NVIDIA (NASDAQ: NVDA) as we speak reported income for the second quarter ended July 26, 2026, of $96.2 billion, up 18% from the earlier quarter and up 106% from a yr in the past. For the quarter, GAAP and non-GAAP gross margins have been each 75.0%. GAAP and non-GAAP earnings per diluted share have been $2.46 and $2.22, respectively.
“AI has reached its inflection level. It’s doing helpful work. Its tokens are productive and worthwhile. Now, compute is income,” stated Jensen Huang, founder and CEO of NVIDIA. “And demand is accelerating. This time final yr, one lab alone was driving the buildout; as we speak, we have now a golden age of recent AI labs and startups, a number of frontier labs scaling in parallel, a thriving open-model ecosystem and bodily AI coming on-line — with robust momentum throughout the U.S. and world wide. The AI infrastructure buildout is at full steam. Vera Rubin, now in full manufacturing, was constructed to energy precisely this second.”
Throughout the second quarter of fiscal 2027, NVIDIA returned roughly $26.0 billion to shareholders within the type of shares repurchased and money dividends. As of the top of the second quarter, the corporate had roughly $99.0 billion remaining underneath its share repurchase authorization.
NVIDIA can pay its subsequent quarterly money dividend of $0.25 per share on October 1, 2026, to all shareholders of document on September 10, 2026.
Q2 Fiscal 2027 Abstract
| GAAP | |||||
| ($ in thousands and thousands, besides earnings per share) | Q2 FY27 | Q1 FY27 | Q2 FY26 | Q/Q | Y/Y |
| Income | $96,221 | $81,615 | $46,743 | 18 % | 106 % |
| Gross margin | 75.0 % | 74.9 % | 72.4 % | 0.1 pts | 2.6 pts |
| Working bills | $8,408 | $7,621 | $5,413 | 10 % | 55 % |
| Working revenue | $63,734 | $53,536 | $28,440 | 19 % | 124 % |
| Internet revenue | $59,688 | $58,321 | $26,422 | 2 % | 126 % |
| Diluted earnings per share | $2.46 | $2.39 | $1.08 | 3 % | 128 % |
| Non-GAAP | |||||
| ($ in thousands and thousands, besides earnings per share) | Q2 FY27 | Q1 FY27 | Q2 FY26 | Q/Q | Y/Y |
| Income | $96,221 | $81,615 | $46,743 | 18 % | 106 % |
| Gross margin | 75.0 % | 75.0 % | 72.5 % | — | 2.5 pts |
| Working bills | $8,232 | $7,449 | $5,361 | 11 % | 54 % |
| Working revenue | $63,956 | $53,783 | $28,541 | 19 % | 124 % |
| Internet revenue | $53,954 | $45,548 | $24,763 | 18 % | 118 % |
| Diluted earnings per share | $2.22 | $1.87 | $1.01 | 19 % | 120 % |
Outlook
NVIDIA’s outlook for the third quarter of fiscal 2027 is as follows:
- Income is anticipated to be $108.0 billion, plus or minus 2%. NVIDIA isn’t assuming any Information Heart compute income from China in its outlook.
- GAAP and non-GAAP gross margins are anticipated to be 74.0%, plus or minus 50 foundation factors.
- GAAP and non-GAAP working bills are anticipated to be roughly $9.2 billion and $9.0 billion, respectively.
For the total yr fiscal 2027, NVIDIA expects GAAP and non-GAAP tax charges to be between 16.0% and 18.0%, excluding any discrete gadgets and materials modifications to NVIDIA’s tax surroundings.
Highlights
Information Heart
- Second-quarter income was $89.0 billion, up 18% from the earlier quarter and up 117% from a yr in the past.
- Introduced the NVIDIA Vera Rubin platform is ramping into full manufacturing with racks working at partners together with CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure and Nebius.
- Revealed that NVIDIA Spectrum™-6 change techniques — supporting each pluggable and co-packaged optics as a part of the NVIDIA Vera Rubin platform — are arriving the world over’s gigascale AI factories.
- Unveiled NVIDIA Vera, the primary CPU constructed for AI brokers, with broad adoption deliberate the world over’s main expertise suppliers.
- Introduced that NVIDIA Groq 3 LPX, the interactive AI inference accelerator, is now in full manufacturing.
- Launched new safety improvements for NVIDIA Vera BlueField™-4 STX, delivering agentic AI storage processing with in-silicon safety for AI factories.
- Launched the NVIDIA DSX™ platform, offering infrastructure builders an entire playbook to design, construct and function AI factories at scale.
- Introduced strategic partnerships to determine unbiased compute financing platforms with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize over $500 billion of third-party capital for the buildout of AI infrastructure over time, topic to definitive agreements.
- Introduced that SpaceXAI will deploy NVIDIA Vera CPUs to speed up its subsequent technology of agentic AI purposes.
- Secured land, energy and shell capability by a partnership with SB Energy on the PORTS-Pike Know-how Campus in Ohio to host NVIDIA compute.
- Revealed that NVIDIA Blackwell led throughout each class within the MLPerf Coaching 6.0 benchmarks and in AgentPerf, the {industry}’s first agentic AI infrastructure benchmark.
- Introduced new software program, open source models and partnerships with the world’s main software program platform suppliers to construct autonomous AI brokers for industries and enterprises; expanded NVIDIA Agent Toolkit with NVIDIA PhysicsNeMo and new and up to date NVIDIA CUDA-X™ libraries.
- Launched NVIDIA BioNeMo™ Agent Toolkit, which offers domain-specific instruments and expertise for the agentic life sciences period.
- Shaped the Open Secure AI Alliance with {industry} leaders to advance AI security and safety.
- Revealed that NVIDIA GPUs with Confidential Computing at the moment are used for confidential inference in Apple’s Personal Cloud Compute.
- Expanded Korea’s AI manufacturing unit ecosystem by strategic partnerships with SK Telecom, NAVER and Brookfield to construct sovereign AI infrastructure at gigawatt scale on the NVIDIA DSX platform, as a part of a broader NVIDIA-powered nationwide AI push throughout Korea’s industries and analysis establishments.
- Introduced a multiyear expertise partnership with SK hynix to advance next-generation reminiscence for the worldwide AI manufacturing unit buildout.
- Partnered with the Japan government and industrial leaders to launch the world’s first nationwide AI infrastructure; revealed that Japan’s main enterprises, startups and analysis establishments are constructing industry-specialized AI fashions with NVIDIA Nemotron™ open fashions.
- Introduced that the NVIDIA Vera Rubin platform delivers world-class supercomputers for science; introduced a document 35 new NVIDIA AI HPC supercomputers in growth throughout Europe.
Edge Computing
- Second-quarter Edge Computing income was $7.2 billion, up 13% from the earlier quarter and up 27% from a yr in the past.
- Partnered with Microsoft to reinvent the Home windows PC with NVIDIA RTX Spark™ — a 1-petaflop superchip with the total CUDA™ and NVIDIA RTX™ ecosystem.
- Introduced NVIDIA DGX Station™ for Home windows, the world’s strongest deskside AI supercomputer for creating and working brokers on Home windows.
- Launched a local AI initiative with optimizations for prime open fashions — DeepSeek v4 Flash, Diffusion Gemma, Nemotron 3.5 Lightning and Qwen 3.8 — and agent harnesses Hermes Agent and OpenClaw throughout RTX and DGX platforms.
- Expanded the NVIDIA DRIVE Hyperion™ robotaxi-ready platform ecosystem, together with strategic collaborations with Foxconn, VinFast, Uber and HUMAIN.
- Launched NVIDIA Alpamayo 2 Super, the frontier open reasoning mannequin for protected robotaxi and autonomous automobile growth, for commercial use.
- Launched NVIDIA Cosmos™ 3, the world’s first absolutely open frontier omnimodel for bodily AI.
- Introduced the NVIDIA Isaac™ GR00T Reference Humanoid Robot, the primary open humanoid robotic reference design constructed on NVIDIA Jetson Thor™ and the NVIDIA Isaac GR00T open growth platform.
- Introduced NVIDIA Halos for Robotics, the {industry}’s first full-stack security system for bodily AI, unifying AI compute and security in a single complete platform.
- Launched a serious assortment of open supply agent instruments and expertise for physical AI, enabling builders to show complicated robotics, autonomous automobile and imaginative and prescient AI workflows into agent-executable duties.
CFO Commentary
Commentary on the quarter by Colette Kress, NVIDIA’s government vp and chief monetary officer, is accessible at https://investor.nvidia.com.
Convention Name and Webcast Data
NVIDIA will conduct a convention name with analysts and traders to debate its second quarter fiscal 2027 monetary outcomes and present monetary prospects as we speak at 2 p.m. Pacific time (5 p.m. Jap time). A dwell webcast (listen-only mode) of the convention name will likely be accessible at NVIDIA’s investor relations web site, https://investor.nvidia.com. The webcast will likely be recorded and accessible for replay till NVIDIA’s convention name to debate its monetary outcomes for its third quarter of fiscal 2027.
Non-GAAP Measures
To complement NVIDIA’s condensed consolidated monetary statements offered in accordance with GAAP, the corporate makes use of non-GAAP measures of sure elements of economic efficiency. These non-GAAP measures embrace non-GAAP gross revenue, non-GAAP gross margin, non-GAAP working bills, non-GAAP working revenue, non-GAAP different revenue (expense), internet, non-GAAP internet revenue, non-GAAP internet revenue, or earnings, per diluted share, and free money circulate. For NVIDIA’s traders to be higher capable of evaluate its present outcomes with these of earlier intervals, the corporate has proven a reconciliation of GAAP to non-GAAP monetary measures. These reconciliations modify the associated GAAP monetary measures to exclude acquisition-related and different prices, different, positive factors/losses from fairness securities, internet, sure different revenue and expense, and the related tax influence of these things the place relevant. Starting within the first quarter of fiscal 2027, NVIDIA’s non-GAAP monetary measures now not exclude stock-based compensation expense. The historic non-GAAP monetary data offered has been up to date to incorporate stock-based compensation expense. Free money circulate is calculated as GAAP internet money supplied by working actions much less each purchases associated to property and tools and intangible belongings and principal funds on property and tools and intangible belongings. NVIDIA believes the presentation of its non-GAAP monetary measures enhances the customers’ general understanding of the corporate’s historic monetary efficiency. The presentation of the corporate’s non-GAAP monetary measures isn’t meant to be thought-about in isolation or as an alternative to the corporate’s monetary outcomes ready in accordance with GAAP, and the corporate’s non-GAAP measures could also be completely different from non-GAAP measures utilized by different corporations.
| NVIDIA CORPORATION | |||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | |||||||||||||
| (In thousands and thousands, besides per share information) | |||||||||||||
| (Unaudited) | |||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||
| July 26, | July 27, | July 26, | July 27, | ||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||
| Income | $ | 96,221 | $ | 46,743 | $ | 177,837 | $ | 90,805 | |||||
| Price of income | 24,079 | 12,890 | 44,538 | 30,284 | |||||||||
| Gross revenue | 72,142 | 33,853 | 133,299 | 60,521 | |||||||||
| Working bills | |||||||||||||
| Analysis and growth | 7,054 | 4,291 | 13,375 | 8,280 | |||||||||
| Gross sales, common and administrative | 1,354 | 1,122 | 2,654 | 2,163 | |||||||||
| Complete working bills | 8,408 | 5,413 | 16,029 | 10,443 | |||||||||
| Working revenue | 63,734 | 28,440 | 117,270 | 50,078 | |||||||||
| Different revenue, internet | 7,773 | 2,766 | 24,140 | 3,039 | |||||||||
| Revenue earlier than revenue tax | 71,507 | 31,206 | 141,410 | 53,117 | |||||||||
| Revenue tax expense | 11,819 | 4,784 | 23,400 | 7,920 | |||||||||
| Internet revenue | $ | 59,688 | $ | 26,422 | $ | 118,010 | $ | 45,197 | |||||
| Internet revenue per share: | |||||||||||||
| Fundamental | $ | 2.47 | $ | 1.08 | $ | 4.87 | $ | 1.85 | |||||
| Diluted | $ | 2.46 | $ | 1.08 | $ | 4.85 | $ | 1.84 | |||||
| Weighted common shares utilized in per share computation: | |||||||||||||
| Fundamental | 24,190 | 24,366 | 24,238 | 24,404 | |||||||||
| Diluted | 24,285 | 24,532 | 24,338 | 24,571 | |||||||||
| NVIDIA CORPORATION | ||||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
| (In thousands and thousands) | ||||||||
| (Unaudited) | ||||||||
| July 26, | January 25, | |||||||
| 2026 | 2026 | |||||||
| ASSETS | ||||||||
| Present belongings: | ||||||||
| Money and money equivalents | $ | 22,443 | $ | 10,605 | ||||
| Marketable debt securities | 34,143 | 39,065 | ||||||
| Marketable fairness securities | 42,783 | 12,886 | ||||||
| Accounts receivable, internet | 63,059 | 38,466 | ||||||
| Inventories | 31,575 | 21,403 | ||||||
| Pay as you go bills and different present belongings | 3,409 | 3,180 | ||||||
| Complete present belongings | 197,412 | 125,605 | ||||||
| Property and tools, internet | 14,285 | 10,383 | ||||||
| Working lease belongings | 5,390 | 2,867 | ||||||
| Goodwill | 21,125 | 20,832 | ||||||
| Intangible belongings, internet | 2,998 | 3,306 | ||||||
| Deferred revenue tax belongings | 12,159 | 13,258 | ||||||
| Non-marketable securities | 51,157 | 22,251 | ||||||
| Different belongings | 15,746 | 8,301 | ||||||
| Complete belongings | $ | 320,272 | $ | 206,803 | ||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Present liabilities: | ||||||||
| Accounts payable | $ | 15,059 | $ | 9,812 | ||||
| Accrued and different present liabilities | 26,960 | 21,352 | ||||||
| Quick-term debt | 1,000 | 999 | ||||||
| Complete present liabilities | 43,019 | 32,163 | ||||||
| Lengthy-term debt | 32,366 | 7,469 | ||||||
| Lengthy-term working lease liabilities | 4,985 | 2,572 | ||||||
| Different long-term liabilities | 10,918 | 7,306 | ||||||
| Complete liabilities | 91,288 | 49,510 | ||||||
| Shareholders’ fairness | 228,984 | 157,293 | ||||||
| Complete liabilities and shareholders’ fairness | $ | 320,272 | $ | 206,803 | ||||
| NVIDIA CORPORATION | |||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||||||||||
| (In thousands and thousands) | |||||||||||||||||
| (Unaudited) | |||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||
| July 26, | July 27, | July 26, | July 27, | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| Money flows from working actions: | |||||||||||||||||
| Internet revenue | $ | 59,688 | $ | 26,422 | $ | 118,010 | $ | 45,197 | |||||||||
| Changes to reconcile internet revenue to internet money | |||||||||||||||||
| supplied by working actions: | |||||||||||||||||
| Inventory-based compensation expense | 2,027 | 1,624 | 3,954 | 3,099 | |||||||||||||
| Depreciation and amortization | 1,127 | 668 | 2,124 | 1,280 | |||||||||||||
| Deferred revenue taxes | (602 | ) | 18 | 982 | (2,160 | ) | |||||||||||
| Good points from fairness securities, internet | (7,771 | ) | (2,247 | ) | (23,707 | ) | (2,073 | ) | |||||||||
| Different | 315 | (100 | ) | 222 | (196 | ) | |||||||||||
| Adjustments in working belongings and liabilities, internet of acquisitions: | |||||||||||||||||
| Accounts receivable | (22,346 | ) | (5,675 | ) | (24,590 | ) | (4,743 | ) | |||||||||
| Inventories | (5,784 | ) | (3,622 | ) | (10,204 | ) | (4,880 | ) | |||||||||
| Pay as you go bills and different belongings | (5,497 | ) | 387 | (6,480 | ) | 946 | |||||||||||
| Accounts payable | 1,915 | 1,314 | 4,125 | 2,255 | |||||||||||||
| Accrued and different present liabilities | 252 | (4,053 | ) | 8,015 | 3,075 | ||||||||||||
| Different long-term liabilities | 753 | 629 | 1,970 | 979 | |||||||||||||
| Internet money supplied by working actions | 24,077 | 15,365 | 74,421 | 42,779 | |||||||||||||
| Money flows from investing actions: | |||||||||||||||||
| Proceeds from gross sales and maturities of debt securities | 24,592 | 3,150 | 26,563 | 6,739 | |||||||||||||
| Proceeds from gross sales of fairness securities | 7,215 | 70 | 7,241 | 70 | |||||||||||||
| Purchases of fairness securities | (15,822 | ) | (346 | ) | (42,404 | ) | (1,245 | ) | |||||||||
| Purchases of debt securities | (21,777 | ) | (7,812 | ) | (21,777 | ) | (14,108 | ) | |||||||||
| Purchases associated to property and tools and intangible belongings | (2,677 | ) | (1,894 | ) | (4,434 | ) | (3,122 | ) | |||||||||
| Acquisitions, internet of money acquired | (211 | ) | (294 | ) | (298 | ) | (677 | ) | |||||||||
| Different | (15 | ) | – | (15 | ) | – | |||||||||||
| Internet money utilized in investing actions | (8,695 | ) | (7,126 | ) | (35,124 | ) | (12,343 | ) | |||||||||
| Money flows from financing actions: | |||||||||||||||||
| Proceeds associated to issuance of debt, internet of prices | 24,896 | – | 24,896 | – | |||||||||||||
| Proceeds associated to worker inventory plans | – | – | 515 | 370 | |||||||||||||
| Funds associated to repurchases of frequent inventory | (19,732 | ) | (9,721 | ) | (39,044 | ) | (23,815 | ) | |||||||||
| Dividends paid | (6,047 | ) | (244 | ) | (6,290 | ) | (488 | ) | |||||||||
| Funds associated to worker inventory plan taxes | (2,402 | ) | (1,848 | ) | (4,531 | ) | (3,380 | ) | |||||||||
| Groq, Inc. | (2,944 | ) | – | (2,944 | ) | – | |||||||||||
| Principal funds on property and tools and intangible belongings | (59 | ) | (21 | ) | (92 | ) | (73 | ) | |||||||||
| Different | 112 | – | 31 | – | |||||||||||||
| Internet money utilized in financing actions | (6,176 | ) | (11,834 | ) | (27,459 | ) | (27,386 | ) | |||||||||
| Change in money and money equivalents | 9,206 | (3,595 | ) | 11,838 | 3,050 | ||||||||||||
| Money and money equivalents at starting of interval | 13,237 | 15,234 | 10,605 | 8,589 | |||||||||||||
| Money and money equivalents at finish of interval | $ | 22,443 | $ | 11,639 | $ | 22,443 | $ | 11,639 | |||||||||
| NVIDIA CORPORATION | |||||||||||||||||||||
| RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | |||||||||||||||||||||
| ($ in thousands and thousands, besides per share information) | |||||||||||||||||||||
| (Unaudited) | |||||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||
| July 26, | April 26, | July 27, | July 26, | July 27, | |||||||||||||||||
| 2026 | 2026 | 2025 | 2026 | 2025 | |||||||||||||||||
| GAAP price of income | $ | 24,079 | $ | 20,458 | $ | 12,890 | $ | 44,538 | $ | 30,284 | |||||||||||
| GAAP gross revenue | $ | 72,142 | $ | 61,157 | $ | 33,853 | $ | 133,299 | $ | 60,521 | |||||||||||
| GAAP gross margin | 75.0 | % | 74.9 | % | 72.4 | % | 75.0 | % | 66.6 | % | |||||||||||
| Acquisition-related and different prices (A) | 46 | 47 | 49 | 93 | 170 | ||||||||||||||||
| Different | – | 28 | – | 28 | 4 | ||||||||||||||||
| Non-GAAP price of income | $ | 24,033 | $ | 20,383 | $ | 12,841 | $ | 44,417 | $ | 30,110 | |||||||||||
| Non-GAAP gross revenue | $ | 72,188 | $ | 61,232 | $ | 33,902 | $ | 133,420 | $ | 60,695 | |||||||||||
| Non-GAAP gross margin* | 75.0 | % | 75.0 | % | 72.5 | % | 75.0 | % | 66.8 | % | |||||||||||
| GAAP working bills | $ | 8,408 | $ | 7,621 | $ | 5,413 | $ | 16,029 | $ | 10,443 | |||||||||||
| Acquisition-related and different prices (A) | (176 | ) | (172 | ) | (37 | ) | (348 | ) | (74 | ) | |||||||||||
| Different | – | – | (15 | ) | – | (15 | ) | ||||||||||||||
| Non-GAAP working bills | $ | 8,232 | $ | 7,449 | $ | 5,361 | $ | 15,681 | $ | 10,354 | |||||||||||
| GAAP working revenue | $ | 63,734 | $ | 53,536 | $ | 28,440 | $ | 117,270 | $ | 50,078 | |||||||||||
| Complete influence of non-GAAP changes to working revenue | 222 | 247 | 101 | 469 | 263 | ||||||||||||||||
| Non-GAAP working revenue* | $ | 63,956 | $ | 53,783 | $ | 28,541 | $ | 117,739 | $ | 50,341 | |||||||||||
| GAAP different revenue, internet | $ | 7,773 | $ | 16,367 | $ | 2,766 | $ | 24,140 | $ | 3,039 | |||||||||||
| Good points from fairness securities, internet | (7,771 | ) | (15,936 | ) | (2,247 | ) | (23,707 | ) | (2,073 | ) | |||||||||||
| Different (B) | 298 | 26 | 1 | 323 | 2 | ||||||||||||||||
| Non-GAAP different revenue, internet | $ | 300 | $ | 457 | $ | 520 | $ | 756 | $ | 968 | |||||||||||
| GAAP internet revenue | $ | 59,688 | $ | 58,321 | $ | 26,422 | $ | 118,010 | $ | 45,197 | |||||||||||
| Complete pre-tax influence of non-GAAP changes | (7,251 | ) | (15,663 | ) | (2,145 | ) | (22,915 | ) | (1,808 | ) | |||||||||||
| Revenue tax influence of non-GAAP changes | 1,517 | 2,890 | 438 | 4,407 | 418 | ||||||||||||||||
| Tax expense from OBBBA** | – | – | 48 | – | 48 | ||||||||||||||||
| Non-GAAP internet revenue* | $ | 53,954 | $ | 45,548 | $ | 24,763 | $ | 99,502 | $ | 43,855 | |||||||||||
| Diluted internet revenue per share | |||||||||||||||||||||
| GAAP | $ | 2.46 | $ | 2.39 | $ | 1.08 | $ | 4.85 | $ | 1.84 | |||||||||||
| Non-GAAP* | $ | 2.22 | $ | 1.87 | $ | 1.01 | $ | 4.09 | $ | 1.78 | |||||||||||
| Weighted common shares utilized in diluted internet revenue per share computation | 24,285 | 24,391 | 24,532 | 24,338 | 24,571 | ||||||||||||||||
| GAAP internet money supplied by working actions | $ | 24,077 | $ | 50,344 | $ | 15,365 | $ | 74,421 | $ | 42,779 | |||||||||||
| Purchases associated to property and tools and intangible belongings | (2,677 | ) | (1,757 | ) | (1,894 | ) | (4,434 | ) | (3,122 | ) | |||||||||||
| Principal funds on property and tools and intangible belongings | (59 | ) | (33 | ) | (21 | ) | (92 | ) | (73 | ) | |||||||||||
| Free money circulate | $ | 21,341 | $ | 48,554 | $ | 13,450 | $ | 69,895 | $ | 39,584 | |||||||||||
| *Contains H20 expenses/(releases), internet, which have been $4.5 billion and none for the primary quarter, and ($180 million) and insignificant for the second quarter, of fiscal years 2026 and 2027, respectively. | |||||||||||||||||||||
| **Tax expense included represents influence from OBBBA (One Massive Stunning Invoice Act). | |||||||||||||||||||||
| (A) Acquisition-related and different prices are comprised of amortization of intangible belongings, transaction prices, and sure compensation expenses and are included within the following line gadgets: | |||||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||
| July 26, | April 26, | July 27, | July 26, | July 27, | |||||||||||||||||
| 2026 | 2026 | 2025 | 2026 | 2025 | |||||||||||||||||
| Price of income | $ | 46 | $ | 47 | $ | 49 | $ | 93 | $ | 170 | |||||||||||
| Analysis and growth | $ | 170 | $ | 167 | $ | 29 | $ | 337 | $ | 57 | |||||||||||
| Gross sales, common and administrative | $ | 6 | $ | 5 | $ | 8 | $ | 11 | $ | 17 | |||||||||||
| (B) Comprised of internet (positive factors)/losses on fairness derivatives, curiosity expense associated to acquisition consideration low cost to be paid sooner or later, share of internet (earnings)/losses associated to fairness technique investments, and dividend revenue on fairness securities. | |||||||||||||||||||||
| NVIDIA CORPORATION | ||||
| RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK | ||||
| Q3 FY27 Outlook | ||||
| ($ in billions) | ||||
| GAAP gross margin | 74.0 | % | ||
| Influence of acquisition-related prices and different prices | – | |||
| Non-GAAP gross margin | 74.0 | % | ||
| GAAP working bills | $ | 9.2 | ||
| Acquisition-related prices and different prices | (0.2 | ) | ||
| Non-GAAP working bills | $ | 9.0 | ||
