Nvidia (NVDA) Operating Margin (2009 - 2026)
Nvidia (NVDA) reported Operating Margin of 65.6% for Q2 2026, up 1649.0% on a YoY basis from 3.75% in Q2 2025, and up 0.88% quarter-over-quarter from 65.02% in Q1 2026.
Nvidia (NVDA) Operating Margin (2009 - 2026) Analysis & Trends
Nvidia has reported Operating Margin for 18 years, with the latest figure at 65.6% in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 1649.0% year-over-year to 65.6%; the trailing twelve-month figure through Apr 2026 stood at 64.02% (up 599.0% YoY), and the FY2026 full-year result was 60.38%, down 204.0% from the prior year.
- Operating Margin for Q2 2026 stood at 65.6%, up from 65.02% in the prior quarter.
- The five-year high for Operating Margin was 65.6% in Q2 2026, with the low at 0.61% in Q1 2024.
- Historically, Operating Margin has averaged 44.01% across 5 years, with a median of 53.92% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 3012 bps — and 2025, when it surged 6050 bps.
- Nvidia's Operating Margin stood at 10.13% in 2022, then soared by 467 bps to 57.49% in 2023, then grew by 8 bps to 62.34% in 2024, then climbed by 1 bps to 63.17% in 2025, then increased by 4 bps to 65.6% in 2026.
- The last three Operating Margin figures came in at 65.6% (Q2 2026), 65.02% (Q1 2026), and 63.17% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,119.49 Bn | 5,076.01 Bn | 61.16 Bn | 65.60% |
| 2 | Broadcom | 1,946.04 Bn | 1,926.41 Bn | 15.42 Bn | 48.62% |
| 3 | Micron Technology | 1,288.71 Bn | 1,274.12 Bn | 17.76 Bn | 67.62% |
| 4 | Taiwan Semiconductor Manufacturing | 1,080.21 Bn | 983.26 Bn | 23.77 Bn | 58.10% |
| 5 | Advanced Micro Devices | 879.94 Bn | 867.59 Bn | 5.42 Bn | 14.40% |
| 6 | Intel | 681.83 Bn | 662.64 Bn | 5.35 Bn | -23.10% |
| 7 | Texas Instruments | 293.38 Bn | 288.27 Bn | 2.80 Bn | 37.47% |
| 8 | Marvell Technology | 274.06 Bn | 270.21 Bn | 1.26 Bn | 14.04% |
| 9 | Qualcomm | 241.64 Bn | 231.84 Bn | 4.16 Bn | 25.49% |
| 10 | Analog Devices | 212.24 Bn | 208.80 Bn | 2.44 Bn | 38.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 26, 2026 | 65.60% |
| Jan 25, 2026 | 65.02% |
| Oct 26, 2025 | 63.17% |
| Jul 27, 2025 | 60.84% |
| Apr 27, 2025 | 49.11% |
| Jan 26, 2025 | 61.11% |
| Oct 27, 2024 | 62.34% |
| Jul 28, 2024 | 62.06% |
| Apr 28, 2024 | 64.92% |
| Jan 28, 2024 | 0.61% |
| Oct 29, 2023 | 57.49% |
| Jul 30, 2023 | 50.34% |
| Apr 30, 2023 | 29.76% |
| Jan 29, 2023 | 20.76% |
| Oct 30, 2022 | 10.13% |
| Jul 31, 2022 | 7.44% |
| May 1, 2022 | 22.54% |
| Jan 30, 2022 | 38.86% |
| Oct 31, 2021 | 37.60% |
| Aug 1, 2021 | 37.56% |