HighGravityDataNvidia — Nov 19, 2025 release
Fiscal 2026 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001045810-25-000228
Showing in the filing
GAAP gross margin
“74.8 %”
Period
Q4 FY2026
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 9
Revenue for Q4 FY2026
“$65.0 billion, plus or minus 2%”
GAAP and non-GAAP gross margins for Q4 FY2026
“74.8% and 75.0%, respectively, plus or minus 50 basis points”
GAAP and non-GAAP operating expenses for Q4 FY2026
“approximately $6.7 billion and $5.0 billion, respectively”
GAAP operating expenses for Q4 FY2026
“approximately $6.7 billion”
GAAP and non-GAAP other income and expense for Q4 FY2026
“an income of approximately $500 million”
GAAP and non-GAAP tax rates for Q4 FY2026
“17.0%, plus or minus 1%”
GAAP gross margin for Q4 FY2026
“74.8 %”
Non-GAAP gross margin for Q4 FY2026
“75.0 %”
Non-GAAP operating expenses for Q4 FY2026
“$ 5,000”
Exhibit 99.1 · the passage around this item
… earlier in the release
(A) Acquisition-related and other costs are comprised of amortization of intangible assets, transaction costs, and certain compensation charges and are included in the following line items: Three Months Ended Nine Months Ended October 26, July 27, October 27, October 26, October 27, 2025 2025 2024 2025 2024 Cost of revenue $ 48 $ 49 $ 116 $ 219 $ 355 Research and development $ 35 $ 29 $ 23 $ 93 $ 52 Sales, general and administrative $ 4 $ 8 $ 16 $ 20 $ 34 (B) Stock-based compensation consists of the following: Three Months Ended Nine Months Ended October 26, July 27, October 27, October 26, October 27, 2025 2025 2024 2025 2024 Cost of revenue $ 70 $ 58 $ 50 $ 192 $ 125 Research and development $ 1,206 $ 1,191 $ 910 $ 3,460 $ 2,469 Sales, general and administrative $ 379 $ 375 $ 292 $ 1,101 $ 822 (C) Income tax impact of non-GAAP adjustments, including the recognition of excess tax benefits or deficiencies related to stock-based compensation under GAAP accounting standard (ASU 2016-09). NVIDIA CORPORATION RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK Q4 FY2026 Outlook ($ in millions) GAAP gross margin 74.8 % Impact of stock-based compensation expense, acquisition-related costs, and other costs 0.2 % Non-GAAP gross margin 75.0 % GAAP operating expenses $ 6,650 Stock-based compensation expense, acquisition-related costs, and other costs (1,650) Non-GAAP operating expenses $ 5,000
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.