NVIDIA Corp.

NVDA ·Technology, Semiconductors, United States

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Profit Margins

Gross Margin Operating Margin Net Margin

Period	Gross Margin	Operating Margin	Net Margin
Apr 2009	28.6%	-34.8%	-30.3%
Jul 2009	20.2%	-14.2%	-13.6%
Oct 2009	43.4%	11.9%	11.9%
Jan 2010	44.7%	—	13.3%
May 2010	45.6%	14.7%	13.7%
Jul 2010	16.6%	—	-17.4%
Aug 2010	16.6%	-21.6%	-17.4%
Oct 2010	46.5%	12.3%	10.1%
Jan 2011	48.1%	—	19.4%
May 2011	50.4%	16.1%	14.1%
Jul 2011	51.7%	17.1%	14.9%
Oct 2011	52.2%	18.5%	16.7%
Jan 2012	51.4%	—	12.2%
Apr 2012	50.1%	7.9%	6.5%
Jul 2012	51.8%	13.4%	11.4%
Oct 2012	52.9%	20.9%	17.4%
Jan 2013	52.9%	—	15.7%
Apr 2013	54.3%	8.7%	8.2%
Jul 2013	55.8%	10.8%	9.9%
Oct 2013	55.4%	13.4%	11.3%
Jan 2014	54.1%	—	12.8%
Apr 2014	54.8%	13.7%	12.4%
Jul 2014	56.1%	14.8%	11.6%
Oct 2014	55.3%	17.4%	14.1%
Jan 2015	55.9%	—	15.4%
Apr 2015	56.7%	15.3%	11.6%
Jul 2015	55.0%	6.6%	2.3%
Oct 2015	56.2%	18.8%	18.9%
Jan 2016	56.5%	—	14.8%
May 2016	57.5%	18.8%	15.9%
Jul 2016	57.8%	22.2%	18.3%
Oct 2016	59.0%	31.9%	27.0%
Jan 2017	60.0%	—	30.1%
Apr 2017	59.4%	28.6%	26.2%
Jul 2017	58.4%	30.9%	26.1%
Oct 2017	59.5%	34.0%	31.8%
Jan 2018	61.9%	—	38.4%
Apr 2018	64.5%	40.4%	38.8%
Jul 2018	63.2%	37.0%	35.3%
Oct 2018	60.4%	33.3%	38.7%
Jan 2019	54.7%	—	25.7%
Apr 2019	58.4%	16.1%	17.7%
Jul 2019	59.8%	22.1%	21.4%
Oct 2019	63.6%	30.8%	29.8%
Jan 2020	64.9%	—	30.6%
Apr 2020	65.1%	31.7%	29.8%
Jul 2020	58.8%	16.8%	16.1%
Oct 2020	62.6%	29.6%	28.3%
May 2021	64.1%	34.6%	33.8%
Aug 2021	64.8%	37.6%	36.5%
Oct 2021	65.2%	37.6%	34.7%
May 2022	65.5%	22.5%	19.5%
Jul 2022	43.5%	7.4%	9.8%
Oct 2022	53.6%	10.1%	11.5%
Apr 2023	64.6%	29.8%	28.4%
Jul 2023	70.1%	50.3%	45.8%
Oct 2023	74.0%	57.5%	51.0%
Apr 2024	78.4%	64.9%	57.1%
Jul 2024	75.1%	62.1%	55.3%
Oct 2024	74.6%	62.3%	55.0%
Apr 2025	60.5%	49.1%	42.6%
Jul 2025	72.4%	60.8%	56.5%
Oct 2025	73.4%	63.2%	56.0%
Apr 2026	74.9%	65.6%	71.5%
Jul 2026	75.0%	66.2%	62.0%

The best armour of old age is a well spent life perfecting it.