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NVIDIA (NVDA) operating margin by quarter

NVIDIA's operating margin was 66.2% in Q2 FY27 (second quarter fiscal 2027), +0.6 pts from Q1 FY27. Over the last 7 quarters it ranged from 49.1% (Q1 FY26) to 66.2% (Q2 FY27).

NVIDIA operating margin by quarterNVIDIA operating margin by quarter61.1%Q4 FY2549.1%Q1 FY2660.8%Q2 FY2663.2%Q3 FY2665.0%Q4 FY2665.6%Q1 FY2766.2%Q2 FY27
QuarterOperating marginQ/QY/Y
Q2 FY2766.2%+0.6 pts+5.4 pts
Q1 FY2765.6%+0.6 pts+16.5 pts
Q4 FY2665.0%+1.9 pts+3.9 pts
Q3 FY2663.2%+2.3 pts—
Q2 FY2660.8%+11.7 pts—
Q1 FY2649.1%-12.0 pts—
Q4 FY2561.1%——

Q2 FY27 at a glance

NVIDIA, Q2 FY27: revenue $96.2B (+106% year over year), operating margin 66.2%, net earnings $59.7B, operating cash flow $24.1B. The chart follows the revenue to costs, profit and cash.

Questions

What is NVIDIA's operating margin?

NVIDIA's operating margin was 66.2% in Q2 FY27 (second quarter fiscal 2027), +0.6 pts from Q1 FY27.

How has NVIDIA's operating margin changed?

Over the last 7 quarters it ranged from 49.1% (Q1 FY26) to 66.2% (Q2 FY27).

Q2 FY27 results → · How NVIDIA makes money →