Nvidia Corp. reported record quarterly revenue of $68.13 billion and adjusted earnings per share of $1.62 for its fiscal fourth quarter that ended January 25, 2026. The results beat consensus estimates of $66.1 billion in revenue and $1.53 in adjusted EPS, a $1.87 billion revenue beat and a $0.09 EPS beat, underscoring the company’s continued ability to capture high‑margin AI infrastructure demand.
The data‑center segment drove the bulk of the growth, generating $62.3 billion—an increase of 75% year‑over‑year and accounting for 91% of total sales. Networking revenue rose to $10.98 billion, while gaming and professional visualization segments saw modest gains, reflecting a shift in customer mix toward high‑performance compute workloads. The record data‑center revenue of $62.3 billion is the highest quarterly figure in Nvidia’s history, surpassing the $39.3 billion reported in Q4 FY2025 and the $0.89 adjusted EPS of that quarter.
Nvidia’s non‑GAAP gross margin expanded to 75.2% in Q4, up from 74.5% in the prior year, driven by a higher mix of high‑margin AI platform contracts and improved operational leverage as the company scales its product portfolio. The margin increase offsets modest cost inflation in raw materials and reflects the company’s pricing power in the AI chip market. Management highlighted that the ramp of the Blackwell GPU architecture and the launch of the Vera Rubin platform are key contributors to the margin resilience.
For the first quarter of fiscal 2027, Nvidia guided revenue to $78 billion, a 77% year‑over‑year increase, and maintained a non‑GAAP gross margin near 75%. The guidance signals strong confidence in sustained demand for AI compute, as the company expects continued adoption of its new architectures by hyperscalers and enterprise customers. The guidance also reflects the company’s view that supply constraints in gaming will not materially impact the data‑center‑heavy revenue mix in the near term.
"Computing demand is growing exponentially—the agentic AI 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. Enterprise adoption of agents is skyrocketing. Our customers are racing to invest in AI compute—the factories powering the AI industrial revolution and their future growth," said CEO Jensen Huang. CFO Colette Kress added that "growth was led by the rest of our data center customers as revenue diversified," and cautioned that "supply constraints to be a headwind to gaming in the first quarter of fiscal 2027 and beyond."
The combination of record earnings, robust guidance, and clear management messaging positions Nvidia to maintain its leadership in the AI infrastructure market. The company’s ability to deliver high margins while scaling new product architectures suggests a resilient business model that can weather short‑term supply headwinds and continue to capture growth in the rapidly expanding AI compute ecosystem.
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