Key Highlights
- Nvidia surpassed Q4 earnings expectations with adjusted EPS of $1.62 compared to analyst projections of $1.53
- Revenue reached $68.13 billion, representing 73% year-over-year growth
- Data center segment expanded 75% to $62.3 billion, propelled by robust AI chip demand
- Q1 revenue guidance of $78 billion significantly surpassed Wall Street expectations of $72.6 billion
- First Vera Rubin samples delivered to customers this week, with mass production scheduled for H2 2026
Nvidia delivered impressive fiscal fourth-quarter performance on Wednesday, exceeding Wall Street projections across both earnings and revenue metrics.
Adjusted earnings per share registered at $1.62, surpassing the consensus estimate of $1.53. Revenue totaled $68.13 billion, outpacing the projected $66.21 billion, while showing 73% expansion from the prior year’s $39.3 billion.
Net income approximately doubled to $43 billion, translating to $1.76 per share, versus $22.1 billion, or 89 cents per share, during the comparable period last year.
Shares climbed approximately 3.6% during after-hours trading following the earnings release, building on the 5% year-to-date gain in 2026.
Data center revenue, currently representing more than 91% of Nvidia’s total sales, expanded 75% year-over-year to $62.3 billion. This figure exceeded analyst projections of $60.69 billion.
Hyperscalers — Alphabet, Amazon, Meta, and Microsoft — continued as Nvidia’s primary customer base, comprising just over 50% of data center revenue.
Networking Revenue Experiences Dramatic Growth
Within the data center division, networking revenue delivered exceptional performance. Networking component sales reached $10.98 billion, showing 263% year-over-year expansion. This surge demonstrates robust demand for Nvidia’s NVLink technology and Spectrum-X Ethernet switches, with recent agreements including Meta.
Gross profit margin registered at 75.2%, modestly exceeding the 75% consensus estimate.
Gaming revenue expanded 47% year-over-year to $3.7 billion, while declining 13% from the previous quarter. CFO Colette Kress indicated that supply constraints will likely impact the gaming division through fiscal 2027 and beyond.
First Quarter Guidance Exceeds Projections
Nvidia provided Q1 revenue guidance of $78 billion, plus or minus 2%. Wall Street analysts had anticipated $72.6 billion. The company clarified that this forecast excludes any potential data center revenue from China.
Nvidia continues diversifying its supply chain beyond Asia, expanding into the U.S. and Latin America. Blackwell GPUs currently enter production at TSMC’s Arizona facilities, while certain rack-scale systems undergo assembly at a Foxconn facility in Mexico.
The company delivered its first Vera Rubin samples to customers earlier this week. Vera Rubin represents the next-generation architecture following Grace Blackwell and promises 10 times superior performance per watt. Volume production shipments remain scheduled for the second half of 2026.
Nvidia’s shares have gained 5% in 2026, demonstrating stronger performance compared to the Nasdaq, which has declined 0.4% during the same timeframe.
