Nvidia — Feb 25, 2026 release
Fiscal 2026 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001045810-26-000019
Showing in the filing
Stock-based compensation expense (included in operating expenses outlook)
“$1.9 billion”
Period
Q1 FY2027
Measure
GAAP-tied
Source
Prose
All guidance in this release · 8
Non-GAAP gross margin for Q1 FY2027
“75.0 %”
Revenue for Q1 FY2027
“$78.0 billion, plus or minus 2%”
GAAP and non-GAAP gross margins for Q1 FY2027
“74.9% and 75.0%, respectively, plus or minus 50 basis points, inclusive of a 0.1% impact from stock-based compensation expense”
GAAP operating expenses for Q1 FY2027
“approximately $7.7 billion”
Stock-based compensation expense (included i… for Q1 FY2027
“$1.9 billion”
GAAP and non-GAAP tax rates for FY2027
“between 17.0% and 19.0%”
GAAP gross margin for Q1 FY2027
“74.9 %”
Non-GAAP operating expenses for Q1 FY2027
“$ 7,500”
Exhibit 99.1 · the passage around this item
… earlier in the release
• 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. • 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. For the full year fiscal 2027, we expect GAAP and non-GAAP tax rates to be between 17.0% and 19.0%, excluding any discrete items and material changes to our tax environment. ______________ 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 of GAAP to non-GAAP financial measures. The reconciliations for fiscal years 2025 and 2026 adjust the related GAAP financial measures to exclude stock-based compensation
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.