit of one customer. As of Jul 26, 2026.
- Checkpoints
- Nov removed: 17, added: 18, 2026 (estimate): Fiscal Q3 2027 results: gross margin and customer breadth. Pending. Watch: Gross margin near the 74% guidance and data center growth from many customers pass; a margin below guidance or growth that depends on financed buyers fails. Feb 2027 (estimate): Fiscal Q4 2027 results: margin floor and Vera Rubin ramp. Pending. Watch: Gross margin that holds at or above the 71% to 72% guidance while Vera Rubin ships widely passes; a further margin cut or a slow Rubin ramp fails. Q2 2027 (estimate): Hugging Face purchase closes after regulatory review. Pending. Watch: A close in the first half of 2027 on the agreed terms passes; a block or a long delay by regulators fails. 2027 (estimate): Justice Department decision on the Groq license deal. Pending. Watch: An inquiry that ends with no forced change to the Groq deal passes; a lawsuit or an order to undo the deal fails.