NVDA
NVIDIA Corporation
NVDA has the edge over TXN overall, supported by stronger valuation and stronger modeled upside.
TXN
Texas Instruments Incorporated
TXN'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.
TXN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
TXN'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 TXN in the historical PE scenario, which offers more potential upside but is not a forecast.
TXN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $150 | -52% |
| Fair | 27x | $206 | -34% |
| Forward | 28x | $312 | — |
| Expensive | 36x | $276 | -12% |
| Current | 40x | $312 | — |
Historical ranges are pointers, not guarantees.
TXN's PE is in its expensive range at 40x. If earnings grow as analysts expect, today's price would be 28x next year's earnings, in its fair range.
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.
TXN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
TXN 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 TXN on earnings, with more consistent year-over-year improvement.
TXN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.25 | +46% |
| Q3 2026 | $7.72 | +41% |
| Q2 2026 | $6.58 | +20% |
| Q1 2026 | $5.85 | +11% |
| Q4 2025 | $5.45 | +4.8% |
| Q3 2025 | $5.48 | +1.7% |
| Q2 2025 | $5.47 | -5.2% |
| Q1 2025 | $5.28 | -18% |
| Q4 2024 | $5.20 | -26% |
TXN earned $7.72 per share over the past year, up 41% from the year before.
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 TXN on sales, with more consistent year-over-year improvement.
| 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 TXN on profitability, with a higher operating margin.
TXN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.1B | +28% |
| Q2 2026 | $5.5B | +23% |
| Q1 2026 | $4.8B | +19% |
| Q4 2025 | $4.4B | +10% |
| Q3 2025 | $4.7B | +14% |
| Q2 2025 | $4.4B | +16% |
| Q1 2025 | $4.1B | +11% |
| Q4 2024 | $4B | -1.7% |
TXN's revenue has grown year over year for seven quarters in a row: $6.1B last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | +12 points |
| Q2 2026 | 42% | +7.1 points |
| Q1 2026 | 37% | +4.9 points |
| Q4 2025 | 33% | -1.1 points |
| Q3 2025 | 35% | -2.4 points |
| Q2 2025 | 35% | +2.5 points |
| Q1 2025 | 33% | -2.6 points |
| Q4 2024 | 34% | -3.2 points |
TXN's operating margin was 47% last quarter, up 12 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's free cash flow has been positive every quarter for six years: $127B over the past year, up 76% from the year before.
TXN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3B | +198% |
| Q2 2026 | $2.2B | +294% |
| Q1 2026 | $844M | +$1.1B |
| Q4 2025 | $1.3B | +65% |
| Q3 2025 | $993M | +139% |
| Q2 2025 | $555M | +9.5% |
| Q1 2025 | -$274M | -$43M |
| Q4 2024 | $806M | +3.9% |
TXN generated $7.3B in free cash flow over the past year, about four times what it generated 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 the edge over TXN 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.
TXN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +1M shares |
| 1 year | +0.8% | +7M shares |
| 3 years | +0.5% | +5M shares |
| 5 years | -1.6% | -15M shares |
| Available history | -3.3% | -31M shares |
TXN has 921M diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $48M |
| Q2 2026 | $27M |
| Q1 2026 | $158M |
| Q4 2025 | $403M |
| Q3 2025 | $119M |
| Q2 2025 | $302M |
| Q1 2025 | $653M |
| Q4 2024 | $537M |
TXN spent $636M buying back its own shares over the past year, down 61% 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 has the edge over TXN on leverage, with a lower net debt burden relative to earnings.
TXN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.4x | Healthy |
| Q2 2025 | 1.5x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.5x | Healthy |
TXN's net debt is less than a year of its operating earnings (EBITDA), down from 1.4 years 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).
TXN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.6 | Neutral |
| Stochastic | 72.2 | Neutral |
TXN's weekly RSI is 61 (neutral) and its Stochastic is 72 (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 TXN on valuation relative to its sector.
TXN PE vs Technology Sector
| Metric | TXN | Sector median | Relative |
|---|---|---|---|
| PE | 40x | 28x | 45% above |
| PE % | 92 | 35 | 57 pts above |
TXN is trading at 40x earnings, a 45% premium to 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.
TXN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $288.4 | 8.3% above |
| 20 week MA | $281.7 | 11% above |
| 50 week MA | $251.1 | 24% above |
| 100 week MA | $217.0 | 44% above |
| 200 week MA | $197.7 | 58% above |
TXN 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.
TXN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $128.6 | $161.6 | +26% |
| 2021 | $161.6 | $187.4 | +16% |
| 2022 | $187.4 | $164.4 | -12% |
| 2023 | $164.4 | $170.5 | +3.7% |
| 2024 | $170.5 | $191.2 | +12% |
| 2025 | $191.2 | $176.9 | -7.5% |
| 2026 YTD | $176.9 | $312.5 | +77% |
TXN has the edge over NVDA on returns for 2026, with the stronger performance.