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NVIDIA (NVDA) R&D spending by quarter

NVIDIA's R&D spending was $7.1B in Q2 FY27 (second quarter fiscal 2027), +12% from Q1 FY27. Over the last 7 quarters it ranged from $3.7B (Q4 FY25) to $7.1B (Q2 FY27).

NVIDIA R&D spending by quarterNVIDIA R&D spending by quarter$3.7BQ4 FY25$4.0BQ1 FY26$4.3BQ2 FY26$4.7BQ3 FY26$5.5BQ4 FY26$6.3BQ1 FY27$7.1BQ2 FY27
QuarterR&D spendingQ/QY/Y
Q2 FY27$7.1B+12%+64%
Q1 FY27$6.3B+15%+58%
Q4 FY26$5.5B+17%+48%
Q3 FY26$4.7B+10%—
Q2 FY26$4.3B+8%—
Q1 FY26$4.0B+7%—
Q4 FY25$3.7B——

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 R&D spending?

NVIDIA's R&D spending was $7.1B in Q2 FY27 (second quarter fiscal 2027), +12% from Q1 FY27.

How has NVIDIA's R&D spending changed?

Over the last 7 quarters it ranged from $3.7B (Q4 FY25) to $7.1B (Q2 FY27).

Q2 FY27 results → · How NVIDIA makes money →