Nvidia Corp NVDA

Revenue Intelligence Report • 59 quarters of SEC filing data • Updated 2026-03-06

Nvidia Corp's revenue is primarily driven by its strategic investments in sales, general, and administrative expenses (SG&A), which yield a significant 6.23% increase in revenue for every 1% spent, contrasting with a negative impact from R&D spending. The latest quarterly revenue of $68.1 billion reflects robust growth, supported by a strong holdout test prediction accuracy of 3.4% error. With a forecasted revenue of $390 billion for the fiscal year, representing an impressive 80.7% year-over-year growth, the company's outlook remains highly favorable for financial investors seeking strong returns on investment. Overall, Nvidia's focus on optimizing its spending demonstrates a compelling ROI that positions it well for continued growth in the competitive tech landscape.

Next FY Revenue

$390.15B

+80.7% YoY

R&D Elasticity

-3.61x

SG&A Elasticity

6.23x

Model Accuracy

10.2% MAPE

Holdout validation: The model predicted $66B vs the actual $68B — an error of 3.4%.

⚠ Model limitation: This company shows negative spending multipliers, meaning increases in spending have not directly translated into revenue growth. This typically occurs with commodity-driven companies or hypergrowth companies.

Revenue Forecast

Quarterly Detail

Quarter	Model Forecast	Actual	95% Range	YoY Growth	Status
Q1 2026	$66B	$68B	$50B – $87B	+67.2%	✓ In range
Q2 2026	$76B		$52B – $112B	+73.1%
Q3 2026	$89B		$55B – $143B	+89.9%
Q4 2026	$104B		$60B – $179B	+81.8%
Q1 2027	$121B		$66B – $224B	+78.2%

How Spending Drives Revenue

Reading this chart: Each line shows the cumulative elasticity — how a 1% increase in spending translates to revenue growth over subsequent quarters. The effect builds over 4-5 quarters as investments compound.

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