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Nvidia fiscal 2028 Q1 gross margin 72% or more?

Yes if 72.0% or more

Is NVIDIA's non-GAAP gross margin for the first quarter of fiscal 2028 at or above 72.0%?

The rule

Read the non-GAAP gross margin for the first quarter of fiscal 2028 in NVIDIA's earnings release or CFO commentary filed on Form 8-K, as reported for the quarter (not an outlook).

Settles on the company's own results materials; the figure is a non-GAAP measure the company defines itself.

Source: SEC EDGAR, NVIDIA Form 8-K with the first quarter fiscal 2028 results (earnings release and CFO commentary), CIK 0001045810

What would move the Call

  • Nvidia guides its fourth fiscal quarter below 71.0% on Nov 17, under the 71% to 72% bottom its CFO gave in August: more than memory.
  • Nvidia's first-quarter fiscal 2028 margin, out May 2027, is below 72.0% with its executed price rises in effect: the premium is gone.
Closes
May 2
8:00 PM ET
The thesis
Can Nvidia keep charging a premium once Google's TPUs, Broadcom's custom chips and AMD's racks arrive in volume?

A test is listed when its specification is admitted and a divergence names two sides. The open markets →

Question, rule and source from the DeepStack engine, data as of Nov 10, 2026. Analysis and opinion, not investment advice.