As of Q4'26 (2026-01-25), NVIDIA's latest reported operating expenses show R&D Expenses at USD 5.51B and SG&A Expenses at USD 1.28B. This marks the highest levels for both categories within the period covered. From Q1'24 (2023-04-30) to Q4'26, both R&D and SG&A Expenses have demonstrated a consistent upward trend. R&D Expenses more than doubled from USD 1.88B to USD 5.51B, reflecting aggressive investment in innovation and development. SG&A Expenses also rose steadily, increasing from USD 633M to USD 1.28B. The data indicates a sustained and accelerating growth in operating expenditures, with R&D remaining the dominant component throughout the observed quarters.