Supply
NVIDIA Quarterly Gross Margin
NVIDIA's consolidated quarterly GAAP gross margin: gross profit as a share of companywide revenue. It indicates pricing, product mix, supply cost and transition risk during the AI-accelerator cycle, but is not an AI, Data Center or product-specific margin.
NVIDIA Quarterly Gross Margin
As of 2026-07-26, NVIDIA's GAAP gross margin was 75% in the latest reported fiscal quarter.
Methodology
Use NVIDIA's reported consolidated GAAP gross margin for each fiscal quarter; do not substitute non-GAAP, adjusted, annual, or outlook figures.
Timestamp each observation on NVIDIA's stated fiscal quarter-end date. NVIDIA uses a 52- or 53-week fiscal year ending on the last Sunday in January, so fiscal labels do not map directly to calendar quarters.
Preserve reported values to one decimal place and do not estimate missing periods or interpolate between filings.
Retain reported accounting effects. Q2 FY2025 included inventory provisions for low-yielding Blackwell material, while Q1 FY2026 included H20 excess-inventory and purchase-obligation charges; neither quarter is normalized.
Treat Blackwell context conservatively: NVIDIA disclosed that Blackwell-related inventory provisions pressured Q2 FY2025 margin and later described the production ramp, but it did not disclose a standalone Blackwell gross margin.
Frequently asked questions
What exactly does NVIDIA gross margin measure?
It is consolidated GAAP gross profit divided by companywide revenue for the quarter. It reflects revenue less cost of revenue across NVIDIA's businesses and is not a margin for Data Center, AI accelerators, Blackwell or any other individual product.
Is this GAAP or non-GAAP gross margin?
GAAP only. NVIDIA's non-GAAP figures and adjusted scenarios are excluded so every point uses one consistent reported basis.
Why is gross margin relevant to the AI hardware cycle?
It can reveal the combined effect of accelerator demand, pricing, product mix, manufacturing costs, inventory provisions and new-product ramps. Because the measure is consolidated, movements can also reflect gaming, networking, automotive and other businesses.
Why does NVIDIA's fiscal quarter label differ from the calendar year?
NVIDIA's fiscal year ends on the last Sunday in January. For example, the quarter ended July 26, 2026 is Q2 FY2027, not calendar Q2 2026.
Why did gross margin fall sharply in Q1 FY2026?
NVIDIA reported a 60.5% GAAP gross margin and disclosed an H20 excess-inventory and purchase-obligation charge. This chart retains the reported GAAP result and does not replace it with an adjusted figure.
How is the Blackwell transition represented?
The chart uses NVIDIA's consolidated reported margin. The Q2 FY2025 note records NVIDIA's disclosure that inventory provisions for low-yielding Blackwell material primarily drove the sequential decline; no separate Blackwell margin is available.
How are the quarterly values sourced?
Each point is NVIDIA's reported actual consolidated GAAP gross margin from a company earnings release or SEC-filed commentary, dated to the exact fiscal quarter end. Outlook, annual, non-GAAP and analyst values are excluded, and no periods are interpolated.
Can NVIDIA's margin be compared directly with other chip companies?
Only with care. Companies differ in product mix, manufacturing model, accounting judgments and fiscal calendars. NVIDIA is largely fabless, and its reported margin can include inventory provisions or purchase-obligation charges that may not align with peers' periods or disclosures.