NVDA
NVIDIA Corporation
NVDA has the edge over SANM overall, supported by stronger valuation and stronger modeled upside.
SANM
Sanmina Corporation
SANM trails on the overall score without a compensating advantage in the available component scores.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
SANM Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Healthy |
SANM's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
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 SANM in the historical PE scenario, which offers more potential upside but is not a forecast.
SANM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $69.85 | -58% |
| Fair | 16x | $111 | -32% |
| Current | 24x | $164 | — |
| Expensive | 25x | $170 | +3.4% |
Historical ranges are pointers, not guarantees.
SANM's PE is 24x, but its earnings don't support one, so it isn't a reliable read right now.
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.
SANM Forward outlook
There aren't enough analyst estimates for SANM to show an outlook.
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 SANM in the latest year-over-year earnings comparison.
SANM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $6.85 | +54% |
SANM's earnings per share have climbed steadily: $6.85 over the past year, up 54% from the year before, and higher year over year every quarter since late 2026.
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 SANM 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 SANM on profitability, with a higher operating margin.
SANM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.9B | +84% |
| Q2 2026 | $3.5B | +70% |
| Q1 2026 | $4B | +102% |
| Q4 2025 | $3.2B | +59% |
SANM's revenue has grown year over year every quarter since late 2025: $3.9B last quarter, up 84% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.4% | +1.7 points |
| Q1 2026 | 3.9% | -0.7 points |
| Q4 2025 | 2.3% | -2.1 points |
| Q3 2025 | 3.7% | N/A |
| Q2 2025 | 4.7% | N/A |
| Q1 2025 | 4.6% | N/A |
| Q4 2024 | 4.4% | N/A |
SANM's operating margin was 6.4% last quarter, up 1.7 points from the same quarter a year ago.
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 SANM in the latest year-over-year cash flow comparison.
SANM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $23.6M | -86% |
| Q1 2026 | $342M | +171% |
| Q4 2025 | $91.9M | +96% |
NVDA has the edge over SANM in the latest year-over-year cash flow comparison.
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 SANM 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.
SANM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +25K shares |
| 1 year | +1.2% | +640K shares |
SANM has 55M diluted shares, up 1.2% from a year ago.
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 has the edge over SANM on leverage, with a lower net debt burden relative to earnings.
SANM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | -1.3x | Net Cash |
| Q2 2025 | -1.0x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -0.7x | Net Cash |
SANM's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
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).
SANM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.3 | Neutral |
| Stochastic | 20.6 | Neutral |
SANM's weekly RSI is 44 (neutral) and its Stochastic is 21 (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 SANM on valuation relative to its sector.
SANM PE vs Technology Sector
| Metric | SANM | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 28x | 14% below |
| PE % | 82 | 35 | 47 pts above |
SANM is trading at 24x earnings, a 14% discount to the Technology sector's median of 28x, though its earnings don't support one.
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.
SANM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $183.4 | 10% below |
| 20 week MA | $194.9 | 16% below |
| 50 week MA | $185.5 | 11% below |
| 100 week MA | $142.9 | 15% above |
| 200 week MA | $101.8 | 62% above |
SANM 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.
SANM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.2 | $32.3 | -5.4% |
| 2021 | $32.3 | $40.6 | +26% |
| 2022 | $40.6 | $58.4 | +44% |
| 2023 | $58.4 | $51.4 | -12% |
| 2024 | $51.4 | $76.6 | +49% |
| 2025 | $76.6 | $154.3 | +101% |
| 2026 YTD | $154.3 | $164.5 | +6.6% |
SANM has the edge over NVDA on returns for 2026, with the stronger performance.