NVDA · 10-Q · 2026Q3 · Full report

Operating Expense Trends

NVIDIA CORP · 2026-08-26 · Importance 63 · Surprise 64 · Matches filing data

Second-quarter operating expenses increased 55% year over year to $8.408 billion and rose 10% sequentially from $7.621 billion. Research and development expense increased 64% year over year to $7.054 billion in the quarter and 62% to $13.375 billion in the first half. R&D growth was driven by 127% quarterly and 120% first-half increases in compute infrastructure and 30% increases in compensation and benefits, while SG&A increased primarily because of employee growth and compensation increases.

Key facts

• Operating expenses for the three months ended Jul 26, 2026 were $8,408 million, up 55% from a year ago and up 10% sequentially. source
• R&D increases were primarily driven by a 127% increase in compute infrastructure for the second quarter and a 120% increase for the first half of fiscal year 2027, and a 30% increase in compensation and benefits in each fiscal year 2027 period. source
• Research and development expense for the three months ended Jul 26, 2026 was $7,054 million and for the six months ended Jul 26, 2026 was $13,375 million. source

Impact estimates