NVIDIA Says Q4 2026 GAAP And Non-GAAP Gross Margins Are Expected To Be 74.8% And 75.0%, Respectively, Plus Or Minus 50 Basis Points; Operating Expenses Are Expected To Be ~$6.7B And $5B, Respectively; Other Income And Expense Are Expected To Be An Income Of ~$500M, Excluding Gains And Losses From Non-Marketable And Publicly-Held Equity Securities; Tax Rates Are Expected To Be 17%, Plus Or Minus 1%, Excluding Any Discrete Items

Author: Benzinga Newsdesk | November 19, 2025 04:23pm

Outlook

NVIDIA's outlook for the fourth quarter of fiscal 2026 is as follows:

• Revenue is expected to be $65.0 billion, plus or minus 2%.
  
   
• GAAP and non-GAAP gross margins are expected to be 74.8% and 75.0%, respectively, plus or minus 50 basis points.
  
   
• GAAP and non-GAAP operating expenses are expected to be approximately $6.7 billion and $5.0 billion, respectively.
  
   
• GAAP and non-GAAP other income and expense are expected to be an income of approximately $500 million, excluding gains and losses from non-marketable and publicly-held equity securities.
  
   
• GAAP and non-GAAP tax rates are expected to be 17.0%, plus or minus 1%, excluding any discrete items.
   

Posted In: NVDA