NVDA
NVIDIA Corporation
NVDA has the edge over QLYS overall, supported by stronger modeled upside and stronger fundamentals.
QLYS
Qualys, Inc.
QLYS's outlook is improving, though it still trails on the overall score.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
QLYS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
QLYS's revenue, profitability, cash flow and balance sheet are all currently healthy.
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 has the edge over QLYS in the historical PE scenario, which offers more potential upside but is not a forecast.
QLYS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 20x | $173 | — |
| Cheap | 27x | $165 | -4.7% |
| Current | 29x | $173 | — |
| Fair | 45x | $270 | +56% |
| Expensive | 58x | $347 | +101% |
Historical ranges are pointers, not guarantees.
QLYS's PE is in its cheap range at 29x. If earnings grow as analysts expect, today's price would be 20x next year's earnings.
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.
QLYS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| High |
QLYS has the edge over NVDA on the outlook, with more favorable profitability expectations.
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 has the edge over QLYS on earnings, with stronger typical year-over-year growth.
QLYS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.54 | +42% |
| Q3 2026 | $6.01 | +16% |
| Q2 2026 | $5.78 | +15% |
| Q1 2026 | $5.57 | +14% |
| Q4 2025 | $5.44 | +17% |
| Q3 2025 | $5.16 | +14% |
| Q2 2025 | $5.01 | +11% |
| Q1 2025 | $4.89 | +13% |
| Q4 2024 | $4.65 | +15% |
QLYS's earnings per share have climbed steadily: $6.01 over the past year, up 16% from the year before, and higher year over year for 19 quarters in a row.
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 QLYS 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 QLYS on profitability, with a higher operating margin.
QLYS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $188M | +11% |
| Q2 2026 | $182.2M | +11% |
| Q1 2026 | $175.6M | +9.8% |
| Q4 2025 | $175.3M | +10% |
| Q3 2025 | $169.9M | +10% |
| Q2 2025 | $164.1M | +10% |
| Q1 2025 | $159.9M | +9.7% |
| Q4 2024 | $159.2M | +10% |
QLYS's revenue has grown year over year every quarter since late 2020: $188M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | 0 points |
| Q2 2026 | 34% | +2.6 points |
| Q1 2026 | 35% | +2.3 points |
| Q4 2025 | 34% | +2.5 points |
| Q3 2025 | 35% | +6.1 points |
| Q2 2025 | 31% | -1 points |
| Q1 2025 | 32% | +1.7 points |
| Q4 2024 | 31% | +2.4 points |
QLYS's operating margin was 35% last quarter, about level with the same quarter a year ago, near the top of its range since 2019.
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 QLYS on cash flow, with more consistent year-over-year improvement.
QLYS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $100M | +12% |
| Q2 2026 | $55.9M | +72% |
| Q1 2026 | $93.6M | -13% |
| Q4 2025 | $74.9M | +79% |
| Q3 2025 | $89.5M | +55% |
| Q2 2025 | $32.4M | -34% |
| Q1 2025 | $107.6M | +29% |
| Q4 2024 | $41.9M | +30% |
QLYS's free cash flow has been positive every quarter for seven years: $324M over the past year, up 20% from the year before.
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 24.3B diluted shares, down 1% from a year ago, with $55.3B in buybacks over the past year.
| 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.
QLYS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +291K shares |
| 1 year | -2.7% | -972K shares |
| 3 years | -5.7% | -2.1M shares |
| 5 years | -12% | -4.6M shares |
| Available history | -15% | -6M shares |
QLYS has the edge over NVDA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $54.2M |
| Q2 2026 | $77.9M |
| Q1 2026 | $53.5M |
| Q4 2025 | $44.7M |
| Q3 2025 | $49.2M |
| Q2 2025 | $49.9M |
| Q1 2025 | $39.7M |
| Q4 2024 | $42.7M |
QLYS spent $230M buying back its own shares over the past year, up 27% from the year before.
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.
QLYS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.4x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -1.0x | Net Cash |
| Q2 2025 | -0.9x | Net Cash |
| Q1 2025 | -1.4x | Net Cash |
| Q4 2024 | -1.1x | Net Cash |
QLYS has the edge over NVDA on leverage, with a lower net debt burden relative to earnings.
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).
QLYS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.9 | Neutral |
| Stochastic | 55.4 | Neutral |
QLYS's weekly RSI is 52 (neutral) and its Stochastic is 55 (neutral).
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA has the edge over QLYS on valuation relative to its sector.
QLYS PE vs Technology Sector
| Metric | QLYS | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 28x | 3.4% above |
| PE % | 23 | 35 | 12 pts below |
QLYS is trading at 29x earnings, in line with the Technology sector's median of 28x.
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.
QLYS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $194.2 | 11% below |
| 20 week MA | $176.6 | 2% below |
| 50 week MA | $136.5 | 27% above |
| 100 week MA | $135.5 | 28% above |
| 200 week MA | $140.8 | 23% above |
QLYS has the edge over NVDA on trend strength, trading above more of its moving averages.
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's yearly returns have swung widely, from +226% in 2023 to −49% in 2022. It's down 13% so far in 2026.
QLYS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $84.6 | $120.4 | +42% |
| 2021 | $120.4 | $139.4 | +16% |
| 2022 | $139.4 | $111.3 | -20% |
| 2023 | $111.3 | $196.3 | +76% |
| 2024 | $196.3 | $139.8 | -29% |
| 2025 | $139.8 | $138.3 | -1.1% |
| 2026 YTD | $138.3 | $173.1 | +25% |
QLYS has the edge over NVDA on returns for 2026, with the stronger performance.