Nvidia — Aug 27, 2025 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001045810-25-000207
Showing in the filing
GAAP and non-GAAP operating expenses
“approximately $5.9 billion and $4.2 billion, respectively”
Period
Q3 FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 13
Revenue for Q3 FY2026
“$54.0 billion, plus or minus 2%”
GAAP and non-GAAP gross margins for Q3 FY2026
“73.3% and 73.5%, respectively, plus or minus 50 basis points”
GAAP and non-GAAP gross margins variance for Q3 FY2026
“plus or minus 50 basis points”
Non-GAAP gross margin exit rate for FY2026
“mid-70% range”
Non-GAAP gross margins
“mid-70% range”
GAAP and non-GAAP operating expenses for Q3 FY2026
“approximately $5.9 billion and $4.2 billion, respectively”
GAAP operating expenses for Q3 FY2026
“approximately $5.9 billion”
Operating expense growth for FY2026
“high-30% range”
GAAP and non-GAAP other income and expense for Q3 FY2026
“an income of approximately $500 million”
GAAP and non-GAAP tax rates for Q3 FY2026
“16.5%, plus or minus 1%”
GAAP gross margin for Q3 FY2026
“73.3%”
Non-GAAP gross margin for Q3 FY2026
“73.5%”
Non-GAAP operating expenses for Q3 FY2026
“$ 4,200”
Exhibit 99.1 · the passage around this item
… earlier in the release
• GAAP and non-GAAP gross margins are expected to be 73.3% and 73.5%, respectively, plus or minus 50 basis points. We continue to expect to exit the year with non-GAAP gross margins in the mid-70% range. • GAAP and non-GAAP operating expenses are expected to be approximately $5.9 billion and $4.2 billion, respectively. We expect full year fiscal 2026 operating expense growth to be in the high-30% range. • 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. • GAAP and non-GAAP tax rates are expected to be 16.5%, plus or minus 1%, excluding any discrete items. ______________ For further information, contact: Toshiya Hari Mylene Mangalindan Investor Relations Corporate Communications NVIDIA Corporation NVIDIA Corporation toshiyah@nvidia.com mmangalindan@nvidia.com Non-GAAP Measures To supplement NVIDIA’s condensed consolidated financial statements presented in accordance with GAAP, the company uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP other income (expense), net, non-GAAP net income, non-GAAP net income, or earnings, per diluted share, and free cash flow. For NVIDIA’s investors to be better able to compare its current results with those of previous periods, the company has shown a reconciliation
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.