NVIDIA Corporation stock research
FY2027 Q1
NVIDIA (NVDA) Gross Margin — Quarter Ended Apr 26, 2026
Revenue and gross profit both increased compared to the prior quarter and the same quarter one year earlier. Cost of revenue also rose relative to both periods, but the gross margin was stable sequentially and higher than a year ago, reflecting a larger proportion of revenue retained as gross profit.
Gross margin takeaway
Quarter ended Apr 26, 2026 · FY2027 Q1
Revenue and gross profit both increased compared to the prior quarter and the same quarter one year earlier. Cost of revenue also rose relative to both periods, but the gross margin was stable sequentially and higher than a year ago, reflecting a larger proportion of revenue retained as gross profit.
- The most notable margin driver is the year-over-year improvement in gross margin, as revenue grew more than cost of revenue compared to the same quarter one year earlier.
- Sequentially, gross margin was nearly unchanged from the prior quarter, with revenue and cost of revenue moving in proportion. Compared to the same quarter one year earlier, gross margin was substantially higher, driven by a faster increase in revenue relative to cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
74.9%
Gross profit
$61.2B
Revenue
$81.6B
Cost of revenue
$20.5B
Quarter-over-quarter change
-0.1 pts
Year-over-year change
+14.4 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 |
|---|---|---|---|---|
| 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% |
| Apr 26, 2026 | $81.6B | $61.2B | $20.5B | 74.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 25, 2026
-0.1 pts
Year-over-year change
Apr 27, 2025
+14.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most notable margin driver is the year-over-year improvement in gross margin, as revenue grew more than cost of revenue compared to the same quarter one year earlier.
Sequentially, gross margin was nearly unchanged from the prior quarter, with revenue and cost of revenue moving in proportion. Compared to the same quarter one year earlier, gross margin was substantially higher, driven by a faster increase in revenue relative to cost of revenue.
Monitor the relationship between cost of revenue and revenue, as the gross margin remained stable sequentially and any shift in that balance could influence future margins.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| NVIDIA Corporation (NVDA) | 74.9% |
| Advanced Micro Devices, Inc. (AMD) | 52.8% |
| Broadcom Inc. (AVGO) | 69.5% |