NVDA's valuation multiples as of September 1, 2026 are approximately 27.9x trailing P/E, 18.3x forward P/E, 23.3x price-to-book, and 26.0x EV/EBITDA, though forward P/E estimates vary across providers (GuruFocus showed 24.5x as of Aug 19, 2026).

In Q2 fiscal 2027 (reported late August 2026), Nvidia posted revenue of $96.2 billion (up 106% year-over-year and 18% sequentially) with non-GAAP diluted EPS of $2.22 and GAAP diluted EPS of $2.46, beating consensus expectations of roughly $92.2 billion in revenue and about $2.09-$2.10 in adjusted EPS.

Data Center revenue reached $89.0 billion in Q2 FY2027, up 117% year-over-year, split between roughly $48.7-$49 billion from hyperscale customers and about $40 billion from AI Clouds, Industrial & Enterprise customers, and Nvidia guided Q3 FY2027 revenue to $108 billion ±2% assuming zero China data-center compute revenue.

NVDA shares surged roughly 8.7% on August 27-28, 2026 following the report, adding more than $400 billion in market value, driven by both the beat and guidance for calendar-2027 revenue growth of about 70% — nearly double what analysts had modeled.

Nvidia generated $21.3 billion of free cash flow in Q2 FY2027 alone ($127.0 billion trailing-twelve-month FCF), holds $62.5 billion in cash against $38.9 billion of total debt (net cash position), and returned about $26 billion to shareholders in the quarter via $19.7 billion of buybacks and $6.0 billion of dividends.

NVDA pays a quarterly dividend of $0.25 per share (next payable October 1, 2026), equating to roughly $1.00 annually and a dividend yield of approximately 0.46%.

The post-earnings analyst reaction was broadly positive but not unanimous in magnitude: major-bank targets cluster between $275 (Barclays) and $350 (BofA) against a $217.40 price, while the street-wide range of $180 to $515 shows unusually wide disagreement about Nvidia's forward AI-capex-driven earnings power.

The primary catalyst for the late-August 2026 rally was Nvidia's fiscal Q2 2027 report (August 26, 2026): revenue of $96.2 billion, up 106% year over year from $46.7 billion, and EPS of $2.22, up 111% from $1.05, with gross margin of 75.0% versus 72.7% a year earlier.

Management guided fiscal Q3 2027 revenue to $108 billion plus or minus 2% (roughly 89% year-over-year growth), but flagged gross margin slipping to 74% and supply commitments more than doubling from $119 billion to $279 billion, primarily for memory procurement — forward catalysts and cost risks the market is now pricing.

As of September 1, 2026, NVDA trades at approximately $217.43 per share with a market capitalization of about $5.25 trillion and an enterprise value of roughly $5.23 trillion.

Nvidia's Q2 FY2027 GAAP EPS of $2.46 was inflated above its $2.22 non-GAAP EPS primarily by a one-time $7.8 billion gain on equity securities (non-operating investment marks), which should be excluded when assessing the underlying earnings beat.

Relative to its closest AI-accelerator peer, NVDA trades at a substantial discount: NVDA's forward P/E of roughly 18-24x and EV/EBITDA of about 26x compare with AMD's forward P/E of roughly 43-63x and EV/EBITDA near 80x, and NVDA's trailing P/E of roughly 28-32x sits toward the low end of its own multi-year range on MacroTrends' 2012-2026 P/E history as earnings growth has outpaced the share price.

As of September 1, 2026, NVDA carries a Strong Buy consensus from 60 analysts, broken down as 48 Strong Buy, 9 Buy, 2 Hold, 0 Sell, and 1 Strong Sell, with the stock trading around $217.40.

The average 12-month analyst price target for NVDA is $325.99 (about 50% above the current price), the median is $315 (+44.9%), and the target range runs from a low of $180 to a high of $515.

JPMorgan set a $320 price target on NVDA after the August 2026 earnings (roughly 47% above the current $217.40), and Citi maintained a Buy with a $315 target (about 45% upside).

Before earnings, NVDA had declined 7.5% over seven straight sessions to close at $213 on August 25, 2026, and the stock remains below its all-time high of $236.54 set May 14, 2026, which stands as the key overhead resistance zone alongside the ~$231-232 area.

Following Nvidia's fiscal Q2 report on August 26, 2026 (revenue of $96.2 billion, up 106% year over year, with fiscal Q3 guidance of roughly $108 billion), Goldman Sachs raised its price target to $300 from $285 while keeping a Neutral rating — implying about 38% upside from $217.40.

Morgan Stanley raised its NVDA price target to $300 from $288 with an Overweight rating after the August 2026 earnings, with analyst Joseph Moore citing calendar-2027 revenue commentary and a gross-margin reset as the incremental positives — about 38% upside versus the current price.

Bank of America named Nvidia a top pick with a $350 price target — the most bullish among the major banks surveyed and roughly 61% above the September 1 price — while Barclays' Raimo Lenschow maintained a Buy with a lower-than-consensus $275 target (about 26% upside).

Other notable actions in the 90 days before September 1, 2026 include Stifel Nicolaus raising its target from $282 to $315 (Aug 30), Phillip Securities raising from $285 to $300 (Sep 1), and UBS lifting its target to $205 ahead of the Q2 print — a pre-earnings target that now sits below the current price.

NVDA shares rallied approximately 27.4% over the six months ending late August 2026, outperforming the Zacks Semiconductor – General industry's 25.1% rise, while the 12-month total return was approximately 20.9%.

Just before its August 26, 2026 earnings, NVDA traded at $217.55, above both its 50-day simple moving average of $208.42 and its 200-day simple moving average of $195.83, keeping it in a technical uptrend on both timeframes.

NVDA's RSI(14) reading was approximately 52.3 heading into the earnings report, a neutral level that implied the stock was neither overbought nor oversold before the post-earnings surge.

Post-earnings technical support is identified in the $207.58-$209.43 zone (a confluence of trend lines and moving averages across timeframes), with nearer-term support around $217 at the 20-day moving average, versus a post-earnings price near $228.