A complete, saved report from the Delta Research platform, dated 2026-11-03. This is a historical snapshot, not live market data. Research scores and analyst estimates are not investment advice, a recommendation or an invitation to trade. Forecasts are uncertain; investing involves risk.

NVIDIA CORPORATION

Technology / Semiconductors

RESEARCH REPORTReport date: 03-Nov-2026

203.89 (USD)Report currency: USD

03-Nov-2026 · NASDAQ Exchange

52-Week High243.07

Volume119.2M

PE Ratio25.4

Div per Share0.25

ROE110.1%

Price Target66.4%

1-Mo Return-12.8%

52-Week Low164.33

Market Cap4.9T

Forward PE12.9

Dividend Yield0.3%

Annual Rev.215.9B

EBITDA77.2%

3-Mo Return-6.8%

Average
Score6

Outlook

NEUTRAL OUTLOOK: NVIDIA Corporation's current score is relatively in-line with the market.

Group: Semiconductors · 5.4

Sector: Technology · 5.5

Market Cap: 5.7 · Market: 5.5

S&P 500: 5.6

Score Averages

Ticker	-6M	-3M	-1M	-1W	Current
NVDA	NR	NR	7	7	6
AAPL	NR	NR	6	6	6
ADI	NR	NR	6	6	6
AVGO	NR	NR	5	5	5
GOOGL	NR	NR	7	7	6

Analytical View

Relatively strong profitability; a mixed valuation profile; moderate relative price momentum.

Largest positive weighted contribution: fundamentals (7/10); Largest negative weighted contribution: price momentum (4/10). Scores summarize a relative analytical profile, not a Buy/Sell instruction.

Highlights

The latest recorded Average score change was from 7 to 6 on 03-Nov-2026.
The largest weighted component change between those recorded scores was earnings: 7 to 6.
NVIDIA Corporation's Average score is 6, compared with the Semiconductors average of 5.4 and the S&P500 average of 5.6.

Analyst Consensus

buy79 Analysts

Mean recommendation from all analysts covering a standardized 5-point scale

Strong Sell

Sell

Hold

Buy

Strong Buy

Price and Volume

1-Year Return: -1.4%

3-Year Return: 382.5%

Business Summary

NVIDIA Corporation stands as a prominent provider of advanced graphics, computational, and networking solutions, operating across the United States, Taiwan, China, and numerous international markets. Its Graphics division encompasses GeForce GPUs, central to PC gaming and personal computing experiences, along with the GeForce NOW cloud gaming service and its supporting infrastructure, as well as dedicated solutions for various gaming platforms. For professional visualization, it provides Quadro and NVIDIA RTX GPUs for enterprise workstations, further offering vGPU software designed for cloud-centric visual and virtual computing, automotive platforms for in-vehicle infotainment, and the Omniverse software suite, facilitating 3D design and virtual world creation. The Compute & Networking segment is a cornerstone for AI, high-performance computing (HPC), and accelerated data center platforms. It integrates Mellanox networking and interconnect solutions, delivers automotive AI Cockpit technologies, fosters autonomous driving development through strategic agreements, and offers comprehensive autonomous vehicle solutions. This segment also manufactures cryptocurrency mining processors, supplies Jetson platforms for robotics and other embedded applications, and offers enterprise AI software, including NVIDIA AI Enterprise. These diverse offerings find widespread application across the gaming, professional visualization, data center, and automotive sectors. NVIDIA distributes its portfolio through a broad ecosystem, engaging original equipment and device manufacturers, system integrators, add-in board makers, retail channels, software vendors, internet and cloud service providers, automotive companies (both manufacturers and tier-1 suppliers), mapping firms, nascent technology ventures, and other industry stakeholders. A notable strategic partnership exists with Kroger Co. Founded in 1993, NVIDIA Corporation maintains its corporate headquarters in Santa Clara, California.

Average
Score6

Indicator Components

The AVERAGE SCORE combines five analytical components on a 1–10 scale: Fundamental (30%), Earnings (25%), Relative Valuation (15%), Risk (15%) and Price Momentum (15%). Higher scores indicate a more favorable profile under the model. The weighted average is rounded to a whole number and requires at least four available components; weights are redistributed among available components when one is missing. The score summarizes the analytical profile, not business size or past stock performance alone. It is not an investment recommendation or a forecast of future returns.

Optimized
Score6

Optimized Score

An Optimized Score of 6 signals a broadly neutral profile among stocks covered by this model. It is not a forecast of returns over the next 12 months.

The OPTIMIZED SCORE uses the same five components as the Average Score. Base weights are adjusted according to data coverage and the dispersion of component scores across the calculation universe. At least four components are required. A confidence adjustment based on available weight and agreement between components moves the result toward the scale midpoint (5.5) when coverage is incomplete or component scores diverge. The result is rounded to a whole number on a 1–10 scale. This is a model-based analytical summary, not a return-optimized strategy or a forecast of future performance.

Peer Analysis

Average Score	Ticker	Price (USD)(03-Nov-2026)	1-Mo Return	3-Mo Return	1-Yr Return	Market Cap	Trailing PE	Forward PE	Dividend Yield	Net Margin	Price Target	Analysts consensus	Analysts number
6	NVDA	203.89	-12.8%	-6.8%	-1.4%	4.9T	25.4	12.9	0.3%	63.7%	339.17	Buy	79
6	AAPL	330.13	-1.0%	6.3%	22.9%	4.9T	37.5	34.5	0.3%	27.6%	340.88	Buy	112
6	ADI	416.84	-0.0%	10.5%	78.7%	200.1B	48.7	24.8	1.0%	29.8%	480.24	Buy	54
5	AVGO	323.73	-8.7%	-22.4%	-10.6%	1.5T	40.0	16.8	0.8%	42.9%	514.37	Buy	60
6	GOOGL	280.50	-18.3%	-22.5%	-1.0%	3.4T	14.3	18.6	0.3%	50.0%	400.32	Buy	83
6	MSFT	508.28	-1.7%	4.4%	-1.6%	3.8T	26.4	25.4	0.7%	41.2%	611.74	Buy	83
7	TSM	400.45	-15.2%	-3.0%	31.5%	2.1T	23.7	15.9	1.0%	51.5%	585.57	Buy	25
7	MU	842.75	-21.5%	-5.5%	259.5%	943.1B	11.1	4.8	0.1%	63.8%	1,588.85	Buy	70
5	AMD	473.65	-25.2%	-1.4%	82.7%	762.1B	118.5	29.1	0.0%	15.6%	627.14	Buy	71
6	ASML	1,533.78	-17.8%	-8.2%	43.9%	588.2B	40.2	24.9	0.6%	34.1%	2,330.75	Buy	45
4	INTC	60.51	-49.2%	-40.1%	53.4%	317B	-25.2	32.9	0.0%	-20.1%	113.07	Hold	87
5.8	Average	488.59	-15.6%	-8.1%	50.7%	2.1T	32.8	21.9	0.5%	36.4%	721.10	—	69.9

Peer Companies

AAPL	Apple Inc.
ADI	Analog Devices, Inc.
AVGO	Broadcom Inc.
GOOGL	Alphabet Inc.
MSFT	Microsoft Corporation

TSM	Taiwan Semiconductor Manufacturing Company Limited
MU	Micron Technology, Inc.
AMD	Advanced Micro Devices, Inc.
ASML	ASML Holding N.V.
INTC	Intel Corp.

Earnings6

Outlook

NEUTRAL OUTLOOK: NVIDIA Corporation's current score is relatively in-line with the market.

Group: Semiconductors · 5.8

Sector: Technology · 5.8

Market Cap: 5.6 · Market: 5.5

S&P 500: 5.5

Earnings Score Averages

Peer	-6M	-3M	-1M	-1W	Current
ADI	NR	NR	7	8	7
NVDA	NR	NR	7	8	6
AAPL	NR	NR	6	4	4
AVGO	NR	NR	3	5	4
GOOGL	NR	NR	8	8	4

Earnings Indicators

Last 4 Quarters

# Positive Surprises (>2%)	4
# Negative Surprises (<-2%)	0
# In-Line Surprises (within 2%)	0
Avg Surprise	5.2%

Last 4 Weeks

# Up Revisions	6
# Down Revisions	5
Avg Up Revisions	0.2%
Avg Down Revisions	-0.5%

Last 120 Days

# Broker Upgrades	0
# Broker Downgrades	0

Highlights

The latest recorded Earnings score change was from 7 to 6 on 03-Nov-2026.
NVIDIA Corporation's Earnings score is 6, compared with the Semiconductors average of 5.8 and the S&P500 average of 5.5.
NVDA reported 4 positive and 0 negative EPS surprises in the last four quarters.
There were 0 upgrades and 0 downgrades in the last 120 days.

Price Target

The chart indicates where analysts predict the stock price will be within the next 12 months, as compared to the current price.

12-Month Price Target

Mean (USD)	339.17
High	515.00
Low	210.00
Target vs. Current	66.4%
# of Analysts	79

Earnings Per Share

Earnings per share (EPS) is calculated by dividing a company’s earnings by the number of shares outstanding. Analysts tend to interpret a pattern of increasing earnings as a sign of strength and flat or falling earnings as a sign of weakness. The charts provide a comparison between a company’s actual and estimated EPS, including the high and low forecasts.

Quarterly	Apr ’27	Jul ’27
Mean (USD)	3.176	3.648
High	3.557	4.085
Low	2.947	3.385
# of Analysts	12	15

Annual	2027	2028
Mean (USD)	9.291	15.808
High	9.700	17.102
Low	9.001	14.011
# of Analysts	33	32

Mean Estimate Trend

	QApr ’27	QJul ’27	Y2027	Y2028	Price Target
Current	3.176	3.648	9.291	15.808	339.17
30 Days Ago	3.166	3.633	9.275	15.739	345.21
90 Days Ago	—	—	—	—	—
% Change (90 Days)	—	—	—	—	—

Current Fiscal Year End: Jan ’27Next Expected Report Date: —

Analyst Recommendation

buy79 Analysts

Strong Buy

Buy

Hold

Sell

Strong Sell

Earnings Surprises

Comparing a company’s actual earnings to the mean expectation of analysts results in a difference referred to as a ‘positive’ or ‘negative’ surprise. Research has shown that when a company reports a surprise, it is often followed by more of the same surprise type.

Surprise Detail (Last 12 Quarters)

Surprise Type	Amount	Percent
Positive Quarters (> 2%)	12	100.0%
Negative Quarters (< -2%)	0	0.0%
In-Line Quarters (within 2%)	0	0.0%

Surprise Detail (Last 6 periods)

Surprise Type	Announce Date	Actual EPS	Mean EPS	Surprise (%)
Positive	28-May-2025	0.810	0.737	9.9%
Positive	27-Aug-2025	1.050	1.010	4.0%
Positive	19-Nov-2025	1.300	1.260	3.2%
Positive	25-Feb-2026	1.620	1.540	5.2%
Positive	20-May-2026	1.870	1.760	6.3%
Positive	26-Aug-2026	2.220	2.090	6.2%

Annual Revenue

A pattern of increasing sales in conjunction with rising EPS may influence a buy recommendation, while flat or falling sales and faltering earnings may explain a sell recommendation. Rising EPS with flat or falling sales may result from increased cost efficiency and margins, rather than market expansion. This chart shows the sales forecast trend from analysts and the highest and lowest projections for the current and next fiscal year.

	2027	2028
Mean	409.93B	693.67B
High	422.12B	751.61B
Low	370.1B	510.35B
Forecast Growth	89.8%	69.2%
# of Analysts	41	42

Funda-
mental7

Outlook

NEUTRAL OUTLOOK: NVIDIA Corporation's current score is relatively in-line with the market.

Group: Semiconductors · 5.9

Sector: Technology · 5.8

Market Cap: 6.3

S&P 500: 5.8

Fundamental Score Averages

Peer	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Current
NVDA	8	7	8	7	7
GOOGL	7	6	6	7	7
AAPL	5	5	5	6	6
AVGO	5	5	6	6	6
ADI	5	5	5	5	5

Fundamental Indicators

Revenue Growth

83.4%

TTM year-over-year ending Jul ’26

Gross Margin

74.7%

Last 12 months ending Jul ’26

Return On Equity

110.1%

Last 12 months ending Jul ’26

Net Margin

63.7%

Last 12 months ending Jul ’26

Current Ratio

4.6

Interim period ending Jul ’26

Debt-to-Capital

14.5%

Interim period ending Jul ’26

Cash Flow to Debt

345.8%

Last 12 months ending Jul ’26

Interest Coverage

426.7

Last 12 months ending Jul ’26

Oper. Cash Yield

2.7%

TTM operating cash flow / latest available market cap by Nov ’26

Accruals

25.4%

Last 12 months ending Jul ’26

Days Sales In Inv.

150.2

Last 12 months ending Jul ’26

Days Sales In Rec.

76.0

Last 12 months ending Jul ’26

Dividend Growth

1200.0%

TTM year-over-year ending Nov ’26

Dividend Payout

3.5%

Last 12 months ending Jul ’26

Dividend Coverage

19.8

Last 12 months ending Jul ’26

Current Div. Yield

0.3%

As of Nov ’26

Highlights

NVIDIA Corporation's Fundamental score is 7, compared with the Semiconductors average of 5.9 and the S&P500 average of 5.8.
Return on equity is 110.1%, versus a median of 25.2% across 19 other companies in Semiconductors. It is the highest among these 20 companies with available data.
Net margin is 63.7%, versus a median of 29.8% across 19 other companies in Semiconductors.

Debt-to-capital is 14.5%, versus a median of 21.4% across 19 other companies in Semiconductors.
Days sales in inventory is 150.2 days, versus a median of 148.5 days across 19 other companies in Semiconductors.

Relative
Valuation7

Outlook

NEUTRAL OUTLOOK: NVIDIA Corporation's current score is relatively in-line with the market.

Group: Semiconductors · 4.7

Sector: Technology · 5.1

Market Cap: 4.7

S&P 500: 5.4

Relative Valuation Score Average

Peer	-6M	-3M	-1M	-1W	Current
NVDA	NR	NR	6	7	7
AVGO	NR	NR	5	4	5
GOOGL	NR	NR	5	5	5
AAPL	NR	NR	3	3	3
ADI	NR	NR	4	3	3

Relative Valuation Indicators

Price to Sales	16.1
5-Yr Average	23.0
Relat. to 5-Yr Avg.	30% Discount
S&P 500 Index	5.6
Relat. to S&P 500	185% Premium

Trailing PE	25.4
5-Yr Average	60.9
Relat. to 5-Yr Avg.	58% Discount
S&P 500 Index	30.0
Relat. to S&P 500	15% Discount

Forward PE	12.9
5-Yr Average	—
Relat. to 5-Yr Avg.	—
S&P 500 Index	21.6
Relat. to S&P 500	40% Discount

Highlights

The latest recorded Relative Valuation score change was from 6 to 7 on 10-Oct-2026.
NVIDIA Corporation's Relative Valuation score is 7, compared with the Semiconductors average of 4.7 and the S&P500 average of 5.4.
P/S is 16.1, 30.2% below its available five-year historical average (23.0) and 47.5% above the median across 19 other industry companies (10.9).

Trailing P/E is 25.4, 58.3% below its available five-year historical average (60.9) and 35.7% below the median across 18 other industry companies (39.5).
Forward P/E is 12.9, 45.8% below the median across 19 other industry companies (23.8).

Price to Sales

The current share price divided by revenue per share over the last four reported quarters.

Price to Sales: 16.1

5-Year Average: 23.0

S&P 500 Index Average: 5.6

Semiconductors Average: 12.5

Trailing PE

The current share price divided by EPS over the last four reported quarters.

Trailing PE: 25.4

5-Year Average: 60.9

S&P 500 Index Average: 30.0

Semiconductors Average: 54.2

Price / Free Cash Flow

Historical market capitalization divided by free cash flow over the last four quarters. Quarterly TTM observations.

Price / Free Cash Flow: 38.3

5-Year Average: 67.0

Latest fiscal quarter: 2026-11-03

Quarterly TTM observations: 21

EV / EBITDA

Historical enterprise value divided by EBITDA over the last four quarters. Quarterly TTM observations.

EV / EBITDA: 20.9

5-Year Average: 48.0

Latest fiscal quarter: 2026-11-03

Quarterly TTM observations: 21

Risk5

Outlook

NEUTRAL OUTLOOK: NVIDIA Corporation's current score is relatively in-line with the market.

Group: Semiconductors · 4.3

Sector: Technology · 4.7

Market Cap: 6.0

S&P 500: 6.1

Risk Score Averages

Peer	-6M	-3M	-1M	-1W	Current
AAPL	8	8	8	8	8
ADI	NR	NR	7	7	7
GOOGL	NR	NR	7	7	7
AVGO	NR	NR	5	6	6
NVDA	NR	NR	5	5	5

Risk Indicators

Daily Returns (Last 90 Days)

Best8.6%

Worst-5.1%

Standard Deviation

Last 90 Days2.22

Last 60 Months14.10

Beta vs. S&P5001.66

Positive Days Only1.44

Negative Days Only2.46

Correlation vs. S&P500

Last 90 Days51%

Last 60 Months (SPY ETF proxy)71%

Monthly Returns (Last 60 Months)

Best36.4%

Worst-32.0%

Intraday Swing (Last 90 Days)

Average2.3%

Largest6.1%

Beta vs. Group0.48

Positive Days Only0.37

Negative Days Only0.64

Correlation vs. Group

Last 90 Days61%

Last 60 Months62%

Risk Analysis

Peers	Best Daily Return	Worst Daily Return	# Days Up	# Days Down	Largest Intraday Swing	Best Monthly Return	Worst Monthly Return
Peers	Last 90 Days					Last 60 Months
NVDA	8.6%	-5.1%	45	43	6.1%	36.4%	-32.0%
AAPL	4.0%	-7.2%	47	41	4.0%	18.8%	-12.2%
ADI	5.1%	-5.0%	50	38	5.2%	26.5%	-13.3%
AVGO	6.7%	-5.9%	44	43	5.6%	43.2%	-16.2%
GOOGL	6.8%	-12.8%	44	44	7.1%	33.9%	-18.6%
SPY (S&P500 proxy)	1.8%	-1.8%	43	46	1.8%	10.5%	-9.5%

Highlights

NVIDIA Corporation's Risk score is 5, compared with the Semiconductors average of 4.3 and the S&P500 average of 6.1.
Over the last 90 days, daily volatility was 2.22%.

Beta versus S&P500 is 1.44 on positive index days and 2.46 on negative index days, showing greater historical sensitivity in absolute terms on falling-market days.
Correlation with S&P500 is 0.51 over 90 days and 0.71 over 60 months; the shorter-term relationship is weaker in absolute terms.

Price
Momentum4

Outlook

NEUTRAL OUTLOOK: NVIDIA Corporation's current score is relatively in-line with the market.

Group: Semiconductors · 5.5

Sector: Technology · 5.3

Market Cap: 5.5

S&P 500: 5.6

Price Momentum Score Averages

Peer	-6M	-3M	-1M	-1W	Current
ADI	NR	NR	6	6	7
AAPL	4	7	5	7	6
AVGO	NR	NR	5	6	5
NVDA	NR	NR	7	7	4
GOOGL	NR	NR	7	5	4

Price Momentum Indicators

Relative Strength Indicator (From 1 to 100)

	NVDA	Industry Avg
Last 10 Days	32	47
Last 50 Days	29	47
Last 200 Days	36	57

Average Monthly Return (Last 5 Years)

	Nov	Dec	Jan
Company Avg	7.9%	-3.0%	6.6%
Industry Avg	6.9%	1.5%	4.8%
Industry Rank	9 of 18	16 of 18	6 of 18

Price Performance

Daily close prices are used to calculate the performance of the stock as compared to a relevant index over five time periods.

NVDANVDAS&P500S&P500

	NVDA	S&P500
Close Price (03-Nov-2026)	203.89	7,671.10
52-Week High	243.07	7,835.40
52-Week Low	164.33	6,330.00

Highlights

The latest recorded Price Momentum score change was from 5 to 4 on 03-Nov-2026.
NVIDIA Corporation's Price Momentum score is 4, compared with the Semiconductors average of 5.5 and the S&P500 average of 5.6.
At the report's latest available close (203.88), NVDA was 16.1% below its 52-week high (243.07) and 24.1% above its 52-week low (164.33).
The latest close is -7.9% versus the 50-day average (221.34) and -0.9% versus the 200-day average (205.71).
Over one year, NVDA returned -1.4% versus S&P500 at +11.9%, a difference of -13.2 percentage points.

About This Report

The DELTA Research Report provides a structured overview of a security based on available market, financial and analytical information.

The report may include company fundamentals, valuation metrics, analyst expectations, risk indicators and historical price performance.

Scores

Scores range from 1 to 10:

8–10: Positive
4–7: Neutral
1–3: Negative
NR: Insufficient information

Scores are relative analytical indicators. They are not investment recommendations or predictions of future performance.

Data Availability

Information is presented as of the report date. Certain values may relate to different reporting periods or may be unavailable.

A Partial report contains usable information but may be missing one or more sections. A dash or NR indicates unavailable or insufficient information and does not mean zero.

Report snapshot: 2026-11-03. Available component weight: 100% (5/5 components). Fundamental financial period: 2026-07-26. Coverage is not a prediction confidence level. Peer/precision normalization updated; earlier score history may use the previous normalization.

Analyst Information

Analyst recommendations, estimates and price targets represent third-party opinions and expectations. They may change at any time and may not be achieved.

The number of analysts shown in different sections may vary because recommendation and price-target coverage can differ.

Analytical Framework

DELTA evaluates securities across several areas:

Earnings;
Fundamental performance;
Relative valuation;
Risk;
Price momentum.

Each area is assessed using available information and relevant market comparisons. A score is produced only when sufficient information is available.

Interpretation

Scores should be considered together with the underlying indicators, company circumstances and current market conditions.

A Positive score does not guarantee appreciation. A Negative score does not necessarily indicate that the price will decline.

Historical performance, statistical relationships and recurring market patterns may not continue in the future.

Comparisons

Where available, the report compares a company with relevant peers, market segments and benchmarks.

Differences in business models, company size, reporting practices and market conditions may limit comparability.

Model Limitations

Quantitative models cannot reflect every factor that may affect a security. Unexpected company, economic, regulatory or market events may materially change an investment’s value or risk profile.

General Notice

This report is provided for general informational and research purposes only.

Nothing in this report constitutes investment, legal, tax or accounting advice, an offer, a solicitation, or a recommendation to buy, sell or hold any security or financial instrument.

No Personal Recommendation

The report does not consider any user’s financial position, objectives, experience, investment horizon or risk tolerance.

Users are responsible for conducting their own assessment and obtaining independent professional advice where appropriate.

Risk Warning

Investing and trading involve risk, including the possible loss of capital.

Past performance is not indicative of future results. Estimates, ratings, price targets and forward-looking statements are uncertain and may not materialize.

Information Accuracy

Information may be incomplete, delayed, corrected or subject to change without notice.

To the extent permitted by applicable law, DELTA Research makes no guarantee regarding the completeness, accuracy or continued availability of the information and accepts no responsibility for decisions made solely in reliance on this report.

Copyright

Unauthorized reproduction, redistribution or commercial use of this report is prohibited, except where permitted by applicable law.