NVIDIA vs AMD — R&D Spend Comparison

NVIDIA (NVDA) r&d spend was $18.5B in FY2026 (+43% YoY); AMD (AMD) r&d spend was $8.1B in FY2025 (+25% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	NVIDIA	AMD
2026	$18.5B	—
2025	$12.9B	$8.1B
2024	$8.7B	$6.5B
2023	$7.3B	$5.9B
2022	$5.3B	$5.0B
2021	$3.9B	$2.8B
2020	$2.8B	$2.0B
2019	$2.4B	$1.5B
2018	$1.8B	$1.4B
2017	$1.5B	$1.2B
2016	$1.3B	$1.0B
2015	$1.4B	$947M
2014	$1.3B	$1.1B
2013	$1.1B	$1.2B
2012	$1.0B	$1.4B
2011	$849M	$1.5B
2010	$909M	$1.4B
2009	$856M	$1.7B
2008	$692M	$1.8B

NVIDIA — Annual R&D Spend

Fiscal Year	R&D Spend	YoY
2026	$18.5B	+43%
2025	$12.9B	+49%
2024	$8.7B	+18%
2023	$7.3B	+39%
2022	$5.3B	+34%
2021	$3.9B	+39%
2020	$2.8B	+19%
2019	$2.4B	+32%
2018	$1.8B	+23%
2017	$1.5B	+10%
2016	$1.3B	-2%
2015	$1.4B	+2%
2014	$1.3B	+16%
2013	$1.1B	+14%
2012	$1.0B	+18%
2011	$849M	-7%
2010	$909M	+6%
2009	$856M	+24%
2008	$692M

AMD — Annual R&D Spend

Fiscal Year	R&D Spend	YoY
2025	$8.1B	+25%
2024	$6.5B	+10%
2023	$5.9B	+17%
2022	$5.0B	+76%
2021	$2.8B	+43%
2020	$2.0B	+28%
2019	$1.5B	+8%
2018	$1.4B	+20%
2017	$1.2B	+19%
2016	$1.0B	+6%
2015	$947M	-12%
2014	$1.1B	-11%
2013	$1.2B	-11%
2012	$1.4B	-7%
2011	$1.5B	+3%
2010	$1.4B	-18%
2009	$1.7B	-7%
2008	$1.8B

Source: NVDA on EDGAR · AMD on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.