Nvidia (NVDA) Cost of Revenue (2009 - 2026)
Nvidia's (NVDA) quarterly Cost of Revenue came in at $24.1 billion in Q3 2026, up 86.8% on a YoY basis from $12.9 billion in Q3 2025, and up 17.7% quarter-over-quarter from $20.5 billion in Q2 2026.
Analysis
Nvidia (NVDA) Cost of Revenue (2009 - 2026) Analysis & Trends
Nvidia (NVDA) has reported Cost of Revenue for 18 consecutive years, with $24.1 billion the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Cost of Revenue rose 86.8% year-over-year to $24.1 billion; the trailing twelve-month figure through Jul 2026 stood at $76.7 billion (up 54.02% YoY), and the FY2026 full-year result was $62.5 billion, up 91.41% from the prior year.
- Cost of Revenue grew to $24.1 billion in Q3 2026 per NVDA's latest filing, from $20.5 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $24.1 billion in Q3 2026 and bottomed at $33.0 million in Q1 2024.
- Historically, Cost of Revenue has averaged $8.7 billion across 5 years, with a median of $5.6 billion in 2024.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue slumped 98.51% in 2024, then soared 32045.45% in 2025.
- Over 5 years, Cost of Revenue stood at $2.8 billion in 2022, then surged by 71.39% to $4.7 billion in 2023, then surged by 89.11% to $8.9 billion in 2024, then soared by 69.81% to $15.2 billion in 2025, then jumped by 58.86% to $24.1 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $24.1 billion, $20.5 billion, and $17.0 billion for Q3 2026, Q2 2026, and Q1 2026 respectively.
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