$NVDA reported earnings on May 20, 2026. The headline numbers are hard to ignore: revenue grew 73.2% year-over-year, and earnings per share grew 95.6% year-over-year. EPS growth outpacing revenue growth by that margin points to meaningful operating leverage — costs are not scaling at the same rate as the top line.
At the time of reporting, $NVDA trades at $224.29 with a market cap of $5.43T. The trailing P/E sits at 34.2, but the forward P/E drops to 19.2. That gap between trailing and forward multiples reflects the market pricing in continued earnings expansion. If forward estimates hold, the stock is trading at a much lower multiple on next year's expected earnings than the trailing figure suggests.
The consensus analyst price target stands at $272.94, which represents meaningful upside from the current $224.29 price. The dividend yield comes in at 2.0%.
Recibe el resumen semanal de ACCE
Rentabilidad de los índices, repaso de las selecciones y los mayores cambios de puntuación, cada domingo. Sin relleno.
The ACCE score for $NVDA is 80 out of 100.
What it means
A 73.2% revenue jump in a single year is not a rounding error. For a company already operating at the scale $NVDA does, that kind of growth rate is exceptional. The fact that EPS grew even faster — 95.6% — tells you the business is not just growing revenue but converting more of it to profit. Gross margins, operating efficiency, or both are moving in the right direction.
The forward P/E of 19.2 versus a trailing P/E of 34.2 is worth sitting with. Markets are effectively saying they expect earnings to grow substantially between now and the next twelve months. That is a high bar. If $NVDA hits those estimates, the valuation looks reasonable by historical tech standards. If growth decelerates sharply, the trailing multiple becomes the more relevant anchor.
We do not have guidance commentary from this earnings report, so we cannot speak to what management said about the next quarter or fiscal year. That context matters, and readers should watch for any official guidance updates on acceinvestments.com/stocks/NVDA.
The ACCE score of 80/100 reflects the combination of strong fundamental momentum and current valuation. It is not a buy or sell signal on its own, but it does indicate the quantitative picture is broadly positive heading into the next reporting period.
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