NVIDIA Corp.
Profit Margins
| Period | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 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% |
In the short run, the market is a voting machine but in the long run, it is a weighing machine.