Filing Flows › NVIDIA (NVDA) › Q1 FY27 › vs Q4 FY26
NVIDIA (NVDA) Q1 FY27 vs Q4 FY26 (quarter over quarter)
NVIDIA's revenue rose $13.5B (+20%) from $68.1B in Q4 FY26 to $81.6B in Q1 FY27. Gross margin 74.9% against 75.0% (-0.1 pts).
NVIDIA, Q1 FY27: revenue $81.6B (+85% year over year), operating margin 65.6%, net earnings $58.3B, operating cash flow $50.3B. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 74.9% | 75.0% | -0.1 pts |
| Operating margin | 65.6% | 65.0% | +0.6 pts |
| Net margin | 71.5% | 63.1% | +8.4 pts |
| Free cash flow margin | 59.5% | 51.2% | +8.3 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $81.6B | $68.1B | $13.5B | +20% |
| Gross profit | $61.2B | $51.1B | $10.1B | +20% |
| Cost of revenue | $20.5B | $17.0B | $3.4B | +20% |
| Other income, net | $16.4B | $6.1B | $10.3B | +168% |
| Operating profit | $53.5B | $44.3B | $9.2B | +21% |
| Operating expenses | $7.6B | $6.8B | $827M | +12% |
| Pre-tax earnings | $69.9B | $50.4B | $19.5B | +39% |
| Research & development | $6.3B | $5.5B | $809M | +15% |
| SG&A | $1.3B | $1.3B | $18.0M | +1% |
| Net earnings | $58.3B | $43.0B | $15.4B | +36% |
| Income tax | $11.6B | $7.4B | $4.1B | +56% |
| Depreciation & amortization | $997M | $812M | $185M | +23% |
| Share-based compensation | $1.9B | $1.6B | $295M | +18% |
| Working capital & other | $10.9B | $9.2B | $1.7B | +18% |
| Operating cash flow | $50.3B | $36.2B | $14.2B | +39% |
| Free cash flow (OCF − capex) | $48.6B | $34.9B | $13.7B | +39% |
| Capital expenditures | $1.8B | $1.3B | $473M | +37% |
Questions
How much did NVIDIA's revenue grow quarter over quarter in Q1 FY27?
NVIDIA's revenue rose $13.5B (+20%) from $68.1B in Q4 FY26 to $81.6B in Q1 FY27. Gross margin 74.9% against 75.0% (-0.1 pts).