NVIDIA Corporation stock research
FY2025 Q2
NVIDIA (NVDA) Gross Margin — Quarter Ended Jul 28, 2024
Revenue and gross profit increased from the prior quarter and the same quarter last year. Gross margin decreased slightly from the prior quarter but improved compared to the same quarter last year.
Gross margin takeaway
Quarter ended Jul 28, 2024 · FY2025 Q2
Revenue and gross profit increased from the prior quarter and the same quarter last year. Gross margin decreased slightly from the prior quarter but improved compared to the same quarter last year.
- The sequential decline in gross margin reflects cost of revenue growing more quickly than revenue, while the year-over-year improvement stems from revenue growing more than cost.
- Compared to the prior quarter, revenue and gross profit rose, but gross margin weakened. Compared to the same quarter last year, all metrics improved, with gross margin strengthening.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
75.1%
Gross profit
$22.6B
Revenue
$30.0B
Cost of revenue
$7.5B
Quarter-over-quarter change
-3.2 pts
Year-over-year change
+5.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Oct 29, 2023 | $18.1B | $13.4B | $4.7B | 74.0% |
| Jan 28, 2024 | $22.1B | $16.8B | $5.3B | 76.0% |
| Apr 28, 2024 | $26.0B | $20.4B | $5.6B | 78.4% |
| Jul 28, 2024 | $30.0B | $22.6B | $7.5B | 75.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Apr 28, 2024
-3.2 pts
Year-over-year change
Jul 30, 2023
+5.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential decline in gross margin reflects cost of revenue growing more quickly than revenue, while the year-over-year improvement stems from revenue growing more than cost.
Compared to the prior quarter, revenue and gross profit rose, but gross margin weakened. Compared to the same quarter last year, all metrics improved, with gross margin strengthening.
Monitor the relationship between revenue growth and cost of revenue growth for gross margin trends.