NVIDIA (NVDA) official guidance
NVIDIA (NVDA) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteNVDANVIDIA CORPFY2027 · ends 2027-01-24
2 metrics2 maintainedearnings call · 30d
2026-08-27 04:01:18 UTC16% – 18%maintained88 bps – 288 bps vs FY2026
For full year fiscal year 2027, we continue to expect GAAP and non-GAAP tax rates to be between 16% and 18%, excluding any discrete items and material changes to our tax environment.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
2026-08-26 20:21:57 UTC16% – 18%maintained88 bps – 288 bps vs FY2026
For the full year fiscal 2027, NVIDIA expects GAAP and non-GAAP tax rates to be between 16.0% and 18.0%, excluding any discrete items and material changes to NVIDIA’s tax environment.
NVDA · EX-99.1 · Q2 FY2027
2026-08-26 20:21:19 UTCOpen source
2026-05-21 04:01:06 UTC16% – 18%maintained88 bps – 288 bps vs FY2026
For the full year 2027, we expect GAAP and non-GAAP tax rates to be between 16% and 18%, excluding any discrete items from material changes to our tax environment.
NVDA · transcript · Q1 FY2027
2026-05-21 04:00:00 UTCOpen source
2026-05-20 20:22:07 UTC16% – 18%raised +30.8%88 bps – 288 bps vs FY2026
For the full year fiscal 2027, NVIDIA expects GAAP and non-GAAP tax rates to be between 16.0% and 18.0%, excluding any discrete items and material changes to NVIDIA’s tax environment.
NVDA · EX-99.1 · Q1 FY2027
2026-05-20 20:21:19 UTCOpen source
2026-02-26 05:01:02 UTC7% – 19%lowered -27.8%-812 bps – 388 bps vs FY2026
For the full-year, fiscal year 2027, we expect GAAP and non-GAAP tax rates to be in between 7% and 19%, excluding any discrete items and material changes to our tax environment.
NVDA · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:32:03 UTC17% – 19%new188 bps – 388 bps vs FY2026
For the full year fiscal 2027, GAAP and non-GAAP tax rates are expected to be between 17.0% and 19.0%, excluding any discrete items and material changes to NVIDIA’s tax environment.
NVDA · EX-99.1 · Q4 FY2026
2026-02-25 21:31:25 UTCOpen source
2026-08-27 04:01:18 UTC16% – 18%maintained
For full year fiscal year 2027, we continue to expect GAAP and non-GAAP tax rates to be between 16% and 18%, excluding any discrete items and material changes to our tax environment.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
2026-08-26 20:21:57 UTC16% – 18%maintained
For the full year fiscal 2027, NVIDIA expects GAAP and non-GAAP tax rates to be between 16.0% and 18.0%, excluding any discrete items and material changes to NVIDIA’s tax environment.
NVDA · EX-99.1 · Q2 FY2027
2026-08-26 20:21:19 UTCOpen source
2026-05-21 04:01:06 UTC16% – 18%maintained
For the full year 2027, we expect GAAP and non-GAAP tax rates to be between 16% and 18%, excluding any discrete items from material changes to our tax environment.
NVDA · transcript · Q1 FY2027
2026-05-21 04:00:00 UTCOpen source
2026-05-20 20:22:07 UTC16% – 18%raised +30.8%
For the full year fiscal 2027, NVIDIA expects GAAP and non-GAAP tax rates to be between 16.0% and 18.0%, excluding any discrete items and material changes to NVIDIA’s tax environment.
NVDA · EX-99.1 · Q1 FY2027
2026-05-20 20:21:19 UTCOpen source
2026-02-26 05:01:02 UTC7% – 19%lowered -27.8%
For the full-year, fiscal year 2027, we expect GAAP and non-GAAP tax rates to be in between 7% and 19%, excluding any discrete items and material changes to our tax environment.
NVDA · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:32:03 UTC17% – 19%new
For the full year fiscal 2027, GAAP and non-GAAP tax rates are expected to be between 17.0% and 19.0%, excluding any discrete items and material changes to NVIDIA’s tax environment.
NVDA · EX-99.1 · Q4 FY2026
2026-02-25 21:31:25 UTCOpen source
NVDANVIDIA CORPQ3 FY2027 · ends 2026-10-25
2 metrics2 maintainedearnings call · 30d
2026-08-27 04:01:18 UTC74%maintained59 bps vs Q3 FY2026
For Q3, we expect GAAP and non-GAAP gross margins to be 74% ±50 basis points.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
2026-08-26 20:21:57 UTC74%new59 bps vs Q3 FY2026
GAAP and non-GAAP gross margins are expected to be 74.0%, plus or minus 50 basis points.
NVDA · EX-99.1 · Q2 FY2027
2026-08-26 20:21:19 UTCOpen source
2026-08-27 04:01:18 UTC74%maintained
For Q3, we expect GAAP and non-GAAP gross margins to be 74% ±50 basis points.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
2026-08-26 20:21:57 UTC74%new
GAAP and non-GAAP gross margins are expected to be 74.0%, plus or minus 50 basis points.
NVDA · EX-99.1 · Q2 FY2027
2026-08-26 20:21:19 UTCOpen source
NVDANVIDIA CORPFY2028 · ends 2028-01-23
1 metric1 newearnings call · 30d
2026-08-27 04:01:18 UTC72% – 73%new
We expect margins to bottom in Q4 in the 71%-72% range before settling at 72%-73% in fiscal year 2028 as executed price increases take effect in Q1.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
NVDANVIDIA CORPQ4 FY2027 · ends 2027-01-24
1 metric1 newearnings call · 30d
2026-08-27 04:01:18 UTC71% – 72%new-400 bps – -300 bps vs Q4 FY2026
We expect margins to bottom in Q4 in the 71%-72% range before settling at 72%-73% in fiscal year 2028 as executed price increases take effect in Q1.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
NVDANVIDIA CORPQ3 FY2027 · ends 2026-10-25
1 metric1 maintainedearnings call · 30d
2026-08-27 04:01:18 UTC$9.2Bmaintained
GAAP and non-GAAP operating expenses are expected to be approximately $9.2 billion and $9.0 billion respectively.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
2026-08-26 20:21:57 UTC$9.2Bnew
GAAP and non-GAAP operating expenses are expected to be approximately $9.2 billion and $9.0 billion, respectively.
NVDA · EX-99.1 · Q2 FY2027
2026-08-26 20:21:19 UTCOpen source
NVDANVIDIA CORPFY2027 · ends 2027-01-24
1 metric1 raisedearnings call · 30d
2026-08-27 04:01:18 UTClow 50sraised +7.3%50% – 53% vs FY2026
For the full year, we now expect OpEx to grow in the low 50s, driven by a broadening of our product portfolio and further increase in the usage of AI tools, which has already and will continue to enhance engineering productivity.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
2026-05-21 04:01:06 UTCupper 40snew47% – 49% vs FY2026
For the full year, we now expect OPEX growth to grow somewhere in the upper 40s on a year-over-year basis, driven by higher R&D and acceleration in the usage of AI tools to enhance productivity.
NVDA · transcript · Q1 FY2027
2026-05-21 04:00:00 UTCOpen source
NVDANVIDIA CORPQ3 FY2027 · ends 2026-10-25
1 metric1 maintainedearnings call · 30d
2026-08-27 04:01:18 UTC$108Bmaintained89.5% vs Q3 FY2026
Let me turn to the outlook for the third quarter. Total revenue is expected to be $108 billion ±2%.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
2026-08-26 20:21:57 UTC$108Bnew89.5% vs Q3 FY2026
Revenue is expected to be $108.0 billion, plus or minus 2%. NVIDIA is not assuming any Data Center compute revenue from China in its outlook.
NVDA · EX-99.1 · Q2 FY2027
2026-08-26 20:21:19 UTCOpen source
NVDANVIDIA CORPFY2028 · ends 2028-01-23
3 metrics3 newearnings call · 30d
2026-08-27 04:01:18 UTCmore than doublenew
Based on our customer demand and improving supply outlook, our preliminary expectation is for CPU revenue to more than double in fiscal 2028, positioning us as one of the world's leading server CPU suppliers.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
2026-08-27 04:01:18 UTC70%new70% vs FY2027
We expect to grow revenue by approximately 70% in fiscal 2028.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
2026-08-27 04:01:18 UTCroughly a quarter of our businessnew
For context, we expect demand from the AI labs for which we expect to leverage our balance sheet to contribute toward roughly a quarter of our business next year.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
NVDANVIDIA CORPQ3 FY2027 · ends 2026-10-25
1 metric1 newearnings call · 30d
2026-08-27 04:01:18 UTC20%new
We see Vera Rubin accounting for about 20% of data center revenue in Q3.
NVDA · transcript · Q2 FY2027
2026-08-27 04:00:00 UTCOpen source
NVDANVIDIA CORPQ2 FY2027 · ends 2026-07-26
3 metrics1 new2 maintainedearnings call · 2026-05-21 04:01:06 UTC
2026-05-21 04:01:06 UTCmid-50snew
We expect to return to the mid-50s in Q2.
NVDA · transcript · Q1 FY2027
2026-05-21 04:00:00 UTCOpen source
2026-05-21 04:01:06 UTC74.9%maintained248 bps vs Q2 FY2026
GAAP and non-GAAP gross margins are expected to be 74.9% and 75% respectively, ±50 basis points.
NVDA · transcript · Q1 FY2027
2026-05-21 04:00:00 UTCOpen source
2026-05-20 20:22:07 UTC74.9%new248 bps vs Q2 FY2026
GAAP and non-GAAP gross margins are expected to be 74.9% and 75.0%, respectively, plus or minus 50 basis points.
NVDA · EX-99.1 · Q1 FY2027
2026-05-20 20:21:19 UTCOpen source
2026-05-21 04:01:06 UTC75%maintained
GAAP and non-GAAP gross margins are expected to be 74.9% and 75% respectively, ±50 basis points.
NVDA · transcript · Q1 FY2027
2026-05-21 04:00:00 UTCOpen source
2026-05-20 20:22:07 UTC75%new
GAAP and non-GAAP gross margins are expected to be 74.9% and 75.0%, respectively, plus or minus 50 basis points.
NVDA · EX-99.1 · Q1 FY2027
2026-05-20 20:21:19 UTCOpen source
NVDANVIDIA CORPFY2027 · ends 2027-01-24
1 metric1 maintainedearnings call · 2026-05-21 04:01:06 UTC
2026-05-21 04:01:06 UTCmid-70smaintained293 bps – 493 bps vs FY2026
For the full year, we are still expecting to be in the mid-70s.
NVDA · transcript · Q1 FY2027
2026-05-21 04:00:00 UTCOpen source
2026-02-26 05:01:02 UTCmid-70smaintained293 bps – 493 bps vs FY2026
For the full-year, we continue to see gross margins in the mid-70s.
NVDA · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2025-11-20 05:01:03 UTCmid-70snew
Looking ahead to fiscal year 2027, input costs are on the rise, but we are working to hold gross margins in the mid-70s.
NVDA · transcript · Q3 FY2026
2025-11-20 05:00:00 UTCOpen source
NVDANVIDIA CORPQ2 FY2027 · ends 2026-07-26
2 metrics2 maintainedearnings call · 2026-05-21 04:01:06 UTC
2026-05-21 04:01:06 UTC$8.5Bmaintained
GAAP and non-GAAP operating expenses are expected to be approximately $8.5 billion and $8.3 billion respectively.
NVDA · transcript · Q1 FY2027
2026-05-21 04:00:00 UTCOpen source
2026-05-20 20:22:07 UTC$8.5Bnew
GAAP and non-GAAP operating expenses are expected to be approximately $8.5 billion and $8.3 billion, respectively.
NVDA · EX-99.1 · Q1 FY2027
2026-05-20 20:21:19 UTCOpen source
2026-05-21 04:01:06 UTC$8.3Bmaintained
GAAP and non-GAAP operating expenses are expected to be approximately $8.5 billion and $8.3 billion respectively.
NVDA · transcript · Q1 FY2027
2026-05-21 04:00:00 UTCOpen source
2026-05-20 20:22:07 UTC$8.3Bnew
GAAP and non-GAAP operating expenses are expected to be approximately $8.5 billion and $8.3 billion, respectively.
NVDA · EX-99.1 · Q1 FY2027
2026-05-20 20:21:19 UTCOpen source
NVDANVIDIA CORPFY2027+ · ends 2027-01-24
1 metric1 raisedearnings call · 2026-05-21 04:01:06 UTC
2026-05-21 04:01:06 UTC$1Traised +100.0%
We are continuing to work vigorously on our supply chain ecosystem to address the incredible demand we see ahead of us, giving us full confidence in the $1 trillion in Blackwell and Rubin revenue we foresee from 2025 through calendar 2027.
NVDA · transcript · Q1 FY2027
2026-05-21 04:00:00 UTCOpen source
2025-11-20 05:01:03 UTC$500Bnew
We currently have visibility to $500 billion in Blackwell and Rubin revenue from the start of this year through the end of Calendar Year 2026.
NVDA · transcript · Q3 FY2026
2025-11-20 05:00:00 UTCOpen source
NVDANVIDIA CORPFY2027 · ends 2027-01-24
1 metric1 newearnings call · 2026-05-21 04:01:06 UTC
2026-05-21 04:01:06 UTC$20Bnew
We have visibility to nearly $20 billion in total CPU revenue this year, setting us up to become the world leading CPU supplier.
NVDA · transcript · Q1 FY2027
2026-05-21 04:00:00 UTCOpen source
NVDANVIDIA CORPQ2 FY2027 · ends 2026-07-26
1 metric1 maintainedearnings call · 2026-05-21 04:01:06 UTC
2026-05-21 04:01:06 UTC$91Bmaintained94.7% vs Q2 FY2026
Total revenue is expected to be $91 billion, ±2%.
NVDA · transcript · Q1 FY2027
2026-05-21 04:00:00 UTCOpen source
2026-05-20 20:22:07 UTC$91Bnew94.7% vs Q2 FY2026
Revenue is expected to be $91.0 billion, plus or minus 2%. NVIDIA is not assuming any Data Center compute revenue from China in its outlook.
NVDA · EX-99.1 · Q1 FY2027
2026-05-20 20:21:19 UTCOpen source
NVDANVIDIA CORPQ1 FY2027 · ends 2026-04-26
3 metrics3 maintainedearnings call · 2026-02-26 05:01:02 UTC
2026-02-26 05:01:02 UTC74.9%maintained1438 bps vs Q1 FY2026
GAAP and non-GAAP gross margins are expected to be 74.9% and 75% respectively, ±50 basis points.
NVDA · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:32:03 UTC74.9%new1438 bps vs Q1 FY2026
GAAP and non-GAAP gross margins are expected to be 74.9% and 75.0%, respectively, plus or minus 50 basis points, inclusive of a 0.1% impact from stock-based compensation expense.
NVDA · EX-99.1 · Q4 FY2026
2026-02-25 21:31:25 UTCOpen source
2026-02-26 05:01:02 UTC75%maintained
GAAP and non-GAAP gross margins are expected to be 74.9% and 75% respectively, ±50 basis points.
NVDA · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:32:03 UTC75%new
GAAP and non-GAAP gross margins are expected to be 74.9% and 75.0%, respectively, plus or minus 50 basis points, inclusive of a 0.1% impact from stock-based compensation expense.
NVDA · EX-99.1 · Q4 FY2026
2026-02-25 21:31:25 UTCOpen source
2026-02-26 05:01:02 UTC$7.7Bmaintained
GAAP and non-GAAP operating expenses are expected to be approximately $7.7 billion and $7.5 billion respectively, including stock-based compensation expense of $1.9 billion.
NVDA · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:32:03 UTC$7.7Bnew
GAAP and non-GAAP operating expenses are expected to be approximately $7.7 billion and $7.5 billion, respectively, inclusive of $1.9 billion of stock-based compensation expense.
NVDA · EX-99.1 · Q4 FY2026
2026-02-25 21:31:25 UTCOpen source
NVDANVIDIA CORPFY2027 · ends 2027-01-24
1 metric1 newearnings call · 2026-02-26 05:01:02 UTC
2026-02-26 05:01:02 UTClow 40snew40% – 43% vs FY2026
For the full-year, we expect non-GAAP operating expenses to grow in the low 40s on a year-over-year basis, as we continue to invest in our expanding opportunity set.
NVDA · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
NVDANVIDIA CORPQ1 FY2027 · ends 2026-04-26
2 metrics2 maintainedearnings call · 2026-02-26 05:01:02 UTC
2026-02-26 05:01:02 UTC$7.5Bmaintained
GAAP and non-GAAP operating expenses are expected to be approximately $7.7 billion and $7.5 billion respectively, including stock-based compensation expense of $1.9 billion.
NVDA · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:32:03 UTC$7.5Bnew
GAAP and non-GAAP operating expenses are expected to be approximately $7.7 billion and $7.5 billion, respectively, inclusive of $1.9 billion of stock-based compensation expense.
NVDA · EX-99.1 · Q4 FY2026
2026-02-25 21:31:25 UTCOpen source
2026-02-26 05:01:02 UTC$78Bmaintained77% vs Q1 FY2026
Total revenue is expected to be $78 billion, ±2%.
NVDA · transcript · Q4 FY2026
2026-02-26 05:00:00 UTCOpen source
2026-02-25 21:32:03 UTC$78Bnew77% vs Q1 FY2026
Revenue is expected to be $78.0 billion, plus or minus 2%. NVIDIA is not assuming any Data Center compute revenue from China in its outlook.
NVDA · EX-99.1 · Q4 FY2026
2026-02-25 21:31:25 UTCOpen source
NVDANVIDIA CORPQ4 FY2026 · ends 2026-01-25
9 metrics9 maintainedearnings call · 2025-11-20 05:01:03 UTC
2025-11-20 05:01:03 UTC17%maintained460 bps vs Q4 FY2025
GAAP and non-GAAP tax rates are expected to be 17%, ±1%, excluding any discrete items.
NVDA · transcript · Q3 FY2026
2025-11-20 05:00:00 UTCOpen source
2025-11-19 21:21:30 UTC17%new460 bps vs Q4 FY2025
GAAP and non-GAAP tax rates are expected to be 17.0%, plus or minus 1%, excluding any discrete items.
NVDA · EX-99.1 · Q3 FY2026
2025-11-19 21:20:44 UTCOpen source
2025-11-20 05:01:03 UTC17%maintained
GAAP and non-GAAP tax rates are expected to be 17%, ±1%, excluding any discrete items.
NVDA · transcript · Q3 FY2026
2025-11-20 05:00:00 UTCOpen source
2025-11-19 21:21:30 UTC17%new
GAAP and non-GAAP tax rates are expected to be 17.0%, plus or minus 1%, excluding any discrete items.
NVDA · EX-99.1 · Q3 FY2026
2025-11-19 21:20:44 UTCOpen source
2025-11-20 05:01:03 UTC74.8%maintained177 bps vs Q4 FY2025
GAAP and non-GAAP gross margins are expected to be 74.8% and 75% respectively, ±50 basis points.
NVDA · transcript · Q3 FY2026
2025-11-20 05:00:00 UTCOpen source
2025-11-19 21:21:30 UTC74.8%new177 bps vs Q4 FY2025
GAAP and non-GAAP gross margins are expected to be 74.8% and 75.0%, respectively, plus or minus 50 basis points.
NVDA · EX-99.1 · Q3 FY2026
2025-11-19 21:20:44 UTCOpen source
2025-11-20 05:01:03 UTC75%maintained
GAAP and non-GAAP gross margins are expected to be 74.8% and 75% respectively, ±50 basis points.
NVDA · transcript · Q3 FY2026
2025-11-20 05:00:00 UTCOpen source
2025-11-19 21:21:30 UTC75%new
GAAP and non-GAAP gross margins are expected to be 74.8% and 75.0%, respectively, plus or minus 50 basis points.
NVDA · EX-99.1 · Q3 FY2026
2025-11-19 21:20:44 UTCOpen source
2025-11-20 05:01:03 UTC$6.7Bmaintained
GAAP and non-GAAP Operating Expenses are expected to be approximately $6.7 billion and $5 billion respectively.
NVDA · transcript · Q3 FY2026
2025-11-20 05:00:00 UTCOpen source
2025-11-19 21:21:30 UTC$6.7Bnew
GAAP and non-GAAP operating expenses are expected to be approximately $6.7 billion and $5.0 billion, respectively.
NVDA · EX-99.1 · Q3 FY2026
2025-11-19 21:20:44 UTCOpen source
2025-11-20 05:01:03 UTC$5Bmaintained
GAAP and non-GAAP Operating Expenses are expected to be approximately $6.7 billion and $5 billion respectively.
NVDA · transcript · Q3 FY2026
2025-11-20 05:00:00 UTCOpen source
2025-11-19 21:21:30 UTC$5Bnew
GAAP and non-GAAP operating expenses are expected to be approximately $6.7 billion and $5.0 billion, respectively.
NVDA · EX-99.1 · Q3 FY2026
2025-11-19 21:20:44 UTCOpen source
2025-11-20 05:01:03 UTC$500Mmaintained
GAAP and non-GAAP other income and expenses are expected to be an income of approximately $500 million, excluding gains and losses from non-marketable and publicly held equity securities.
NVDA · transcript · Q3 FY2026
2025-11-20 05:00:00 UTCOpen source
2025-11-19 21:21:30 UTC$500Mnew
GAAP and non-GAAP other income and expense are expected to be an income of approximately $500 million, excluding gains and losses from non-marketable and publicly-held equity securities.
NVDA · EX-99.1 · Q3 FY2026
2025-11-19 21:20:44 UTCOpen source
2025-11-20 05:01:03 UTC$500Mmaintained
GAAP and non-GAAP other income and expenses are expected to be an income of approximately $500 million, excluding gains and losses from non-marketable and publicly held equity securities.
NVDA · transcript · Q3 FY2026
2025-11-20 05:00:00 UTCOpen source
2025-11-19 21:21:30 UTC$500Mnew
GAAP and non-GAAP other income and expense are expected to be an income of approximately $500 million, excluding gains and losses from non-marketable and publicly-held equity securities.
NVDA · EX-99.1 · Q3 FY2026
2025-11-19 21:20:44 UTCOpen source
2025-11-20 05:01:03 UTC$65Bmaintained65.3% vs Q4 FY2025
Total revenue is expected to be $65 billion, ±2%.
NVDA · transcript · Q3 FY2026
2025-11-20 05:00:00 UTCOpen source
2025-11-19 21:21:30 UTC$65Bnew65.3% vs Q4 FY2025
Revenue is expected to be $65.0 billion, plus or minus 2%.
NVDA · EX-99.1 · Q3 FY2026
2025-11-19 21:20:44 UTCOpen source