NVIDIA Corporation stock research
FY2026 Q4
NVIDIA (NVDA) Gross Margin — Quarter Ended Jan 25, 2026
Revenue and gross profit both increased from the prior quarter and from the same quarter last year, while cost of revenue rose in absolute terms. Gross margin improved relative to both prior periods, indicating that gross profit grew faster than cost of revenue.
Gross margin takeaway
Quarter ended Jan 25, 2026 · FY2026 Q4
Revenue and gross profit both increased from the prior quarter and from the same quarter last year, while cost of revenue rose in absolute terms. Gross margin improved relative to both prior periods, indicating that gross profit grew faster than cost of revenue.
- Gross profit advanced faster than revenue, which pushed the gross margin higher. Cost of revenue increased but at a slower rate than revenue, supporting margin expansion.
- Compared with the immediately preceding quarter, gross margin improved. Compared with the same quarter one year earlier, gross margin was also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
75.0%
Gross profit
$51.1B
Revenue
$68.1B
Cost of revenue
$17.0B
Quarter-over-quarter change
+1.6 pts
Year-over-year change
+2.0 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 |
|---|---|---|---|---|
| Apr 27, 2025 | $44.1B | $26.7B | $17.4B | 60.5% |
| Jul 27, 2025 | $46.7B | $33.9B | $12.9B | 72.4% |
| Oct 26, 2025 | $57.0B | $41.8B | $15.2B | 73.4% |
| Jan 25, 2026 | $68.1B | $51.1B | $17.0B | 75.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Oct 26, 2025
+1.6 pts
Year-over-year change
Jan 26, 2025
+2.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit advanced faster than revenue, which pushed the gross margin higher. Cost of revenue increased but at a slower rate than revenue, supporting margin expansion.
Compared with the immediately preceding quarter, gross margin improved. Compared with the same quarter one year earlier, gross margin was also higher.
Monitor whether revenue growth continues to outpace cost of revenue growth, as that dynamic is the basis for the recent margin improvement.