Key Highlights
- NVIDIA reported record quarterly revenue of $68.1 billion, which is 20 times 20% higher than last quarter and 73% higher than the same period last year.
- Data Center revenue reached a record of $62.3 billion this quarter, up 22% from the previous quarter and 75% from a year ago.
- Full-year revenue hit a record of $215.9 billion, an increase of 65% over last year.
NVIDIA announced today that its fourth-quarter revenue ending January 25, 2026, reached a record of $68.1 billion. This is a 20% rise from the previous quarter and 73% higher than a year ago for the complete fiscal year 2026. The revenue was 215.9 billion dollars, up from 65% last year.
This quarter, GAAP gross margin was 75.0% and non-GAAP gross margin was 75.2%. For fiscal 2026, GAAP gross margin was 71.1% and non-GAAP gross margin was 71.3%.
Earnings per Diluted Share for the quarter were 1.76 on a GAAP basis and 1.62 on a non-GAAP basis for FY 2026. GAAP earnings per diluted share were $4.90, and non-GAAP earnings per diluted share were $4.77.
Computing demand is growing exponentially; the agent API inflection point has arrived. Grace Blackwell with NVLink is the king of inference today, delivering an order of magnitude lower cost per token, and Vera Rubin will extend that leadership even further. Said Jensen Huang, founder and CEO of NVIDIA: Enterprise adoption of agents is skyrocketing. Our customers are racing to invest in AI computing. The factory is powering the AI industrial revolution and its future growth.
During fiscal 2026, NVIDIA returned US$41.1 billion to shareholders through secured repurchases and cash dividends. As of the end of the fourth quarter, the company had US$58.5 billion remaining under its share repurchase authorization.
NVIDIA will pay its next quarterly cash dividend of $0.01 per share on April 1, 2026, to shareholders of record as of March 11, 2026.
Outlook
Beginning in the first quarter of fiscal 2027, NVIDIA will include stock-based compensation expense in non-GAAP financial measures. Stock-based compensation is a core component of NVIDIA’s compensation program to attract and retain world-class talent.
NVIDIA’s outlook for the first quarter of fiscal 2027 is as follows.
- Revenue is expected to be $78.0 billion, plus or minus 2%, and NVIDIA is not assuming any data center compute revenue from China in this outlook.
- GAAP and non-GAAP gross margins are expected to be 74.9% and 75%, respectively, plus or minus 50 basis points, inclusive of a 0.1% impact from stock-based compensation expense.
- GAAP and non-GAAP operating expenses are expected to be approximately $7.7 billion and $7.5 billion, respectively, inclusive of $1.9 billion of stock-based compensation expense.
For the full fiscal 2027, GAAP and Non-GAAP tax rates are expected to be between 17.0% and 19.0%, excluding any discrete items and material changes to NVIDIA’s tax environment.
Source: NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2026
