Nvidia Posts 20% Quarterly Revenue Growth, Exceeds Analyst Projections

Nvidia Q4 and FY 2026 Earnings Report

Key Highlights:

• $68.1 billion in quarterly revenue for the period ending January 25, 2026, representing a 73% year-over-year increase and a 20% quarter-over-quarter rise.
• Revenue for the full fiscal year 2026 reached $215.9 billion, a 65% annual increase.

Revenue Growth and Demand

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Nvidia's quarterly revenue comfortably exceeded analysts' expectations of $65.7 billion. The company's performance underscores the accelerating demand for AI-focused chips, driven by the exponential growth in computing demand and the arrival of the agentic AI inflection point.

Profitability and Margins

Nvidia reported strong profitability, with quarterly GAAP and non-GAAP gross margins at 75.0% and 75.2%, respectively. For the full fiscal year, margins came in at 71.1% (GAAP) and 71.3% (non-GAAP).

Earnings and Share Buybacks

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Earnings per diluted share stood at $1.76 on a GAAP basis and $1.62 non-GAAP for the quarter, while annual figures reached $4.90 and $4.77. The company distributed $41.1 billion through share buybacks and dividends during fiscal 2026, with $58.5 billion remaining authorized for future repurchases.

Dividend and Outlook

Nvidia confirmed a quarterly dividend of $0.01 per share on April 1, 2026, for shareholders on record as of March 11. For the first quarter of fiscal 2027, the company expects revenue of approximately $78.0 billion with a margin of error of 2%, and gross margins of roughly 74.9% (GAAP) and 75.0% (non-GAAP).

Guidance and Accounting Changes

Starting in fiscal 2027, stock-based compensation will be included in non-GAAP results, reflecting the company's focus on attracting top-tier talent.