LPTH
LightPath Technologies, Inc.
LPTH's outlook is improving, though it still trails on the overall score.
NVDA
NVIDIA Corporation
NVDA has the edge over LPTH overall, supported by stronger valuation and lower modeled downside.
LPTH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Strong |
LPTH's revenue and balance sheet are currently healthy, but its profitability and cash flow are weak.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
LPTH PE Valuation
LPTH has no meaningful PE right now: it lost money over the past year.
NVDA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $166 | — |
| Current | 21x | $166 | — |
| Cheap | 44x | $345 | +108% |
| Fair | 65x | $511 | +207% |
| Expensive | 93x | $734 | +342% |
Historical ranges are pointers, not guarantees.
NVDA's PE is in its cheap range at 21x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
LPTH Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
LPTH has the edge over NVDA on the outlook, with more favorable profitability expectations.
NVDA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for NVDA, but weaker profitability.
LPTH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2024 | -$0.23 | -$0.09 |
| Q3 2024 | -$0.21 | -$0.09 |
| Q2 2024 | -$0.21 | -$0.08 |
| Q1 2024 | -$0.18 | -$0.02 |
| Q4 2023 | -$0.14 | +$0.01 |
| Q3 2023 | -$0.12 | +$0.04 |
| Q2 2023 | -$0.13 | $0.00 |
| Q1 2023 | -$0.16 | +$0.02 |
NVDA has the stronger earnings trend. Trailing diluted EPS is down 257% for LPTH versus NVDA up 125%.
NVDA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.77 | +74% |
| Q3 2026 | $7.91 | +125% |
| Q2 2026 | $6.53 | +111% |
| Q1 2026 | $4.90 | +67% |
| Q4 2025 | $4.03 | +59% |
| Q3 2025 | $3.51 | +65% |
| Q2 2025 | $3.10 | +81% |
| Q1 2025 | $2.94 | +147% |
| Q4 2024 | $2.54 | +234% |
NVDA's earnings per share have climbed steadily: $7.91 over the past year, up 125% from the year before, and higher year over year for 13 quarters in a row.
LPTH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.8M | +38% |
| Q2 2026 | $21.2M | +73% |
| Q1 2026 | $19.1M | +109% |
| Q4 2025 | $16.4M | +120% |
| Q3 2025 | $15.1M | +79% |
| Q2 2025 | $12.2M | +41% |
| Q1 2025 | $9.2M | +19% |
| Q4 2024 | $7.4M | +1.5% |
LPTH's revenue has grown year over year for nine quarters in a row: $21M last quarter, up 38% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -10% | +6.2 points |
| Q2 2026 | -20% | +18 points |
| Q1 2026 | -22% | +14 points |
| Q4 2025 | -53% | -19 points |
| Q3 2025 | -17% | -0.3 points |
| Q2 2025 | -38% | -12 points |
| Q1 2025 | -36% | -2.7 points |
| Q4 2024 | -33% | -9.1 points |
LPTH's operating margin was −10% last quarter, up 6.2 points from the same quarter a year ago.
NVDA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $96.2B | +106% |
| Q2 2026 | $81.6B | +85% |
| Q1 2026 | $68.1B | +73% |
| Q4 2025 | $57B | +62% |
| Q3 2025 | $46.7B | +56% |
| Q2 2025 | $44.1B | +69% |
| Q1 2025 | $39.3B | +78% |
| Q4 2024 | $35.1B | +94% |
NVDA has the edge over LPTH on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 66% | +5.4 points |
| Q2 2026 | 66% | +17 points |
| Q1 2026 | 65% | +3.9 points |
| Q4 2025 | 63% | +0.8 points |
| Q3 2025 | 61% | -1.2 points |
| Q2 2025 | 49% | -16 points |
| Q1 2025 | 61% | -0.5 points |
| Q4 2024 | 62% | +4.9 points |
NVDA has the edge over LPTH on profitability, with a higher operating margin.
LPTH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$10.9M | -$9.6M |
| Q2 2026 | -$9.5M | -$6.2M |
| Q1 2026 | -$7.7M | -$4M |
| Q4 2025 | $2M | +$2.8M |
| Q3 2025 | -$1.2M | +$560.1K |
| Q2 2025 | -$3.3M | -$3.1M |
| Q1 2025 | -$3.7M | -$2.9M |
| Q4 2024 | -$817.8K | +$981 |
LPTH has burned cash in most quarters: −$26M over the past year, against −$9M the year before.
NVDA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.4B | +59% |
| Q2 2026 | $48.6B | +86% |
| Q1 2026 | $34.9B | +124% |
| Q4 2025 | $22.1B | +32% |
| Q3 2025 | $13.5B | -0.3% |
| Q2 2025 | $26.2B | +75% |
| Q1 2025 | $15.6B | +38% |
| Q3 2024 | $13.5B | +113% |
NVDA has the edge over LPTH on cash generation, producing positive trailing cash flow while its opponent burns cash.
LPTH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +19% | +11.4M shares |
| 1 year | +71% | +29.1M shares |
| 3 years | +99% | +34.9M shares |
| 5 years | +166% | +43.6M shares |
| Available history | +156% | +42.6M shares |
LPTH has 70M diluted shares, up 71% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
NVDA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -106M shares |
| 1 year | -1% | -247M shares |
| 3 years | -2.8% | -705M shares |
| 5 years | -4.1% | -1B shares |
| Available history | -1.8% | -435M shares |
NVDA has the edge over LPTH on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7B |
| Q2 2026 | $19.3B |
| Q1 2026 | $3.8B |
| Q4 2025 | $12.5B |
| Q3 2025 | $9.7B |
| Q2 2025 | $14.1B |
| Q1 2025 | $7.8B |
| Q4 2024 | $11B |
NVDA spent $55.3B buying back its own shares over the past year, up 30% from the year before.
LPTH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | -3.2x | Net Cash |
| Q3 2022 | -20.5x | Net Cash |
| Q2 2022 | -2.3x | Net Cash |
| Q3 2021 | 0.2x | Very low |
| Q2 2021 | -1.6x | Net Cash |
| Q1 2021 | -0.4x | Net Cash |
| Q4 2020 | -0.2x | Net Cash |
| Q3 2020 | -0.2x | Net Cash |
LPTH has more cash than debt.
NVDA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Very low |
| Q4 2024 | -0.0x | Net Cash |
NVDA's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
LPTH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.8 | Neutral |
| Stochastic | 13.1 | Oversold |
LPTH's weekly RSI is 40 (neutral) and its Stochastic is 13 (oversold).
NVDA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.4 | Neutral |
| Stochastic | 18.1 | Oversold |
NVDA's weekly RSI is 33 (neutral) and its Stochastic is 18 (oversold).
LPTH PE vs Technology Sector
| Metric | LPTH | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
LPTH has no meaningful PE right now: it lost money over the past year.
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA is trading at 21x earnings, a 25% discount to the Technology sector's median of 28x.
LPTH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.51 | 15% below |
| 20 week MA | $10.4 | 31% below |
| 50 week MA | $11.4 | 37% below |
| 100 week MA | $7.72 | 6.6% below |
| 200 week MA | $4.60 | 57% above |
LPTH has fallen below most of its moving averages, though it's still 57% above its 200-week average.
NVDA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $208.9 | 20% below |
| 20 week MA | $212.0 | 22% below |
| 50 week MA | $199.9 | 17% below |
| 100 week MA | $175.1 | 5.1% below |
| 200 week MA | $123.6 | 34% above |
NVDA has fallen below most of its moving averages, though it's still 34% above its 200-week average.
LPTH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.69 | $4.06 | +488% |
| 2021 | $4.06 | $2.31 | -43% |
| 2022 | $2.31 | $1.20 | -48% |
| 2023 | $1.20 | $1.26 | +5% |
| 2024 | $1.26 | $3.49 | +177% |
| 2025 | $3.49 | $9.02 | +158% |
| 2026 YTD | $9.02 | $7.21 | -20% |
LPTH's yearly returns have swung widely, from +488% in 2020 to −48% in 2022. It's down 20% so far in 2026.
NVDA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.92 | $13.0 | +119% |
| 2021 | $13.0 | $29.6 | +128% |
| 2022 | $29.6 | $15.2 | -49% |
| 2023 | $15.2 | $49.5 | +226% |
| 2024 | $49.5 | $137.0 | +177% |
| 2025 | $137.0 | $190.5 | +39% |
| 2026 YTD | $190.5 | $166.2 | -13% |
NVDA has the edge over LPTH on returns for 2026, with the stronger performance.