NVDA · 10-Q · 2026Q2 · Full report

Operating Expense Trends

NVIDIA CORP · 2026-05-20 · Importance 83 · Surprise 82 · No source text

Total operating expenses were $7,621 million in Q1 FY2027, up $2,591 million (52%) year-over-year and up 12% sequentially. Research and development expense rose to $6,321 million, an increase driven by a 112% rise in compute and infrastructure costs, a 31% increase in compensation and benefits, and a 204% increase in engineering development materials for new product introductions. Sales, general and administrative expense increased to $1,300 million, primarily due to higher compensation and benefits including stock-based compensation related to employee growth and pay increases. The increases in operating expenses materially reflect NVIDIA’s investment in product development and supporting infrastructure.

Key facts

• Total operating expenses for the three months ended Apr 26, 2026: $7,621 million, compared to $5,030 million for the three months ended Apr 27, 2025. source
• Research and development expense for the three months ended Apr 26, 2026: $6,321 million, compared to $3,989 million for the three months ended Apr 27, 2025. source
• The increase in R&D expenses was primarily driven by a 112% increase in compute and infrastructure, a 31% increase in compensation and benefits, and a 204% increase in engineering development materials for new product introductions. source
• Sales, general and administrative expense for the three months ended Apr 26, 2026: $1,300 million, compared to $1,041 million for the three months ended Apr 27, 2025. source

Impact estimates