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Operating Expense Breakdown
Details spending on R&D, sales and marketing, and general admin so investors can judge whether Nvidia is investing efficiently for future growth or letting costs erode margins. Trends here indicate management’s priorities and capital discipline.R&D is the clear driver of NVIDIA’s OpEx ramp — accelerating sharply to fund Blackwell, Vera and new CPU initiatives — while SG&A has climbed more modestly; a lone 2022 “Other” spike appears nonrecurring. Management explicitly guided upper‑40% full‑year OpEx growth, framing this as deliberate investment to capture a much larger TAM and sustain product leadership. That strategy supports the company’s margin strength and record FCF today, but it raises execution and leverage risk if revenue momentum or China access falters, so monitor quarterly R&D spend versus realized revenue from new product ramps.
Date | Research and Development | Selling, General, and Administrative | Other |
|---|---|---|---|
Jul 26, 2026 | $7.05B | $1.35B | $0.00 |
Apr 26, 2026 | $6.32B | $1.30B | $0.00 |
Jan 25, 2026 | $5.51B | $1.28B | $0.00 |
Oct 26, 2025 | $4.71B | $1.13B | $0.00 |
Jul 27, 2025 | $4.29B | $1.12B | $0.00 |
Apr 27, 2025 | $3.99B | $1.04B | $0.00 |
Jan 26, 2025 | $3.71B | $975.00M | $0.00 |
Oct 27, 2024 | $3.39B | $897.00M | $0.00 |
Jul 28, 2024 | $3.09B | $842.00M | $0.00 |
Apr 28, 2024 | $2.72B | $777.00M | $0.00 |