NVIDIA Corp. has reported a 73% increase in fourth-quarter revenue and issued a first-quarter outlook that significantly exceeded Wall Street estimates. The company’s strong earnings release comes amid broader investor concerns about the AI infrastructure boom.
NVIDIA reported record quarterly revenue of $68.1 billion in Q4, up 20% from Q3 and 73% from a year ago, as well as record quarterly Data Center revenue of $62.3 billion, up 22% from Q3 and 75% from a year ago.
For fiscal 2026, the chip giant recorded full-year revenue of $215.9 billion, up 65%.
Jensen Huang, founder and CEO of NVIDIA, told investors, “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.”
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 foundational component of NVIDIA’s compensation program to attract and retain world-class talent.
NVIDIA’s outlook for the first quarter of fiscal 2027 is:
- Revenue is expected to be $78.0 billion, plus or minus 2%.
- GAAP and non-GAAP gross margins are expected to be 74.9% and 75.0%, 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.
NVIDIA’s stock increased nearly 1% in pre-market trading following the announcement.
By CEO NA Editorial Staff
